Thank you for bringing realism to the economic discussion. I am please that you invite comments. Pro-growth policy is needed to boost the economy so the huge deficit can be addressed. Cnertiinly the socialists think they can tax, spend and confiscate wealth. Negative prosperity is our legacy unless policy can be changed to free market capitalism.
@delmonicofarquhar98937 ай бұрын
I agree, Steve, but basically killing off a healthy (that is, not totally indebted) middle class has removed the most important component of demand, and stimulus, that our economy has traditionally relied on and which temporary actions by the Fed can never fully replicate. As long as ordinary Americans are unable to provide a spending cushion under the economy, it will continue to tank. Maybe special interest money influencing our politicians to divert funding from education, healthcare and financial security for the middle class into tax cuts for the very wealthy has a taken a toll on our economic foundation, not to mention our democracy, after all.
@fourgotmyemail7 ай бұрын
*#ThankYou* *#Greetings* *#MrSteveForbes* as always *APPRECIATED OPPINION*
@lesseirgpapers92457 ай бұрын
about 700K excess deaths of the working force. 3 million out of the work force because of the excess disability, And 3 million men afraid of Me2 fled the workforce.
@brianroan69057 ай бұрын
I like your prospective Mr Forbes. It’s amazing to me how things have changed in media and I am able to actually speak to someone I have watched for years and they might even read my comments. You should do these videos more. This is where people are getting information now not the national media.
@parkplace7417 ай бұрын
Everything went up. Even food cost increased so much. Who is supporting this govt? Trump should come back.
@recoveredconservative7 ай бұрын
Got to love Republicans like Steve Forbes: to hell with what economists say, all of this fabulous economic news is not fabulous. Right, Steve.
@steveallen26817 ай бұрын
Keep this stuff up Mr Forbes, I listen all the time
@ericheine24147 ай бұрын
All you have to do is walk down Main Street and see how many buildings have empty storefronts the economy is failing but the numbers that normally reflect the condition of the economy have been manipulated. Out here on Main Street in America people are struggling to get by and the money they earn no longer pays the bills.
@skidogbill7 ай бұрын
Right on.
@michaelhollinshead69457 ай бұрын
You nailed it Steve.
@steveragan2256Ай бұрын
Excellent points!
@CaneBTC7 ай бұрын
Appreciated
@jeanmurry48767 ай бұрын
Straight forward truths, OUTSTANDING ! LOOKING FOWARD FOR MORE SIR. VINCE MURRY
@William18667 ай бұрын
Joke of the day: "Peace time spending"
@100perdido7 ай бұрын
Reagan got a handle on spending? Come On, Steve Man.
@wisenber7 ай бұрын
Reagan had a Dem controlled House (where all spending originates) his entire time in office. Reagan didn't get half the cuts he was after.
@ruthnovena407 ай бұрын
How much did this adm sell parts of us off for and to whom?
@bobdobalina70587 ай бұрын
When did interest rates go down? I don't think my credit card, mortgage Co. Or auto loans got the memo. Also don't recall the fed lowering rates
@olenmiles93347 ай бұрын
Who benefits from high National dept?
@idahopotato58377 ай бұрын
I'm retired and live on a fixed pension. No cost of living allowance at all. No government spending is coming my way. I guess I should own a munitions plant.
@wayneantoniazzi27065 ай бұрын
When Steve Forbes speaks he's worth listening to, his business IS business! My best economic indicator is a personal one. I quit smoking in the Summer of 2023. By all rights I should be seeing an additional $250 in my wallet each month. Guess what? I'm not seeing it. Other rising expenses have eaten it up. So no "talking head" is about to fool me (or you) into believing how great things are. My wallet doesn't lie.
@Freedom-DNA7 ай бұрын
Don't fall for it yall.Steve's in the loop on everything
@rollswrangler7 ай бұрын
$213 trillion federal unfunded liabilities increasing $29 billion per day.
@christianburke4187 ай бұрын
Wow, Steve Forbes nails it. I wish everyone understood what Steve has just described. SphereMotor, the future of electricity
@wisenber7 ай бұрын
Few that pay taxes like taxes, but the current rates are around where we need to be. Revenue is up by 33% since then. The problem is spending is up 50%. Cut spending and reform regulation to at least reduce the growth rate of debt. The Treasury Department was asleep at the wheel when they didn't lock in longer term lower rate debt like every homeowner with a mortgage did.
@ngeorgalis17 ай бұрын
Why didn’t Forbes not mention Trump’s accomplishments including bigger tax cuts than Reagan, cuts in regulations, low inflation. record low unemployment, energy independence, low interest rates, booming stock market, and a world at peace.
@sharifumaru88137 ай бұрын
Stop bringing trump into this he does worst done. Is anyone 18 trillion in just one term.
@ngeorgalis17 ай бұрын
@@sharifumaru8813 wrong
@sharifumaru88137 ай бұрын
@ngeorgalis1 how wrong, trump term inflation went 18 trillion the poorest are paying big tax the richest are paying less tax
@1952Paper7 ай бұрын
Trump is not even close to being a conservative. Yes with the help of so called deficit hawk Paul Ryan they delivered a great tax cut with a corresponding increase in spending. Did not have political courage to cut any spending. Our grandchildren will pay a very heavy price for Trump presidency.
@scottsweeney69037 ай бұрын
And I have it oceanfront property in AZ. It's the exact opposite.
@edh22467 ай бұрын
Government spending on infrastructure education and healthcare pays off, it’s an investment. Giving more tax breaks to corporations (trickle down economics) does not work, it just moves more wealth to the top. Regulations are necessary to protect people and environment from the rapacious greed and self interest of Capitalism.
@josephroth87617 ай бұрын
Many Thanks for your video. You should replace Janet Louise Yellen for the Secretary of the Treasure.
@khemkaslehrling38407 ай бұрын
What percent of all jobs are with government or primarily gov't funded organizations?
@Wonderwall367 ай бұрын
Mr Forbes is back in the hood.
@johnconnery19396 ай бұрын
scaring people into believing your dream of economic decline during an election year , is a tired old tactic. But that is what you do.
@jeremyocassan7 ай бұрын
I'm subscribed!
@colgategilbert80677 ай бұрын
Missing. Analysis on the rebuilding of the US economy for Deglobalization or Decoupling, as some call it.
@Index-o12347 ай бұрын
Makes a good Anchorman.
@tomreilly5157 ай бұрын
I agree with the litany of economic & financial problems. I continue to wait for the predicted tsunami. Like so many others, I then plan to invest. WHEN?
@petergracemeguide12807 ай бұрын
G'day from South Australia. The circus sounds familiar here too. Lived the sugar high. I'm seeing noticeable numbers of new Australian from middle east and India. All with new cars quality clothes , gold chains and a map. Many taking photos of welcome to south Australia. Toyota,Audi and range rover and BMW doing well with these imported buyers. But the housing and rental sector is near impossible to get. Banks won't lend and rentals are thru the roof $ and un available. Overall it's a similar circus tested in all corners of the world and were watching the Muppets show
@truthseeker42807 ай бұрын
So in conclusion the more things change the more they stay the same . Sorry mr. Forbes very little was said . We been going through this now for several years .
@matthewdimarcantonio46277 ай бұрын
Wow Steve is awesome!
@svart77164 ай бұрын
Calamity howler..
@denefreeland53697 ай бұрын
I suppose it depends on what the government is actually spending money on. Often when a government creates a contract there are lots of middle men (and women) who don’t create any value but siphon off the taxpayer money (consultants, the people who create rackets, people who overcharge and under deliver). I’m not saying this doesn’t happen in private industry but. On the other hand when I visited the USA (wonderful country) its roads and infrastructure is almost that of a third world country in many places.
@mikem3627 ай бұрын
Sounds Like someone is shorting spy
@Adam-ul2px7 ай бұрын
I agree with almost all of that but I break with the current GOP on the issue of supporting Ukraine, Taiwan and Israel. Reagan is rolling in his grave
@NickGj-k7v7 ай бұрын
I partly may agree with the concept Steve Forbes express that "...the Federal Reserve does get understand the true nature of inflation....". They certainly understand the true nature of inflation, but they may not know haw to solve the challenges the economy has and they use old practice to discharge the economic downturn to inflation which force peoples to pay the consequences. With inflation a country get the money from production sector and pay for military expenses and for other government sectors who do not produce anything.
@BodyTrust7 ай бұрын
Capitalism and class society are dying. Let's hear about how the union movement is going to lead the revolution, STEVE.
@paulginsberg69427 ай бұрын
Appeasement??? He seems a warmonger to me.
@htas68887 ай бұрын
Excuse me but... 2019 budget of 4.4 trillion and current 6 trillion, look at year over year inflation between the two time periods, every body got pay increases, there is the wage increases and prices of everything increased, it is only natural that federal budget increases too. Then, there is no world war but there is the Latvian war. It is funny how things don't get accounted properly, painting a picture...
@debw26357 ай бұрын
I agree with you completely,, I wish Kudlow would agree 100% with you, the dollar has barely any value left in real terms. This is the Titanic that needs to be righted. Can it? and will it? its unfortunate you are not the Fed Chief, We Do not seem to have anyone in control of the USA's currency who cares about the Actual health of our finances . we the people are not reckless in our budgeting for the most part, We should be respected as to our constitution of Life, Liberty, and the pursuit of Happiness. Its hard to be positive for our near future let alone in 5 yrs time. If you wanted a weak America this is how you go about it.
@martinleuchs54033 ай бұрын
Economy has had ups and downs for decades. Spending in times of Trump’s debt increase was never commented by you , right? It will go down in some years to come due to banks gambling, or some other reason. You are cheap: it’s an easy shot to predict risks for an upcoming crisis, when the economy is doing well!
@rodhonco56817 ай бұрын
Math does not lie!
@ThaGirlLaLaLa7 ай бұрын
Thanks Mr. Forbes, no thanks to Obiden!
@_DarkEmperor7 ай бұрын
Nothing to add.
@stevesmith6627 ай бұрын
1 trillion in new debt is good economic growth?
@zhinan8887 ай бұрын
100%
@nicholasb87997 ай бұрын
All that money and you can't figure out a teleprompter!!! Come on man!!!!
@millamulisha7 ай бұрын
The deficit dropped in January.
@goof2607 ай бұрын
oh the rich are so worried..
@TimJohnson-s3e7 ай бұрын
Say hello to 1929 2.0
@johnking62527 ай бұрын
If Trump was in office how would your opinion change? Just asking tucky style ? Eh ❓. 🔵🇺🇲
@funfact86607 ай бұрын
Is this the real life, is this just fantasy.....(In William Shatner's voice)
@gregorysagegreene7 ай бұрын
He could never sing that high.
@funfact86607 ай бұрын
@@gregorysagegreene He doesn't, he talks the whole song 🤣 it's on KZbin, so is Rocket Man
@garymcaleer61127 ай бұрын
Only Forbes informs. These evil overlords keep their power and wealth while they deliberately sacrifice the lives of millions of innocent people on their godless altar. "The books of heaven" record it all, and every sin involved will meet its recompense, which again shows how Satan rules "the wickedness of the wicked." It always gets back to Luke 4:6 where Satan determines who holds both the money and the power. Daniel 2&7, and Revelation 13&17 confirm. People need to dust off their Bibles; study history; and pray to the LORD to know what is true and what is not. Let them begin with Isaiah 24: the plainest chapter showing the conclusion of sin on the Earth. That chapter needs to be settled in everyone's mind.
@robbob53187 ай бұрын
What phuckin cloud does Steve Forbes have his head in ?.
@monorecaro17 ай бұрын
He lost me in the second half..
@davebliss64367 ай бұрын
Typical Republican viewpoint
@populustremula74967 ай бұрын
How long has the US had a national debt and kept adding to it? It dominates the behind-the-scenes picture and has for a long time now. We have a collective ignore-ance of the gravity of it, the delusion of it. But someday it will matter like the Emperor Has No Clothes story. It’s the same attitude we have about our carbon emissions as well. But, until then it appears we are going to party like there is no tomorrow playing our dangerous musical chairs game and hoping that the music doesn’t stop while we each are still alive. So Steve is right, as are all doomsayers, but the when of the matter is anybody’s guess. I’m guessing it’s soon and will unfold as a series of cascading catastrophes, collectively known by archeologists as civilization collapse. Humans have done this many, many times in the past. But don’t ask me what soon means. Guess for yourself.
@lawrencehawkins71987 ай бұрын
Poor Steve Forbes, still trying to stay politically relevant.
@ydas91257 ай бұрын
Disappointly unoriginal and cliché
@kevinmalone41097 ай бұрын
FUBAR
@RogerWarren-l8s7 ай бұрын
If Trump was president with exactly the same statistics Steve would be singing his praises. Steve managed to squander his inheritance. I’ve never understood why anyone would think he knows anything about anything.
@deedeewinfrey31817 ай бұрын
I agree, that's why I'm voting for RFKJr in 2024
@staceyb8227 ай бұрын
Y our billionaires need to pay their fair share
@Ricardo-u8l4e6 ай бұрын
Way do you have to stick your big nose in the sovereignty of another country mile away from the USA …..?????
@christianburke4187 ай бұрын
Wow, Steve Forbes nails it. I wish everyone understood what Steve has just described. SphereMotor, the future of electricity