so washington is doing antigrowth economic policies and we don't yet have a clear picture.itically if that's going to change. we saw the same thing in 1980. market was all over the place when it was clear that a good change would come. it went up, and we got the good change in the 1980s. but uncertainty breeds what you see today. deirdre: all the volatility. >> yes. and they don't have pro growth policies in here, europe, or china yet. deirdre: okay. well, maybe we'll turn a page this year, steve forbes. >> we better. deirdre: thank you very much in the meantime. >> thank you. deirdre: glad to have your insight. steve forbes joining me there. new cell phone video released catching the moments of when the bomb went off in jacarda. [screaming] . deirdre: officials are saying an isis militant ordered that attack. terror was a big topic last night at the fox business gop debate. colonel allen west is going to join me with his reaction. >> there is a war against isis. not just against isis but against radical terror. it is a war whether we win or they win, we're going to win thi

mohamed: if you look at the tax system, there are lots of stuff that is not just antigrowth. we can fix that. secondly, investing in what helps production as opposed to what helps finance helps income distribution. thirdly, we have to deal with certain issues that are difficult, but if we don't do what them today, it will be a lot worse. if we don't do- something about it today, it will be harder to do something later. charlie: what about other entitlement issues? mohamed: the one thing i would say to the presidential candidate -- it is about the quest for growth, inclusive growth and being comprehensive in your policy approach, right? you don't need to know every single step for your first four years or eight years, but you need to know what you are going to do for the first 200 days. there is a lot of clarity. charlie: look at china's market. do the financial markets affect their economy or not? about the number of people that came to the market and how they handled their investment? china made thehamed: same mistake we made with housing. we pursued homeownership and value

this is the worst post reception recovery in history because we have too many taxes, too manyoo antigrowth>> there is something to what he was talking about with the raise. it's palpable. among a lot of people who feel that they're getting gouged. and it explains sander's appeal, even when he wants to extend those tax hikes to the middle class, saying that they'll get more than they have to pay out. what do you make of this move on the left to go for more taxes? >> and i get how bernie sanders is trying to lasso in those voters who want to stick it to the man and get those tax rates up so they can be in quotes here, fulfilled and somehow economically sound, but that's just wrong. let me just put it in perspective here. you were talking about the middle class. let's talk about the lower income people that are making $30,000 or less. if you, bernie sand ers, if we take his health care plan and implement that, say that happens. those lower income people making $30,000, they're going to have a 2.2% tax increase, which doesn't seem that much, but they're going to take a 6.2% payroll decrease. s

there's too many antigrowth elements. >> right. >> caller: most people agree there is scope for private-public in infrastructure. we need to upgrade our infrastructure. most people agree we have to deal with the excessive indebtedness and do something about student loans. >> yes. >> caller: a common element of agreement, but we are not moving on those, joe. >> there is common, and we're not doing any of that. we're doing some crazy stuff, you know, we got -- well, never mind, but we are focused on things that are not as important. we have -- what's your number for unfunded liabilities in the country? 100 trillion? >> caller: no. these are things we are not coming to grips with. >> how much is it? 100 if you take medicare and social security, that's not $100 trillion? >> caller: yes, but as much as i like to worry about the economy, don't forget the good things. there's a ton of cash on the sidelines, employed in productivity activities, that makes a huge difference. there are incredible innovations going from firm sector specific to being economist specific. you know, there's a lot of good in