Please ensure Javascript is enabled for purposes of website accessibility
Forbes Talks Deregulation, Supports Trump at Fresno State
David Website Replacement
By David Taub, Senior Reporter
Published 6 years ago on
March 26, 2019

Share

Steve Forbes believes Donald Trump is on the right economic track. But, sometimes, Forbes adds, the president gets in his own way.

The chairman of his eponymously named financial media empire talked to reporters before his lecture Monday evening at the Save Mart Center.

“If (California) made some changes in its regulations, its output would be setting records for the ages.” — Steve Forbes, CEO of Forbes Media

The lecture was to be followed by a question-and-answer session facilitated by Dr. Robert M. Harper, interim provost and vice president for Academic Affairs at Fresno State.

Forbes, a presidential candidate on the Republican ticket in 1996 and 2000, continues to espouse his free-market economic views, shying away from most social topics.

He took continued swipes at overregulation, a taboo in Forbes world.

“If (California) made some changes in its regulations, its output would be setting records for the ages,” he said of the Valley’s agricultural economy.

Click on the video above for the answers to questions posed by GV Wire.

Forbes on Trump, Immigration, and Tariffs

— His thoughts on the Trump presidency

“I’ll be blunt. He’s sometimes is his own worst enemy, in the sense of stepping on his own stories. They’ve done some very good things. On deregulation, very unglamorous … regulation is a form of taxation. What they’ve done in a very systematic way of getting rid of unnecessary rules and regs, is remove a huge burden on business. One I’m mentioning (in my lecture) tonight is manufacturing.

— On the economy

“The economy is in pretty good shape. The first quarter is going to be a bit of a disappointment for a variety of reasons — uncertainty about trade, fallout from the government shutdown, and people wondering what lies ahead in terms of these trade agreements. Once those are resolved, and I think they will be resolved, the economy should do well in the second half of 2019, going into 2020.”

Forbes also praised Trump for going after the Federal Reserve, and called for comprehensive immigration reform.

— On Trump’s tariffs on China

“Tariff is another word for sales tax. So, when we put on tariffs, we are putting on sales taxes on products that American businesses and consumers buy. That leads to retaliation which hurts products we sell elsewhere. … A more productive approach would be going after specific companies, specific industries, specific banks that are carrying out the violations.”

— On Rep. Devin Nunes’ lawsuit against Twitter and some of its users

“One of the things when you get technological advances, you get a whole new law coming with it. I’m not sure (the lawsuit) is going to go very far, but you get a lot of these things. … I can understand his frustration. He’s been treated terribly. He, by golly, has done really courageous work trying to find out what happened in 2016. And, he’s paid a price for it. His family paid a price for it.”

Forbes List of the World’s Richest People

“People like lists because it gives them a snapshot, this case, of what’s happening in the global economy,” he said. “We want to know what is doing well. What area in the world is creating wealth? What businesses are coming up? What businesses are slowing down? What is amazing is how much that list changes each year.”

Forbes said that that the last of the Rockefellers is off the list after the passing of David Rockefeller.

Forbes visited Fresno State in conjunction with the President’s Lecture Series. His appearance was co-sponsored by The Fresno Bee, Valley PBS, KSEE24, and KMJ News Talk Radio.

DON'T MISS

Wired Wednesday: CEMEX’s New Mining Plan for the San Joaquin River

DON'T MISS

Trump Fires NSC Officials a Day After Far-Right Activist Raises Concerns to Him

DON'T MISS

China Halts Approvals for New US Investment Projects

DON'T MISS

Measles Spreads to Central Texas; 5 States Have Active Outbreaks

DON'T MISS

Trump Tariff Fears Erase $2 Trillion From US Stocks

DON'T MISS

Startup Offers Controversial Microplastic Blood Cleansing Treatment

DON'T MISS

Senate Confirms Mehmet Oz to Take Lead of Medicare and Medicaid Agency

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

Pence Will Receive the Profile in Courage Award From the JFK Library for His Actions on Jan. 6

DON'T MISS

Politics Turns Ugly for a Conservative Running for Fresno State Student Body President

UP NEXT

Measles Spreads to Central Texas; 5 States Have Active Outbreaks

UP NEXT

Startup Offers Controversial Microplastic Blood Cleansing Treatment

UP NEXT

Pence Will Receive the Profile in Courage Award From the JFK Library for His Actions on Jan. 6

UP NEXT

Politics Turns Ugly for a Conservative Running for Fresno State Student Body President

UP NEXT

Order That Kept Water in the Kern River Reversed by 5th District Court of Appeal

UP NEXT

No More Calling ‘Shotgun?’ CA Could Ban Teens From Riding in Front Seat

UP NEXT

Valley Crime Stoppers’ Most Wanted Person of the Day: Christopher Robert Sharkey

UP NEXT

Diehard Baseball Fans in Sacramento Welcome Athletics and Hope They Stay Awhile

UP NEXT

Flores Homers, Matos and Wade Also Go Deep to Help Giants Cap Sweep of Astros

UP NEXT

Fresno County Authorities Need Help Finding Family of Alejandro Solis

David Taub,
Senior Reporter
Curiosity drives David Taub. The award-winning journalist might be shy, but feels mighty with a recorder in his hand. He doesn't see it his job to "hold public officials accountable," but does see it to provide readers (and voters) the information needed to make intelligent choices. Taub has been honored with several writing awards from the California News Publishers Association. He's just happy to have his stories read. Joining GV Wire in 2016, Taub covers politics, government and elections, mainly in the Fresno/Clovis area. He also writes columns about local eateries (Appetite for Fresno), pro wrestling (Off the Bottom Rope), and media (Media Man). Prior to joining the online news source, Taub worked as a radio producer for KMJ and PowerTalk 96.7 in Fresno. He also worked as an assignment editor for KCOY-TV in Santa Maria, California, and KSEE-TV in Fresno. He has also worked behind the scenes for several sports broadcasts, including the NCAA basketball tournament, and the Super Bowl. When not spending time with his family, Taub loves to officially score Fresno Grizzlies games. Growing up in the San Francisco Bay Area, Taub is a die-hard Giants and 49ers fan. He graduated from the University of Michigan with dual degrees in communications and political science. Go Blue! You can contact David at 559-492-4037 or at Send an Email

Measles Spreads to Central Texas; 5 States Have Active Outbreaks

13 hours ago

Trump Tariff Fears Erase $2 Trillion From US Stocks

13 hours ago

Startup Offers Controversial Microplastic Blood Cleansing Treatment

13 hours ago

Senate Confirms Mehmet Oz to Take Lead of Medicare and Medicaid Agency

14 hours ago

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

16 hours ago

Pence Will Receive the Profile in Courage Award From the JFK Library for His Actions on Jan. 6

16 hours ago

Politics Turns Ugly for a Conservative Running for Fresno State Student Body President

16 hours ago

Pentagon’s Watchdog to Review Hegseth’s Use of Signal App to Convey Plans for Houthi Strike

16 hours ago

President Trump’s Tariffs Could Be the Political Tipping Point

17 hours ago

Order That Kept Water in the Kern River Reversed by 5th District Court of Appeal

17 hours ago

Wired Wednesday: CEMEX’s New Mining Plan for the San Joaquin River

GV Wire’s Edward Smith talks with KMPH Fox 26 “Great Day” anchor Christina Rodriguez about the possibility of CEMEX digging a 600-foot hole ...

11 hours ago

11 hours ago

Wired Wednesday: CEMEX’s New Mining Plan for the San Joaquin River

President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House, Wednesday, April 2, 2025, in Washington. (AP/Mark Schiefelbein)
11 hours ago

Trump Fires NSC Officials a Day After Far-Right Activist Raises Concerns to Him

12 hours ago

China Halts Approvals for New US Investment Projects

13 hours ago

Measles Spreads to Central Texas; 5 States Have Active Outbreaks

13 hours ago

Trump Tariff Fears Erase $2 Trillion From US Stocks

13 hours ago

Startup Offers Controversial Microplastic Blood Cleansing Treatment

Dr. Mehmet Oz, President Donald Trump's pick to lead the Centers for Medicare and Medicaid Services, seated right, gives a thumbs-up alongside his wife Lisa Oz, seated left, with friends and family after he testified at his confirmation hearing before the Senate Finance Committee, on Capitol Hill in Washington, Friday, March 14, 2025. (AP/Ben Curtis)
14 hours ago

Senate Confirms Mehmet Oz to Take Lead of Medicare and Medicaid Agency

16 hours ago

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

Help continue the work that gets you the news that matters most.

Search

Send this to a friend