Unearthed 2008 Video Exhibits Trump Criticizing Pay Raises for UAW Union Members. Right here Are the Information.

CAVUTO: Would you bail out the auto trade?

TRUMP: The auto trade is such an ideal query. And it is such an fascinating… this will probably 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 biggest representatives for a bunch of those 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 persons are ravenous within the union. After which I’m going to folks and pals 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 nearly need to write a test to the union saying…

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

TRUMP: I feel that the unions are actually, actually hurting very badly what is going on on with the autos, and, you recognize, I additionally actually assume they make a superb product. I hear a lot. The issue is that the management does not discuss how good the product is. I purchase American. We purchase plenty of vans and plenty of issues American. They’re actually good merchandise and no one talks concerning the high quality. I maintain listening to about how Japan makes this nice product. How different international locations are making… We make an ideal product. And by the way in which, the union staff are unbelievable, however in all probability they should take a minimize. However in case you take heed to [Ron] Gettelfinger, it is nearly 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: Properly, 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 super power.

CAVUTO: Did it give you the results you want? You got here again from… they are saying it might probably’t work for them as a result of folks would not purchase from a bankrupt auto firm. They would not purchase automobiles.

TRUMP: Look, lots of the folks that you simply report about have taken corporations and put them into Chapter 11. Now, I would not need to do it on a private foundation and I’ve by no means finished it on a private foundation. However, in case you have a look at WCI, it is Carl Icahn. When 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 in fact I occur to do it by which case it will get plenty of publicity…

CAVUTO: However Don, the auto guys say they’d be completely different as a result of chapter for them shouldn’t be an possibility, that it could be a scarlet letter and a stigma.

TRUMP: That is proper. They are saying folks will not purchase automobiles.

CAVUTO: Do you purchase that?

TRUMP: Properly, I completely do not as a result of I would reasonably purchase a automobile than fly on an airline. When United Airways is bankrupt [or] when Delta Air Strains goes bankrupt, and I am speculated to be flying them, I would reasonably 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 isn’t going to harm them one bit. In reality, folks would love it. However it’s important to make a greater take care of the unions regardless of Gettelfinger’s good salesmanship. It is good. Regardless of that, it’s important to make a significantly better take care of the unions. And it’s important to make a greater take care of all people. I imply, every part. 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’ve got Christmas bonus time, proper? And we have finished nicely. Now, I pay anyone a bonus 20 years in the past. You then give them just a little extra, just a little extra, just a little 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. Identical factor with the unions. They get just a little 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 apartment or what do you give them?

TRUMP: No, I simply give them bonuses. However you recognize, I all the time like to present them just a little extra…

CAVUTO: I do know it isn’t a hickory cheese log. I do know that.

TRUMP: No, I am not even speaking about top-level folks. I am speaking about. You go just a little bit, little bit, little bit, little bit… rapidly 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: Properly see, then they count on it, proper?

TRUMP: They count on it.

CAVUTO: December rolls round and, I feel, “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 rapidly they’re making more cash than the those that personal the corporate.