Donald Trump Hates China and is Thinking of Running for President

In my opinion, no one is more pompous and laughable than Donald Trump. I don't care how many towers he owns--the guy has been in bankruptcy repeatedly and yet he's considered an expert in business? Joe Scarborough offers some political advice, tells Trump to drop the accents.

CEOs Weigh in on Obama

Donald Trump:

CEO, the Trump Organization

I would hire him. He's handled the tremendous mess he walked into very well. He still has a daunting task ahead of him but he appears to be equal to the challenge. He has kept his eye on both national and international issues and his visits to foreign countries have shown him to be warmly received, which is certainly a change from the last Administration. I believe he should pay more attention to OPEC and what's going on there, but overall I believe he's done a very good job.

Mohamed El-Erian:

CEO and co-chief investment officer of Pimco

The most interesting thing is the mess he inherited and the extent he has to pursue two different agendas — there's the agenda he came in with and the agenda to stabilize a rapidly imploding US economy. The big gamble is that he has tried to pursue both simultaneously. That's going to define his first term. So far the evidence is mixed. On one side he has been able to stabilize the financial center and institute major structural reforms. And he still maintains enormous popularity with the American people.

On the negative side, the jobs picture is worse than anticipated, and unemployment itself is becoming a big policy challenge. It's going from being a lagging indicator to being a leading indicator. The major issue people are going to second guess in the next six months is his decision to pursue both agendas. Was that the right one or should have he done it sequentially?

He inherited a real mess, not just a mess, but one that requires him to make difficult decisions. I voted for Obama, and I'm a supporter. I've been impressed by how bold he has been on the political front, and how quickly he came up the learning curve in terms of the trade-offs involved. You see it very explicitly: Three weeks ago, for example, he talked about yes, fiscal stimulus was important and it avoided bigger problems — yet there are also longer-term fiscal sustainability challenges. The notion that we get is that he understands what the issues are and he's making active choices as opposed to reactive choices.

Read the rest here.

Trump Entertainment Files Bankruptcy Trump Quits Board

This is probably why Trump said earlier this month that we're in a depression -- because his casino business is depressed.
Trump quit the board Friday night, so did daughter Ivanka. That way he doesn't have to talk about bankruptcy, according to Bloomberg. Fear not, Trump still has hordes of money from his other non-casino businesses.

Trump Says We're in a Depression

Few people have said we're in a depression, which is simply a severe downturn that lasts several years, but maybe The Donald is right. Unemployment has already hit double digits in some places. If we are in a depression, it's a mild one, so far. During the Great Depression, unemployment was 25%, and salaries were cut nearly in half.

CNN: Larry King: Is Obama right or wrong to go after these executives with salary caps?

Donald Trump: Well, I think he's absolutely right. Billions of dollars is being given to banks and others. You know, once you start using taxpayer money, it's a whole new game. So I absolutely think he's right.

King: What about the whole concept of bailouts?

Trump: Well, it's a little bit different. A lot of people are not in favor of bailouts. You know, we talked about all the different things going on in this country. Let's face it, Larry, we are in a depression.

If they didn't do the bailout, you would be in depression No. 2 and maybe just as big as depression No. 1, so they really had to do something. The problem is they're giving millions and billions of dollars to banks and the banks aren't loaning it.

If you are a prime customer of a bank and if you need 10 cents, you can't get it. The banks are out of business. They're not loaning. Now, billions of dollars has been given. They're supposed to be loaning out that money and they're using it for other purposes, so it is a real mess.

King: If you were in the Senate, would you vote for the stimulus plan?

Trump: Well, I'd vote for a stimulus plan. I'm not sure that all of the things in there are appropriate. Some of the little toys that they have are not really appropriate, and they're a little surprising that they seem to want it, because the publicity on it has been terrible.

I would certainly vote for a stimulus, but I would really vote for banks having to loan out the money because they're not doing that.