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'The Donald' sounds off on Obama's 'You didn't build that' furor, Mitt Romney's trip overseas, the state of the US economy and more
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-- it's a pleasure.
Democrat says the president is picking a fight now with him but when business owners -- Obama taken a lot of heat for saying if you've got a business you didn't build that.
Now the president says he meant the business owners didn't build the bridges and roads and that businesses need.
What does Donald Trump thing we asked him earlier.
I'm stuck to -- -- -- I don't the -- president has said that that you did not build it and he says that that.
Rowdy campaign has taken his statements out of context.
I'm curious about your thoughts on the what the president meant -- -- -- you took what he meant when he talked about -- people not building and that realizes there's more to the quote than that but.
What's your thought on -- Well I think clearly it's a very very tough statement people are very upset -- it it really has energized a lot of people in this country.
Because maybe the truth is coming out finally about President Obama and his attitudes -- Is a very very hard thing for people that work forty hours a day on whether it's building a business or just working on jobs where they build a great things.
It's very hard for those people to take when they hear a statement like that it's a very very difficult statement toward them -- This reflect even bigger right ideology and -- a real difference between the two candidates.
President Obama thinking perhaps of the -- a greater role in helping business.
And the Republican view -- around his view is that is the individual.
Who has a greater role in making in building business.
Well I think it does reflect ideology it is no question about it I think this is where.
Obama comes -- -- first first place this is what he really believes this is what he thinks it's I think he wished he didn't make -- statement because it's gotten tremendously.
And you see other things I mean not only this but other things so leading to a point where -- As of yesterday Romney is leading in various polls and doing very well also.
That people are not wanting to hear that in this country when you look at what's happened with this country -- this country has built itself -- -- From its bootstraps I mean how they've worked people have worked so hard didn't.
Forget about Donald Trump I mean people and I do work hard and I'm proud of that but people are working hard and they hear statements like just.
They don't like get.
Vice President Biden has said that the wealthy do very very well and did not need -- tax cut now I think it's indeed true that Donald Trump you're very wealthy you do not need a tax cut.
But tell me how a tax cut of the continuation of the of the existing tax rate for you.
What it does for you in terms of job creation are you -- unlikely to create more jobs but stays as it is Horry or are not what's the really impact.
And -- business.
I don't look at what's happening right now it's -- everybody's just holding back nobody knows what's going to happen to nobody wants to invest induced climate.
And people that have money -- holding packed bags are afraid to make -- it's a mess and you look at the tax issue look at what's going on with the -- where some people -- just take -- -- you have about.
Almost a majority now people that don't pay any tax in the country and at some point it's got to stop it's something I say that I don't hear a lot of other people are saying is where's this money being spent it's.
You know they raise your taxes and they keep raising your taxes and then you look at -- and you look at all -- these horrible investments that -- streets investment.
And thank you should be making not our government our government should be make -- an investment so index.
So what -- they take.
Hundreds of millions of dollars and then just below it in in a matter of weeks -- And this is where our tax money goes it goes to Iraq -- it goes to other countries had no longer respect just don't respect -- It's going to blow the hell is seriously what happened with Iraq guess there were a hundred people were killed and -- where there -- one point five trillion dollars.
And we have nothing to say about it so a lot of people not only disagree with the tax hike to.
And you're talking about a very substantial tax like I want to know.
Where is that money going to do is it going to continue to be thrown away like they've been throwing it away it's a very typical -- and -- just.
-- -- -- -- -- We are in such a fragile world right now in terms of this economy.
That to be raising taxes now or job produces is a very very dangerous thing to be doing.
What I is very dangerous but has seen direct impact on your job creation and I'm curious whether or not as -- -- -- matters that.
He won't forget whether we of people think it's fair or not fair weather you know whose pain can't who's not -- taxes would -- shot -- tax hike.
Have an impact on how many jobs Donald Trump creates begin in January 1.
Well -- good but if you look at obamacare that's -- 21 different tax hike you know do you look at that I was reading this morning that.
There are in there 21.
At a minimum.
But 21 different taxes.
And you talking about a tax hike of 21.
Different taxes and in some cases new taxes being put on studied at the Supreme -- said it was attacks so.
You look at that and you add that with everything else and it certainly doesn't have an impact -- talking about small tax increases were talking about very major tax increases its.
And maybe the biggest tax increase of all -- obamacare.
Well -- hit one of the things I think that should be.
Put into the mix and discussion is that at least -- I've seen the estimates is that.
If the tax cuts do expires to those who make more than 250000 dots here it means that we can fund the federal government for another eight days I don't know going to buy another it's there in every seven days a -- -- and yet as set so I'm trying to is sort of like the eight days worth that any sort of -- in -- -- the people who might create jobs if they don't if if they have a continued tax that.
That's what I'm trying to match.
The answer is no what -- you look at what Ronald Reagan did he started cutting taxes and the economy started to grow and it became great.
And frankly it's such a wrong answer and people really have other choice is still people the list money.
Can go to lots of other countries to -- they can go to China.
They can go to India they can go to many other places just don't -- -- in the good old days where you go to a different state.
If you don't like New York you can go to Florida.
Today if you don't like -- this country -- you don't like a certain area where you are because taxes are too much you can invest in other countries and you can -- -- five hours sort of playing so itself it's a very different world but it was even ten years ago.
Our secretary treasury I'm Geithner today testifying before the house financial services he -- this in part.
And I'm curious whether or not you agree with them he said that that it what is happy in that country is -- that.
Then as an app as a result of the Obama administration policies that increased credit to -- with that is becoming more available at banks.
Has is that true do we have -- more stable banks it increased credit.
If you're very rich and if you want to borrow money if its Donald Trump believe me it's very easy to borrow money.
Right now it's very very easily and I get it it's such a low -- -- incredible.
I've never seen anything like -- if you're a very fine person and a very good developer or businessperson.
And you trying to build a business and you want to borrow money you cannot get money at -- -- -- banks are not loaning money to people who want to build businesses and it's.
That's a real problem for the -- it's never been like just.
So -- rates -- very good if you don't need -- money if you don't want money they want a loan you money.
If you need money you cannot borrow it at any rate.
But so is there.
Is that people go lot of build things and -- gone to great things but they also but they borrow money in order to have that happen if you're not a Donald Trump if you're not a every not a billionaire necessarily a millionaire.
Are you able to get credit to expand your business right now is get this a secretary -- that credit is more available.
The answer is no you cannot get credit if you need money to build a business that your very solid citizen with good credit ratings and everything but you need money.
To build a business but you don't have a lot of money -- -- great ideas and and great concepts and it's a wonderful business -- development to but we're -- You cannot get money.
Now is there anything that the Obama administration has done that you think is really Smart.
To help the business community to -- jobs.
Look I think they're trying obviously they have to be -- it's inconceivable to think that they're not.
But certainly not a lot is happening to help the business community businesses -- some.
They're -- total to -- right now I think it's just not.
Moving they're afraid to move whether it's Obama care happening and what's going to be the next thing that comes down the pike.
So business is not moving -- stagnant.
Which they don't have confidence I'm sure they're trying.
You know what I mean guy -- -- says the -- but it's not happening Greta it's just not happening.
But that's sort of feeds into the recent Gallup poll is that two to one it apparently.
The American voters polite president Bob up more than governor -- -- and president Obama's electability factor is is two to one better than.
Governor Ronnie but like ability.
You know it is -- -- -- is that a reason to vote for some.
Well you know it is always a reason to vote for someone I happen to think Mitt Romney is a very nice -- -- look at this family it's a great family his wife is an amazing woman -- great woman.
And I happen to think he's a very very high quality nice -- -- solid as the roster I can't understand why.
Just popularity isn't through the roof because frankly is every single quality.
You need for electability is a great person.
If you talk -- Republican or even visit some business people.
Then they make -- then make you think that's gonna actually catastrophic.
If -- Obama is reelected in terms of the economy.
And and and businesses and job growth is is no matter of who was elected can the business community.
Respond to it can you adjust to anything or is it going to be catastrophic.
Well it's certainly not going to be very positive I mean there -- many people that are waiting to see what happens with the election and if Mitt Romney gets into going to be investing into going to be going wild and they going to be creating jobs as if Obama gets it I think they're going to be very very upset.
And go to lots of other places they have very little confidence in the country.
I isn't trying to trio what's the scare factor mean and I am I -- the scare factor from some people or.
Do you think it's you know alleged in these are -- very serious times and it makes a big difference on those tax -- the tax credits -- -- -- text about.
Rates are extended or not.
Well I've been saying and I've been saying for a well I think this is sort of the most important elections this country has ever had.
There's a whole psychology.
He started off this interview talking about building businesses and you know what the statements were and everything else the -- is.
That is a mindset right now that we didn't do it that people that -- -- didn't do it.
It had virtually nothing to do that well that is that is not what it's all about and that's not what this country is all about so.
I think that people are very nervous and I think they're actually in many cases scared.
Business people hardened veteran business people are scared to see what would happen if Obama gets a second term.
-- thank you -- just.
