Trump: If I were treasury secretary...
August 8th, 2011
10:28 AM ET
3 years ago

Trump: If I were treasury secretary...

(CNN) - Donald Trump responded Monday to Mike Huckabee's suggestion that he serve as treasury secretary, predicting who would be hurt most by the potential appointment.

"I'll tell you, it would be very painful for China, it would be very painful for OPEC, it would be very painful for many of the countries that are just ripping us off," the real estate mogul said on Fox News.

Former Arkansas Gov. Huckabee, who first made the suggestion last week, reiterated his call Monday morning, saying current Treasury Secretary Timothy Geithner has "failed the economy and failed this president."

"The president needs to have him walk the plank, if not for policy reasons, he needs to do it for the political optics," Huckabee said on Fox News. "And bringing Donald Trump in is a real optical game changer."

Geithner announced Sunday he would remain in his post through the 2012 election.

Although Trump seemingly dismissed the suggestion, he showered Huckabee, the former 2008 GOP presidential candidate, with praise.

"I think he would have gotten the nomination personally [in 2012], but you know he had lots of considerations," Trump said. "So, he said that, I'm greatly honored."

Huckabee and Trump decided against bids for the White House earlier this year after public flirtations. Criticism of China and OPEC were oft-heard lines from Trump as he traveled to early presidential voting states mulling a bid.


Filed under: Donald Trump • Mike Huckabee • Tim Geithner
soundoff (327 Responses)
  1. Paul R

    Funny! Trump can't even get his own finances in order.

    August 8, 2011 02:19 pm at 2:19 pm |
  2. lynn

    Trump was sucking up to Huckabee on TV today, saying what a great man he is. Trump never lived in a Huckabee run state. He made our state a big time illegal santuary state, donating a state bldg. to the Mexican Embasy and joined with BC-BS in free medical care for a illegal women's clinic. All he did for Arkansans was preach from the pulpit and take a lesson from Palin to make money for himself. Check out his mansion in Florida, didn't see him returning any money to his home state.

    August 8, 2011 02:20 pm at 2:20 pm |
  3. josh66

    Do you know has hurt and is still hurting Africa and the developing nations? Do you know who fixes the oil price? Do you know the dynamics for oil pricing? Do you know the percentage of the gas price that equates to taxes from your government? Don't blame Opec, and China. Look inwards for the problem. What about the countries that the Great USA is hurting, Mr. Trump?

    August 8, 2011 02:21 pm at 2:21 pm |
  4. LMC

    Donald Trump is a buffoon. Now if we were talking about Warren Buffet......

    August 8, 2011 02:21 pm at 2:21 pm |
  5. jennifer

    Do you need to report every brain fart from Mr Icanbankcruptmorethanonecompany....

    August 8, 2011 02:22 pm at 2:22 pm |
  6. jennifer

    And .. THE OTHER MICHAEL IN HOUSTON.. you give me hope knowing that there are people, in my town, thinking like you . Now can we get rid of Ricky.. :-)

    August 8, 2011 02:26 pm at 2:26 pm |
  7. Sylvia Saint

    There's a word for what Trump and Huckabee are doing to each other with these comments. But its a g-rated blog so I won't go much further. Circle j _ _ k.

    August 8, 2011 02:34 pm at 2:34 pm |
  8. Cletus

    Things cant get any worse. I'd try anyone to replace this bozo BamBam.

    August 8, 2011 02:35 pm at 2:35 pm |
  9. Gold Standard Debunked

    People naively state we should go back to the "Gold Standard". Even at $2,000 and ounce U.S. gold deposits do not come close to cover all the hundreds of trillions of dollars in circulation around the globe...there is no possible way we could go back to the gold standard. The privately owned "Federal Reserve" Banks print money...I am a decently educated individual and I still do not understand on what basis they print more and more money every year. They grant loans to banks and thereby corporations based upon the output of printing presses? How is that ethically possible? Are they an agent of the branches of the U.S. government or does the government understand that the Federal Reserve has all the real control and so they change the subject?

    Credit default is the main reason for many wars, including the CIVIL WAR. Northern investors and corporations wanted to keep the south producing the raw materials they needed, paying federal taxes and paying on loans. Individuals may eventually have to protect this country from angry foreign investors.

    August 8, 2011 02:38 pm at 2:38 pm |
  10. Mark from Louisiana

    A mystery investor or hedge fund reportedly made a bet of almost $1billion at odds of 10/1 last month that the U.S. would lose its AAA credit rating.

    Now questions are being asked of whether the trader had inside information before placing the $850million bet in the futures market.
    Was it him? George Soros, 80, has been mentioned as potentially being the mystery investor who won a $1billion bet that the credit rating would fall

    Was it him? George Soros, 80, has been mentioned as potentially being the mystery investor who won a $1billion bet that the credit rating would fall

    There are mounting rumours that investor George Soros, 80, famously known as ‘the man who broke the Bank of England’, could be involved.

    He made more than $1billion on currency speculation when the British pound left the Exchange Rate Mechanism on Black Wednesday in 1992.

    The latest bet was made on July 21 on trades of 5,370 ten-year Treasury futures and 3,100 Treasury bond futures, reported ETF Daily News.

    Now the investor's gamble seems to have paid off after Standard and Poor’s issued a credit rating downgrade from AAA to AA+ last Friday.

    Whoever it is stands to earn a 1,000 per cent return on their money, with the expectation that interest rates will be going up after the downgrade.

    The link has been made to Mr Soros in part because he has been tied to President Obama’s administration since 2008, reported The Examiner.

    He also recently stopped managing money for outside investors, meaning he is under less scrutiny from the Securities and Exchange Commision

    But the mystery bet could easily have been made by another trader with similar resources, despite Mr Soros’s links with the Obama administration.

    The bet also raises questions of whether President Obama and Treasury Secretary Timothy Geithner knew that a downgrade was on the cards.

    Mr Geithner said in April there was ‘no risk’ of a downgrade – but the government now appears annoyed, not surprised, by last week’s decision.

    He has since slammed S&P for showing 'terrible judgment' in their decision and a 'stunning lack of knowledge' of U.S. fiscal budget maths.

    August 8, 2011 02:39 pm at 2:39 pm |
  11. Chloe in Chatsworth, CA

    My first thought was "Can the Republicans get any sillier?" Then I remembered they still holdi the US economy in a choke hold, and with the Supreme Court-approved unlimited spending next year by billionaires who don't want to pay taxes anymore they could soon control both houses of Congress and the Presidency.

    August 8, 2011 02:42 pm at 2:42 pm |
  12. midnitejax

    I wonder how many furry critters were sacrificed to make his toupee?

    August 8, 2011 02:45 pm at 2:45 pm |
  13. Leprakawn

    @foxonmyhead:

    "Moroin?" Look at who cannot spell correctly.

    August 8, 2011 02:46 pm at 2:46 pm |
  14. Julie

    *raises eyebrow*
    Oh I think if Trump were Treasury Sec. it would be very painful for us ALL...

    August 8, 2011 02:48 pm at 2:48 pm |
  15. Larry L

    We must start avoiding the Republican circus crowd and listen only to serious people. Look how the debt crisis debacle worked when our gutless politicians listened to the Tea Party terrorists.

    August 8, 2011 02:50 pm at 2:50 pm |
  16. Limbaugh is a liberal

    We reap what we sow!
    For the past century, and today America has been using the Middle East, South America, and the Far East (including China) as puppets, completely exploiting economies, causing widespread poverty and frequently slavery in those countries.
    NOW we dare talk about other countries rupping us off because they learned the capitalism we thrust on them?

    Yes, and I am sure the Chinese 'maniuplation of currency' is what is causing our trade deficit. It has nothing to do with American consumer demand for underpaid slave labor so they can get more Walmart stuff for their trailers...

    And I am sure America never manipulates its currency, nor tries to gain leverage by any manipulation of monetary policy... (cough, cough, The Fed!)

    August 8, 2011 02:51 pm at 2:51 pm |
  17. Darryl Schmitz

    Great idea, Mike. (not) Thanks.

    August 8, 2011 02:51 pm at 2:51 pm |
  18. Peter E

    If he wants to manipulate public policy, perhaps he should re-enter the race and become an ACTUAL elected official (or at least one appointed by an elected official)
    Oh, but democracy sucks apparently because the people's will might not be the same as Trump's will...

    August 8, 2011 02:53 pm at 2:53 pm |
  19. Mark L

    Is there no end to this insanity? What next? Michele Bachman as Secretary of Education?

    August 8, 2011 02:53 pm at 2:53 pm |
  20. Dave

    Glad Trump is not running for President, but I would take him in that position over Geithner in a heartbeat. Obama and Giethner are obvioulsy one in the same: men in WAAAAAAAAAAAY over their heads

    August 8, 2011 02:55 pm at 2:55 pm |
  21. AC

    Two kinds of nuts for free......................................

    August 8, 2011 02:58 pm at 2:58 pm |
  22. Proud Liberal

    LOL! What a loud mouth blowhard. We'd be in a depression with Trump the Chump at the helm!

    August 8, 2011 02:59 pm at 2:59 pm |
  23. upstate-ny

    I think that Donald Trump has raised VERY good points and should be addressed by our current adminstration. I don't always agree or for that matter even listen Donald Trump nor he is my hero. Our government, congressmen, politicians, lobbyists and greedy corporations (such as OPEC) and special interests continue to ENABLE bad behavior/practices within in own groups and organizations. Therefore, they don't have the "you know what" to help themselves, the american people, the economy, moral values to fix anything. You don't have to be Einstein to figure out that if only 50% are paying taxes, more jobs are being sent overseas, everything from manufacturing to customer service, that the debt will never be decreased or depleted and only increase unless our government shows tough love to other countries and those who abuse the system and programs here in the US. There isn't a Democrat – Republican- Tea Party- Independent....etc can fix this problem until we start enforcing "tough love". I'm still trying to figure out that if I payed my own way through life, contributed to SS and Medicare and there is a risk of losing these programs why should I have to pay for the governement's poor management of these funds and meanwhile those who abuse the systems and haven't contributed a dime will continue to receive their benefits on my dime. There are many, many issues to be dealt with but the SS/Medicare cuts/risk irks the hell out of me.

    August 8, 2011 03:00 pm at 3:00 pm |
  24. Kevin

    How in the world is what this moron says relevant to anything? Well, unless the US decides they need to file bankruptcy, then he's be the expert. How pathetic.

    August 8, 2011 03:06 pm at 3:06 pm |
  25. Canadian Jim

    Trump is just another blow-hard with money. He has no understanding of democracy and even less of diplomacy. Being ricj does not require ethics, values or morals.

    August 8, 2011 03:09 pm at 3:09 pm |
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