GO
Loading...

Trump: Obama Is to Blame For High Oil Prices

Monday, 11 Apr 2011 | 10:51 AM ET
Donald Trump
Donald Trump

Real estate developer Donald Trump blames President Obama for the rising price of oil, warning, "this country can never, ever recover" if oil prices continue to go up.

"That's really the life's blood of the country," Trump told CNBC in a phone interview on Monday. The Trump Organization chairman, who says he's considering running for president, plans to decide "before June" on the matter.

He contended that Obama is not a leader and is "in bed with these (OPEC) people. He doesn't speak the way you have to speak to them."

Trump's Presidential Aspirations
Donald Trump, Trump Organization chairman & president, discusses his potential run for the presidency, and economic and issues he is watching now. "China is absolutely ripping off our country," he adds.

Although he blames China for "ripping off our country," Trump gives them credit for using US funds to rebuild airports, bridges and other infrastructure.

"When was the last time you saw a bridge being built in the United States? You see them falling down all the time. When was the last time you saw an airport being built? We're like a third-world country."