One of America's leading Real Estate Tycoon's, and celebrity deal-maker, Donald Trump, appeared on CNN's "Larry King Live" Wednesday night, and called the current economic situation in the US a "Depression".
Trump, appearing on the show via telephone, expressed support for President Obama's nearly $900 billion stimulus program and urged lawmakers in Washington to pass the package, or echoing the President's remark earlier, the current conditions would turn into a "catastrophe".
The Senate is to vote on the program later in the week, and late Wednesday, Mr. Obama expressed confidence that he has the votes to pass the stimulus bill. The House passed an origin of the bill last week.
Mr. Trump's use of the word "depression" to describe the state of the nation's economy is startling, given his own personal portfolio; Trump himself is having trouble securing loans from a Chicago bank to build a major real-estate venture in the windy city. Trump told King that he was confident that the development will proceed.
Trump, appearing on the show via telephone, expressed support for President Obama's nearly $900 billion stimulus program and urged lawmakers in Washington to pass the package, or echoing the President's remark earlier, the current conditions would turn into a "catastrophe".
The Senate is to vote on the program later in the week, and late Wednesday, Mr. Obama expressed confidence that he has the votes to pass the stimulus bill. The House passed an origin of the bill last week.
Mr. Trump's use of the word "depression" to describe the state of the nation's economy is startling, given his own personal portfolio; Trump himself is having trouble securing loans from a Chicago bank to build a major real-estate venture in the windy city. Trump told King that he was confident that the development will proceed.
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