Donald Trump, real estate developer, business magnate and host of NBC's The Apprentice, said Thursday that he's considering a presidential bid in 2012. And if he does run, Trump says he'll spend a good chunk of his fortune on the campaign.
"I am thinking about things," said Trump on ABC's Good Morning America today. "And I'm looking at this country, George, and what's happened in terms of respect. And the respect for this country is just not there...We cannot let the rest of the world beat us up," Trump told ABC co-anchor George Stephanopoulos.
Trump added that his business associates in China "laugh" at the United States, and "feel we're fools." That's why he has a plan to restore America's image on the international stage. National Journal's Clifford Marks reports:
Trump said he would put America back on course by taxing China in response to the nation's currency manipulation. He brushed aside concerns raised by Stephanopoulos about how viable that strategy might be given Chinese leverage as a major buyer of U.S. debt.
"I don't think the bankers have the cards," he said. "I think you have the cards. And in this case, in -- in the case of China, you literally are taxing China, you'll pay off your debt very quickly."
Read the full story at National Journal.