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tv   Forbes on FOX  FOX Business  July 6, 2014 9:00am-9:31am EDT

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fervor. that last one i would be careful. >> you look great. wherever you are does you well. >> thank you very much. >> i h h h h h h h h h h his be. not the stock so much. >> jobs up as jobless benefits go down. the june employment report a big winner. the trend is definitely higher and it is happening as this trend is lower. some here say that is no coincidence. are they right? hi, everyone. happy july 4 weekend. let's go with mr. steve forbes, john tandy, elizabeth, rick, and bruce. john, is this a coincidence that the unemployment benefits go down just as job growth goes up?
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>> no, there is a very obvious correlation. incentives matter. if you know you're going to get a check from the government whether you're working or not, there is lesds incentive to go out and look for a job. unemployment benefits make it more expensive for businesses to hire you. the correlation is very clear. this is a positive step. >> and bruce, there is a colleague of yours because he lives in chicago. wrote a piece in the wall street journal talking about how a lot of recruiters were complaining when the unemployment benefits were going strong, people would apply for jobs not with the intention of accepting them but to demonstrate to the unemployment office that they were looking for work.
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>> i guess i would have to disagree with that because i think people want to work. i think when people do find a job they can't take unemployment benefits any more. i think one of the bad things in this report is that wages are not rising, which also may show that people are taking jobs that are of a lower wage, which proves once again that they want to work. they don't want to be on these benefits. >> there was another negative. the labor pool is just as small as it was before. >> do they help or hurt the number? >> obviously they hurt too long. i think another factor is at work here david and that is finally banks are starting to lend again.
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no new taxes on the federal level. and bank lending, huge job incentive leader. >> when you were insent vised not to look for work because sometimes you don't make that much more than you would sitting al home. >> except you do. let's be honest. there will always be a few bad apples who really don't want to work and they show up to collect unemployment. that's a very small number of people. people not only want to work but if you understand how small an unemployment check is, it doesn't go very far. the trick is to create jobs that will put them in there. i don't think we can drop that back. >> it's true that unemployment checks are not that much but you add up all the unemployment benefits that have been offered by the government and it does add up.
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>> more people went on food stamps and disability and welfare. there's a trade off there when you cut benefits. >> there is literally a washington employee going out and trying to sell things like food stamps. people accept it because it's free. when i look at the report, the thing that struck me were two different numbers. those are people who are working part time but want full-time work. to me that says that's the real problem. we have a lot of people who want better work but they simply can't get it and employers are not adding hours.
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>> business investment has been lagging, innovation has been lagging. when you have an uncertain dollar you have rising taxes and you don't know what it will cost to hire somebody. >> there is also another negative incentive. >> it is easier for companies to fire people. now the government takes care of that.
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>> they are putting up barriers that would lead to job creation. >> and the tone coming out of government is so bad how did he do it? optimism is the fourth multiplier. >> we just had the president on friday in an interview saying, and i am quoting the president saying we have to continue to see how we can rebalance the
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economy sensibly. so he is continuing to talk about the government. >> right. he is completely misguided. a practical solution. right? >> the bigger problem is i think this is right. we all want to help people who are in need right now. it is the government's way of helping creating more of a problem. we should help people but these mortgage programs and the food stamp programs. >> let me speak out for gridl k gridlock. the fact that the democrats who come in can't agree on anything means that certain programs do expire. we see the economy improving.
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the -- the more the economy will recover on its own. >> i'm not so sure about that. >> the figures seem to indicate that. >> it is going to recover on its own but i think it will recover a lot quicker. >> john said david is right. go ahead. >> that's two times in two weeks that tammy has agreed with me. the negativity that the government and the citizens have displayed is a big part of what has kept this economy down. >> let washington state go. >> i'm with you.
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all right. coming up next, we saw how another costly legal battle over obama care ended this week. is it time to set all americans free by ending health coverage free by ending health coverage as we kno when folks think about what they get from alaska, free by ending health coverage as we kno they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. to build something smarter.
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♪ some come here to build something stronger. others come to build something faster... something safer... something greener. something the whole world can share. people come to boeing to do many different things. but it's always about the very thing we do best. ♪
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but it's always about the very thing we do best. [ shutter clicks ]
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hi there! [ laughs ] i'm flo! i know! i'm going to get you your rental car. this is so ridiculous. we're going to manage your entire repair process from paperwork to pickup, okay, little tiny baby? your car is ready, and your repairs are guaranteed for as long as you own it. the progressive service center -- a real place, where we really manage your claim from start to finish. really. ♪ easy as easy can be bye! large. i will see you back here at 1:00 p.m. now back to forbes on fox. >> you get the gang thinking. as it celebrates the
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independent, why not set all americans free. why not go independent? >> i'm with you. we want more americans to have control over their health care cost. the best way is to allow them to have more owner ship. really what it does is put in the importance that we give people more ownership over their health care dollars and that obama care is the wrong direction for the country. >> here it might come as a surprise to you. obama care and exchange approach
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where people buy coverage unexchange. people are saying go buy your own health care. you may disagree with the government subsidy but private employers are saying here is a chunk of money, go buy your own health care. >> bruce, i love you. you set the table for debate so neatly. >> they're not going go back to where they were before. what is going to evolve and just don't get sick for the next three years is a system for the first time where patients are in charge. that means true catastrophic health insurance. that means cheaper insurance,
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nationwide coverage. you will see the delivery system change for all of health care. there is so much about obama care that works against independence. you can't deduct as much. there is a whole host of issues that moves away from independence. now that everybody can get insurance, remember it was not that long ago. the only way you could get it was through a company employment plan. there is one big problem we have to tackle. company has a bargaining power of a lot of participants. when you're on your own you're on your own.
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>> a whole host of ways where we become more dependent now. >> obamacare is trying to decouple employment and shoourns but they are going about it all the wrong way. the government was mandating these excessively high types of contraception. hobby lobby was covering 16 of the 20 mandated coverage. why not let the consumer buy the four? >> they will have the freedom to do that. the idea that there is no access to contraception is ridiculous. there were only four out of 20
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forms of contraception that hobby lobby decided that they could not get behind but their employees could go out and get those if they insisted. >> of course they can. i think future history books will marvel at the idea that we put guilty in control of health care. the idea that capitalism can't provide us with health care is laughable. most people get it. >> sabrina, at least hobby lobby won't be forced to subsidize forcing people to do what they may not want to do. >> david, i think one of the
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problems is that the supporters on the right and critics on the left have made this a conversation about birth control rather than about health care. we want employers and employees to be able to negotiate freely. we want them to be able to decide if they want more salary, take home pay or stronger benefit package. we want that freedom in the workplace. this rulely is a step in that direction. >> shouldn't that be individual? we are headed that way and that's what i'm talking about the private exchanges. increasingly employers and a lot of people have said it. employers are wanting to get out from under health care. so they are raising deductibles, co-pays -- >> the whole system is preposterous. all it does is prepay next
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year's expenses. >> the real insurance market people go for catastrophic insurance. everyone would come out ahead and find a new line of business. >> sounds too sensible right now. it wasn't just obama care. why the supreme smack down on unions this week could be a boone for all u.s. workers. coming up first on forbes on fox, caught on camera. a trucker turning the tables on a cop he says was speeding while talking on his cell phone. why what happens next could show us how to make our roads safer. >> so you honked at me because you believed i was speeding? you believed i was speeding? >> becau i had no idea i had shingles.
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there was like an eruption on my skin. red and puffy and itchy and burning. i'd lift my arm and the pain back here was excruciating. i couldn't lift my arms to drum or to dance. when i was drumming and moving my rib cage and my arms like this it hurt across here. when i went to the doctor and said what's happening to me his first question was "did you have chickenpox?" i didn't even really know what shingles was. i thought it was something that, you know, old people got. i didn't want to have clothes on. i didn't want to have clothes off. if someone asked me "let's go dancing"
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and prevents gum irritation. that's why i always choose the fastest intern.r slow. the fastest printer. the fastest lunch. turkey club. the fastest pencil sharpener. the fastest elevator. the fastest speed dial. the fastest office plant. so why wouldn't i choose the fastest wifi? i would. switch to comcast business internet
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and get the fastest wifi included. comcast business. built for business. >> now as you hit the highways, remember this, no one is above the law including one highway patrolman who found that out when a trucker honked at the patrolman for talking on his cell phone while speeding. >> i pulled you over for the horn. i don't know what that was about. >> because you were speeding and had your cell phone in your hand. >> the cell phone -- police officers can use technology while we are driving. >> so you are above the law? >> we're exempt. >> by the way you are being recorded. >> you are, too. >> i didn't write a ticket. i didn't want to hurt your record. you're trying to help me drive safely. i understand that. >> did you catch that turn around? when caught on tape the policeman had to admit what he
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was doing wrong and perhaps learn to drive more safely. you say the lesson is that all cars should have cameras? >> that turn around there, yes, everyone should be accountable including bullies in law enforcement. listen, cameras on subways and shopping malls, all sorts of places. i was in england. they caught on camera a woman reading behind the wheel of a car. >> this could save people's lives? >> even if it were to save people's lives, i do not want to live in a society where we're spying on each other like this. >> that's fine. >> guess what? you already are. >> give consumers the choice. if i want a sunroof, if i want heated seats, if i want a camera, give it to me. it would help with insurance claims as well. >> and look at the turn around. at first he tried to get away with it. when he knew he was being
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recorded he came back all nice. >> i think that's terrific. the guy was a jerk. i don't want all of us to become junior g men. >> cameras or not? >> no. i don't want to be on a constant reality show and i don't want former mayor bloomberg to see if i have a big gulp or not. >> coming up, how would you like to make money and invest in america at the same i'm m-a-r-y and i have copd. i'm j-e-f-f and i have copd. i'm l-i-s-a and i have copd, but i don't want my breathing problems to get in the way
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of hosting my book club. that's why i asked my doctor about b-r-e-o. once-daily breo ellipta helps increase airflow from the lungs for a full 24 hours. and breo helps reduce symptom flare-ups that last several days and require oral steroids, antibiotics, or hospital stay. breo is not for asthma. breo contains a type of medicine that increases risk of death in people with asthma. it is not known if this risk is increased in copd. breo won't replace rescue inhalers for sudden copd symptoms and should not be used more than once a day. breo may increase your risk of pneumonia, thrush, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking breo. ask your doctor about b-r-e-o for copd. first prescription free at
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>> the collection of stocks here? >> that's right. this is the lgs risk adjusted fund. it's based on goldman sachs index. a great run. >> and they're all american? >> a lot of them. >> you like this collection of stocks? >> i like low fee investments. >> low fee. sounds good. target corporation? there's an all american stock. >> they have had well publicize aisles is to be amaze d. >> i want a good ecommerce strategy. >> some people call it tar-jay. >> and a wonderful book called
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skirting heresy. about a real religious hero. itread. thanks for watching and have a wonderful holiday weekend. >> it's the fire storm after the fourth of july fire works with all the problems here at home and abroad. the house will only be working 28 days between now and the midterm elections in november. u.s. taxpayers are busy working so how about our public ser vans get off their lazy butts and start fixing the va, the irs, and everything else that is broken. how the high cords slamming the gavel can help all workers in america. and the land of the free ain't so free as they used to be.


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