jbond007
02-05-2009, 06:06 AM
Donald Trump, businessman and CEO of The Trump Organization, knows a little something about money.
Donald Trump says President Obama is trying to solve the nation's economic woes, but it's "trial and error."
Trump spoke with CNN's Larry King about whether there should be executive pay limits, if there should be a stimulus plan and when there could be an end to the economic downturn. The following is an edited portion of the interview.
Larry King: Is Obama right or wrong to go after these executives with salary caps?
Donald Trump: Well, I think he's absolutely right. Billions of dollars is being given to banks and others. You know, once you start using taxpayer money, it's a whole new game. So I absolutely think he's right.
King: What about the whole concept of bailouts?
Trump: Well, it's a little bit different. A lot of people are not in favor of bailouts. You know, we talked about all the different things going on in this country. Let's face it, Larry, we are in a depression.
If they didn't do the bailout, you would be in depression No. 2 and maybe just as big as depression No. 1, so they really had to do something. The problem is they're giving millions and billions of dollars to banks and the banks aren't loaning it.
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Donald Trump says President Obama is trying to solve the nation's economic woes, but it's "trial and error."
Trump spoke with CNN's Larry King about whether there should be executive pay limits, if there should be a stimulus plan and when there could be an end to the economic downturn. The following is an edited portion of the interview.
Larry King: Is Obama right or wrong to go after these executives with salary caps?
Donald Trump: Well, I think he's absolutely right. Billions of dollars is being given to banks and others. You know, once you start using taxpayer money, it's a whole new game. So I absolutely think he's right.
King: What about the whole concept of bailouts?
Trump: Well, it's a little bit different. A lot of people are not in favor of bailouts. You know, we talked about all the different things going on in this country. Let's face it, Larry, we are in a depression.
If they didn't do the bailout, you would be in depression No. 2 and maybe just as big as depression No. 1, so they really had to do something. The problem is they're giving millions and billions of dollars to banks and the banks aren't loaning it.
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