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>> a new $15 billion plan for homes and jobs. president obama says sprucing up vacant foreclosed homes will help rebuild the job market. rich, you say it's not going to work. why not? >> because they're fake jobs. they're jobs that don't lead to other jobs. what we should do is create enterprise zones that jack kemp talked about, low tax, rates and so forth that incentivized business to come into these bombed out places where there have been tremendous job losses unless you see all these mortgage foreclosures. we need real economic growth and some employers who create jobs. not the government....

These investments and there is a wealth of data that shows that some of these investments have been very wasteful. going back to natural gas, there is a lot more the government can do. great example, we should be building out infrastructure with some of our green money to be ship to go places like china where demand is skyrocketing. >> a big battle over that right now. the question is, which side the president will come down on. but steve, the fact is that so often behar lip service given to things like natural gas. but look where they're spending the money and it's on these battery issues tha...

Export it. >> rick, you're against government waste. this was an incredibly was program. is this the place we should start cutting? >> i actually came up with a very short quote that i think speaks to this point better than i could ever hope to. so i'm gog read it. federal investment in science and basic research has led to numerous innovations and commercial successes from laser lasers, from the internet to mri scanners. do you know who said that? mitt romney in his book "no apology, the case for american greatness." that is the point. look, government has always been involved in our greatest...

Them they was, they'll be able to turn around and make a nice profit. >> sure. people in the private sector will do those homes a lot faster and cheaper than the government will. and the reason why youngstown is turning around is because ohio has a republican governor who is pro business. [ laughter ] >> all right. john, what about the specific one, $15 billion is what the president wants to spend. he says it will create jobs and you say? >> yeah. i'm listening to rick. he resides in the scene of the world. he sees those jobs created in youngstown and says, oh, wow, look at what the government...

Misuse in a green grant. 150 million taxpayer dollars going to electric battery company where inspectors found employees playing video games, card games, cards, working at animal shelters, all while on the clock. and the only batteries they're building, so far they're in south korea. we keep hearing stories like this. so at a time when we're desperately looking for places to cut the federal budget, is this a perfect place to start? hi, everybody. welcome to "forbes on fox." let's go in with steve forks, rick you thinker, elizabeth mcdonald, morgan brennan, rich carlguard and mike. steve, if yo...