And keep in mind that Trump suggested that “the right people, like Goldman Sachs” should be in charge of bailout money.
Well done!
That’s how we vet candidates. I’ll word-search that and BRB.
Trump, Goldman Sachs, and the 2008 Bailout:
http://www.foxnews.com/story/2008/09/26/donald-trump-on-700-billion-bailout-plan.html
[Cover ‘Sachs’ in the next post, but I could not resist posting this first.]
[snippets ...]
If you did not spend hundreds of billions of dollars on a yearly basis on the war, and if we got oil down, or if somebody knew how to speak to OPEC the proper way, the hard way, the tough way, so that oil would be down to $50, instead of $150, and now it is dropping â and, as I always say, all over the world, you have ships, tankers loaded up with oil.
There’s so much oil, people don’t know what to do with it. And, yet, because of OPEC, that is the story. It is very sad. But, if we got rid of this war, and if we got oil down, this country would be unbelievable.
[snip — already thinking about ‘Art of the Deal’]
TRUMP: On your show two years ago, I really â I mentioned the word depression then. [2006 evidentally]
[snip]
[continuing ... link above]
So, wouldn’t this be a more expensive version of that?
[More expensive 2008 bailout ...]
TRUMP: It could very well be.
The fact is, nobody knows what is going to happen. The day it is passed, maybe things go to hell anyway. Nobody really knows what is going to happen. But, psychologically, people want it to happen. And, if you have the right people running it - and that is the big question, but, if you have the right people running it, you can make a lot of money.
You can take over companies, and, frankly, take big chunks of companies. If you loan this money the way Goldman Sachs perhaps used to loan money, or whatever, you would have â I think you could make some phenomenal deals.
CAVUTO: Well, you have done some phenomenal deals in down â in soft times. There is talk here about getting some sort of an economic czar in either a Republican or Democratic administration. Would you ever be interested in that?
TRUMP: Well, it is not something I exactly have thought of. I love the real estate business. I love what I’m doing.
But, if you got the right person in there, they would take that money, and you would double it, triple it, quadruple it. And then you would sell those companies back in good times. But, when they go into this fund, you have got to take a very, very big pound of flesh.