A 2008 Video Supposedly Confirmed Trump Criticizing Pay Raises for UAW Union Members. Right here Are the Info

CAVUTO: Would you bail out the auto business?

TRUMP: The auto business is such a fantastic query. And it is such an fascinating… this might be studied for years. Do you do it? Do you not do it? And I watched [Ron] Gettelfinger, the union head, on tv. He is likely one of the best representatives for a gaggle of folks that I’ve ever seen. You sit there and it seems like your grandfather is simply speaking to you, a fireplace chat, just like the individuals are ravenous within the union. After which I’m going to individuals and associates of mine which are within the auto enterprise, and he talks about two and three-year severance. He talks about, “You are taken care of for the remainder of your life, it doesn’t matter what occurs.” A catastrophe, a legacy that is a complete catastrophe. However you watch this man, I actually admit, they’ve one of many nice representatives I’ve ever seen. Since you watch him and also you virtually wish to write a verify to the union saying…

CAVUTO: So you do not suppose he is conceded sufficient?

TRUMP: I believe that the unions are actually, actually hurting very badly what is going on on with the autos, and, you recognize, I additionally actually suppose they make a very good product. I hear a lot. The issue is that the management does not discuss how good the product is. I purchase American. We purchase loads of vans and loads of issues American. They’re actually good merchandise and no person talks concerning the high quality. I hold listening to about how Japan makes this nice product. How different nations are making… We make a fantastic product. And by the best way, the union employees are unbelievable, however most likely they should take a minimize. However for those who hearken to [Ron] Gettelfinger, it is virtually just like the world has collapsed.

CAVUTO: However would you bail them out?

TRUMP: (lengthy sigh) There are such a lot of ways in which it may be saved. In the event that they do a Chapter 11.

CAVUTO: Nicely, chapter is an possibility.

TRUMP: In the event that they do a Chapter 11, and over time I’ve put corporations right into a Chapter 11. You negotiate from Chapter 11. It is a great energy.

CAVUTO: Did it be just right for you? You got here again from… they are saying it could possibly’t work for them as a result of individuals would not purchase from a bankrupt auto firm. They would not purchase vehicles.

TRUMP: Look, most of the individuals that you simply report about have taken corporations and put them into Chapter 11. Now, I would not wish to do it on a private foundation and I’ve by no means accomplished it on a private foundation. However, for those who have a look at WCI, it is Carl Icahn. In case you have a look at one thing else, it is anyone else. I imply, many, many individuals, you recognize, it does not get the publicity of the auto enterprise except after all I occur to do it through which case it will get loads of publicity…

CAVUTO: However Don, the auto guys say they’d be totally different as a result of chapter for them is just not an possibility, that it might be a scarlet letter and a stigma.

TRUMP: That is proper. They are saying individuals will not purchase vehicles.

CAVUTO: Do you purchase that?

TRUMP: Nicely, I completely do not as a result of I might relatively purchase a automobile than fly on an airline. When United Airways is bankrupt [or] when Delta Air Traces goes bankrupt, and I am imagined to be flying them, I might relatively have a automobile than fly on an airline, if that is the case. However, they did not lose any enterprise. Now, so long as they know the corporate goes to be round, it is not going to harm them one bit. In reality, individuals would really like it. However it’s a must to make a greater take care of the unions regardless of Gettelfinger’s good salesmanship. It is good. Regardless of that, it’s a must to make a a lot better take care of the unions. And it’s a must to make a greater take care of everyone. I imply, every thing. It is years and years of (inaudible).

And you recognize, I see it at my very own firm. Whereas my firm’s quite a bit newer, over time, we have now Christmas bonus time, proper? And we have accomplished effectively. Now, I pay anyone a bonus 20 years in the past. Then you definately give them a little bit extra, a little bit extra, a little bit extra. Now it is 20 years later. Swiftly, I am saying, “I am paying them an excessive amount of. I am paying them an excessive amount of.” I imply, I am paying some guys far more than I ought to be paying. You already know why? Time. Similar factor with the unions. They get a little bit improve. They get one other, one other… 40 or 50 years will go by…

CAVUTO: What do your guys get? Do you give them a condominium or what do you give them?

TRUMP: No, I simply give them bonuses. However you recognize, I at all times like to provide them a little bit extra…

CAVUTO: I do know it is not a hickory cheese log. I do know that.

TRUMP: No, I am not even speaking about top-level individuals. I am speaking about. You go a little bit bit, little bit, little bit, little bit… abruptly 20 years is up and now you are saying, “Man, that is some huge cash.” I am sitting behind my desk signing these checks.

CAVUTO: Nicely see, then they count on it, proper?

TRUMP: They count on it.

CAVUTO: December rolls round and, I believe, “Don’s gonna be good to me.”

TRUMP: You already know, it is the identical factor with the unions.

CAVUTO: That is proper.

TRUMP: They get their little 5 p.c. They get one other two p.c. They get one other three p.c, 4 p.c … and abruptly they’re making more cash than the folks that personal the corporate.