[laughter] >> what is it like to write a book with steve forbes? >> a great learning experience like higher education. >> one of the themes we're talking about is the a moralism of capitalism. is that a component? >> that is the next book coming out the end of august. capitalism is moral because it is about meeting the real world needs of other people. the free-market transaction is a reciprocal exchange each% provides benefit to the other. george talks about it as each side is to the other. capitalism those who believe been big government see the free-market transaction that there is exploitation. each side gets benefits. that may not be ideal but otherwise it would not occur. that is what makes it a benefit to both sides it takes place between the government. >> host: what is your enthusiasm level for mitt romney? >> i think he will be a very good president. i think he gets it and is moving forward. >> you mentioned in new book coming out? >> three down manifesto. -- freedom manifesto. >> host: also co-written with steve forbes? >> guest: is just

welcome to forbes on fox and go with steve forbes and rick unger and elizabeth mcdonald and john. >> right or wrong policy for

steve forbes. welcome to the program. i think this is economic history 101.iden got it flat out wrong last night and you say? >> it was absolutely wrong. brian was not comparing himself to kennedy, he was talking about his tax proposals. the budget deficit went out and the american economy went up. the key thing is, let's forget about the government. they are a mess. what does it do for the american people and the economy? ryan was right on kennedy. he was right on reagan. stuart: you have taken part in republican high-level presidential debates. back in, what was it, 96 and 2000. you were in those debates. how do you judge biden's performance? >> the base of the party would love it did the most independent voters, the more and more they see, they will be put off by a snide, sneering sarcastic remarks. they have a lousy record and notes positive proposals for the future. ryan did. stuart: paul ryan, your judgment their? >> he did not get frustrated when the old guy tried to interrupt him. i think he held his own and did well. he did not let himself get fluste

>> how did you meet steve forbes? >> i imagine many years ago an event that i did when i was working at the university of southern california. one thing led to another. i moved back to new york. i'm actually from new york, and started working at "forbes" in the pr department. >> so elizabeth ames from their practical experience prior to working at "forbes," how do you inject that into how capitalism will save us? >> will basically i've learned a lot since "forbes." i learned a lot about markets and again i began as a journalist and i worked at "businessweek" many years ago as a journalist. but when i started to work as a notch for newer, i learned about the fact that you really need to have economic freedom to create jobs. and it's something i learned personally. if you're obviously just getting a paycheck can you really don't understand how government can affect a small business and job creation. and i experienced that firsthand. suppose one of the things that led me to think this is an useful idea for a book. >> ove

people who have done more than anyone to explain how capitalism are moral are steve forbes, author offreedom manifesto: why free markets are mal and big government suspect," and author brooks of the american enterprise institute. author, you made a video to expln the morality of free enterprise, viewed 100,000 times on youtube. before we talk about greed, let's play a part of the video. >> since 1970, the worst poverty in the world, the pcentage of the population that lives on a dollar or day or less is declined by 80%, 80%. there's been no achievement like that in humanistory. billions of people have been lifted out of poverty. it's the most amazing thing that humanity's ever accomplished. what hapned? was it the incredible success of the united nations? central planning or the international monetary fund or global foreign aid? of course not. it was globalization. it was free trade. it was entrepreneship. it was property rights. it was rule of law. in short, free enterprise saved those people. if we want more prosperity, and not just for us, but people all over the world who are poor

i don't think it is. >> well, let's bring in steve forbes, editor and chief of forbes media. i take it you're in opposition to ben bernanke. >> i think in the nation's service, he ought to resign year end, christmas present for the nation. this trashing of the u.s. dollar never works. weak money always means a weak recovery. this idea the fed can guide the economy stimulate the economy is absolutely false. there's never a time in history where you get a sustained recovery when you have a weak currency. history's against him. >> well, i was going to say, mr. forbes, what do you think is ultimately the end result of the financial depression we go through as savers and also our cost of living is significantly higher than what we're returning. isn't this setting us back even farther down the hill than what it's doing for us? >> what he's done for the first time in history with this massive buying of long-term securities is for first time in a long time we as a nation are consuming wealth rather than creating wealth. first, we're punishing savers, medium and small-sized businesses

lou: joining us now is steve forbes. president if he does not win reelection realizes he could be the pay czar? >> i think he will do is go on a lecture circuit. i would be glad to pay him of the to go out of the white house. >> >> this change to those deficits the fact is this president is in a tight race with governor romney it is not seem there is a clear winner. >> i think governor romney will win the numbers show the majority and they are better able to handle it that obama. even though we get little changes we still go 35 miles per hour when we should be going 70. people though the rest of the world is not right. the first abate mitt romney proved he can meet -- lead the country. lou: arguably he will change the history with that performance. what can be done by president romney to change the trajectory of this economy with more than a job creation machine? >> number one data piss-off the fiscal cliff. so we don't have a severe recession but simplify the tax code. fire ben bernanke to get somebody who realizes to c

welcome to forbes on fox and go with steve forbes and rick unger and elizabeth mcdonald and john. >> right or wrong policy for america? >> it is a doctor bleeding the patient. it will not cure the patient but make it worse. it takes resources and will cost jobs and every job created with that means two or fewer job private sector. that will not make the economy come back. >> rick, the new economic patriotism. does it mean i am unpatriotic if i don't agree with this. >> i don't think so. >> don't like patriotism with economic plan. >> if you are going to get behind the country you need to get behind some of the thing in the plan. most particularly i like the infrastructure part of the plan. i wish congress had taken it more seriously and i like to point out the same people who are concerned about the deficit and the impact on our children infrastructure is every bit as important. if we don't bring it up to speed it will hurt. >> john, do you think that building better school is going to change the education of our students. isn't it tougher standard and more competition. >> not one io

steve forbes will look closer at the number that is are recently release give us his thoughts on allf this, stay with us. [ male announcer ] when these come together, and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. for their "destination wedding." double miles you can "actually" use. but with those single mile travel cards... [ bridesmaid ] blacked out... but i'm a bridesmaid. oh! "x" marks the spot she'll never sit. but i bought a dress! a toast... ...to the capital one venture card. fly any airline, any flight, anytime. double miles you can actually use. what a coincidence? what's in your wallet? [ all screaming ] watch the elbows ladies. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had chan

i agree with steve forbes that foreign currency can is standard of value by which every imeerp europe has to guide the investment and decisions is like floating the hour so that people wouldn't have to work so many. one month you'd have the hour worth 50 minutes. the next is 70 minutes and you'd soon have an hour. the swats and insurance policy just to guide the economy. one of the things that happened over the last decade is that we've had a -- of fitness -- [inaudible] of we imper prize. and the reason for excess of phenomenon. the reason it's the wealthy and chi has migratedded to fitness. the currency is so unstable. so much money can be made in betting on the ups and downs of our currency and against foreign currencies inspect is a big danger today. a lot of people attack the chinese for manipulating the currency, but the chinese just want to keep the ciewrpt sei stable. that's all the chinese want to do. they to maintain the dplar as a starpt of value. it's us that are debauching the currency. the threat to the american dollar does to the come in bay shinning, they defend the do

steve forbes is here. house trying to win the war against terrorism or just add that [ owner ] i need to expand to meet the needs of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better. [ female announcer ] our wells fargo bankers are here to listen, offer guidance and provide you with options tailored to your business. we've loaned more money to small businesses than any other bank for ten years running. so come talk to us to see how we can help. wells fargo. together we'll go far. wells fargo. ♪ atmix of energies.ve the world needs a broader that's why we're supplying natural gas to generate cleaner electricity... that has around 50% fewer co2 emissions than coal. and it's also why, with our partner in brazil, shell is producing ethanol - a biofuel made from renewable sugarcane. >>a minute, mom! let's broaden the world's energy mix. let's go. then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever

connell: at here is steve forbes to give us his two cents or more. is this idea of a balanced approach as mr. dell said, bowls-simpson, something the ceos are endorsing. >> it depends on how you define the balance. raising tax rates, absolutely not. broaden the base into take-out preferences in the tax code and what they will find out if you will not be able to do this quickly. what i would suggest on the fiscal cliff goes: everything for 12 months and come january you can do this in a deliberate way with a new administration. what they will find is you can't have some preferences come to havyouhave to hit all of them if you're going to do any of them. you will see 1986 where they took all the tax out of the code, cut the top rate, that kind of thing would be very positive and that might even satisfy the ceos. connell: a lot of big names on the list. what would you have said? say what you think of this specific plan. not exactly? >> i would have said for radical tax plan and in terms of spending cuts the idea you can oblige congress spending cuts yea

. >> we asked publishing executive and one-time candidate for president steve forbes the best advicerehearsal, make the most of it. >> and make the most money in it. >> of course. he did okay. >> he made an awful lot of money, that's right. steve forbes, well-known for his views on taxes and making and keeping the money that you make. >> interesting he did not push for the flat tax. best advice did not include a flat tax. >> i'm sure if we have him back he'll spend a whole lot of time talking about the flat tax. >> i just like his advice. >> that is all for "early start." i'm john berman. >> and i'm zoraida sambolin. "starting point" with soledad o'brien starts right now. >>> morning, our starting point this morning trading wit. president obama and mitt romney were back in the same room after their fiery debate this week, this time around, though, it was much lighter. >> everyone please take your seats. otherwise, clint eastwood will yell at them. >> it's nice to finally relax and wear what ann and i wear around the house. >> also this morning, inside the exit. former goldman sachs e

one is the jack welch side, the steve forbes, the people who are promulgating this conspiracy.who are serious economists. you talk to jared bernstein on the left. but douglashall john mccain's former policy adviser says the same thing in a story this morning. elaine child the former george w. bush's labor secretary said the same thing. so serious republicans who understand that these are two totally different surveys, they sort of understand the process and the way bls works there's not really a conspiracy here. >> can i ask you? you've been around d.c. for a long time. has anyone ever questioned this number, any reason to be suspicious of the integrity of it? >> i don't think so. you heard what jared said earlier. you heard what all the other folks say. i love that little line that jared had that they don't let the jan tors take out the garbage until after the numbers are released. it's funny. remember last month when the rather weak unemployment numbers came out, president obama knew them, knew what the numbers would be when he was giving a speech at the democratic convention

steve forbes or ran for president as a republican. he says north carolina has the third best business rating. we are above south carolina. we want to do better and we need to do better. a lot of our economy is the trade policy and the credit policy from the federal government eight years ago. on the $3 billion, he is wrong on that and the fact check will show he is wrong. we spent $800 million for hurricane floyd to help the rocky mount audience that is out there today. on education, in today's world, we are not going to out recruit any state or country unless we out educate them. it is a knowledge-based economy and we have to invest in education. the cuts that he supported and will rubber-stamp should he be governor have not helped at all. we have to invest in education and i have a specific plan that does that. this tracking system defines a 15-year-old career before the 15-year-old has defined him or herself. that is not right. i put the money back in that early childhood program. i'm happy to have governor hunt's endorsement. we n

steve forbes will be here at the nasdaq to explain why a romney victory will be good for the markets. we'll be raining on the cloud. the latest from f-5 networks, poor results there. and the ceo of toys r us will be here to give us that warm holiday trading. we'll be live on "fast money." >> all right, simon. we'll be there. another batch of key economic reports d reports due out tomorrow. we'll tell you which ones to watch for. stay with us. mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. >>> all right. welcome back. 30 seconds on the clock. our next guest will tell us what they think will move the marke

steve forbes or ran for president as a republican. he says north carolina has the third best business rating. we are above south carolina. we want to do better and we need to do better. a lot of our economy is the trade policy and the credit policy from the federal government eight years ago. on the $3 billion, he is wrong on that and the fact check will show he is wrong. we spent $800 million for hurricane floyd to help the rocky mount audience that is out there today. on education, in today's world, we are not going to out recruit any state or country unless we out educate them. it is a knowledge-based economy and we have to invest in education. the cuts that he supported and will rubber-stamp should he be governor have not helped at all. we have to invest in education and i have a specific plan that does that. this tracking system defines a 15-year-old career before the 15-year-old has defined him or herself. that is not right. i put the money back in that early childhood program. i'm happy to have governor hunt's endorsement. we n

. >> we had steve forbes on last night. he danced around the possibility of a gold standard. and i'd probably put that at maybe 10% maybe, but do you even model for that at the company in terms of potential hedging strategies going forward or is that something you don't even think about? >> well, i certainly think about it and i listen to the discussion and the debate. i would likewise put it at a pretty low probability. so it's not something at the company that we are taking any action with respect to -- certainly it would be extremely positive for gold. but the likelihood is probably pretty slim. >> it's karen. let me ask you, is there ever a big enough disconnect that would make you short the etf to buy your own stock? just a giant arbitrage. >> that's something i never thought about. no. i think, you know, we -- our business and our focus is on producing ounces as efficiently as we can, meeting our numbers, maintaining our low cash cost, building new mines, and over time we've generated quite a bit of value for shareholders doing that. the market will do what it's going t

steve forbes follows up and says welch is right. does governor romney put any stock in those theories and have any suspicions at all about the bls numbers? >> george, the numbers themselves are very damning. when you look at it, we had fewer jobs created in september than were created in august, fewer jobs created in august than were created in july. our unemployment rate has come down because for -- since president obama took office for every new job created more than six workers have left the labor force. if labor force participation was what it was when the president took office, unemployment would be around 10.7%. these jobs that were added in september were largely part-time jobs. so we still have 23 million american, that number has not changed at all, would are either unemployed or out of work entirely or are underemployed working or out of the workforce entirely or underemployed working part time instead of full time or not in a job commensurate with their skills, half of the college students coming out of, you know, with de

we look at jack kemp, steve forbes in 1996.more possible that bob dole might lose of the other candidates got heard from. back to the last election, mccarthy got his anti-war campaign up and running because a bunch of people gave him $10 million. did that drown people out or make people heard? rñ?ñ?ñ you wrote about was that george soros swore he would not donate to super pacs and he did. what precedent is this setting? >> the democrats have said recently be are against outside money but if we are not going to play in the sandbox, we might as well take our toys and go home. they feel like if they do not do it, they will be at a disadvantage. their problem you do not have these nonprofits on the democrats' side spending as much on the conservative side. i would return to the point that it is a small percentage of money. in some races, more than half the money is traced back to the groups we do not know whether donors are. that matters a lot. obama will spend almost more than all of these groups. maybe people should turn off thei

we will be talking with her co-author, steve forbes as well about this book. .. >> so i'm very excited to have the event today on science, called science left behind on alex's great book. but before we start if i seem a little fuzzy, you've seen the commercials that go something like this, when you pay too much for cable, you throw things, when you throw things, people think you have anger issues. when your schedule clears up, you grow a scraggly beard, and when you start taking in stray animals, you can't stop taking in stray animals, don't pay too much for cable. [laughter] i have my own version. your doctor insists you have a checkup. he insists you have the flu shot and a tetanus booster. you wake up the next day feeling you've been beaten by a grill la with a -- gorilla with a baseball bat. i haven't yet wandered out into the street. if i seem to be heading that way, please, stop me. so today's event, there's been a battle going on for some time now in dueling books and sharp exchanges on the internet and the blogosphere over whether or not one side of the political spectrum is mo

steve forbes, former gop presidential candidate, berkeley man himself, retweeted it and said, jack isd then there was this entire universe. i joked about it. you're out of your mind if you don't think these numbers were cooked. yesterday jack welch went on my colleague "chris matthews show" and this is what transpired. >> you put out the word here, unbelievable jobs numbers, fair enough. these chicago guys will do anything so they change the numbers. what evidence do you have that they got to the bos? the chicago guys got to the bureau of labor statistics and jimmied these numbers by .3%. >> i have no evidence, i just raised the question. >> you came out and asserted not a question mark or talked about a coincidence, you said these chicago guys will do anything so they change the numbers. do you want to take that back? jimmying with these numbers. there was corruption here, infiltration, getting to the -- it's not funny, jack. you're talking about the president of the united states playing with the bureau of labor statistics numbers. this is nixon stuff. >> chris, don't lose it now. >

he's been chimed in this morning by steve forbes, also said these have been fixed numbers. they intended for them to go down precisely under 8% before the election started. this is some crazy stuff going on on the right here. that might generate enough interest to make the debate -- >> i just want to -- just in case anyone has been sleeping under a rock on friday or something. i just wanted to show what jack welch's response was, it was a tweeted response that got picked up in the news where he basically said that the u.s. bureau of labor statistics apparently in conjunction with the chicago machine, right, the chicago guys will do anything. you can't debate, so you change the numbers. that's the idea, that that's what happened here, that these numbers aren't real. >> i was astonished when i first heard that, considering he used to be the head of this whole network and everyone -- >> shhh. >> that's amazing. the other thing is, that these jobs numbers, they destroy their big talking point of the republicans over the last eight, nine months that unemployment has not been bel

steve forbes. and 96. bd drown out voters? no. emits been his own money which is all you can do at that time on his own campaign, made it more possible that bob dole might lose a other gop candidates in that race got heard from everybody. we go way back to the last election before the passage of the federal election campaign act 1968. did not drown people out or did that make people hurt? i think what you find it makes people heard. >> clearly no list is agreement on the panel, i do want to go back to you, kim, because you been looking at tracking the money. in addition to these questions of how much influence individuals have, there's also questions of what the state of play is. one of the things i was interested in, this came something you wrote about, nick, george soros said, he swore the the bible or virtual bible that he wouldn't donate to super pac, and he decided to. so what do you think is changing, can come in the game right now terms of this election and setting precedent for super elections about elections get funded sp

i like the old steve forbes. i think we should go to a flat tax.rate. if you make ten times more money than i do, you pay ten times more tax. not 100 times. the evidence showsf you want to create growth and opportunity, a lot of politicians in washington want a tax system that makes the rich poor. we want a tax system that makes the poor rich and provides opportunity for everyone. that's -- did that's what the book is. the good news is, no matter what people say about the american dream being dead, it is not dead. we show in this book the evidence that this is still a society where anyone can get ahead. >> gretchen: good to know. steven moore, optimistic approach. good luck with the book. >> thanks. >> gretchen: coming up next, you just heard from congressman jason chaffetz on the white house turned down extra security for the americans who were murdered in libya. up next, senator john mccain is going to weigh in. >> steve: and oh, boy. a host faints on live tv. that's the most shocking part. wait until you see what the guy standing next to her did

steve forbes and 1996. did he drowned out of voters? no. he spent his own money, made it more possible that bob dole might lose so that other gop candidates got heard from. and go way back to the last election before the federal campaign act, 1968. a bunch of people went in and give him $12 million. nothing rich people heard. >> and a lack of disagreement on this panel. i do want to go back to you kim barker. you have been looking at tracking of the money. in addition to these questions of a how much influence individuals have, there are questions of what the state of play is. one of the things i was interested and it came from something to said, george said that he would not donate to a super pac and he decided to. what you think is changing in the game right now in terms of this election? and setting precedents for future elections? >>. democrats have pretty much that that originally we were against outside spending, super pacs, but at we are not going to play in the sandbox we might as well take our toys and go home. they feel like they

you talked about business ratings, i want to go back in a minute because steve forbes ran for presidentthird best business rating, ceo number two, site selection in top five, above south carolina in every one of those. we need to do better. a lot of the economy is that trade policy and the credit policy from the federal government eight years ago, but i say, again, again on the 3,000, he's wrong on that, and the fact check shows that, money for hurricane floyd, a lot to help the rocky mountain audience today. in education, in today's world, we're not recruiting any other state or country unless we out educate them. it's a knowledge-based economy, and we have to invest in education. i'll tell you the cuts that he supported that he'll rubber stamp, if governor, have not helped at all. we have to invest in education. i have a specific plan that does that. his tracking system defines a 15-year-old career before that 15-year-old has defined him or leers. -- herself. that's not right. i invest in the education, put the money in smart start, happy to have governor hunts' endorsement. he was up

we go back further and look at jack kemp -- steve forbes, that is who i'm trying to come up with. did he drown out voters? know he made spending his own money on his own campaign, made more possible that bob dole might clue so other gop candidates in that race had heard from everybody. we go back to the last election for the passage of the federal election campaign act in 1968. a bunch of people went in and gave him 10 million bucks which you can't do now. did that drown people out of did that make people heard? i think it makes people her. >> clearly, i do want to go back to you cam because you have been looking at you now tracking the money and in addition to these questions of how much influence individuals have there is also a question of you know what the state play is. one of the things i was interested in was that george soros, he sworn the bible or the virtual bible that he wouldn't donate to a super pac so what do you think is changing in the game right now in terms of this election and setting precedence for future elections and how elections get under? >> the democrats

looking forward to live coverage on monday, steve forbes, talking about the role of government and free-market. he is co-author of the book "freedom manifesto." that is live from the heritage foundation to more eastern. president obama will campaign with former president bill clinton tomorrow in youngstown, ohio. the rally begins at 5:30 eastern. u.s. ambassadors to kuwait and somalia discuss conflict zones in light of the attacks in libya and egypt. that is live tomorrow beginning at 7:30 p.m. eastern. >> one of 10,000 homes that they are trying to get done in the next four years. in that term, these are houses that are never coming back. >> there is one family every 20 minutes moving out. >> these houses are disappearing from the landscape. >> recently, 164 firefighters were laid off as part of this downsizing, as part of this effort for the mayor to get the finances under control in the city. firefighters, which detroit needs -- i think it must have the highest case of arson in the country -- these guys are laid off. two weeks later, miraculously, 100 more are hired. when you look where it