The blame game: Who's at fault for the poor economy?
Donald Trump weighs in
- Duration 7:04
- Date Apr 16, 2012
Donald Trump weighs in
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This transcript is automatically generated
But Donald Trump joins us right now -- is it true sir -- you did -- say that live.
I did -- Saturday and I drive it's having said that would you recommend it Mitt Romney say yes to the invitation.
For him reportedly he was offered that -- -- take it.
Well I think you'll be okay he's actually got a great personality and a sense of humor I think it would be -- little bit different but.
I think it wouldn't be bad for a match.
-- when Rudy Giuliani though put on address and so I.
You could use discretion that's -- it was a trip because it Arctic rooting for years ago.
So after the Olympic careful -- I think you do very well actually because it.
So if I mean if they're writers wrote all bad material foreign that would be the downside but the other side surf.
Would probably be that a lot of people who watched that show a lot of younger kids would see Mitt Romney -- and funny and that would be very helpful.
Well you know what I did it they gave me about 35 different skits and I could pick the ones I want it.
Hello you can use discretion and you -- you know make it's funny and make it good but you don't want pictures that the presidents could use on the candidate.
I don't isn't it interesting that we're discussing in 2012 the presidential candidates are gonna host Saturday Night Live I mean where have we come.
A -- I guess because -- don't want to pay attention to what's actually happening to our country so let's go back to Treasury Secretary Tim Geithner.
He has a theory Donald about.
Why or who is to blame for the bad economy business.
What happened was the crisis in Europe in 2010 and two -- eleven and then.
The crisis in Japan and then the oil shock.
Cause growth to slow and then eleven who has made worse by the -- the political drama around the debt limit which was very damaging to confidence you get more support from his opponents in congress.
And we can agree that more things pass that would put or go back to worst but work more quickly.
So he's blaming a lot of other factions and groups of people Donald but isn't the job of the Treasury Secretary.
To come up with policies that the he then recommends that the president.
Well the interesting thing about that -- is the one thing he's not blaming his perspective that it cut expenses and their expenses are going crazy and rampant.
And nobody is cutting expenses so you can't have much of economy what we're having -- sixteen trillion in debt.
And it's going to 21 trillion and a very near future so somebody has to look at the expenses and say you know it's time we have to start -- Yet it's what about taking responsibility.
Whether it's -- report caught or not I cannot this guy -- last week on Celebrity Apprentice went on his Treasury Secretary he doesn't take any responsibility for anything.
Well he's got a position -- -- -- really tested probably justified the job he's done -- positions he can't blame them.
He's got -- to stand up for it's everything's -- -- but.
Maybe it would be good if -- stick it up there -- certain things could've worked out better but the big thing is they are not cutting expenses.
No they're not and you would've fired him by now right you would have been fired now.
All right let's talk a little bit about what's going on Capitol Hill today it sounds like the Senate's gonna bring up the so called Buffett rule.
Where people make it in and this particular version they're gonna vote on people making more than two million dollars so would impact you would pay a minimum.
Why is the president pushing this so hard you know it originally it said is gonna reduce the deficit but now we know it's not really gonna reduce the deficit.
Well it's very very little money involved that affect a lot of people think that the money raised will be offset by the lack of jobs that are going to because by something like this -- -- money raised will be very very little I was actually surprised to see how little.
Not even to a point where it matters for the most.
All right 46 billion over ten years and so it's as -- it's a fraction but but here's the thing Donald does this just encourage.
People who've been as successful in our nation to find more loop holes when it comes to doing their taxes every year mortgage someplace else -- -- shouldn't -- but shouldn't we really be talking about tax reform.
Look we have people that are leading the nation international business vetted people that -- leading the nation to go to other places because they can do better in those places.
I'm not saying he's a great loyalists at.
But they -- leave the country to go to other countries that's what they do their business machines.
And we drive people -- we already have the highest tax rate there is from a corporate standpoint and probably from almost every -- standpoint.
So if you want to keep raising taxes I think that's fine but people are going to leave people have lots of choices they can go elsewhere.
And you know what happens that this is not gonna past say they're not gonna get the sixty votes in the senate but senator Schumer guy you know says he gonna have this thing all through the summer.
What happens is is it big player Republicans play into prison Obama's trap.
Well I think this is really just the populist -- -- -- Obama's doing and he's trying to do it and probably a speech with a certain amount of popularity at all serviced it's probably.
From a purely political standpoint very good.
The Republicans are gonna have to be Olympic Games if they're not Olympic Games they could have a heart attack because these are the kind of things that -- bad for the country but they played fairly well.
And you just said fairly that's what the president's pushing between now in the election is fairness.
And yet mr.
trump you know about half the country doesn't pay federal income tax.
Is that fair.
No it's not and it practiced even more than that as I understand that and it's not fair a large large percentage did not pay and -- suggesting that he uses -- Buffett.
Because Buffett is locked into a huge stack it's just disappeared right now the church where having to -- with net jets where they're trying to get close to half a billion dollars of taxes that he did say.
That is sort of an interesting thing we used it the Buffett rule but he's -- -- -- -- of the largest tax disputes in the country.
And you know that there's a whole thing go -- They're just like -- you can erase it Jon Corzine knowing that he's basically.
In the mired in one of the worst worst.
So -- -- scandals around former governor New Jersey got -- -- today apprentice last night let's take a look at who got fired.
Wouldn't you say that in retrospect and knowing.
After a discussion how good the executives sort of look pretty -- you should have probably brought.
Arsenio back even use I know you like coming.
I -- -- think he's I -- -- because I don't agree with him.
I didn't look at it at that -- but the problem is that -- the project manager and you lost and you didn't bring Arsenio back.
-- -- -- -- and I love that guy that -- -- it's hard.
Utilities -- is a great game is very talented guy actually but is a great guy did he offer to make you chopper.
You may it would be the 18 it's in the lobby of trump tower right now it's it's the best one I've -- -- the best quarters ever done.
It's in the lobby of trust our port 57 that says it's an incredible job well -- you out of motorcycle.
No it factors that -- they can give the guy get this thing is like 250 horsepower at this thing is like a monster.
So I support you think he could teach that are writing these had to be -- -- a motorcycle before it's that there is that this is not a good -- All right period -- a great week and we will touch base with you next week thank you very much for -- -- -- your head.