tv Forbes on FOX FOX News February 7, 2015 8:00am-8:31am PST
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off from home depot building boom around the corner. >> derk shier, i love warren buffet, love everything about him. >> i have to go. we continue now with david asman. >> after that horrific video from isis calls now to find alley stop isis in its tracks. the u.s. now vowing to give jordan more money as it steps up its attacks against this evil enemy. is giving more aid to our middle east allies enough to help defeat isis once and for all? hi everybody, i'm david asman welcome to "forbes on fox" let's go in focus with steve forbes elizabeth mcdonald michael, john and rick. mike, is this enough? >> david, it's not enough. we need to completely apply late isis, we need to do it through diplomacy and building up a big coalition in the middle east. $400 million more for jordan is
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not going to get it done. >> the administration claims that they have 62 nations with us in this fight. but only 4 of those countries are actually engaged and one of those four is qatar, they're the ones that initially gave money to isis. >> the $400 million is a good start and the key thing is this president is forced to follow through. the middle east knows that we don't have our hearts in it. so the $400 million in that sense is a down payment and the key thing is follow through. otherwise, it's going to falter again. >> emac, i would think that after that last video that we saw of the guy being burned to death in a cage that everybody's heart would be in this fight. >> that's right. that's a turning point. right now the fight is at a turning point. give jordan what it needs jordan is heals needing i don't think boots on the ground just yet. even the senate armed services
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is saying that, too. what we had now is a president whose ambivalent and he's in teacher faculty lounge outlook. we need an fdr or reagan. last decades the turns point came against czar would you would he when he engaged in brutal slaughter. >> rick, it's one thing to send groans this and to talk a lot by want haven't seen the effort we need to defeat this enemy. >> it surprises people when i say this, but i think steve has a t. exactly right. we should be sending this aid. the hard part in that part of the world is often determining whose really an ally and who isn't. qatar, great example but i'll tell you what i'm going to go the step further, the u.s. functions best when we stand up against evil, isil is evil, we need to go there and kick their you know whats. >> rich, what i'm hearing is sending a little more money --
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in the grand scheme of things $400 million isn't a lot of money. that's not enough? >> yeah, it is a good down payment as steve said and as rick endorsed. $400 marshawn lynch is less than 1 ssh 10 of 1% of last year's military. it is small. what we really need is for the president to channel his inner winston churchill but, oh, wait barack obama took down churchill's portrait almost immediately upon taking the white house in 2009. >> i forgot about that. >> i guess it isn't there. but it sure needs to be there. >> ondamnjohn, we saved the best for last i know you are a die hard libertarian, i suspect you have problems with some of what you've heard. >> i think i'm going to be rick for this segment. [ laughter ] >> we all historically recognize that politicians are fallible and they're very much prone to
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err, but we're also trusting that politicians can make big foreign policy decisions that won't immediately impact american lives. isis is prominent today because we deemed it necessary to get rid of sad dam. we have the taliban to some degree because we deemed it necessary to intervene in afghanistanful does there come a point that we recognize we don't understand the middle east and some of our involvement makes the middle east worse off but us less safe. >> since john is holding up one side of this argument the fact is we've given billions of dollars to a lot of these so-called allies approximate in the region and you think of allies again with quotes around it like pakistan which in some cases have supported some of the terrorists we're fighting into we made a lot of the same mistakes before world war 1, we made a lot of the same mistakes before world war ii but that didn't prevent us in engaging in those wars and winning those worse. we have to preserve what this
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country stands for. unless we have a cohesive coherent strategy we're not going to do it. we can't do it with this piecemeal stuff of $400 million more to jordan and a couple for dollars over here and some drone vieks. we need to be consistent and need a good strategy. we do not have one right now. >> steve, i have had a lot of arguments this week with friends who say, look, it's over there to john's point we usually pick the wrong side in a lot of times if these arguments and everything. it's not happening here. until it happens here we don't get involved to which you say what? >> we had that attitude in the 1930s and we saw where that led to. these people are intent on coming after us. because we make mistakes does not mean we should disengage from the world. we should have more effective and better leaders and recognize problems for what they are. the problems in iraq rose up after 2009 because we withdrew and made it a highway for iran to go into syria. the kurds, we should be arming
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them. they'reling to fight. it's a good judgment effective leadership but you can't turn your back on the world because bad guys in the world will come back after you. >> let me give john another chance. we did have jordan stepping up to the plate, it was a jordanian pilot who was brutally murdered and now they are stepping up their sorties, isn't that a good thing? >> you can argue that it's a good thing. ultimately what we're talking about we want president obama to be more active with his foreign policy. what i hear a lot on this show and i'm one of them is i say look at all of president obama's weaknesses and there are many. so we then expect someone who we don't think a lot of to craft a great foreign policy. i think this is so dangerous and it could lead to the loss of american lives. obama is doing the right thing do less now don't do more. >> emac, he makes a point. it would be nice if we had a winston churchill like figure but we don't. >> we need a president who can can a joel and pressure and push the uae, egypt, turkey.
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>> that's not in this guy's dna. >> we don't have that and that is a problem. our allies are worried about the lack of leadership in the white house. to get those people together in the muslim world to fight this -- >> i think we tickled an argument out of rick here. >> not everything has to always be an attack on the president. john did a great job playing me because he made an insightful and intelligent argument that is not necessarily at odds with what we're saying. >> how to win friends. >> look, here is the situation. john, you're right, we have often blown it in the middle east. what's different about this we do know evil when we see it. if somebody is long off of the heads of little children we know that they're evil. it's about going after evil when we find it. >> it's about tactics. rich, we talked a little bit about this last week -- last week in the language we use, we do have an administration that is not willing to call what they see evil evil in exactly those terms. it needs to be called in order
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to defeat it. >> well, look, there's a lot of criticism of fdr from the right for his economic policies he looked pretty if he canless on foreign policy but that didn't make him a bad war tooim leader. the japanese were bayonetting innocent chinese for practice, there were signs, you know that the world was going to tip. >> steve, are we going to defeat this enemy anytime soon. >> we are going to defeat it. in the meantime while we have this president we have to pressure here and two years we will get a real leader. in the meantime we can still do things. >> thank you, gang. the administration is touting 12 straight months of strong job growth. we've got more of that on friday. what happened to its warning of a jobs disaster after the emergency unemployment benefits were cut a year ago? daughter: do you and mom still have money with that broker? dad: yeah, 20 something years now.
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live from america's news headquarters i'm greg jarrett. parents of us aid worker kayla mueller are saying they're hopeful that she is still alive. they're also urging isis to contact them and to treat their daughter as a, quote, guest. while the white house says it has not seen any evidence she was killed jordan says the claim by isis is part of the islamic state's criminal propaganda. powerful storm is hammering the west coast right now trag ring floods and mudslides in washington state. no reports of any injuries. the storm also hitting california work knocking out power for thousands of people will. up to 10 inches of rain could fall this some places but it's not expected to make much of a dent in the state's historic drought. i'm greg jarrett we'll see you back here at 2:30 eastern time with julie banderas. now back to "forbes on fox"."
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there's still a lot of people who are struggling and in fact, if woe don't provide unemployment insurance it makes them harder to find a job. >> denying 2 million americans unemployment insurance will wind up costing us hundreds of thousands of jobs. >> that was the prediction and 12 months after ending those emergency jobless benefits this is actually what happened hundreds of thousands of jobs were created. not lost. just about each month in a recent report says cutting those extra benefits is one reason why. rich you agree? >> yeah i do agree. not lost on employers is this idea that if you have unemployment insurance that's going to go on forever who's going to pay for it? the employers are going to pay for that. so they're going to be defensive. what this did was stimulate both employers and potential employees to go out and hustle. it was a good thing. >> rick, those sounds on tape that we heard of the president
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and vice president saying a year ago jobs would be hurt if you got writ of the unemployment benefits, they were wrong want they. >> clearly they were wrong in terms of what they said. if you were looking at the studies that were coming out a year ago what you would have seen was the prediction that it was going to be as the president said. now, it turned out things took a very good turn. i'm not really buying that it was because we cut unemployment benefits confined the studies on both sides. i think the economy bought better. >> john, here is why the president and vp got it wrong. they don't get that incentives matter if you're incentivized to go out and find a job you'll go out and find a job if you're incentivized to stay home you'll do that. >> incentives matter if you're getting a check from the federal government there's less urgency to go out and find work. you can be more choosey about the kind of job you accept. so with a reduction of these benefits eem have been more likely to accept what's out
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there and get back into the work force and that has stimulated economic growth, too. >> sabrina, i understand there's a lot of questions about the unemployment figures. i have a lot of questions about the unemployment figures however, it does seem that getting rid of hose unemployment benefits was a boost to jobs not a hindrance. >> absolutely. look, it might be uncomfortable to say politically but it is good policy and it gets to the sort of core of the ideological differences between the left and the right. people like nancy pelosi and the president think that you can hand out sort of freeb yees to the american people and that that's going to lift people out of poverty. you have a conservative camp most of us on the panel who would say there are things that government can do to make our lives easier but the free handouts come with serious unintended economic consequences consequences. >> do people get it now? the president who was putting forth these ideas that turned out to be wrong won huge in his reelection. would that rg argumentativeement still
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wined to "today." >>. >> he's make sole changes to it. >> do the american people get it. >> i think the american people most of them have always gotten it but this crowd around the president and the president does not get it. reality doesn't seem to make much of a dent on these people. one thing to note though is that the jobs that have been created until very recently were low paying jobs and that's because the benefits were cut so you went out and took what you could get. >> emac we can compare various counties with other counties, because unemployment benefits very often are a local thing as well, right? >> that's right. what's also interesting, too, princeton did a study with stockholm university and they found when the benefits went up the job searches went down. it's really interesting. long-term jobless benefits we all want to help people it's not a long-term economic policy. look at l.a. they had a 17% jobless rate, they lost two dozen major companies since 2011. you look at fdr with six years
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of fdr the unemployment rate was still around 17% with his policies. >> rich, getting back to my question, i'm wondering if the american public -- i mean, the american public has gone with this tools gold, stuff that gliters very bright, we can make people happy even if they don't have jobs. nance wree pelosi even suggested that it helps the economy to hand out unemployment benefits. >> david, all you have to do is look at the 2014 elections and you see that the american people have moved dee sighs ifl to the right on economic matters. i think the president and nancy pelosi have lost the argument with the american people. >> hold on a second. rick, did i hear you say that it does help the economy to hand out unemployment benefits. >> the very study that you're citing said so in the final part of that study. >> no. no. no. >> wait. >> make your case. make your case. >> the days kwais is simple. people have no money in their pockets in a consumer driven
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economy they can't spend thinking. >> people search harder when they know their insurance is starting to run out. the 2011 election was not about free stuff it was about a miserable campaign by the republican party. if they had done it right they would have won. >> it's not free stuff and it's like taking a blood infusion from one sector, the private sector, the productive sector and giving it another and losing a lot offer blood in the meantime. >> it's taxpayer financed. john has argued that as well. taxpayers have to pay for those benefits. >> john, go ahead. >> yeah, if you put money in the pockets of one set of workers you're going to remove it from another set. there's no actual stimulus here. rich countries can have high lates of unemployment because they'll pay people not to work but every time when you see the reduction of these benefits people have an incentive to get back to work and that's what we're seeing right now. >> sabrina, go ahead. >> also i beg of people to think about the same unintended cops sequences that come from their
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unemployment benefits that have happen if we raise the minimum wage if we offer paid leave. they were they will all end up hurting workers and creating few which are jobs. >> we're begging you, folks. look at the evidence. all right. the "cashin' in" gang getting ready to roll at the bottom of the hour. eric, what have you got. >> the president suggesting americans get on a high horse after isis burns a man alive. what does that mean for our lives and the kpe and he's comparing what she is monsters did to what christians did centuries ago. >> plus a new approximate approximate you wish to nearly double the gas tax could have the president's blessing. we'll see you at 11:30. >> we will be watching. up here first the government wants to start regulating one huge part of our economy, it doesn't, the internet. some here say get ready for higher prices and less access
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i've always felt the nine most terrifying words in the english language are i'm from the government and i'm here to had help. >> ronald reagan's famous line about the most terrifying words in the english language being trotted out once again this time from the federal communications commission chairman. he says he wants to regulate the internet to protect consumers but some here say it's going to hurt consumers with new rules, higher price and less access is. steve, explain the flip side. >> what's there to protect from?
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the internet has been a fantastic engine of growth and invasion we're feeling more and more of its positive pekts each day every time we have those hand-held, $25 smart phones that are soon being to bego coming. you have all' have less invasion. when governments make decisions that private entrepreneurs should make watch out, soef yer union here we go. >> rick? >> well, i was actually good with what steve was saying from the first time i'm not feel too soviet unionish about this. i come down on a different side. i'm very much afraid that if the government doesn't do this all of these great innovators and entrepreneurs that we've been experiencing the past many years of the internet will not be able to do so. they won't have access because the big guys will keep them away from getting their products to us. i don't want that to happen. >> rich, the scariest part is
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the idea that the government will now have the power to do price controls and regulate content. now, here is what wheeler says by the way the head of the fcc my proposal includes a general conduct rule that could be used to stop new and novel let's tlets not internet that means the action we take will establish ground rules for the add yet -- a general conduct rule, what's that about? >> i have no clue. i mean, these people talking a language, but steve is absolutely right, what on earth was broken about this? to answer rick's criticism, you know, what evidence there is that this is in any way hurting entrepreneurship in america? now we're fixing something that didn't need to be fixed. >> i completely agree. and, you know rks it's not his proposal. this is blah tant political grout, it's from obama, he came in, he was sore about november's loss and he's trying to increase government -- >> 3450ik, is this pay back?
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>> the president wants to turn the internet into an all you can eat buff faye the guy who eats a little bit subsidizes the people who george themselves. the big carriers like at&t will be find, the small ones like century link will be squashed. >> coming up a new survey finding 72 mrs of americans are stressed out about their finances. no need to sweat. our informers have stress free picks coming up.
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and we are back with stocks to help make you stress free. emac you've got a medical waste company. >> removes medical waste picks up from hospitals, drug companies, vets. >> mike, somebody has to do this. >> this stock has been hot. we're doing a good job of acquiring smaller rifles. >> mike, you have a fund, a collection of stocks. >> this is kind of stojy, but safe it's a good mix of bonds,
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cash and stocks. >> emac you like it. >> 6% 7% returns. it's good if you like to be safe. >> have a great weekend. thanks for watching. keep it right here. number one business block continues with eric bolling and "cashin' in." these guys are a brutal vicious death cult that in the name of religion carries out unspeakable acts of barbarism. >> even after isis burns a man alive in the nam of allah the president is still dancing around the world radical islam. this game putting america and our economy at risk? i'm eric bolling well tomorrow to "cashin' in" our crew jonathan kimberly and welcome everybody. kimberly, let's start with you, isis is burning people, burying people but the white house seems to have their head buried in the sand. >> you're never going to hear this president say the words radical islam or criticize that religion in any w
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