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Forbes Media chairman Steve Forbes discusses spending cuts, and Marissa Mayer’s decision to put an end to employees working from home.
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Steve pulled the question I was not expecting this but I don't ask him anyway state.
Why and with the head of Yahoo! -- looking from -- This is an Internet company if I'm not mistaken about the value of the Internet was -- good will from home.
Well I think if she's trying to bring these particular people together and -- a small percentage of the work force the try to create a more spree try to create a company culture.
The way she handled the way they handle it was -- told botched first of all why do you need internal memo and it's only a handful of people given the size of the company.
She just go one on one here's what we're trying to do here is how we're trying to do what.
There wouldn't of had the big thing the other thing that hurts -- is the very fact that she is a mom about to be my she is -- -- woman.
The -- had done have been a one day story in the and that -- but.
Now the reaction is how could she of all people -- something like this yes -- that the idea of trying to create a culture a good thing the way she's -- -- -- But it's not a bad thing as you can see for the stop why.
If she's the kind of person apparently who learns from failure from mistakes that -- get success so well at the -- moving up.
Things in general that's how you answer a question which you were not expecting.
-- -- -- in full with meaningful response now that was -- Steve -- your role this -- -- that.
-- it's -- fact that I do my best -- you -- Virginia just.
I want mall on this if we take the spending cuts and most people think that would gonna get the sequestration the -- -- gonna happen.
You think that's good for the economy but what -- -- the other side says he just taking money house of the economy which doesn't do much for growth.
Hey where's the government get the money it's not from Mars it's not from my some manna from heaven the comes from you.
From borrowing from taxing -- printing money which is another form of taxation.
-- the resources come from you this the first time in years that they even notes only a penny on the dollar when you look at the real numbers.
Little over penny on the dollar that's not going to be extracted forcibly from the economy.
So it's like a little bit of relief you may have a huge headache but a little aspirin would help.
It seems to me to be pure politics that the president is insisting on -- old Washington monument thing when you have a cut even the small one.
Make it so people are gonna rise up in arms you have a little bit -- education cut make sure you gonna.
Closed down classrooms and stated get rid of administrative bloat you tell me -- of a three point eight trillion dollar budget you can kind of pending in the dollar.
Every family stomach every business is done it.
By golly it's time for the federal government has allowed the president will not allow anything thoughtful straight -- cuts across every single spending.
Bucket so to speak -- look at what you ultimately happens on that because at the end of the month we have this continuing resolution disaster where they don't do something the government literally shuts down.
So they have to pass what they call a continued resolution.
The house Republicans are putting in a provision that would give agency -- especially the Pentagon the flexibility to decide how the cuts -- to be administered.
The White House is resisting that this is the empire.
-- the empire striking back Stewart.
Big bloated government is gonna fight for every penny can get so even though it's only a penny on the dollar they're gonna fight fiercely for because -- focused on once.
Might be done again to put itself limited and is summarized this.
-- we would have these -- in place until the end of march.
And then because we need to all the guys on government finances those who haven't had a budget for women -- my just those cuts would stay in place was still be cutting the budget box.
Agency heads would be allowed to -- will call a conference budget we want -- -- now.
Yeah -- cut the school janitor but not the teacher will be able to say that after months -- -- -- that's what the Republicans are moving.
I don't see how the president could resist that what he wants resisted because it means the cuts will actually take place.
But for once the White House is now look right realizing its innate defense of position.
The Republicans hold fast pass that bill on the house senators gonna be hard put to resist it -- interest.
The president is now you think the -- can't believe how they want us is this just in this instance you think.
-- he's now and in terms of political game in Washington public perceptions we'll see but the Republicans are realizing.
If you fight on his turf you lose so stick to principle faster.
I have a lot more questions -- -- much equipment after adjusting for your good we -- -- -- being with us I appreciate it thank you and a.
