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WHITE HOUSE ROLLING OUT A NEW $28B JOB TRAINING PLAN; HOW ABOUT HELPING THEM GET A JOB BY GETTING OUT OF THE WAY?
STEVE FORBES: Obviously it's an election year ploy; it's not going to create jobs. If you wanted to create jobs you would cut taxes, stabilize the dollar, get rid of Obama care and basic things like that. That would get the economy moving. Job training programs don't work-you get good job training when it's a specific task like going to a local job or on the job training. That's the best. David the only job training program I would support from the federal government is for President Obama after November.
RICK UNGAR: Well are we talking about that or are we talking about the election? We are talking about the job training program. Look- here's what I want to understand- Figures come out in the last two weeks that tell us that 93 percent of every bit of upside in the first year of the recovery went into the pockets of the 1 percent. They didn't spend it on creating jobs. Now people come along and they want to complain that a measly two point something billion a year is going to help retrain people to find jobs that will work, and we are complaining about that? No. Let's stop putting the blame on government, and let's look at what's really holding up this job recovery. The people who will not spend money to hire people.
RICH KAARLGARD: Well David you're absolutely right. They don't work because if you're out of a job the last person to give you credible advice about how to get back into the workforce and update your skills is a social worker from government. If they knew anything they would be doing productive jobs themselves. Steve is right. They have to improve the overall economy. But in terms of charity, what President Obama should do is ask churches and faith based organizations and other volunteer organizations to get people from the private sector to volunteer to help train people. This is what my church does. They have Saturdays where HR managers tell people how to do a job interview. You know get people from the real world who actually know what it's like to get a job.
MORGAN BRENNAN: Agreed, business do but these two can actually go together, they can exist together. We've seen jobs training programs postings for decades now As far as the effectiveness as far as job trainings programs are concerned that's the whole point for this new proposal. It's the restructuring of two programs that already exist-to make them more effective, to cut some of the red tape. Right now you are looking at 150,000 workers that have gotten aid from the programs that this restructuring is around. The white house is projecting that about 500,000 people are to be bettered by this new program.
MIKE OZANIAN: They don't David and the government accounting office last year released a study saying that there was 18 billion dollars of tax payer money that was spent on job training and employment programs that had little to show for it. These programs David don't even score themselves to see how well they are doing. So that goes to your point as to why they are being shut down and renamed. My good buddy Rick wants more spending to help the economy- put that $18 billion back into the pockets of consumers, Rick.
VICTORIA BARRETT: Yeah, yeah, that's probably not a coincidence, David. Look I think that these programs are somewhat tragic in the sense that they give the people who show up them false hope. If look at the numbers of displaced workers, the largest chunk, not surprised, are in manufacturing. Now what I don't understand they are probably living in places where they already have high unemployment because manufacturing have left those areas. So we are going to train them to do what? Move to California to work for a solar company? The government can't force the economy this way instead you want overall growth because a rising tides lifts all boats that's not what we are doing here we are trying to engineer it.
WOULD REPLACING GOV'T TSA SCREENERS WITH PRIVATE SCREENERS SAVE TRAVELERS MONEY AND MAKE US SAFER?
STEVE FORBES: Well what it does is that it gives competition for people who do things better in a more effective way. So you don't have to raise your hands and those crazy things, and empty your pockets and all that stuff. Bottom line is to make it faster and make it safer and competition will do it. You'll end up with screeners with higher pay, better trained, out there, spot the terrorist and get you through if you're not a terrorist.
RICK UNGAR: Well I like hearing Steve say that private industry would give higher pay than the government-he's usually complaining that government is paying too much. Look the answer to this question is not so much do we go private or do we go public, the answer to this question is can we find a more effective way to do this. I thought the crowd scene you showed in the beginning was the security line over at JFK. Who knew it was for Cavuto's show. We've got to do a better job. It doesn't really work the way we are doing it. They don't catch the things going through we have to look at new systems for doing this.
ELIZABETH MACDONALD: Yeah I hear what you're saying it's also will it make it safer, will the profit motive make us safer and have a more efficient airport screening process versus these government paid bridge troll bureaucrats who basically want to be unionized and slow down the process. This is working in Montana and working in other parts of the country and anyway even if they privatize this screeners the homeland security can still reject that move to privatize and if you privatize you're going to get government regulated anyway so why not try it.
VICTORIA BARRETT: Well I have to agree with Rick which I generally hate doing but here's why. I don't think it's the people I think it's the process. So even if you took private workers in here you are not fixing the problem which is how we approach the problem, and I don't see how you do that. It's even worse now that we are forcing people to pay for checked bags. Everyone is carrying as much as they can onto a plane and that makes the security process more lengthy. So it's worse, but I don't think it's the people.
JOHN TAMNY: Absolutely. Why would you want someone with such low ambition as to want to work for the TSA to protect you from terrorists. Its better to leave the airlines to do it and have a profit motive to get people through as quickly as possible and as safely as possible. If airlines do a bad job, they lose passengers. If the TSA does a bad job, invades our airspace, nothing happens to them. We give them more money.
DENNIS KNEALE: There's no question that private solutions are always more efficient, always more productive okay? I'm glad we are having this debate today guys because it shows that we healed a lot since 9/11. But the morning of 9/11, when we saw those hijackings, I instantly thought Oh my gosh, we didn't have government, military officers in charge of airport security. I think we ought to split this baby we should have army, navy seals in New York, Washington, L.A., the big targets but for places like Orlando Sanford-privatize if you want.
DO TEACHERS' UNIONS HAVE STUDENTS' BEST INTEREST BY CANCELING CLASS TO PROTEST EDUCATION REFORM?
RICH KAARLGARD: Yeah I mean come on give me a break. The teachers aren't standing up for anyone else but themselves and the unions. I think all of us on this show agree that we support teachers but we support the ones that really care and what I really don't get about the unions is why they spend so much time protecting the incompetence the borderline pedophiles and people like that.
RICK UNGAR: Well you have to be a little bit careful here. I've always said I wish that unions would use some of that money they have to do a better job on public relations. This isn't a way to make your point. Going out on a day that school is supposed to be in session isn't the way to do it. With that said, if you look at what Governor Jindal has in mind its way too onerous. Look we have to decide are we going to support teachers or aren't we? We all pretend to. Yes we should be defending teachers who pull some these stunts like we have here in Los Angeles. They are sitting here in the rubber room for 20 years getting paid for having gotten in trouble. I don't support that, but if a teacher does a good job, we should not be attacking tenor. We don't pay them that well.
JOHN TAMNY: My concern with all this is yes let's get the reform, the teachers are all out for themselves but let's not nationalize this, let's not federalize this. The point about education, if we think it's important, let's keep it local the good school systems that do a good job that get rid of the pedophiles and the other bad teachers will attract parents and students. The ones that do badly will repel them. The idea that there should be national reform is what scares me.
ELIZABETH MACDONALD: Yeah you're right, and as you pointed out during the break, George Meany in the 50s as well. And the issue is happening in Texas, Wisconsin, California. Look we want to pay teachers, I'm with Rich Kaarlgard, but you know what? When teachers fib and say we are striking for professional development, that's not sending a good example for students.
STEVE FORBES: He was right and he also knew it would be undermining the trade unions which is what happened today. The government union workers dominates the movement. David, why not have dual system? If you want to stay with the public school system fine, if you want to take the money as a scholarship and go elsewhere fine. I trust parents more than politicians or unions.
INFORMER: TECH STOCKS THAT WILL KEEP HEADING HIGHER
ELIZABETH MACDONALD: Cirrus Logic (CRS)
DENNIS KNEALE: Oracle (ORCL)
MORGAN BRENNAN: Technology Select Sector SPDR (XLK)
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