Latest / The Mark Simone Show / Mark interviews chairman of Forbes Media Steve Forbes.

Transcript

Mark interviews chairman of Forbes Media Steve Forbes. · The Mark Simone Show

• 0:00
  Speaker 1: It's the Mark Simon Show live from the w R
• 0:04
  Speaker 1: Life Back Studios. Well, we'd like to bring you all
• 0:09
  Speaker 1: the smartest people on earth and with us right now,
• 0:11
  Speaker 1: the great Steve Forbes, chairman of Forbes Media, which you
• 0:16
  Speaker 1: should be reading every day. Also a best selling author.
• 0:19
  Speaker 1: Get his latest book, Inflation. You'll learn a lot from
• 0:22
  Speaker 1: it and follow Steve Forbes on Twitter and all that stuff.
• 0:26
  Speaker 1: Steve Forbes, how you doing well?
• 0:29
  Speaker 2: I'm doing better than Michigan right now. And you're feeling
• 0:34
  Speaker 2: good about the Yankees. Their new player Lombard hit a
• 0:38
  Speaker 2: game winning home run, so that was nice to see.
• 0:41
  Speaker 2: Look into the future. So yeah, yeah, now the Yankees.
• 0:47
  Speaker 2: I'm in a good mood.
• 0:49
  Speaker 1: Well, shouldn't Republicans be happy that the crazy kami socialist
• 0:53
  Speaker 1: whatever the hell he is elsa I'd won as the Democrat.
• 0:55
  Speaker 1: Isn't that the best chance for Republicans to keep to
• 0:58
  Speaker 1: win that Senate seat.
• 1:01
  Speaker 2: I think we've got a good chance to win it,
• 1:03
  Speaker 2: but we should not take it for granted. If voters
• 1:07
  Speaker 2: are in a foul mood for whatever reason, people they
• 1:10
  Speaker 2: may just vote for this clown because of as a protest.
• 1:14
  Speaker 2: The good thing, though, is if we can take any
• 1:17
  Speaker 2: comfort from that is how close that election was. He
• 1:20
  Speaker 2: was one point, had fifteen to twenty points. And then
• 1:24
  Speaker 2: as people learn more about what he actually stood for,
• 1:27
  Speaker 2: and as he kept opening his mouth, it tightened up.
• 1:31
  Speaker 2: But and then the Congressional District seventh Congression, Michigan, Michigan,
• 1:37
  Speaker 2: we're a lunatic one. The two moderates got fifty seven percent,
• 1:41
  Speaker 2: they split the vote, and the Communists got forty two.
• 1:46
  Speaker 2: But the Republicans have to realize they have a fire
• 1:48
  Speaker 2: out there, and you don't fight fire with a water pistol.
• 1:52
  Speaker 2: And we've got to get our messaging together. We've got
• 1:54
  Speaker 2: to come up with exciting tax cuts and go on
• 1:57
  Speaker 2: offense both against their lunacy and positive things for the future.
• 2:02
  Speaker 2: That's what people want to know. What's going to happen next.
• 2:05
  Speaker 2: People are in an anxious, worried mood right now. And
• 2:10
  Speaker 2: I'll be blunt. I think the president, you know, he
• 2:12
  Speaker 2: went after the oil companies on oil prices, which is ridiculous.
• 2:16
  Speaker 2: He stepped on a great story about how well the
• 2:19
  Speaker 2: numbers are coming in on American manufacturing. Who knew that.
• 2:23
  Speaker 2: All they focused on was the President goes after oil company,
• 2:26
  Speaker 2: So stop stepping on your great news.
• 2:29
  Speaker 1: Yeah. Well, well his point was there's no reason to
• 2:33
  Speaker 1: raise the price of gas here in this country because
• 2:36
  Speaker 1: we produce all our own oil straight or home moose
• 2:38
  Speaker 1: doesn't affect us. But I guess it's not a good
• 2:42
  Speaker 1: idea to ever put in price controls anywhere on any industry.
• 2:45
  Speaker 2: Is it. No, And it's an international market, but that
• 2:49
  Speaker 2: gets in the weeds on it. But focus on the
• 2:52
  Speaker 2: great news man, manufacturing has really made a turn. Well,
• 2:57
  Speaker 2: if you don't get the message out there and say
• 3:00
  Speaker 2: it with confidence, people are just gonna shrug. Even if
• 3:04
  Speaker 2: their own situations beginning to get better, They're worried about
• 3:07
  Speaker 2: the future. So come up with some exciting stuff for
• 3:10
  Speaker 2: the future.
• 3:11
  Speaker 1: Yeah, Hey, Steve Forbes. Getting back to ELSAYD, there was
• 3:15
  Speaker 1: a time in this country where if somebody said you
• 3:17
  Speaker 1: were a communist, you were blacklisted, you couldn't work in
• 3:20
  Speaker 1: Hollywood ever again. And now if you're a communist to
• 3:23
  Speaker 1: hold a fundraiser for you at their house? What what changed?
• 3:27
  Speaker 1: How did this happen?
• 3:29
  Speaker 2: Well, you talk about Hollywood. You know they have these
• 3:32
  Speaker 2: monster movies in Hollywood and the monster always seems to
• 3:35
  Speaker 2: come back from the swamp. Well, we have to and
• 3:38
  Speaker 2: we have to learn. Unfortunately, bad ideas never die. They're
• 3:42
  Speaker 2: lurking in the swamp. And what you have here is
• 3:45
  Speaker 2: a combination of people don't remember the past, and people
• 3:49
  Speaker 2: aren't taught about the past, so they have no context
• 3:53
  Speaker 2: for this socialist nonsense. It sounds, oh, we're going to
• 3:56
  Speaker 2: get free stuff, exciting young people. Anti establishment young people
• 4:00
  Speaker 2: always like that, and so there's no counter memory and
• 4:04
  Speaker 2: no counter education that they received about what actually happened
• 4:08
  Speaker 2: in the past. And this co chair whatever they call
• 4:12
  Speaker 2: themselves of the DSA so called democratic whenever Far Left
• 4:18
  Speaker 2: Groove called itself democratic, it means dictatorship, the dictator Socialists
• 4:23
  Speaker 2: of America. She said, capitalism is failing. Well, how do
• 4:27
  Speaker 2: you account for the fact that, for all problems, we
• 4:30
  Speaker 2: still have the highest standard of living in the world,
• 4:33
  Speaker 2: and the incomes are starting to move up. And when
• 4:36
  Speaker 2: Trump had his first term before COVID, guess what was happening.
• 4:40
  Speaker 2: Lower incomes are growing better than higher incomes percentage wise.
• 4:46
  Speaker 2: So I wish the Republicans would get on get an offense.
• 4:49
  Speaker 2: Also on healthcare, I mean, I don't care what the
• 4:52
  Speaker 2: government says. Health premiums are going up and people are
• 4:56
  Speaker 2: paying more out of pocket and so advocate removing the
• 5:01
  Speaker 2: barriers and health savings accounts. Put the money in your
• 5:04
  Speaker 2: the patient's pocket, not the third party. They should be
• 5:09
  Speaker 2: going on offense and stop apologizing or going silent.
• 5:13
  Speaker 1: It's not going to work.
• 5:14
  Speaker 2: Well.
• 5:15
  Speaker 1: It's tough to do that because for the average American
• 5:16
  Speaker 1: who's working all day, doesn't sit there and watch cable
• 5:19
  Speaker 1: news and doesn't read everything, and they basically just get
• 5:22
  Speaker 1: home and put on the nightly news and the network
• 5:24
  Speaker 1: for twenty minutes. They're getting the impression from these fake
• 5:27
  Speaker 1: news people that this economy is in crisis right now
• 5:30
  Speaker 1: and that's not the case, is it.
• 5:33
  Speaker 2: No, it isn't. And people get their news also now,
• 5:37
  Speaker 2: especially younger people, they don't even watch the nightly news anymore.
• 5:41
  Speaker 2: They go on with Apple or whatever. But we have
• 5:45
  Speaker 2: to take comfort Ronald Reagan when you had only three
• 5:48
  Speaker 2: networks which didn't like them, and the major newspapers at
• 5:51
  Speaker 2: the time, like the New York Times. That hasn't changed.
• 5:54
  Speaker 2: There are no fans. They're always looking for gloom and
• 5:56
  Speaker 2: doom in the economy. But he got the message across.
• 6:00
  Speaker 2: And that's one thing President Trump has not done well.
• 6:03
  Speaker 2: Has learned to sit behind a desk in the Oval
• 6:05
  Speaker 2: Office and explain things. When he gave that speech several
• 6:09
  Speaker 2: months ago in the Iran War, even though I didn't
• 6:13
  Speaker 2: think was particularly well delivered, those who watched it cut
• 6:16
  Speaker 2: him slack. He majority agreed we cannot allow Iran to
• 6:20
  Speaker 2: get nuclear weapons. So if you lay your case before
• 6:23
  Speaker 2: the American people, even if something as tough as Iran,
• 6:27
  Speaker 2: people will cut the present slack. And so you got
• 6:30
  Speaker 2: to trust them take your case to them.
• 6:32
  Speaker 1: Yeah. So a lot of obviously Democrats hate the presidents
• 6:35
  Speaker 1: of dealing with Iran, and a lot of Republicans don't.
• 6:38
  Speaker 1: That's an understatement. Yeah, a lot of Republicans think this
• 6:42
  Speaker 1: is terrible. You know, either go finish them off or so.
• 6:44
  Speaker 1: But this on again, off again there is some logic
• 6:49
  Speaker 1: to it, isn't there. It keeps them busy, It keeps
• 6:51
  Speaker 1: Iran busy with this rather than with esbulon who eats
• 6:54
  Speaker 1: and all that.
• 6:56
  Speaker 2: Well, what it's done is they've are still now supplying,
• 7:01
  Speaker 2: especially the hoodies who are trying to take control of
• 7:05
  Speaker 2: the North I mean the Red Sea, the way the
• 7:07
  Speaker 2: Iranians are doing with this Strait of Hormuz. So the
• 7:11
  Speaker 2: on again off again. Unfortunately gives the impression that we
• 7:14
  Speaker 2: don't have a strategy, that we're desperate about the midterm elections,
• 7:19
  Speaker 2: and there was the lack of consistency. You know, you
• 7:22
  Speaker 2: saw the joke online that the president's going to get
• 7:25
  Speaker 2: the Nobelt presprised because he's under the Iran war eight times,
• 7:29
  Speaker 2: and and and and so that kind of thing. It
• 7:34
  Speaker 2: hurts the message, the other messages he has because you
• 7:38
  Speaker 2: see this on again, off again. The war is over. No,
• 7:40
  Speaker 2: it's not over. We're gonna bum the smithereens know we're not.
• 7:44
  Speaker 2: We're gonna have negotiations. Well maybe maybe not. Iran has
• 7:47
  Speaker 2: violated every negotiation agreement they've made since April since the
• 7:51
  Speaker 2: presidents are clared to cease fire. So uh, people, I
• 7:56
  Speaker 2: think people want a firm hand and the feeling that
• 8:00
  Speaker 2: there is indeed a strategy here and lay it out
• 8:02
  Speaker 2: to the people.
• 8:03
  Speaker 1: Yeah, hey, before we run out of time, Steve Forbes,
• 8:06
  Speaker 1: you're very good on this subject AI. Now a lot
• 8:08
  Speaker 1: of people are living in fear of AI. It's going
• 8:11
  Speaker 1: to ruin everything. Everybody's going to lose their job, The
• 8:14
  Speaker 1: data centers are going to destroy our town or everything.
• 8:17
  Speaker 1: What should be really what you would be feeling about
• 8:20
  Speaker 1: AI right now.
• 8:22
  Speaker 2: Well, AI is unfortunately one of those things, as I
• 8:25
  Speaker 2: think we've mentioned before, as a friend of mine mentioned
• 8:28
  Speaker 2: to me Mark Mills is first of all, AI is
• 8:30
  Speaker 2: a terrible name. We don't call We don't call planes
• 8:34
  Speaker 2: artificial birds, or cars artificial horses, and so AI sounds ominous.
• 8:41
  Speaker 2: And yes, it's going to mean change. But the amazing
• 8:44
  Speaker 2: thing is employment has actually gone up in the last
• 8:49
  Speaker 2: couple of years since the President Trump retook office. And
• 8:54
  Speaker 2: also the big thing which we should be emphasizing, it's
• 8:57
  Speaker 2: what is doing in healthcare. It's holding out the promise
• 9:00
  Speaker 2: in healthcare already of getting cures faster. One example, a
• 9:05
  Speaker 2: baby had a rare genetic bound malfunction of the sort
• 9:11
  Speaker 2: what they call one letter, and they prepared the parents
• 9:15
  Speaker 2: you know it's going to have a tragic end, and
• 9:18
  Speaker 2: they are able thanks to AI and the information that
• 9:20
  Speaker 2: got from AI to find that one rogue genetic letter,
• 9:25
  Speaker 2: and that baby now is about one and a half
• 9:27
  Speaker 2: years old and surviving. So we should emphasize US has
• 9:31
  Speaker 2: great promise. Any big new thing can be misused. That
• 9:34
  Speaker 2: also has the promise to substantially improve our healthcare and
• 9:38
  Speaker 2: ultimately get drugs faster. You know, I'm my age. I
• 9:42
  Speaker 2: don't want to wait ten years for a drug. I'd
• 9:44
  Speaker 2: like it next week, Thank you very much. And AI
• 9:47
  Speaker 2: is going to sharply reduce the costs of getting these
• 9:51
  Speaker 2: new drugs and the effectiveness of them because they can
• 9:54
  Speaker 2: find out what works for you may not work for me.
• 9:57
  Speaker 2: But we're going to have an Indi Vigel medicine in
• 10:00
  Speaker 2: the next ten years like we couldn't imagine today.
• 10:04
  Speaker 1: Yeah, you pointed out once. I never forgot this that
• 10:07
  Speaker 1: people had the same fear of electricity when it was
• 10:10
  Speaker 1: evented when it came along.
• 10:11
  Speaker 2: Yes, and that's how we got the novel Frankenstein. Oh,
• 10:15
  Speaker 2: they're going to create these monsters with electricity. Well, well
• 10:20
  Speaker 2: it's great entertainment.
• 10:24
  Speaker 1: That's a good point. Well, Steve Forbes, great stuff. Everybody,
• 10:27
  Speaker 1: get his book Inflation. It's a very good book. It's
• 10:29
  Speaker 1: his latest book and you should read that. And of
• 10:31
  Speaker 1: course Forbes Media, you do a wonderful job every day.
• 10:35
  Speaker 1: Just go online Forbes dot com and follow Steve Forbes
• 10:38
  Speaker 1: on Twitter. And thanks for being with us.
• 10:42
  Speaker 2: Thank you, Mark. Keep up the good work. We're going
• 10:44
  Speaker 2: to need it, all.
• 10:44
  Speaker 1: Right, take take care Hey, don't forget Buck and Clay
• 10:48
  Speaker 1: coming up at noon today with a great show for you.
• 10:51
  Speaker 1: And then three o'clock we got Sean Hannity. They'll most
• 10:54
  Speaker 1: listen to radio show in America. You got Jesse Kelly
• 10:58
  Speaker 1: at six and Jimmy Fayley. Besides being a very smart show,
• 11:02
  Speaker 1: making a lot of great points and interesting content, it
• 11:05
  Speaker 1: is the funniest show on radio. Jimmy Fayla every night
• 11:09
  Speaker 1: nine to midnight here on seventy ten Woor