posted on Jan, 17 2008 @ 03:39 PM
I just finished watching a very good interview Cavuto conducted with Donald Trump.
Trump discussed the economy, Fed Chairman Bernanke, how he feels that the banks should not be helped (bailed) out by the government, Presidential
candidates and why he won't run for President.
An extended version of the interview will be on Neil's 6PM EST show on Fox Business channel.
I know, I know, most people can't get that channel yet
I hope that there will be a video of this put up on the FNC site. I will post it up here when I find it.
Just from memory, Trump said we are in a recession, he said it hasn't hit Manhatten yet but he expects it to in the near future.
Bernanke is behind in his efforts to stabilize the markets, Trump stated that the Bernanke should be AHEAD of the game, and suggested that the rate
needs to be lowered by a full point the end of this month and another .75% later on for a total lowering of 1.75% to help the economy.
Trump was concerned that the banks are selling their soul to terrorist countries and communist countries to raise capital, and that the banks
should not be bailed out by the government, if some of the banks go under so be it. They should suffer for the bad business decisions that they have
He also compared to the foreign investment today to the Japanese companies who bought up alot of the land in the US during the early 90's trouble and
that they (Japanese) lost their hind end after that investment and wouldn't be surprised if these current foreign investors have the same
thing happen to them in a few years.
Trump called OPEC a monopoly (if they were a business in the US, they would be imprisoned) and suggested that the President should have been much
firmer with them to demand that the prices be lowered. He said it was not a coincidence that when the FED lowered interest rates to stimulate the
economy, that OPEC's oil prices increased negating the effects of the rate cut.
He discussed some Presidential candidates, and when asked if he would run he said that he was to honest to be President, basicly meaning that he will
always speak his mind, as an example he stated he would be on the phone with Saudi Arabia and tell them to lower the oil prices to $30 barrel (I think
that is the figure though I don't know how he came up with the number) or else. He said if it wasn't for the US protecting them they wouldn't be
there in the first place. (I assume he means the Saudi regime).
I may be a little off on specifics, but I am sure a video will surface soon.
I just wanted to alert those who might have the chance to catch it on Fox Business.
I enjoyed the interview very much even if I didn't agree with everything he had to say.