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Forbes on FOX

Clinton warns Trump would bankrupt America and kill jobs

DISCLAIMER: THE FOLLOWING "Cost of Freedom Recap" CONTAINS STRONG OPINIONS WHICH ARE NOT A REFLECTION OF THE OPINIONS OF FOX NEWS AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE WHEN MAKING PERSONAL INVESTMENT DECISIONS. IT IS FOX NEWS' POLICY THAT CONTRIBUTORS DISCLOSE POSITIONS THEY HOLD IN STOCKS THEY DISCUSS, THOUGH POSITIONS MAY CHANGE. READERS OF "Cost of Freedom Recap" MUST TAKE RESPONSIBILITY FOR THEIR OWN INVESTMENT DECISIONS.

HILLARY CLINTON: TRUMP WOULD BANKRUPT AMERICA AND KILL JOBS

Rich Karlgaard: Well, not much. I haven't heard any distance between her program and President Obama's programs and that's led to this 2 percent growth. We're missing $2 trillion of growth we should have if we had better economic governing, but look, i think trump said something amazing this week. He said he wants to make America rich. That we can only be strong if we're rich. You know, that is a simple, powerful idea.

Bruce Japsen: I think it would be a good idea if he could get anybody to agree with him. Can't even get the Speaker of the House to agree with him. Listen, trump would bankrupt the country because he's not willing to touch entitlement and we don't know enough about his businesses because we haven't seen his tax return for starters. You have to get along with people. That's one of the problems everybody admits going on in Washington and he's continuing to attack people in his own party.

Steve Forbes: Yes, what Barack Obama has done is the economic equivalent of water boring the economy. We've seen it in labor participation rates, investments, the lack of startups, the lack of entrepreneurship. If you want four more years of that, Hillary Clinton will give it to you, even worse, she's going to raise taxes.

John Tamny : It does. Because it shows she doesn't understand that any successful business man is going to have lots of failures an sometimes, bankruptcies. Now, looking that in a bigger picture, the only way to bankrupt the U.S. economy is to have policies that are -- to economic growth. Hillary's tax ideas are that, but Trump's ideas on trade would have a very chilling impact on growth.

Elizabeth MacDonald:  That's equal to putting the size of Serbia on the business's heads. You've got to wonder, it's a pipe dream would ever pass a nuisance tax on the white house, but here's what Hillary Clinton is saying within to your point about rules and regulations. A lot of rules and regulations in her policies. A lot of changes there. Her policies would cost $1 trillion over the next ten years. And Bill Clinton would never accept that his own wife's policies, remember he said back in the day, the big government is over.

Mike Ozanian: A lot of problems with Obama’s program. You had bankruptcies, but what bothers me most about that comment is that it's directed at coal miner, but that she would be as arrogant enough to believe she could see the future of energy. Someone who's never been in business, has no idea about what the industry is. Somehow, she's going to look into a crystal ball and be able to decide the future. I would much rather have a successful business man like trump or forget him, the woman who owns the nail salon in Glenn Rock where I live, be in charge of the economy because at least she knows, Hillary Clinton is clueless.

IRS UNDER FIRE FOR SEIZING ASSETS OF INNOCENT BUSINESS OWNERS

Steve Forbes: It's a form of, as obscene, a form of naked thievery, grossly violating the spirit of the Constitution and rule of law. These things should not be allowed. They should be banned immediately and those owners whose assets were seized should get triple and the agents responsible, fire them.

Bill Baldwin:  Under my reform plan, the IRS could snatch any money they felt like, but pursuant to what Steve suggested, they would have a hearing, find out how much the victim really owe and then have to return double the difference. Maybe triple. Go for it, Steve.

John Tamny: one of the single functions of government in a normal world is that they protect us from fraud. How ironic and sad that it is the government itself that's taking our wealth from us.

Bruce Japsen: Listen, I’m not wild about civil forfeitures and it appears this got a little out of control from when it was used in drug trafficking. But I think there should be some way of people ignoring court orders and hearings to at least do something with them. But Charlie said this is the most bipartisan effort he's seen on this committee since he's been there and that's saying something.

Rich Karlgaard: You could get double or triple the money back, that would be great, but it would take time. Have to be litigated. Reputations are lost. Businesses are lost. Hearts broken

Sabrina Schaeffer:  This is seeing John in the name of sort of civil forfeiture, but really, the point of it is to sort of stop potential criminal activity. So, if the government wanted to do this correctly, it can seize money in the criminal way, which would mean they have to bring charges up. They would have to have evidence and it makes it a lot harder for the government. So, they're trying to sort of skirt their way around and if you look at how much money they're taking, in most case, it's less than $30,000. That does not signal a massive conspiracy scheme or criminal act. So, it's all very suspicious.

UNION BACKED PROTESTERS DEMANDING $15 MINIMUM WAGE AND RIGHT TO UNIONIZE

Mike Ozanian:  This is all about the union bosses. In 2014, average pay for a CEO in the United States was $180,000 that same year, 160 union presidents and executive presidents made more than that.

Bruce Japsen: I'm thinking that the CEO of McDonald's makes a heck of a lot more than that and gets stock option, which the people serving the food do not do. There were more than just union people like at that protest here in Chicago. Maybe they can pay them in burgers. Probably what they want to do. Who knows. Paying $15 an hour at McDonald’s is going to kill anybody. They've got their all day breakfast menu.

Sabrina Schaeffer:  If the union bosses cared about the workers, they would eliminate any kind of barrier to entry into the workplace and that would mean in lowering the minimum wage, who are younger than 25 for instance, could get that, rung in the ladder. This is all about keeping unions in power and has nothing to do with that's good for the workers.

Elizabeth MacDonald: Should be protesting in Washington, D.C. In front of the White House for crushing high paying union manufacturing jobs. You cannot raise family of four on a fast food salary.

Bill Baldwin: In California, turn into -- there's an exception for those restaurants and hotels that have unionized workforces.

Rich Karlgaard: I think they're just trying to show the public they're being reasonable, but the fact of the matter is with kiosks an other things, you're going to have less and less use for that labor. Raising artificial wages. If you could legislate prosperity, the Soviet Union would have won the Cold war.

SAFE BETS

Elizabeth MacDonald: (AAPL)

John Tamny: (WBMD)