Trump: Obama Made U.S. Laughingstock
Real estate mogul rips president, debt deal
- Duration 17:00
- Date Aug 3, 2011
Real estate mogul rips president, debt deal
Also in this playlist...
This transcript is automatically generated
Got -- and think you out of the debt ceiling many Americans have heard back and forth between the two political parties that if it hadn't -- -- to be something catastrophic would it have been catastrophic to the American.
I don't think so I think the Republicans tried hard but they didn't make -- good deal.
They did very little cutting but the worst thing of all and they could have had it.
And it was the one thing Obama wanted He wanted to bring it past the election because if they had this come due again before the election.
He could not have been reelected.
And why they agree to that I have no idea but in addition to that very little cutting.
And of course they don't even talk about the bush tax cuts because in thirteen they expire so taxes are gonna go through the roof.
So I don't understand you know people -- saying the Republicans made a good deal I don't think they made a good deal.
And people are finding out they didn't make a good deal Greta and it's a little like a lame duck the lame -- they thought they made this great deal with billions and billions and billions turned out to be 300000000 and 31 lead -- it turned out to be nothing.
This is the same thing people finding out but they should have never allowed this to expire after the election would have -- Would have done much different deal for -- would have had obamacare.
As a part.
I would've gotten rid of Obama care.
And -- they didn't want to do that because that is going to be very destructive for our country obamacare is disaster.
I people they're gonna close up their businesses friends of mine so I would've gotten rid of that and I would've gotten much bigger cut.
-- -- -- though putting us into passing that ceiling because Republicans and and then Democrats right so this that's essentially and there were no agreement will it have gone past the deadline for the debt ceiling.
Well that was an artificial and so that -- matter.
It was a date set by Geithner and I think it was totally artificial.
But I don't think the president would have allowed that if they asked for tougher deal you know I heard when -- -- and many others it's frankly four trillion by -- Well it's nowhere near those numbers and those -- the kind of numbers you need it.
So they really didn't get it they didn't make the right deal.
And they really launched Obama's presidency because this is not going to come up again before his president comes up after the presidency what are they doing.
Now that Democrats say that the reason in the present -- -- they -- -- off to 2040 doesn't say because the election.
But rather to give some sort of stability to the visit that mean anything -- It's -- as He didn't -- coming up.
Look right now if He -- you beat him anybody would be him because it's been such a mess that's been so bad and it shows he's.
So great okay.
So anybody would beat him if this happened again but you know you have a very short memory -- people have a short memory everybody -- a short memory.
If this happened again a couple of months before the election -- is no chance of winning the election.
And that's what they should've done now eventually He -- Kate.
If they don't yes as I said and I said the issue to a three weeks ago.
The Republicans had all the colors they had to collect.
They could have made a much better deal much better cuts and it shouldn't expect unless they got it all right that it would have had -- -- at all.
You know -- they got what they want -- 100%.
That it doesn't come -- and that's fine for Obama that's fine for everybody but they didn't make a good deal and it comes due to late.
So you're gonna have may be Obama as a president again.
They did it with lame duck He rose like a Phoenix He was Jimmy Carter He -- like Phoenix they did it -- with the lame -- was a disaster.
Because they brought Obama back now they've done it again and I think it's -- very serious mistake that the Republicans.
There's a second -- -- these -- -- committee.
Of members of the house the -- both both sides out.
Is that an opportunity to to achieve something that is another stage of what use is is not a good plan well I think it's a great opportunity but every time the Republicans negotiate -- give the wrong things away.
It's almost like they negotiate hard for the small stuff but big stuff like the election you know they may have given.
The presidential election -- now we're talking politics may be more than what's good for the country.
But ultimately what's good for the country is to get a new president because we have a president now.
That has made this country the laughing stock of the world.
In terms of the deficit that the -- -- out negotiate the Republicans in your mind or and not out negotiate.
You know even the members of his own party that aren't happening this deal would actually think that the Democrats made a better deal than the Republicans is to cut toward people like it was supposed to -- And the big thing was the presidential race gets you know really I mean He could win this race much easier now.
Look the Republicans to really do it right have to take over the president's.
They could've taken over the presidency if they made this a little bit short -- -- coming -- after the election it.
It can do before they like they did -- that white Republicans agree that.
What about the ducks should like to do that -- mean they brought Obama back and now they brought him back again.
So if I were robbed me and it offers -- -- where's He bit He should have been at this and listen I'm running.
And I don't want this thing to come do after the election mean what does that tell you about -- Romney has been missing in action.
He hasn't done everything and He should've been out this thing up everything I don't care about cuts I don't care about it -- I want this to come due before the election.
I think a lot of the reason -- -- won big Enron is that people -- certain tiptoeing around this topic is people feared that if we did hit the deficit -- that it would be catastrophic that the markets would somehow take the plunge.
That the credit ratings would downgrade us that -- interest rates go up and that there be some sort of economic catastrophe.
Regret it if you look at who use the word catastrophic that's -- ordinary as well this is what's catastrophic.
We have fifteen trillion in debt right now -- word we never even heard two years ago trillion trillion there was no word trillion.
We have fifteen trillion in dad.
We're going to 22 trillion under this agreement and probably a lot higher than that.
Nobody knows what they're doing it to me that's catastrophic.
Not that we're gonna miss an artificial date set by Geithner.
And you look at the stock market -- the stock markets go down after the deal is made that means people that are smart people financial people say the deal was no good.
So when you use the word catastrophic I think it's catastrophic that we -- fifteen trillion dollars and we're going to 22 trillion dollars to me that's catastrophic.
And we're not respected in the world.
Hey look I have many friends in Asia many friends in South America -- -- apartments for me they do a lot I mean a lot of money dealing with the Chinese believe me.
These people call me actually.
We can't believe we're doing the deals would do -- the United States is not respected anymore because leaders.
Is it ideology or is it crashed and business or because the answer it's the act politics what is it.
I think it's everything but I think it's also the fact that our leaders are not as smart guys leaders in the country countries they -- you still it.
And acting crazy you say the president is smart I don't think when -- certainly -- smart when it comes to business he's certain that smart when it comes to running that country.
I don't think this country has ever been.
As we are right now of the country's lifting us to deal with these people alike -- difference -- -- and even some of the leaders I know them.
I respect them I think they respect me.
I don't hold it against them I mean I wish our people would be able to do what they're doing.
You look at what's going and you -- products from China it's from all over the the president expect that I don't think He thinks about it I mean equally as his campaign.
I think what -- is he's a pretty good campaign I don't think he's a great campaign -- it's actually Hillary was really.
Excuse me kicking his -- at the end I mean you know if -- got started late.
-- should've done what she did.
But He really leaped across that line.
I don't think it's a great campaigner I think he's a good campaign.
I think that's -- strength is campaigning He never made a deal in his life except for his house in Chicago which is a very suspect deal.
He's very bad for this country.
And it's very important that we have a great president this country and I've said this before.
We are in big big trouble.
This country doesn't need a good president we need a great president well we're not gonna come back from long long time if ever what about speaker banner and that's Harry Reid the senate they really tried all three -- including -- I think they really tried hard.
But in the end and I respect them.
But in the end they missed.
A couple of the very big points including what is it about the election and importantly implement what I said about the cuts.
They could've done that cuts -- see you don't need the committee what do we need committee.
All we do -- have committees in this country that's the problem is junk they wanna realistically they build the -- starts two days if they could see.
All we do in this country it is have committees -- have a committee that going to be fighting why couldn't we have done this last week.
It's not so we needed five trillion cuts -- -- trillion -- cuts they couldn't get this so they point to commit.
One of the things that you've talked about a lot.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- How -- get the business people to have more confidence.
That now's the time to go out and fast.
You need new leadership.
That's it's that simple service.
They have no confidence.
About -- why not.
You look at oil you look at all of the things we have tremendous -- as -- resource is as an example we have tremendous energy resources in this country.
Because it EPA and other things we can't get -- we can't get -- on energy.
Mean we have -- much energy.
We would never need Saudi Arabia would never end and these countries I mean what they're doing you go.
To Saudi rape you go to China.
You go to Abu He -- -- airports you wanna see -- -- He wrote.
Unbelievable that paved and go and you go to LaGuardia Airport it's like from a Third World country you're good at Kennedy Airport you go to -- here.
But -- -- -- -- percent of the LAX.
That happened and that that -- to President Obama -- investigated president Bob.
This -- that bit leadership -- look was I ever big fan of bush you know I was okay.
The fact is we've had horrible leadership.
But right now we have probably.
The worst -- we've never had especially when it comes to rebuilding our once great country.
When the great country -- what everyone's talking about investment you know the other day -- had somebody up well here's what you should invest where.
Indeed so what about units -- that would -- well well that's much.
Invest in China invested -- invested every country but our country now these -- Wall Street geniuses.
And they say.
Put your money here -- They don't want our testimony in this country how -- they had no confidence.
In this country about Steve Austin went -- very good friend of mine I heard this statement and he's exactly right.
Are any businessmen.
-- Now you're -- I don't that this is you take a lot a lot of this mess we've just got to sort of ride it out I don't know I mean who could go wrong.
Look what's going on with the country will have to.
I mean what is this man could say I'm wrong I have people calling me how wonderful people heads of steel companies -- it will companies' -- of everything.
How can -- possibly.
That I'm wrong our business is going to -- We don't make up products anymore we don't manufacture things anymore you look at computers -- made in different countries you look I don't thousands of televisions for a hotel.
-- -- -- Like 2500.
-- made in Korea.
-- -- -- -- -- -- -- Forget it.
By the way they're not big enough they can't make -- mean I guess this someplace in the country.
But when you need 2500.
Sets so I've got LG.
-- -- Jean -- in South Korea.
And by the way and we protect South Korea we protect them and I think when North Korea loves the missiles over them we send ships -- that yes no.
-- -- Very stupid but that's been an app for quite some time well it's got this up that they absorb several hundred yards with one.
If the Republicans pick.
The wrong person which is very possible.
And that the economy continues to be -- which I think it will -- we have truly incompetent leadership.
I am giving it and will give it very serious -- you and -- -- this will be a very.
Very respected country again would be a great country can't you know what's -- -- Even more some of the things going on so basic.
I watch the politicians talk about jobs.
And this morning and one of the shows they were saying we don't know what we're gonna get -- yeah -- know what we're gonna you know we're gonna get him from China and we're gonna get from other countries.
That are taking to a large -- it's easy.
They don't even mention they have no idea.
They don't even mentioning granite it is varies day you said you would run and if the cash -- it well our economy continues to and -- the Republican candidate because I love what.
What do you know I love what armed I don't want to do it.
I think I love this country.
One than anything I love this country.
This country is being abused it's being taken advantage here and it's being run by incompetent people.
I won't be looking your criteria most people predict that the -- is not gonna come out of this mess in any any near near future.
So that's -- I agree with us I think so I -- it's gonna get worse -- of that criteria of what you say that's that's a done deal I think regrettably I think that at least I think -- -- the other if I think that I think that you will be back the other is if there's some other Republicans that emerges.
And you mentioned -- -- -- the front runner and you don't have high marks and because -- come out of this debt ceiling.
Discussion is it -- -- don't give him high marks.
The thing with -- Romney I I wasn't in love with the job He did in Massachusetts.
He wasn't popular use a one term governor didn't have high approval ratings I don't like that you know like like a guy that's running for president to be the most popular guy you -- The Romney care was obviously you -- not a good situation.
And I hate what I'm seeing now where He should have been -- he's a front -- He should have been in that telling the Republicans.
To make sure this thing comes due before the election because anybody would win the election of that with a case.
And they lost that point.
And He never made a statement until after everything was I mean he's He -- -- he's missing in action I don't understand it.
He should've been a big part of this he's the leading candidate He should have been a big part of this negotiation so I don't know Romney.
I'm very disappointed in him in terms of this negotiation is that -- in terms of your support for not not.
I mean we'll see what happens I mean we've got a long way to go.
But I was very disappointed I kept saying.
In fact they did it would you the other thing in the followed with Romney.
Because He should have been a part of this negotiations because he's a very possible.
Person to run against.
Another top to your purses and represented.
Machines satisfy you in terms of what it or not -- you know she came to the -- As it's Erica became the -- not to get -- Aetna separately a couple of days later.
I likable along I liked him a lot that we had the famous -- Incidentally is -- You know -- -- -- like why did you are because secondly it's right.
But -- united five.
And don't do that too and it's fine and this individual thought apart obviously this latest is that to happen that's another good reason -- -- would -- you know.
I want to be nice and it took a little but it -- -- but I think series terrific.
And Michelle Bachman was up and I think she's really good -- now.
Sarah I don't know if he's running I think she probably isn't but I really don't know I'm actually she's made up her mind.
I think -- -- -- really waged a good campaign I think it very very good person I think she was hit very hard and very unfairly.
Recently with a -- thing I think was a very very unfair thing.
The way it was brought up and how it was brought up.
I think she's very good person I think that Sarah Palin is absolutely terrific person I don't know Romney.
-- this is a world where really today.
Everybody has achieved if you look at what's going on this country.
Honestly I think people want somebody tough and smart.
Not just tough.
To be very smart you have to be very cunning enough to know what you're doing this country can be turned around again it can be great again but right now world --