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Detailed text transcripts for TV channel - FOXNEWS - 20100821:15:01:00

Expecting the law to add 9% to their cost. someone here says guess what they re cutting to pay that extra 9%? jobs. hi, everybody, i m david asman. welcome to forbes on fox. let s go in focus with steve forbes, elizabeth macdonald, rich karlgaard, quentin hardy and stephane fitch. steve, a lot of companies say this will cost us more and we can t afford to hire more workers. it s very basic. when the cost of hiring goes up, you do less of it. if you don t know what the rules of the game are, you hold back. that s why the cash is not put to work. it s having more perverse effect on small businesses. they re in a mood to shovel it off to the government. yes, it is costing jobs. basic arithmetic. higher cost of hiring, you do less of it. david: basic arithmetic. you ensure 20 million more insure 20 million more people, it will cost money. be clear. this is an argument about perception. they think it is going to go up by 9%. ....

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