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Thursday, September 18, 2008


posted by on September 18 at 10:33 AM

Larry King’s interview with the symbol of American capital, Donald Trump:

King: Obama or McCain, who would handle this better?

Trump: Well, I know John McCain, and John McCain’s a great guy, a tremendous guy. I’ve known him for a long time. And I’m with him, and I’m with him based on the fact that I have great knowledge of John McCain. Also, this is not the right time for tax increases and Obama wants to increase your taxes drastically. So this is not …

King: In all fairness, he says he doesn’t.

Trump: This is not the right time.

King: Obama said 95 percent would be reduced under his plan.

Trump: Well, I’ll tell you, the people that create the jobs and the people that really create a lot of things in the country, they’re going to be taxed into oblivion. And I’m not even sure when you look really at his tax, I think everybody’s going to be taxed a lot more. So I like the fact that taxes won’t be raised under McCain.

King: Have you formally endorsed the ticket?

Trump: No, but I’m endorsing McCain. I am basically very strongly — you have to understand, I’ve known him, I like him, I respect him.

King: So you’re endorsing him?

Trump: He’s a smart guy and I think he’s going to be a great president.

King: So you’re endorsing him?

Trump: Sure, I’ll endorse him on your show, why not?

King: You just endorsed him.

Trump: I endorse him.

Despite the current economic situation, which emerged out of conditions that classical political economy would have seen as paradisaical (low taxes for the rich, significantly deregulated markets, weak labor unions), capital wants to continue with the neo-liberal program. If you are confused about what’s going on Wall Street, reread this exchange. It says everything. McCain and Obama are not the same economic animal.

RSS icon Comments


And Donald Trump is someone who speaks for who again?

Posted by Cato the Younger Younger | September 18, 2008 10:49 AM

This would be Donald Trump, the short-fingered vulgarian, the guy who still owes how many billions of dollars he will never pay to the banks who financed his Atlantic City disaster and other traumas, the guy who is just a figurehead in his own company, and a total fraud merchant? THAT Donald Trump? Yeah. We care what he thinks.

Posted by Fnarf | September 18, 2008 10:50 AM
Trump: He’s a smart guy and I think he’s going to be a great president.

If he's a smart guy, then why can't he fucking understand the economy.

Posted by apres_moi | September 18, 2008 10:51 AM

He basically admits right there in the interview that when he says "Obama will increase your taxes" he actually means "Obama will increase my taxes."

Kudos to King for catching him out in his lie.

Posted by flamingbanjo | September 18, 2008 10:53 AM

The Obama plan calls for an immediate $1000 tax cut for middle families plus a $1000 energy rebate. Yet the talking point factoid that everyone uses is "Obama's plan will cut taxes for 95% of America." You see it repeated here.

Somehow Obama's plan to CUT TAXES AND PROVIDE REBATES WORTH $2000 isn't getting through the clutter.

Obama should totally own the title of tax cutter. Part of the reason he doesn't is because he doesn't SAY over and over he will cut your taxes one large and give a rebate one large. Here we have King repeating what Obama says over and over about the 95% which is a wussy, defensive, vague and unclear "message."

The first time I heard Obama say the figure $1000 was in his long, boring, 2 minute ad on the current crisis which brought in everything from negative campaigning to a new spirit of unity and shared responsibility blah blah blah....he's a master at "burying the lead."

Two thousand smackeroos. Ya think people know about that? That they believe it?

They don't.

Posted by PC | September 18, 2008 10:56 AM

Is anyone surprised Trump doesn't want his taxes raised? He's not Gates or Buffett who truly put country first.

Posted by elswinger | September 18, 2008 10:58 AM

Huh. Donald Trump... The Donald... doesn't want his millionaire taxes raised. And he doesn't give a shit how much it fucks up things for the rest of us. Who'd a thunk?

His endorsement of McCain comes as a complete shock to me. Truly.

Posted by Reverse Polarity | September 18, 2008 11:02 AM

Is anyone surprised Trump doesn't want his taxes raised? He's not Gates or Buffett who truly put country first.

Posted by elswinger | September 18, 2008 11:04 AM

trump just showed the US that he really doesn't care about the war, healthcare, jobs, education, or the economy. all he truly and only cares about is his money and being taxed for it.

Posted by apres_moi | September 18, 2008 11:06 AM

Of course Larry King misstates Obama's tax-cutting pledge (as do Obama and Biden and their surrogates on many occasions).

The operative promise is tax cuts for 80% of the people, and 95% of "working families" ... which is generally unfavorable for singles, childless couples, empty-nesters, students, retirees, and a few others.

Note also that Obama's promise is infeasible with respect to restoring active government and deficit reduction, and with respect to top-share incomes ability to avoid taxation. The next POTUS - Obama or McCain or McKinney - is going to raise most people's taxes, or we're going deeper down the fiscal vortex.

On the whole, however, flamingbanjo @ 4 nails it. Trump means "my taxes".

Posted by RonK, Seattle | September 18, 2008 11:09 AM


I believe the answer to your question would be, "rich white guys like myself".

Posted by COMTE | September 18, 2008 11:14 AM

And by "myself" I mean "Donald Trump".

Posted by COMTE | September 18, 2008 11:16 AM

they’re going to be taxed into oblivion

I hate when FILTHY rich people repeat that meme. Is Obama going to make the sky fall, too?

Posted by Mike in MO | September 18, 2008 11:16 AM

That does it -- if the Trumps and the Rothschilds are backing McCain, then I'm dumping that elitist Barack Obama!

Posted by whatevernevermind | September 18, 2008 11:17 AM

i read that exchange & think: trump doesn't know what the fuck he's talking about, but won't let that stop him from talking anyway.

if ONLY obama could tax Trump into oblivion. non-existence is where i prefer Trump & everything he's touched.

Posted by max solomon | September 18, 2008 11:35 AM

So when can we expect to see the "that toupee'd asshole from the crappy reality show likes McCain so I'm voting for the other guy" bounce?

Posted by Hernandez | September 18, 2008 12:01 PM

It's amazing Donald "Multiple Bankrupcies" Trump took the Republican tax-cut teat out of his mouth long enough to utter these words.

Posted by Obama or Canada | September 18, 2008 12:04 PM

this is the closest to an informed question I've seen from Larry King, maybe ever.

Posted by josh | September 18, 2008 12:11 PM

So the incredibly wealthy should not be taxed because they create jobs for people (who are heavily taxed instead) and if the Feds tax at the front end there won't be any jobs made? HUH? What's wrong with this picture? It is of course a lie that if the Feds tax billion dollar corporations they won't create jobs, the fact is they will create jobs. They will create jobs because they want to make money.

Posted by Sargon Bighorn | September 18, 2008 12:14 PM


And because they actually CAN'T make money unless they pay people to make the things or perform the services the companies make money FROM.

Posted by COMTE | September 18, 2008 12:58 PM

@19, This is Randian bullshit in its purest form.

As for corporate tax cuts heres my take on it; the problem isn't at the federal level rather it's at the state level. Every state is competing with one another to attract large companies to set up shop in their state. What they wind up doing is subsidizing businesses through either tax cuts or straight cash to the businesses and under the political guise of "creating jobs". That money to provide these incentives has to come from somewhere and it isn't coming from the untaxed company in state borders or from employees income taxes.

Posted by Bellevue Ave | September 18, 2008 2:42 PM

What an elitist. The rich were taxed at something like 90% in the fifties, and that was a prosperous decade. It's lower class and middle class consumption that really drives job creation in this country, and the rich deliberately overemphasize their own role to try to prevent a tax hike that could, God forbid, prevent them from buying that $300,000 dollar watch this year.

Posted by east coaster | September 19, 2008 8:30 PM

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