Steve Forbes: This idea would damage the economy



Forbes media chairman and editor in chief provides insight on the state of the economy on ‘Kudlow.’ #FoxBusiness #Kudlow

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45 comments

  1. We are screwed good by America

  2. He asks, "are we in a recession"…well if your rich it doesn't matter.
    Define recession exactly. There is no exact definition of a recession.
    When the people can't afford rent they revolt…we are at that point now.
    PROOF recession. peopel steal catalytic converters, bicycles, cars, you name it, smash n grabs. DUH

  3. During Trump's tenure, the US economy contracted at the fastest rate since 1946. The national debt under Trump increased by 39 percent. The annual deficit under Trump ranks as the third highest of any president in history. Since 1933, the US economy has grown at an annual average rate of 4.6 percent under Democratic presidents and 2.4 percent under Republicans. GOP tax cuts for the wealthy have never boosted the US economy. Ten of eleven U.S. recessions between 1953 and the present began under Republican presidents.

  4. Although< I have interests in global economics I don't watch the news anymore… I have enough FUD lol. Thanks for this news and offering your insight on how to navigate during unfortunate times/events like this. You're right about keeping level headed when investing so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present has enough to know issues going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 23` btc from day trading with Jennifer Wilbur Signal in few weeks, this is one of the best medium to backup your assets incase it goes bearish…

  5. Disney told investors last week that business will continue as normal because, despite the recent Florida state law abolishing its special tax district by 2023, the state can’t actually proceed with its plan unless it also covers all outstanding debts to bond holders in the district, including interest payments.

    According to Disney, under the terms of the 1967 law that established the district, “Unless otherwise provided by law, the dissolution of a special district government shall transfer title to all of its property to the local general purpose government, which shall also assume all indebtedness of the preexisting special district.”

  6. 🤦‍♂Production dropped a whopping 12.1%. “I was shocked when I first saw the numbers,” Dan Kish, a senior fellow at the Institute for Energy Research, told the Daily Caller News. Between November 2020-February 2021, the period when President Joe Biden replaced former President Donald Trump, production dropped a whopping 12.1%. Kish said the steep decline in production in early 2021 reflected the chilling effect of the Biden administration’s policies.”

    Domestic crude oil production has sharply decreased for three consecutive months even as demand and prices have remained elevated, according to federal data released Friday. Total U.S. oil production decreased to about 11.3 million barrels per day in February, down 3.9% from the 11.8 million barrels per day produced in November, the latest Energy Information Administration (EIA) data showed. Between Nov. 1, 2021 and Feb. 28, 2022 though, pump prices increased 13.4% from $3.39 per gallon to $4.91 a gallon🤷

  7. I love Steve Forbes—he is the best.

  8. Don't know for how long Kudlow has been on air, but now I've watched a handful of the Fox Business snippets and they've been quite comforting. Not the messages of course, due to this anarcho-marxist administration (How was that even possible ?), but the reasoning, the consensus of thought if you might. Since Lou Dobbs was forced off air, something with teeth and bite has been sorely missed, so thanks Fox Business……but there's still room for Lou Dobbs. There was no need to let him off. That was a huge mistake.

  9. Democrats are stupid and bad economists. Why do Americans vote for democrats , they are nothing but problems? America is degrading !?

  10. Schumer you w0rthless SoB, so sick of idiots in control.

  11. He's still working with China an trying to ruin the United states

  12. Dem-0-RATS are clueless… This is what happens when a machine decides who wins an Election rather than letting the people decide.

  13. Every time you come back to the simplicity of “I am God also, I choose experience”, once you get back to that simplicity, it frees up a lot of energy to actually have experience, rather than try to understand what experience is. It’s not about getting to the other side. It’s about how I am in this moment taking that next step, no matter what the outcome is.

  14. CONGRESSIONAL HEARINGS, including aerospace/defense contractors and Vice Admiral Thomas R. Wilson must be held to address a vital issue that transcends politics and we will never properly advance until it happens: The 75+yr ongoing-constitutionally illegal,
    EXTRATERRESTRIAL cover-up. How can we truly believe anything our elected officials say?

  15. What are we going to do when common sense is gone? They don't make 'em like you two anymore!

  16. No new taxes no vote on any person who raises taxes

  17. Mr Forbes and Mr. Levin, please explain to me why the so-cld. Biden admin. Is trying to make us a banana republic and dumbing America down in the meantime. I would really like to know.

  18. Steve Forbes I saw what you ssid on Googke about Student Forgivenes. Where does the government or you and your cronies get the right over to charge people for student loan debt and make them pay for there education for the rest of there lives. .Isn't true you and family members get free education??? or government offcail families? Why do you have that privilege??? I have paid my loans 3 times over and now your government entity makes me take out another to get in standings which is all interest loan. So where fo you get off!!!!

  19. I know 100 percent that I can fix this whole country. I will do the job from my house. Not that hard just some common sense.

  20. I could fix this country please hire me.

  21. Talk about the positives of flat tax …. Please….

    Did not Forbes talk about it in the 80’s

  22. Oooh NO! Al Gore didn't invented the internet?

  23. A market crash is coming.

  24. Steve Forbes is a Godsend to the USA. Basic common sense economy, not smoke mirrors and fentanyl

  25. share please. Thanks. Just LOOK on the MODERNA website under partners!! They tell you that MODERNA was created in 2010 by Obama and Biden, Gates foundation, Darpa and BIG pharma !! They mock you right to your face !! Now in 2021 they have the perfect vaccine !!! lol. Also the first chapter of Business Law is that a firm cannot contract away negligence !!! Also the vaccine liability shield does not apply to unapproved gene therapy ! Do Moderna and pfizer will be sued !! They are already prosecuted criminals !!!

    Pfizer

    September 2009

    Fined $2.3 billion after pleading guilty to misbranding the painkiller Bextra with “the intent to defraud or mislead.” In 2012, Pfizer paid $60 million to the DOJ and SEC to resolve FCPA offenses.Why would you take gene therapy from a criminal organization !!

    Also there is NO Blood test for any variant !! Ask any lab or look on the lab order sheet.

    Read and share THE REAL ANTHONY FAUCI and VIRUS MANIA !!!

  26. Fine job Larry and Steve! Results keep giving Results! Larry.

  27. Question why do we need china or any other country for our goods? Why with all our technology we can't make this in America doint have a answer ask musk and Trump thay will give you a true answer that's my riff

  28. 'Pay your fair share', Ok let's start with people pay their OWN student debts,instead of hoping the government pays it off with our tax dollars.

  29. Recession is coming, even if they tweak the numbers for Q2. The Dems will use Student Loan Debt Relief as a Carrot to get people to go out and vote for them in November so they can keep majorities in both House & Senate. Always trick the gullible into thinking they are getting a freebie. Hyperinflation Joe is such a disaster that he can't even get anything passed WITH a majority! God, what happened to our Country?

  30. I am glad to say I don't buy anything that comes from China. I would rather go without a product than buy "made in China".

  31. Republicans not paying taxes??

  32. Private sector are lower china government brings 10 percent growth to china

  33. Drill for oil and going have to feed the world

  34. Yes raise taxes because war tax rich people do not pay taxes

  35. The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation."

    –Vladimir Lenin

  36. Steve shouldnt of used the internet as an example.

    He should of used the gov funded NASA how they stated reusable rockets were impossible. Up till private sector Elon came along.

  37. As far as taxes go, why doesn't everyone pay the same percentage ??? That way everyone will pay the same amount and no more tax brackets.

  38. WHO ARE THOSE REPUBLICANS? Call them out !!!

  39. see the market another 1000 point lost…Dow at 32K since Joke Biden took office the Dow has lost 4000 points. Nothing more needs to be said.

  40. MY FINANCIAL GOAL IS TO BE MAKING AT LEAST UP TO $1,000,000 EVERY YEAR BY INVESTING HEAVILY BOTH IN CRYPTO AND STOCK. I NEED GUIDIANCE. please comment below..

  41. Biden is jellious of trumps Billions so is determined to steel everyone's money to get there

  42. Supply chain problem because we have sold our soul to China

  43. So much for Uniting the country