i love steve forbes, one of my heroes of all time. you want the whole platform, the whole campaign to be laid out there now. larry, you wanted it a couple months ago. >> i want market competition, clarity, free market competition which is the best path to health care prosperity. i'm not giving up, vin weber and neither is steve forbes. >> governor romney has the most detailed economic program any candidate for president has put out at that stage. he'll put out more as we get closer. you're going to like it and he'll get elected. >> what i want to know from your side of the aisle is will president obama just start bashing the supreme court? in other words he has the nixon enemies list. is the supreme court going to stay on that list? negativism? bash the supremes? system i don't think there is an enemies list. i think mitt romney's biggest enemy is mitt romney's health care plan which was the foundation for the obama health care plan. >> oh, geez. >> what's going to happen with that? interesting point. i was waiting for you to raise th

we have steve forbes and tony frato, former bush 43 white house deputy press secretary. steve, want to start with you. we have not seen any improvement in the european story. the rest of the world economy is looking lousy. we may be in a recession and we don't know it. the worst part is as mr. obama dispenses advice at the g-20 his own economic story, his own numbers, jobs in retail stores and factories are going south. what kind of clout is he going to have? >> very little clout, larry, because he has nothing new to say. we have no success story here at home. europe is following policies in the early 1930s. that's austerity. they cut back the government a little bit. a massive increase on the private sector and on consumers. italy raising real estate taxes. spain 52% tax rate top incomes. you wonder why the economies spiral downward. when you practice 1930s austerity why listen to barack obama? >> what's your reaction to that? in some sense the imf looks like it's in the driver's seat. i can smell a skunk. they're saying, cut spending, raise the value-added tax. i don't

. >> steve forbes. you are not too soft on critizing vice-president biden. >> the bottom line, the states and musnis palities where you will get blow ups in terps of bankruptcy, david has to do with benefits and health care benefits and we have op-ended and no cost at all . don't fund pension fund and allows abuse of overtime and benefits and double dipping and triple dipping and things spin out of the control. bottom line, it is not the task or begridge them will to do that. but you don't overpay and abuse the taxpayer. >> how do you deal with contracts that simply can't be met. it made promises that couldn't be fulfilled and how do you deal with those contracts. it is clearly a problem. you run into all sorts of crazy legal issues. contracts are contracts and we have an obligation to honor the contracts. john, i hope you never have a fire at your house and i mean that. you can't vilify the guys who are doing an important job. it is a discussion that needs to be had about how we pay these people and th

for our special series leading up to father's day is forbes media chairman and editor in chief steve forbess the president and publisher of forbes business. and welcome to both of you. >> thank you. >> thank you. >> it's great to have you two here today. i want to talk about "forbes." but before we talk about your business rs steve, i'm hoping we can get your thoughts on this spanish bailout and what it means for the markets in the near term. >> near term, it will give them a boost. but the question is will spain follow through on structuredal reforms? one of the things the germans have not gotten right in this whole thing is you have to have pro-growth policies to get these economies back on their feet. so spain's put in tax increases. they're piling tax increases on greece, portugal. it does not work. they tried that in the early '30s. it fails. so it buys time, but the time, sadly, i think, is going to be frittered away. >> you think it's the austerity measures are that responsible for that? like they really need to turn those things around and give these countries time to grow? >> it's

sidelines are back reengaging and our economy is going at more than two times the national average, steve forbes named us the best state in the union and our economic outlook is good. it's not a zero sum game. i believe if ever state does what we're doing and what you're going to hear today, we all will have what i call the rising tide of economic expansion which races all boats on the pond. and it's a step we need to take to lead. >> the timing of nebraska getting down to 3.9% unemployment coincides with the cornhuskers going into the big ten. so that was a key reason for -- i didn't say who was smiling at the end of the game. we hope you're just -- not with the same reaction. i also want to echo to begin with, i think attitude is very much a part of that. i remember a year and a half ago in january 2011. every time you come into the state of wisconsin, one of our major highways, there's a big sign in the shape of the state of wisconsin that says wisconsin welcomes you. an historically, under the sign, there was a shingle with the name of the governor. when i came in last year, i replaced the s

those who are buying these for pennies on the dollar when i was in athens last time i talked to steve forbes he was there negotiating a vibe for the international chamber of commerce assets for pennies on the dollar their global elite law of when these crashes occur they can buy all these assets whether it's the all the assets in ireland all the assets in grace all across europe and around the world they love these catastrophes you know as somebody described it naomi klein it's disaster capitalism the austerity measures are the result of debts that are being imposed upon the population and debts that they did not incur and i'm very sorry to see the people of wisconsin there of came very close to throwing out that bomb paul walker but they balked at this at the last minute same thing in ireland they almost voted against a treaty which would have crashed the euro and help their exports it would have been economically a a boon if they voted no but they at the last minute they chickened out again but people in greece are on the threshold of a revolution but you know they don't seem to get it tog

joining us the ceo of forbes media steve forbes who always has great insight.>> good to be with you, shann n shannon. >> shannon: how much is at stake and what happens if greece no longer uses the euro? >> a messy thing. it will have an impact on sean and other countries like italy that are in trouble. people figure if they let greece a small country go down who know hass is going to happen next. one of the two major parties in the election thinks at the end of the day germany is going to come through no matter what greece does and write another big check. i'm not sure grandma merkel will be in a mood to do that. the sketch the policies pursued by the germans and the local governments are both wrong in that they all focus on massive austerity for the private sector. it is one thing to cut back o n the public sector but quite another when you make it impossible for ente entrepreneo rise again to get the country back on their feet. >> shannon: is there a way to stablize the euro? >> one is don't print so much euros. let's pretend that illinois defaulted on its bo

bush wouldn't like these ideas or steve forbes would like these ideas. >> a couple quick personal questions. how long have you and your husband been married? >> 12 years. >> do you have children? >> no. >> are you ever going to get into politics in? >> no. i think we can pretty safely say that. >> what did you think of this process of writing your first book? >> it was the most difficult thing i have done and the most fun thing i have done. >> are you going do another one? >> undoubtedly. i'm not sure what it will be on. i have several ideas. >> here's the book. it is called "the future and its enemies". the sort of inside look at how they managed a tea party and is. there are some great lines that i've heard and articles on the book that show just how crazy it can get in there with a lot of people put in by the tea party who argued we are controlling the way that the house is running, even though they are freshmen. there is one line that i have right here. apparently in a meeting, boehner told people to get in line and i think this congress has been so polarizing and so ineffective that a

and people like steve forbs and also phil gramm might become president one day. >> what are the intangibles. >> the one thing that was the nature of the recall, when you dig down into the exit polls, there is a big concern by wisconsin voters that recall went too far. 60% said that a recall should only be when there was official misconduct. and another 10% said that recalls should never end up occurring. so that was a big hurdle or organized labor and for tom barrett. not o only did they have to say, look, i'm better than this guy, but you need to fire scott walker two years before he is up for reelection in 2014. >> let's talk exit polls. which i know is a favorite pastime. short of like checking the baseball scores in the political business. where do the exit polls stand in the respect and esteem considering the embarrassing, i dare say humiliating estimation or failure to include the absentee ballot, massively in walker's favor, but not reflected in any of the exit polls? >>ian, dylan, this isn't the only time that exit polls are an issue. you have to take them with a grain of salt, part

billion dollars on it is, what about the fact that somebody wanted, i don't know, this year's steve forbes or this years ross perot, or dishes, i i don't know, somebody to be competitive, why not find one of america's billionaires, so you're one of these guys are worth seven or $8 billion, write a check, now it is a three-way race. not by virtue of any campaign but my purely out of interest of one billionaires interest. we've always would about money and politics, but never worried about it like this. so i think that we are in a position right now that is a very, very hard, i hard environment for political reform because the corrosion are mostly came through supreme court decisions, and you don't appeal supreme court decisions. what you're talking to a note to fix this, i think, and i don't say this lightly, it is by the anonymity the american constitution. and that's a really big undertaking. [applause] >> so, you know, i think we're a long way off from fixing it as they continue to strike down state efforts to even regulate at the state level it will be hard to even set a good example ar

steve forbes, chairman and editor-in-chief of forbes media. welcome back. options, the law stands, the law is thrown out or a part of the law is thrown out. what do you believe the law right now is doing to american businesses as they await what happens here? >> well, what it's done it creates huge amounts of uncertainty about future costs of hiring people which is one reason why this recovery has been sluggish. the bill itself has massive amounts of new bureaucracy, huge costs, which will lead i think to millions of workers losing their employer health insurance because of the high costs. and i think that's one of the things that the obama administration wouldn't mind. they want more people on government health care programs. so this will be part of a process to get rid of the uncertainty. and i think the sooner the decision comes the better. bill: you know you wonder -- >> something better in its place. bill: you wonder, steve, no matter what they say there will be a period of indecision because you have an election in five months. >> yes. bill: if mitt r

we are at the point where we should say let's have tax reform and steve forbes has been an advocate, let's have a flatter rate and get rid of special provisions. the last caller said it is so complex that he cannot do his own taxes. we could get most americans do it on a postcard if you clean up the tax code. the other point on permits and why would anyone to business here, we are still a vast market. we are a smart market. we are a leading market. so, the opportunity is great, but we are continually burdening. there is a role user fees. -- plate. we have seen that people are getting a benefit, and maybe they should pay more for that, but we have become creative to the point where there is a debate raging where they want to put a fee on the device in the car that allows the car to go through the toll roads, the ez pass, and everywhere you look around people are trying to come up with a new fee. host: about the housing market, this is from guest: they do supply the cement workers and the people that make steel and build a road graders. economic activity has different consequences, and

stewart varney, neil cavuto, steve forbes will analyze. house republicans demanding answers.at the top of the hour our cloud is not soft and fluffy. our cloud is made of bedrock. concrete. and steel. our cloud is the smartest brains combating the latest security threats. it spans oceans, stretches continents. and is scalable as far as the mind can see. our cloud is the cloud other clouds look up to. welcome to the uppernet. verizon. >> gretchen: are you ready for some def leppard? how about "pour some sugar on me"! take it away, guys. ♪ love is like a bomb, baby, a bomb, bomb ♪ ♪ bomb, a bomb, a bomb ♪ love is like a bomb, a bomb, a bomb, a bomb ♪ ♪ here we go ♪ ♪ love is like a bomb baby ♪ come on get it on note note living like a lover with a radar phone ♪ ♪ looking like a tramp, like a video vamp ♪ ♪ demolition woman can i be your man ♪ ♪ razzle and a dazzle in a flash a little light ♪ ♪ television lover, baby, go all night ♪ ♪ sometime, any time, sugar me sweet ♪ ♪ little miss innocent sugar me, yeah ♪ ♪ yeah ♪ come on ♪ take a bottle shot shot shake it up ♪ ♪ break the b

steve forbes indicated that he thinks $2 trillion of a venture- capital is sitting on the sidelines because of uncertainty. not knowing what the rules, they will sit back until they get some certainty and know what the rules are so that they can decide how to invest their moneys. --l give you an example scott just mentioned about the affordable care act. we have a lot of medical device companies in the state of utah. we export them around america and around the world. our export business has grown by 40%. this is the nature of the global marketplace. with the affordable care at, there is a medical device tax embedded in the program. it says we will tax you on but says that we will tax you on the revenue. that will stifle the research and development of new devices. this will cause companies like life sciences or companies in you talk to say, we need to go outside of america to do our research and development and manufacture our medical devices. that is a part that should be repealed, regardless of what happens with the affordable care act. that needs to be repealed. that is stifling innovat

steve forbes, "forbes" magazine named as the best state in america. economic outlook is good. these are basic principles that we all embrace in the states, it's not a zero-sum game. i believe if every state does what we are doing, what you will hear today, we will all have what i call the rising tide of economic expansion, which raises all boats on the part. i do believe the states are the ones that will lead. thank you. >> governor walker. >> i should note, i think the timing of nebraska getting down to 3.9% unemployment coincide with when the cornhuskers went into the big ten's i think that was a key reason for that. [laughter] spent you want to tell them what happened speak was the first game -- i didn't say who won the game but i was smiling at the end of the game. we hope you're just as great a host this year, hopefully not with the same reaction. but i also want to echo to begin with what both the other said. i think attitude is very much a part of the. i remember a year and half ago in january 2011, every time you come into the state of wisconsin, one of our major highw

forbes from virginia. thank you very much. >> thank you, steve. >> great to have you here in new york. >> straight ahead onfriday morning, nancy pelosi said she could have thrown karl rove in a capital jail on any given day. we decided to find out more about that jail but what we found out was even more interesting. we are live in the u.s. capital with the story coming up next. plus -- next time you fly air canada, your plane could be running on recycled cooking oil. smells like french fries in the skies! [ gnome ] enjoying your holiday? ooo no. the hotel lost our reservation. nonsense! you book at travelocity, your reservation's guaranteed. well, i did not book with travelocity, okay?!? [ female announcer ] get the travelocity guarantee any way you book, including our new app. you'll never roam alone. you get a 50% annual bonus. and everyone likes 50% more cash -- well, except her. no! but, i'm about to change that. ♪ every little baby wants 50% more cash... ♪ phhht! fine, you try. [ strings breaking, wood splintering ] ha ha. [ male announcer ] the capital one cash rewards card. the card for people who w

forbes. good morning to you. >> good morning. >> steve: we all think that washington, d.c. spends too much. be lost if these cuts go through? >> steve, it's no question, we have to set our priorities. national defense should be one of those priorities. we've seen this administration have so many policies that have cost us jobs. this is going to be the culmination of all of them. even by their own admission, the secretary of defense says it will cost 1.5 million jobs. we just had a study from the manufacturers association that says it will cost over a million jobs. that's going to be devastating to an economy that's already on the ropes. we've got to do something to stop it. the house passed legislation that would stop it. the president said he's not going to do anything. the majority leader in the senate said he's not going to do anything. and this is going to be a huge economic concern. >> steve: of course, it is going to kick in after the election. i mean, if most people knew, we're talking about losing a million jobs, they'd say, we're not for that. what congressman can be done at this p