Campaigned for Glass-Steagall; but administration opposes it

For starters, we should put in place a modern version of Glass-Steagall and separate plain-vanilla banking like checking accounts and savings accounts from crazy risk-taking on Wall Street. This doesn't have to be partisan. My first cosponsor for a twenty-first-century Glass-Steagall bill was the Republicans' 2008 presidential nominee, Senator John McCain. In 2016, Donald Trump campaigned on this idea, and, at his insistence, adopting Galss-Steagall was added to the Republican platform. But the Republican leadership has refused to move any such legislation and now President Trump has put in place an economic team that is headed in the opposite direction.

Here's another idea: The SEC should hire a leader who doesn't work for Wall Street.

Oh, and here's a good one: when CEOs break the law, they ought to go to jail, just like anyone else.

We're dying at 1% GDP growth; we don't make things anymore

Last week, they came out with an anemic jobs report. Look, our country is stagnant. We've lost our jobs. We've lost our businesses. We're not making things anymore, relatively speaking. Our product is pouring in from China, pouring in from Vietnam, pouring in from all over the world.

GDP is at 1% now, and if [Hillary] got in, it will be less than zero. But we're bringing it from 1% up to 4%. And I actually think [with my economic plan] we can go higher than 4%. I think you can go to 5% or 6%. And if we do, you don't have to bother asking [about jobs], because we have a tremendous machine. We will have created a tremendous economic machine once again. To do that, we're taking back jobs. We're not going to let our companies be raided by other countries where we lose all our jobs, we don't make our product anymore. I

Economic machine to increase US growth rate to 5% or 6%

TRUMP: Well, I say they're wrong, because I'm going to create tremendous jobs. And we're bringing GDP from, really, 1% [growth rate], which is what it is now, and if she got in, it will be less than zero. But we're bringing it from 1% up to 4%. And I actually think we can go higher than 4%. I think you can go to 5% or 6%. And if we do, you don't have to bother asking your question, because we will have created a tremendous economic machine once again, the likes of which we haven't seen in many decades. And people will again go back to work, and we'll have companies that will grow and expand and start from new.

U.S. 1% growth is almost no growth, and due to high taxes

FactCheck: Fed keeps interest rates low, but apolitically

THE FACTS: This is a recurrent claim by Trump with no evidence to back it up. It's the Federal Reserve's job to help improve the economy and to the extent that happens, political leaders may benefit. But presidents can't make the Fed, an independent agency, do anything.

Under former chair Ben Bernanke and current chair Janet Yellen, the Fed has attracted controversy by pegging the short-term interest rate it controls to nearly zero for seven years. It is still ultra-low at between 0.25% and 0.5%, a rate that some economists worry could spark a stock-market bubble or inflation. Bernanke was initially appointed by Republican Pres. George W. Bush, and reappointed by Obama.

One reason Yellen is keeping rates low is that, in some ways, she agrees with Trump that hiring needs to keep growing to provide jobs.

Worst recovery since Great Depression; we're in a bubble

Use increasing debt ceiling as bargaining chip

TRUMP: Well, I think what they should do is use the debt limit as a strong negotiating tool to make other changes and to cut costs elsewhere. The Republicans don't know how to negotiate.

Q: But let me ask you about that question of the debt ceiling. Do you think that, if it's breached, that that is an economic problem, leaving aside the question of negotiation?

TRUMP: Well, I don't want to say. And I'll tell you why. We should use it as negotiation. And the problem we have in this country is that we're so predictable.

Government must cut spending more

2006: Warned about impending implosion of financial sector

In short, there are no guarantees. That means being alert to nation and world markets. Do your homework daily I shouldn't need to emphasize this if you've paid attention to what's transpired in the United States from 2006 until now, which is late 2008. There was an implosion in the financial sector that was unprecedented in our history. I see it as a wake-up call.

I tried to warn people back in 2006. Now I'm back to tell you loud and clear that this area of your life is of great importance. We are all businessmen and women, whether you see it that way yet or not. If you like art and can't make money at it, you eventually realize that everything is business, even your art.

Prepare for upcoming crash, bigger than 1929

OpEd: 1990s bankruptcy due to ego-based purchases

The bad news seemed to weigh on his mind. "Nobody wants to write the positives," he shouted to the crowd. "Over the years, I've surprised a lot of people. The largest surprise is yet to come."

He prided himself on buying or building the very best, sometimes overpaying out of faith in the Trump name and an ever expanding market. His propensity for purchases that played to his ego had been especially evident in his acquisition of one of New York's most storied properties, the Plaza Hotel.

Sought NYC deal with $4M property tax break

This truth wasn't lost on other hoteliers. President of the Americana Hotel, complained that the deal was "immoral and unfair." Harry Helmsley wondered aloud whether "maybe too much is being given" to the Trumps.

Optimistic about future of Atlantic City

The maddening thing is that there’s really no excuse for the way the town has developed. Atlantic City represents a unique situation; it is like no other town in America. In most places you’ll find ideas but not enough money to carry them out. In Atlantic City there is plenty of money, but there are almost no ideas.