the colts and manning will no ng longer be in indy. >> harris: they could pay us, you've got game. pete, thanks. and looking ahead at the story this week, president obama meeting with israeli prime minister benjamin netanyahu tomorrow morning apartment the white house and the two expected to talk about iran's nuclear threat and how to deal with it. >> super tuesday, less tan 48 hours away. one of the biggest in the republican presidential race and one third will be decided in ten states. and on friday the labor department will announce numbers currently at 8.3%. so glad you were along for the the fox report and that's how we do it on the sunday, march 4th, 2012. i'm harris falkner, thank you for being here and watching huckabee a few seconds away. have a fantastic week.

>> in the town of williamton, a huckabee special, forum three. >> and a very pleasant good evening, i'm mike huckabee, p i'm coming to you from the beautiful community of wilmington, ohio a wonderful small town. and this is in ohio one of the states they're holding a caucus or primary and wilmington is a city of about 12,000 people in the southwest corner of ohio, about 40 miles from cincinnati. about 30 miles east of dayton, but in 2009, over 9,000 people lost their jobs when dhl shuttered this plant, delivering a gut-punch to the people here as well as to the area's economy. now, we're inside this massive abandoned plant at wilmington airport. three years ago, this million square foot facility was buzzing with activity.

6,000 people worked in this building. now, it's empty. and all of those jobs are gone. and unfortunately, wilmington isn't the only town in america's heartland who's having to struggle and trying to come up for air. millions of americans have lost their jobs and all americans are struggling with gas prices that spiral upward. now, during tonight's forum, we're going to be asking the republican candidates for president how they plan on addressing unemployment, as well as jump starting the stalling economy that we have not just here in ohio, but across america. before we introduce the candidates and our panel of experts, here is a closer look at the history the of this facility. at 2200 acres, wilmington air park is the largest privately owned. originally an air force base, the property was bought by airborne express in 1979 and concerted into a hub for its national delivery service. for the next 24 years,

airborne express built and expanded the facility, which became a central part of the local economy. then in 2003, the largest shipping company in europe, germany's dhl saw an opportunity to expand its business in the u.s. market and bought airborne express. >> this 300 billion dollar investment will remain 6,000 jobs and create 900 new full and part-time jobs, good jobs with benefits that will sustain working families of ohio. >> dhl built a new state of the art shipping center and still unable to compete with fed ex and ups and in 2008 announced domestic operations in the united states would be discontinued. after months of gradual layoffs, the last time card at the plant was punched in july of 2009. the shutdown led to the loss of more than 9,000 jobs, 6,000 of them from the wilmington plant. the hub is now abandoned. this warehouse, once full of

workers and humming with the sound of conveyor belts, is now vacant. it's still full of reminders of what it used to be, shipping bags hanging from hooks, but the conveyor belts have stopped and loading docks just sit there, with no trucks pulling up. well, our unique format of the forum is going to give you, the voter, a chance to evaluate the candidate based on fair and balanced treatment because each of the three will be appearing individually and answering questions and going to get exactly the same amount of time in their segment, the candidates have been asked to focus on the question, they're not in mention and certainly not to attack the other candidates. the order you see them determined by a random drawing con prior to the event and the focus of the forum, jobs and the economy and questions come from a panel representing different areas of business and the economy. and at the close, each candidate is going to be given one minute for summation. now, all the candidates were invited at the same time, several weeks ago.

and made adjustments in their schedules to be here. texas congressman ron paul declined our repeated invitations to be here for tonight's forum. let me get right to the panel and introduce them. first, fox business correspondent, charles gasperino, also, former labor secretary under president george w. bush and a distinguished fellow of the heritage foundation, also fox news contributor, elaine chao. >> and small business owner dave macarthur who owns and operates macarthur's bakery in st. louis, missouri. let's get started. before we bring the candidates out, charlie, you are going to be looking for some specific things from these candidates tonight. tell me what you're hoping to hear them say. >> well, basically i want them to go beyond the numbers, gosh. i'm a person that deals with numbers every day and i know these guys love to talk about numbers when they're talking about the economy i want to talk more than i'm taking the corporate tax rate down to 20% to get the jobs going. i want to see meet on the

bones. >> secretary chao. you've had a long history of labor in this country, finding a way to create jobs. specifically, are there things you're going to be listening for? >> when i was secretary of labors, one of my prime concerns was rate of job creation in ow country. national unemployment rate is alarmingly high 8.3%, we have over 12 million americans out of work. i hope tonight's questions and answers and how to stimulate job creation will be helpful to voters, to make informed decisions, this november. >> and dave mccar thur, you're a small business owner and tonight, you're sitting here, representing small business operators all over america. i know that's a huge responsibility that we've put on you. >> i'll try. >> what do small business owners want it hear from someone who wants to be president? >> we've got it it reflect to these guys, the dire straits we're in.

we're truly a struggling environment today that's killing us. it's evidented by the fact my own son, recently returned marine that was wounded, i told him to go somewhere else, there's no place for him in our small business anymore, i can't see the future for him. you know, get this across to the candidates and to the people watching out there that we're in dire straits. >> well, thank all of you, it's going to be, i think, a very informative evening for our audience and i hope it helps you to make your decision. after answering questions from our panel. each of the candidates will face some reaction from three ohioens who have been affected by the economy. we'd also love to hear what you're thinking about this forum. post your thoughts on our wall at facebook.com/huckabeeshow and also tweet using the hash tag, huck forum. we'll be joined by the first candidate in tonight's forum. newt gingrich. [ female announcer ] women have made it the number one selling

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>> welcome back to forum >> welcome back to forum three about jobs. before the break, the order in which the candidates will appear was determined by a drawing that we held earlier today. first up, is former house speaker newt gingrich. mr. speaker, it's a real pleasure, an honest to have you here. >> good to be with you. >> mike: i'm going to turn you over to these distinguished individuals who will begin with questions and i think the first comes from dave macarthur. >> mr. speaker, you recently made me very happy and said were you going to bring gasoline down to 2.50 a gallon. would you tell me how as a president can you make that market change? >> sure, take look at what's happened to natural gas where drilling and new technology has exploded availability of gas, $1,000 a cubic feet to

below $3. with gasoline i want to try to get to 2.50. the first things the president can do, sign the keystone pipeline, 700,000 barrels a day from canada. reopen the louisiana-texas gulf area, 400,000 barrels a day. we open already existing areas in alaska, about a million 200,000 barrels day and then open up federal land and off shore. we have the largest oil reserves in the world, bigger in total recoverable, bigger than saudi arabia, russia, a trillion, 400 billion. north dakota is the proof. >> speaker gingrich, say whatever someone says i'm distinguished i get nervous. you cited a specific number, 2.50, $2.50. what's the economic rational. do you actually have analysis, saying here are the three things we can do to produce 2.50. >> i think you could get much bee he low 2.50. 1.13.

1.89 when obama was president, sworn n the reason we got to between $2 and-- >> how do you get 2.50. >> the between you get 2.2.50, we asked experts in the oil industry given the complex fields we're talking about, what would the return have to be to justify the level of development. and they said, somewhere between $2 and 2.50 a gallon would guarantee a continuous development in the oil supply on the scale designed to make america independent. >> listen, i hope, it goes down to 2.50, don't get me wrong. i just wonder, how do you actually make the case of a specific number? it sounds like, sounds like a little bit out of the air. >> no, look, the range that we came from, talking to experts from the oil industry, i wanted to go to $2 and they said they thought at $2 you'd have the problem now with natural gas, we have so much natural gas, the opposite of ten years ago, so much, that we've slowed down exploration, and there's surplus and the

price crashed below the level nn oh round of development. >> if i quote your office tomorrow, give me the analysis of 2.50. >> i can get you experts in the industry who will tell you why they think, if you're going to develop the kind of fuels. remember, these are more complex fields. >> right. >> why they think 2.50 is a definable number. i think it will probably go below that and i think it will fluctuate. in the free he market you've got fluctuating prices. and the question, gingrich between $2 and 2.50 a clear digs tinks. >> secretary chao. >> mr. speaker, i'm going to switch over to trade. over 10 million americans are supported by u.s. exports and we also have the-- we're also the world's largest importer and we have a strayed deficit of nearly 500 billion dollars. now, president obama has basically stopped negotiating or cutting any new trade agreements.

what countries do you think the united states should begin renegotiating or negotiating trade agreements with? >> well, i mean, first of all, i think we want the widest possible markets, but we want to change american law so we can compete. if you look in ohio, for example, 80% of the electricity comes from coal burning electric plants, so the environmental protection agency anti-coal position, the obama-biden anti-coal position, if you have open markets you better have capable, i have proposals designed to make us the leading manufacturer in the world. at that point you'd like to go after every potential buyer, europe, frankly, regressing export to germany, a very high cost country. and open up all of latin america for important regional purposes and we also want to test yourself against china and india. if we can design regulatory

policies that enable us to compete head to head with china and india, and the studies now that, for example, the south carolina and alabama will both be cheaper than coastal china, in the not too distant future. the u.s. is already less expensive than japan so we want to aggressively export to these countries and requires a very different attitude. >> go ahead, secretary. >> we all understand how important the manufacturing sector is to our country. and the number of jobs that it provides, but we also know the worldwide manufacturing has been on a decline. do you think what you just said about changing the tax policies and the other trade policies, would that really help to stimulate and reinvigorate the manufacturing sector? >> well, that favors 100% expensive equipment and literally write it off in one year and changing up employment competition say you have to take a business-led training program if you get unemployment compensation. in north dakota right now, we

have 3 1/2% unemployment. and they have 16,000 jobs in the oil industry they can't fill. the unemployment aren't trained. so i'd go from giving people to do nothing, to requiring training so the american worker could match up with the next generation of technology and i think we can compete with anyone in the world if we decide that's what we want to do. >> mike: we've got to take a break and we'll come back with more with former house speaker newt gingrich on our forum. stay with us.

>> welcome back. we're back at forum three with

newt gingrich. welcome charlie gasperino. >> mr. speak, you may remember that the president said atm's are job killers. s' right to an extent. machines make things more automated and people lose their jobs. when you say you'll increase the number of manufacturing jobs. how does it work? this is where automation is pretty big. >> the fact is you want to become the leading manufacturing company in the world which we have been for most of the last hundred years and you frankly want the most modern equipment. if you look at production, for example, of the boeing dreamliner, it's a stonishing efficient operation, and that's how you get high value added jobs and you want america to be the most productive country in the world and be independent in energy which will probably create in order-- >> and those manufacturing jobs being high value added jobs, there's less of them and

takes people to do a single task. >> and any one task. you think of the entire world market as to where you want to go to. for example, we need to modernize the food and drug administration so it's in the laboratory and accelerating getting to the patient. now, if we become the fastest place to have new drugs, new technologies, et cetera. that's the largest market in the world. and as people get wealthier, he they may more for help with activity. and 18% of the economy and so air in a position to have hundreds of thousands of new jobs, and a new kind of manufacturing, creating biologicals, creating medical technology, all of them very high value added jobs. >> don't you conclude there is a transition, automation, technology, creates efficiency, and people lose their job. >> they get a better job here and over here. that's why i want to add a training component to unemployment. if you give people 99 weeks, that's equal after associates

degree. there's something wrong giving 99 weeks doing nothing when in 99 weeks you could be retraining them into necessary brand new jobs. >> mike: let's go to dave macarthur, you represent a lot of small businesses, so your question for the speaker. >> and when the government extends unemployment benefits half the costs come to the states and the state comes after me for the cost. what are you going to do to eliminate those costs. >> and of course, run four small businesses since i've run the speakership. i'm into how do you find the customers, meet the payroll and make things work. i agree with you, and that's part of why i would he reshape unemployment compensation, it's a very old model. 70-year-old model and it it doesn't work. what i would go to, frankly, is taking the burden off the individual businesseses, getting back to a model that would say, you have to be getting trained if you're getting unemployment compensation. my guess, you make your guess,

my questions, you have a 40% drop in the number of people applying for unemployment compensation the morning you require them to do something for the money. >> mike: secretary, to you for the next question. >> if we can go back to training. our country spent an enormous amount of money on training, the federal government spends over 8 billion dollars in training already. the president recently announced that he is proposing a new training program about 8 billion dollars more. many of the current training programs that we have are duplicative and overlapping. what do you suggest we do to ensure that the workers who need the training are getting effective relevant training, but also, that the american taxpayers are not being asked to spend more money in a less effective way? >> well, i would reconsider almost all of the training into businesses. if you look at the german model. the germans pay more for

manufacturing and labor than we do and have a much more powerful system and part of it is because the company that needs the worker is in charge of training the worker and they have an apprenticeship program that gives them very high skilled labor that's actually skilled what they're going to to for a living so i would reconsider-- when i described, for example, the unemployment being modernized, i described a business-led training program, not something over here in the academic world. as you want the person who is going to hire you, defining the skills they think you need to do the job they want to pay you for. >> a quick question because we want a couple more, charlie, yours is next. >> the president wants to tax companies and move jobs overseas, even if the company, aeconomic advisors, ge, jim immelt is one of the chief culprits of this move and yet, you know, one of the sort of the way the tax system is designed, is to create incentives. what's wrong with creating an

incentive to have americans companies keep jobs, for example, in this town. >> and liberalism and conservativism, liberals for some reason like to finish people with higher gas prices, higher taxes and dick taye toral regulations. and so, i have capital gains tax. hundreds of billions would poor in. 12 1/2% corporate tax rate and companies would move back from canada and move back from europe. favor 100% expenses and build your next factory here. and i think you can reward people and americans respond instantly to rewards and recent and try dn i think that liberalism on that sense is a dead end and doomed to be unsuccessful. >> mike: and one more segment. dave, you get it. >> we peek about rewards.

in business, we use sugar, we use a lot of it. sugar is sold almost double the rate of the world market. food prices are die rocketing. government subsidies, guarantee an exorbitant profit for the producers, these manufacturers. it's a small business, who guarantees me anything, as a small business man. would you vote against sugar subsidies or elimb natal them. >> as president you don't vote, but i would certainly sign the repeal. the first campaign, i did in 1974,dy a commercial attacking sugar subsidy, i have a long tradition of trying to take on the sugar lobby. >> mike: mr. speaker, thank you very much. we'll continue more with speaker gingrich. he's going to face a panel of local people all of whom have been affected by the economy. and rick santorum and mitt romney. and you can e-mail or tweet using the hash tag huck forum.

we'll be right back. stay with us. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online.

attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers.

>> live from america's news headquarters. i'm harris falkner. the national weather service issuing an alert. as more bad weather approaches, and cold front moving from the north of the expected to dump snow on the hardest hit areas and forecasters expect the temperature to drop below freezing and the approaching cold and snow making things

more difficult for thousands left without utilities to stay warm tonight and friday's twisters killed at least 39 people and damaged scores of homes and businesses. gas prices going up for the 26th straight day. triple-a reporting the average cost of regular unleaded topping 3.76 a gallon. last year at this time the average price was 3.49 a gallon. the rise following a 10% surge in crude oil prices over the past month amid fears that iran's nuclear tensions could lead to an all out war and disruption in oil supply. i'm harris falkner, back to the huckabee special, presidential candidates forum. >> presidential candidate newt gingrich took questions from our panel of experts. now, here we're joined by three ohioens and they're going be to be talking about how the economic collapse is up close and personal. micha michael, son, steven, daniel conover, son was killed in iraq in 2003. having difficulty coping with his son's death at his old job

he began working as a shuttle driver dhl. since being laid off in 2009 turned his hobby of making custom knives into a full-time business. tammy mckay, full-time lifetime resident of wilmington. she and her husband were both unemployed at different points and had a hard time making ends meet and had to use the retirement funds just to keep their home. and dennis, a senior at ohio state university. concerned about job prospects when he graduates at the end of the quarter as you can imagine. so we're going to start with devon and give the speaker the first question of the session. >> it's a horn to speak with you, you touched a little earlier on trying to turn the united states into the number one manufacturer in the world and i just wondered if you could, please, elaborate how you'll go about doing that a little bit. >> replace the environmental protection agency with an environmental solutions agency. epa is part of the biggest job

killer that ohio faces. you look what they want to do 80% of your electricity comes from coal burning plants they would turn ohio into an industrial wasteland and i'm for 100% expensing all new equipment and retraining people to use the new equipment and 0 capital gains and hundreds of billions of dollars invested and 12 1/2 corporate tax rate you had a he get about 700 billion dollars back home, currently locked up overseas and our goal has to be to have your generation the have a very aggressive jobs program where everybody in your generation has a chance to learn how to work, because america only works when americans are working. we don't work as a society, unless you have a chance to go to work. >> mike: all right. tammy, turn to you, you and your husband had a real struggle the last few years in wilmington. your question for the speaker? >> thank you so much for coming to wilmington, we really appreciate. the government bailed out the

auto and banking industries, and most people here didn't like hearing that. where we come from, folks would never ask the government for a handout. what would you do if that happened again? >> well, i think it's an enormous mistake. in fact, we could-- the dodd frank bill and because the way it was handled we've centralized more power in new york banks and made the big banks bigger. we put more power in the treasury, it's exactly backwards. you had taken the same number of dollars and helped people who had mortgages so they then paid the banks, you could have achieved the same kind of a goal in a much more human oriented model. what they tried to do, they poured the money in from the very top and this is true for both bush and obama. they poured the money at the very top and it never trickled down. the big banks kept the money. he they haven't made the loans and frankly the regulators under dodd frank depressed the housing market so it's still declining. this is exactly the opposite of what we should have done so

i would have favored increasing the number of local small independent banks, they're the people who make most of the loans to small business, i would have favored helping people work out their home mortgage problems, rather than foreclose and i would have favored looking at helping people, not helping large new york city banks and candidly, i've said at the time, you cannot have capitalism on the way up, and socialism on the way down, there are a lot of very rich guys who are really happy to i can at that the money when it was good and they took our money when it got bad and i think that was wrong. >> mike: michael, your question for the speaker, please? >> mr. speaker, it's an honor to be here. and we thank you for coming through here. sir, with all due respect, the statements you made about unemployment, where you were giving people money for doing nothing, that's not entirely accurate. while you say we're doing nothing, you have to look for a job, you have to document that, which takes a lot of

money and fuel, time, and then with what's left over you have to try and pay your bills. and so, it's not money for doing nothing. >> no, but take 99 weeks, it it's-- if we had attached to that 99 weeks a training program, those folks would have ended up literally with equivalent of an associate degree. the challenge is, for example, in president no, california 17,000 unemployed and 17,000 jobs and the unemployed doesn't have the training for jobs. i want to find a way from day one, if you find yourself in a situation where you don't have work, that we'll reconnecting you to the world of work and we're giving you an incentive to get trained and we give you the business intiff to reach out to train new people. particularly if we go to a high template modernization,

lots of new equipment, and new jobs. >> mike: we're short on time, devon as quickly as possible. >> you touched on earlier, you've owned four small businesses since your last position. >> yes. >> and you said you had experiences make sure you can make payroll and quite frankly i think it's easier to make payroll when you have finances that someone in your position does. what would you say to people who, if they can make pay-- can't make payroll how would you assist those people. >> i was impressed that my kid had opened up a custom knife shop and developing his own business and there's no question, you know, if you're in the position i'm in or governor huckabee is you have an easier shot at it, but the same principles are there, if i can't go out and find a customer, if i don't have people who work with me and want to get the job done, nothing happens. and so, it can be very challenging and in this economy, it can be really challenging, and i think you have to get up every morning and you have to go back out and try to figure out what are you going to market and how

you're going to find customers, and how do you keep your costs lower than with an is coming in, you don't do that. you can't play. >> mike: let me say thanks to all of our panelists and we'll see all of you again and thanks to speaker gingrich and we'll see the speaker again later in the show for some final thoughts. when we come back, former masses governor mitt romney joins us to face another round on our questions on our forum about jobs. we'll be right back. [ male announcer ] this is lois. the day starts with arthritis pain... a load of new listings... and two pills. after a morning of walk-ups, it's back to more pain, back to more pills. the evening showings bring more pain and more pills. sealing the deal... when, hang on... her doctor recommended aleve. it can relieve pain all day with fewer pills than tylenol. this is lois... who chose two aleve and fewer pills for a day free of pain.

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>> welcome back to forum 3 >> welcome back to forum 3, jobs. we're back with our panel of business experts, including senior correspondent charlie gasperino, elaine chao and dave macarthur. and we're joined by mitt romney, candidate for president. let's start the questioning about dave. >> good morning, nice to see you, nice to meet you. glad you could come sit with us. >> thank you so much. >> first question, sir. tough. my son received a trauma brain injury, wound in afghanistan, and suffers from severe post traumatic stress disorder and

traumatic brain injury. the government has repeatedly denied services because his wounds aren't visible. he will never be able to return to the regular work force. this week, president obama's administration again cut his benefits. sir, will you look me in the eye and tell me, he'll be taken care of? >> david, my, my heart breaks for you and your family, it's, it's just hard to imagine what it could be like. i have five boys, as you know, and having one of them injured that way, having one, having his loss, his life taken, it's something you can't imagine, you can't know unless you really experienced it as you have and i want you to know how much i appreciate your son's sacrifice for our country and i appreciate your

sacrifice, your family's sacrifice to the country for those who put everything on the line, we owe everything they need and i can tell you if i'm president of the united states, i'll not be raising co-pays on soldiers who are wou wounded and men and women who served this country and do everything in my power to help your son, boys, men, women and girls like him. we have such a great debt of gratitude for these individuals that, i can't tell you enough how much i'm moved by your experience and what debt i believe this country owes to your son. and to others like him. and we'll stay in touch, david. i want to make sure he gets the kind of care he needs and that he has a bright and rewarding life. >> you know, sir, i thank you so much for that, but it's his brothers, that's his concern. the va today is a nightmare, just a nightmare to deal

through, to try and get any service out of. tbi victims when they come home wait six month for the first check, again, please, sir, please. >> yeah, i understand that the -- the benefit recovery period, time it takes to get benefits paid has been lengthened dramatically upped the administration and i've got a son who works in health care, he's a doctor, in residencesy and he works at the va hospital sometimes as part of his training and in regular hospitals and he says, you know, dad, the va hospital isn't getting, you know, the same level of care and attention that sometimes exists in the private, in the private hospitals. and in the public hospitals. we need-- we need to recognize that those who served this country in our uniform have a special place in our hearts and we have to care for them. and the american people feel that. no question in my mind, but that they recognize we have a huge obligation to those who

served our country and i certainly feel that way and one thing i can't understand, right now the president is cutting back on spending and something that has to happen, but he's only cutting back on the military. going after tri care and saying we're going to raise the co-pays and benefits, why is it we go after military families, why isn't he going after government workers represented by the big government unions, i think i know the answer my view is we care for our soldiers, we care for our soldiers and their families first and that's our responsibility as a nation. >> mike: thank you, governor. and let's go to charlie gasperino. >> turning to the the economy. governor romney you've been criticized for having a tax plan that's 57 points, not my words, i read this out there. 57 points of mind numbing details. i will say this, i cover wall street and some of it is hard to make sense of. can you make sense of it for the average american. >> by the way, it's not 57, it's 59 and that's not my tax plan. >> those are the two i couldn't understand.

>> no, my tax plan is much smaller. but the 59 points i describe are a whole series of steps i think we have to take in order to make america the most attractive place in the world for entrepreneurs and for innovators, for investors, for job creators of all kind, big and small. my tax plan is pretty straight forward. i'd lower the corporate rate from 35 to 25%, so we're competitive and many' sure david can weigh in on this. most people in america don't work for corporations that are taxed as corporations, they work for small businesses that are taxed as individuals. so, the marginal tax rate on individuals is what's driving the success of most people's jobs. and as a result, i will lower the marginal rates across the board by 20%, go from 35% to 28%, and i'm going to do these things without busting the budget. >> right. >> i'd do that by putting

limits on exemptions and deductions and breaks and special loopholes so we end up with a plan combined with growth and elimination of those deduction-- excuse me, limit being the deductions. >> on your broader economic message, did you really think you had to delineate out to 59 points or 57 points? didn't the message get lost there it? that's kind of like what i want to hear from you, what is your message to the american people about growing the economy and how are we going to concrete do it. >> i'll lay is down mrit simply. i want more jobs, i want less debt and i want smaller government. those are three have i simple concepts. i've been involved in business around the world and spent 25 years in business, small business and big business, seven attributes of highly effective economies i think have to be applied here, from 59 to quick 7. one, tax rates that are competitive which i described.

two, regulators and regulations up-to-date and encouraging private sector. number three, taking advantage of our energy resources, we have a lot of energy, coal, gas, oil, nuclear, use it. number four, making sure we have a level playing field when it comes to trade. i like to open up new markets for our goods, but you've got to crack down on cheaters like china they're stealing jobs from this country by cheating, manipulating the currency and stealing intellectual property. build human capital, training programs and great schools and we also have to have a balanced budget. people are not going to invest in america if they think we're going to run into a wall like greece. these are the principles to get america to be the most attractive place in the world once again for enterprise. do you those things we'll create jobs. >> mike: we've got to take a break here. secretary chao will have the next question for governor

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>> welcome back to forum three. the topic is jobs and we continue with former massachusetts governor mitt romney. and the first question in this segment is from secretary elaine chao. >> governor romney. i've got a question about the the debt ceiling. the federal government is expected to hit the debt ceiling on or about election day. under your policies, how long would the nation have to wait before the federal government ran a balanced budget and thus, didn't have to raise the debt ceiling again? >> yeah, madam secretary, in the first hundred days of my presidency, i will get america on track to have a balanced budget.

and if we can get the growth rate high enough that can happen sooner rather than later in terms of hitting that number, but i'll get us on that track and certainly by the end of my second term if i'm lucky to have one and two terms we'll have a balanced budget. how do you do that, three simple rules. one eliminate programs that are not essential. don't slow down the growth some are ease toy get rid of. one of course is obamacare, we've got to get rid of that, but a long list of programs and my test is simple. is this program so simple it's worth bore heing money from china to pay for it. if not get rid of it. take blocks of what the federal government is doing and give it back to the state. job training programs, 47 different federal job training programs, bundle the money, send it back to the states and let them run it. medicaid, housing vouchers, food stamps let the states run those programs more efficiently and cap the rate of growth and finally, make government itself more efficient by reducing the payroll and by linking the pay

and benefits of government workers with that of the people in the private sector. and people working for government shouldn't get a better deal than the taxpayers that are paying for them. >> mike: okay, dave macarthur. >> governor, the second love of my life besides my family is my business you know, and i listen to washington talk about cutting taxes. and all you guys ever talk about is cutting taxes, cutting taxes, well, governor, i need people to walk through my door. i haven't made a profit in five years. governor doesn't create jobs. i into he had government to get out of my way. i need a profit. what are you going to do to get at that government out of my way so i can once again turn a profit? >> well, you make a good point. you hear all the time how we're going to cut taxes and that's going to get business a break, but a lot of businesses that would love to pay taxes and showing that they've got a profit. >> right. >> and some of the hard hit industries, manufacturing in particular, you've got

business that haven't seen profits in years. what i want to do is make america such an attractive place for entrepreneurs again and for startups and for small business, that we start seeing job growth again. do you realize in the obama years, the number of startups per year has dropped by 100,000? people are afraid to invest. it's in part because almost everything president obama has done has made it harder for small business. not just raising taxes, but obamacare scarce the dickens out of small businesses and he's changed the playing field between labor and stacking the national labor relations board against you. energy, he's held off on the development of domestic energy and all of these provisions made it harder for businesses. the best thing i could do for your customers is to get your customers better jobs with higher incomes and then they're going to walk in the door and say i want those good pastries that dave makes down the street and mike, you're thinking about this already. >> he didn't bring us any, he should have. >> i want to make america once

again the job creating machine it's been in the past. the median income in america has dropped by 10% in the last four years. when you think of that. so families. >> i know it. >> you know it, families seeing higher food costs, higher gasoline costs, higher health care costs and cut back. what to they cut back on, baked goods, movies, restaurants, and as a result, the entire economy suffers. and we've got to turn this around. and get measured america growing again and having people have such confidence in our future that they'll invest in their ideas and build new enterprises. >> mike: madam secretary, the next question one for the governor. >> i've got a good one, governor. prepared it. lemonade stands have been a time honor right of entrepreneurial passage for youngsters seeking to make a little bit of extra money, as fox's john stossel recently reported, these days, america's youngest entrepreneurs are increasingly at risk of being shut down for violating local ordinances,

such as on food safety. if your own grandchildren were enthusiastic about opening up their own lemonade stand, would you counsel they first make sure it would be legal to do so or are you going to take the risk, risk venture capital and provide them with the concentrate, the powder concentrate, and the paper cups? >> we've got about a little over, about a minute to answer the lemonade question here. >> my question is, kids ought to be able to open up lemonade stands and, look, you've got to have freedom in this country. one of the problems we have right now is there are so many bureaucrats in washington and they've lived there so long, that they try and think of new things they can do to somehow make america better. there are too many of them. get them out of there. let entrepreneurs, small, i'm just thinking about kids, i mean entrepreneurs of all kinds, open their doors and start businesses we've got regulators on regulators trying to direct our lives.

that's not what america is. you think about the interstate highway system built during the eisenhower years, you can never build that today. the epa and environmental impact studies required would take it decades to put in place. he we could not have the country we have if we had the regulations of today imposed on our past. the right course for america, cut back on the size of government and get them out of the way. >> mike: governor, we've got to go. we'll come back with more with mitt romney and a panel of ohioens later. former pennsylvania senator rick santorum joins us. stay with us. i was worried. i worried about my wife, and my family. bill has the mos common type of atrial fiillation, or afib. it's not caused by a heart valve problem. he was taking warfarin, but i've put him on pradaxa instead. in a clinical trial, pradaxa 150 mgs reduced stroke risk 35% more than warfarin without the need for regular blood tests. i sure was glad to hear that.

pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding, and seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition like stomach ulcers, or take aspirin, nsaids, or bloodthinners, or if you have kidney problems, especially if you take certain medicines. tell your doctor about all medicines you take, any planned medical or dental procedures, and don't stop taking pradaxa without your doctor's approval, as stopping may increase your stroke ri. other side effects include indigestio stomach pain, upset, or burning. pradaxa is progress. if you have afib not caused by a heart valve problem, ask your doctor if you can reduce your risk of stroke with pradaxa.

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