45
Nl FEDERAL ELECTION COMMISSION Washington, DC 20463 October 5,2012 BY ELECTRONIC MAIL AND FIRST CLASS MAIL [email protected] Cleta Mitchell, Esq. O) Foley & Lardner LLP O 3000 K Street, N.W. ^ Suite 600 Washington, D.C. 20007 Nl ^ RE: MUR 6462 ^ Donald J. Trump Stewart Rahr The Trump Organization, LLC Michael Cohen ShouldTrumpRun.com Dear Ms. Mitchell: On March 23,2011, the Federal Election Commission ("Commission") notified your above-listed clients of the complaint in MUR 6462 alleging that they violated the Federal Election Campaign Act of 1971, as amended. On May 20,2011, the Conunission received theresponsesubmitted on behalf of your clients. The Office of General Counsel is presently reviewing this matter. In the course of ourreview,we have identified the enclosed publicly available articles that may berelevantto the allegations in the complaint. See Attachments A-O. The Office of General Counsel has alsoreviewedthe ShouldTrumpRun.com "Donate" function, which appeared on the websitefi'omapproximately September 2011 until February 2012. See screenshot at Attachment P. These materialsregardingyour clients' public statements and actions arerelevantto an assessment of whether, as alleged in the complaint, Donald J. Trump triggered candidate status by conducting campaign activities outside ofthe "testing the waters" exemption based on the activities of the website ShouldTrumpRun.com and a campaignflighttaken by Michael Cohen, and that even if Mr. Trump is not a candidate, your clients violated the limitations and prohibitions applicable to '^testing the waters" activities. The Office of General Counsel is providing you with the additional information so that you may supplement your submissions by responding to it, ifyou so choose. Any response on your part is entirely voluntary. Should you choose torespond,please do so

FEDERAL ELECTION COMMISSION Washington, DC 20463 …eqs.fec.gov/eqsdocsMUR/13044334609.pdfDonald Tnimiys lop assodale Is headbig lo hnra next week to premole a potential presidential

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Page 1: FEDERAL ELECTION COMMISSION Washington, DC 20463 …eqs.fec.gov/eqsdocsMUR/13044334609.pdfDonald Tnimiys lop assodale Is headbig lo hnra next week to premole a potential presidential

Nl

FEDERAL ELECTION COMMISSION Washington, DC 20463

October 5,2012

BY ELECTRONIC MAIL AND FIRST CLASS MAIL [email protected]

Cleta Mitchell, Esq. O) Foley & Lardner LLP O 3000 K Street, N.W. ^ Suite 600

Washington, D.C. 20007 Nl ^ RE: MUR 6462 ^ Donald J. Trump • Stewart Rahr

The Trump Organization, LLC Michael Cohen ShouldTrumpRun.com

Dear Ms. Mitchell:

On March 23,2011, the Federal Election Commission ("Commission") notified your above-listed clients of the complaint in MUR 6462 alleging that they violated the Federal Election Campaign Act of 1971, as amended. On May 20,2011, the Conunission received the response submitted on behalf of your clients. The Office of General Counsel is presently reviewing this matter.

In the course of our review, we have identified the enclosed publicly available articles that may be relevant to the allegations in the complaint. See Attachments A-O. The Office of General Counsel has also reviewed the ShouldTrumpRun.com "Donate" function, which appeared on the website fi'om approximately September 2011 until February 2012. See screenshot at Attachment P. These materials regarding your clients' public statements and actions are relevant to an assessment of whether, as alleged in the complaint, Donald J. Trump triggered candidate status by conducting campaign activities outside ofthe "testing the waters" exemption based on the activities of the website ShouldTrumpRun.com and a campaign flight taken by Michael Cohen, and that even if Mr. Trump is not a candidate, your clients violated the limitations and prohibitions applicable to ' testing the waters" activities.

The Office of General Counsel is providing you with the additional information so that you may supplement your submissions by responding to it, ifyou so choose. Any response on your part is entirely voluntary. Should you choose to respond, please do so

Page 2: FEDERAL ELECTION COMMISSION Washington, DC 20463 …eqs.fec.gov/eqsdocsMUR/13044334609.pdfDonald Tnimiys lop assodale Is headbig lo hnra next week to premole a potential presidential

MUR 6462 Notification Letter Page 2

within ten days of receipt of this letter. We will thereafter continue our consideration of this matter based on the infonnation available to us. This matter will remain confidential in accordance with 2 U.S.C. §§ 437g(a)(4)(B) and 437g(a)(12)(A) unless you notify the Commission in writing that you wish the matter to be made public.

If you have any questions, please feel free to contact me at (202) 694-1650.

Sincerely,

^ Mark Allen Nl Attomey, Enforcement Division

^ Enclosures Q Articles is\ ShouldTrumpRun.com

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MUR 6462 fDonald J. Trump et al.1 Index of News Articles

A. Top aide heads to Iowa to plug for a possible Donald Trump presidential run in 2012, NEW YORK DAILY NEWS, March 5,2011

B. James Q. Lynch, Trump employee: U.S. needs his boss 'more than ever', Sioux CITY JOURNAL, March 7,2011

C. Peter Hamby, Trump aide grabs attention in Iowa, CNN Politics, March 7,2011

D. Tom Beaiumont, Top Donald Trunqt aide in Iowa meeting with GOP leaders, DES ^ MOINES REGISTER Blog, March 7,20 H Nl Nl E. Donald Trump Says His Interest in Presidential Run Is Not About Publicity, ^ ASSOCIATED PRESS. March 9,2011

JiJ F. Tom Beaumont, Donald Trump will appear at Iowa Republican dinner in June, DES MOINES REGISTER, March 23,2011

G. Michael Falcone, Donald Trump's Political 'Pit Bull': Meet Michael Cohen, ABC News, April 16,2011

H. Sheila Marikar and Rick Klein, Is Donald Trump Back in the 2012 Race?, ABC News Blog, May 23,2011

I. Peter Woodifield, Trump May Run as Independent in U.S. Presidential Election, Bloomberg News, June 20,2011

J. CNN Transcripts, Trump On Downgrade, CNN NEWSROOM, Aug. 8,2011

K. Michael Falcone and Jennifer Wlach, Pro-Donald Trump Website Evolves Into 527 Group, ABC News, Sept. 2,2011

L. Neil King Jr., Trump Threatens to Spend Millions on a Presidential Run, WALL STREET JOURNAL'S "Washington Wire," Nov. 22,2011

M. Sarah Maslin Nir, Trump Quits G.aP.. NEW YORK TIMES, Dec. 24,2011

N. Huma Khan and Jennifer Wlach, Donald Trump Staff in Talks With Financiers, Campaign Managers to Explore Third Party Bid, ABC News, Jan. 30,2012

O. Ashley Parker and Trip Gabriel, Trump Endorses Romney in a 7-Minute Appearance, NEW YORK TIMES Blog, Feb. 2,2012

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Top aide heads to Iowa to plug for a possible Donald Trump presidential run in 2012 - Ne... Page 1 of 2

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Top aide heads to Iowa to plug for a possible Donald Trump presidential run in 2012 BY THE ASSCXriATEO PRESS DAILY NEWS STAKi- WRITER

SaluFdoy M»rch 00. 30*1

Donald Tnimiys lop assodale Is headbig lo hnra next week to premole a potential presidential bid l>y the billionaire developer.

Michael Cohen, a vice president and counsel lo the Tramp Organization, said he planned lo fly lo Des Moines lo meet with top GOP lawmakers, operellvas and volunteers on Monday.

knwa Is lo host the firet presidenlial caucus, scheduled Ibr Febi 6. '11 be gauging the reception I feel he would have when he comes lo Iowa,' Cohen saM.

Tramp told reporters' In Iowa this week that he wouM campaign hard in the stale if he decides lo enter Ihe GOP field.

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'I will meet many, many people, maybe all of Ihe people' in Iowa, Tramp told The Des Moines Register, 'if I dedda to ran, I will be shaking hands with everybody."

Tramp has said he would dedde by June whether he'll ran.

Cohen is a co-fbunder of ShouM Tramp Run, a webslle formed lo boost interest and grass^ols support for a Tramp candidacy.

"The man has preven experience, he Is one of the richest men in Ihe wortd, he has Ihe mosi proinc name on the planet and his negotiation skills are second to none,' Cohen said of Tramp.

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Attachment A

http://articles.nydailynews.com/201 l-03-05/news/28673734_l_donald-tnimp-trump-candi... 9/22/2011

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IVump employee: U.S. needs his boss *more than ever*

• Story • Discussion

Trump employee: U.S. needs his boss 'more than ever'

Bv James O. Lynch Journal Des Moines Bureau Sioux City Journal | Posted: Monday, ro March 7,2011 10:43 am 11 Conunent

^ Font Size: 1 Defatilt font size try Larger font size

HI DES MOINES - Donald Trump didn't create the nations' $15 trillion debt, but his business acumen and negotiations skills just might be what the country needs to change directions, according to an employee who hopes to convince his boss to run for president.

"We dont need more politicians saying the same thing over and over and over again," Michael Cohen, executive vice president and special counsel to Donald Trump, told reporters in Des Moihes this morning. "What we actually need is a business person that can put this country back on where we belong and that is the path of prosperity. We've lost that."

Although he works for Trump, Cohen emphasized that he had taken a personal day to visit Iowa and was not here on his employer's behalf.

Cohen said he had a full day of mieetings major Republican leaders, activists, advocates, operatives, fundraisers and "just about everybody." Before talking to reporters, he met with Republican Party of Iowa Chairman Matt Strawn aboard the Trump jet he traveled on. The flight was paid for an individual who hopes to encourage Trump to run, Cohen said.

It was the start of a busy day in GOP politics in Iowa. In addition to Cohen's visit, U.S. Rep. Ron Paul of Texas was to speak at the University of Iowa and Pella Christian School. Later, five potential GOP 2012 hopefuls - Newt Gingrich, former Godfathers Pizza CEO Herman Cain, former Louisiana Gov. Buddy Roemer,. former Pennsylvania Sen. Rick Santorum and former Minnesota Gov. Tim Pawlenty — are scheduled to speak at the Iowa Faith & Freedom Spring Kickoff in Waukee this evening.

Attachment B

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Cohen, who planned to attend the Waukee event, hopes to use the information he gains to help convince Tnmip to join the race for the 2012 GOP presidential nomination.

Trump has indicated he will make a decision in June whether to run. His exploration of a candidacy began when his name was included in a poll of New Hampshire residents' preference for president.

Although Trump is not yet a candidate, Cohen and about 500,000 others who have indicated their interest at ShouldTrumpRun.com in seeing him run understand Iowa is the first step on the path to the nomination.

^ "Certainly along with the other 500,000, we are very anxious to learn about Iowa and be ^ able to report back to Mr. Trump when he hopefully decides to run in June," Cohen said.

fn Running for president would be a "big personal sacrifice for him," Cohen said, but "the . Nl country really needs him more than ever before."

^ "Mr. Trump would be great" as president, Cohen said. In addition to that business ^ acumen and negotiations skills, "Mr. Trump is one of the wealthiest men in the country.

He's also one of the most well-known individuals on the planet."

"He's made a tremendous fortime for himself and what would be fabulous would be to see him put that ability and talents to work for the rest of us," Cohen said.

Cohen dismissed suggestions Trump would have a hard time being taken seriously as a candidate despite regularly being the butt of jokes by talk show hosts.

"As is President Obama, Mike Huckabee, Ron Paul, (Tim) Pawlenty, Sarah Palin," he said, "i believe they have all been made fun of. That's what the press does. They like to have fun with anyone and everyone."

CHiytiehl ?AIS .SiMX.Ci]]rJoiinn|. AH.iiglll* LWCyql niif qi#Lniil.llViy.i«Ql!!F lwMi«!if!l.>rMsl««>l. r$w/;ilcpi!ult|di.s>ILib!i£ll.

Posted in Local. Iowa on Monday, March 7, 2011 10:43.am \ Tags: Donald Trump. Michael Cohen. Matt Strawn. Ron Paul. Iowa Caucuses

Read more: http:://siQuxcitviournal.com/iiewi5/i6teal/article 25045990-551J -5afe-804d-c901b5d01113.html#ixzzlaL7nOZm3

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Trump aide grabs attention in Iowa - CNN Political Ticker - CNN.com Blogs Page 1 of 5

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March 7th, 2011 12:23 PM ET

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Trump aide grabs attention in Iowa v: CNN Political Renortei- Peter Hambv Rielated Links

Des Molnei, Iowa (CNN) - Monday was already shaping up lo be a busy day on the calendar in Iowa for political reporters, with six potential Republican presidential candidates slated to make appearances at

various fonims in the first-ln-thc-nation caucus stale.

A press release on Sunday aflcnioon, however, added one more event to the daybook: "Michael Cohen, Executive Vice President and Spedal Counsel to Donald J. Trump, will hold a media availability at

Signahire FBO in Des Moines tomorrow morning at 9:IS a.m."

Election Cenler r2QW\ CNNPolitics-Com Afahanigtnii Cmsgroad.sTlME.com: Swampland AQL's Political Machine The CalTcirlvFilc nioi!

Attachment C

http://politicalticker.blogs.cnn.com/2011/03/07/trump-aide-grab8-attention-in-iowa/ 9/22/2011

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Trump aide grabs attention in Iowa - CNN Political Ticker - CNN.com Blogs Page 2 of 5

Ttanslation: An aide to Donald Tirump will available in Iowa Monday to stir up even more 2012 buzz about the reality television star and business mogul. Bring your cameras!

Ropoitnis - six or seven of them, at least - obliged.

Television crews were invited onto the tarmac ofthe Des Moines International Aiipori to film the arrival of one of Thimp's private jets - the one with "TRUMP" emblazoned in giant letters across the fuselage - and grab some video of Iowa Republican Party Chairman Matthew Strawn boarding the plane to chat privatdy

with Cohen.

Ancr roughly five minutes, Cohen and Strawn then de-planed and parted ways. Cohen lingered to chat with members ofthe media about his day ahead, which he said featured meetings with "major GOP leaden,

advocates, operatives, fundraisers, and just about everybody, I suppose."

Cohen claimed he was in the Hawkeye State not at the behest of Trump (though they work on the same floor Archive in Manhattan and confer icgulariy). but rather on behalf ShouMTrumpRun.com, the presidential draft March 2011

website Cohen launched with Stewart Rahr, another Trump booster. S M T W T F S 12 14 5

CohensaidRahr, the billionaire fbunder of phaimaceutical giant Kinray, paid for the flight to Iowa, though . - I » loii P f f ) TTump was the one who granted him use of the plane. S _ £ _ —ilLa

^ "We do understand that Iowa is the first slop if anyone is interested in Ihe presidenlial election," Cohen said. 20 21 23 24 2S 26 CO "We are veiy anxious to learii about Iowa and be able to report back to Mr. Trump when he hopefully 2Z2S29i!)2i er decides to run in June." JT . ^ «Feb At>r»

Cohen insisted that TTump should be considered a serious contender should he decide to run, mainly because ffl of his long and prosperous record in private sector.

^ "What would be fabulous would be to see him put lhat ability and talent to.woik fbr the rest of us," Cohen ctuaaicbaoki htv* •rrivcii ^ said. "The counhy really needs him more Ihan ever befbre." i.cnieiriini.M«uifliif iMnnaumB&iitcoiirfiiniHp.

iwsic ceiii/GliRNiirbgak ^ The prospect of President Trump has sparked a deluge oflatc night humor and eye-rolling by Beltway Riiz.Ciriion« Credit Cini 10 insiders. Cohen waved it olT. SOLIIOII RIU-CDIIWI Rcwmii poiou. Cou EUie suiui. Apply N

. Hit'w.KqiKiinlHntiiiiiciiiU'iADi President Obama and potential GOP candidates like Mike Huckahee, Ron Paul, Tim Pawlenty and Sarah ^^^ 20127

Palin "have all been made fun of by comedians, Cohen said. wbuid you WFTM Qa». pmy rwpmidcM? vaie in poii. "That's what the press does," he said. "They like to have fun with anyone and everyone."

Ifhe does decide to run, 'l>ump's path to the GOP nomination would almost certainly be complicated by past breaches of party orthodoxy. He regularly assailed President George W. Bush during the last administration,

and he has offered financial support to Democrats, including fonner White Houso Chief of Staff Rahm Emanuel in the Chicago's mayor race.

"Mr. Trump gives moni to everybody," Cohen responded. "It's irrelevant as 10 whether or not ifs Republican or Democrat. He is an individual who looks lo individuals and not the party. There are mony

business deals he does that thai requires."

Cohen said Tnimp coniributed to Emanuel's bid in Chicago after being asked to do so by his agent Ari Emanuel, Rahm's brother.

Recommend : . 11 people recommend thb.

Filed under: Donald Tfiiinii • Iowa « PREVIOUS

Tolowai!Olhe2Qllers NEXTn

For Palin's Dad safeiv is in the guns

iooDdefroy Ropouo)

I. rsahfrom Virginia

He should run as an Independent - since he gives to both sides!!!! Regardless as to how he RUNS - he will nol beat President Obama in 2012!!!

March 7,2011 12:27 pm al 12:27 pm j 2. Martha In CF

Mr Trump, Please don't waste your lime you can't run your own financial house. Please don't think you could

run the countries. I would also hate to think that the While House would become celebrity status.

WHVf.iininiiiu.aiiR/iUfv«;t

Please spare us this..

March 7,2011 12:31 pm at 12:31 pm | 3. we nashvlUe In

Very good news I hope Tiump will run

http://politicalticker.blogs.cnn.com/2011/03/07/trump-aide-grabs-attention-in-iowa/ 9/22/2011

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Top Donald Trump aide in Iowa meeting with GOP leaders | Des Moines Register Staff B... Page 1 of 3

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Top Donald Trump aide in Iowa meeting with GOP leaders 11 :n6 AM, klar 7.20111 by Tom Beoumoni | K Coimncnlt

Cateooriea; Iowa Politics Insider

CO

Nl

o H I

A sentor aide to billionaire Donald Trump anived in

Iowa today to meet with Republican officials and

activists and seek Input about his effort to draft the

real estate magnate and reality television star to run

fbr president.

Faeeoocli

A A A

But that aide, Michael Cohen, said the draft effort was independent from his role woridng fbr Trump, despite using one of Trump's private aircraft to travel to Iowa.

Cohen is execuOve vice president of The Trump Organization and special counsel to Trump. He works on Trump's floor on 5th Avenue In Manhattan.

He Is also is a co-fbunder of ShouldTrumpRun.com, a website fbrmed to gauge interest in a 2012 bid for the Republican. Cohen sakl Monday the website had drawn more than 500,000 supporters.

"I see him every single day. My office is on his floor," Cohen said. "So, I certainly do have contact with him. But right now, this is for ShouldTrumpRun.com."

"Certainly, along with the other half a million Indivkiuais, we are very anxious to ieam about Iowa and be able to report back to Mr. Trump when he hopefully decides to run in June," he added. "This is on my own. I took a personal day today."

Cohen said he asked Trump if he could use the corporate jet fbr the mission, but that Trump Is not paying for the trip.

"Somebody else is paying for it," Cohen said. "Stewart Rahr Is

actually paying fbr it, the co-creator of ShouidTrumpRun.com."

Cohen met briefly with Iowa Republican Party Chairman Matt Strawn before speaking with reporters. Cohen declined to say who else he planned to meet with today, although he said he planned to attend a forum in Waukee this evening five prospective presidential candklates planned to attend.

Trump said Thursday in a Des Moines Register interview he planned to visit Iowa before he made his decision in June.

Tom Beaumont

Tpm'BeBiinipnt Is chief political reporter for the Oes Moines Register.

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Attachment D

http://blogs.desmoinesregister.com/dmr/index.php/2011/03/07/top-donald-trump-aide-in-io... 9/22/2011

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Top Donald Trump aide in Iowa meeting with GOP leaders | Des Moines Register Staff B... Page 2 of 3

Tags: Donald Trump, iowa caucuses, Matt Strawn

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I ha«e South Palm Beach oorared I am in ttcre fme 24/7 Pra TRUMP nm C C

Reply • LM- Septembei l l al 8:28am

Charles Croghan - CM

Dsn'It TRUMP Run

Reply- Uke- September4at 3:S4pm

Charlas Croghan - Ghd

RUN I am tidt of those F0015

Reply - Lte- Septembei-4 at 3:57pm

Charles Orotfhan' Ghd

I believe Mr.Tnjmp Is the only one who ioiows the only way to generals Ihe amouit or revenue.to overcome this dett,with out more Ttas on Ameilcan Busuiess.and our people.l5 a TailfrTBx,The amount of rawnue a TMir will generaia,ls large enough to get tha country out of debtand enough left over,to start to rebulMJk Tarilf Tax wilD rnaice cheap Imports Gosi the sune as Ainerican goodSiTodBy Arnencan wlfl buy AmertosaTb make this easy If American manufacbjrer sale inore ^ will need to maHe mora goodsiAnd the only way to make more they wM need more paople;;;('X]BSr) Reply • Use- Angus 13 at 9:19am

SdibiiPAC. Wiiii liiiie luiiiiniy wul twruia Pdliii's decision, send money September 22,2011

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http://blogs.desmoinesregister.com/dmr/index.php/2011/03/07/top-donald-trump-aide-in-io... 9/22/2011

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Donald Trump Says His Interest in Presidential Run Is Not About Publicity

By Staff, Associated Press March 9.2011

o « o o New York (AR) - Billionaire developer Donald Trump denies he is using telle about a run for the U.S. president to generate publicity for his television show.

Trump, a Republican, told NY1 News that he plans to decide by June on whether to join the 2012 race.

In an Interview broadcast Tuesday, Trump said that the "biggest negative" is that most people ^ don't think he's serious about malcing a run for the job. But he said he doesn't need publicity fbr ffl his television show. 'The Celebrity Apprentice." He said the show got isolid ratings for Sunday's ffl episode.

^ One of Trump's top associates landed in Iowa on Monday for a series of meetings with key O Republicans. Caucuses in Iowa typically launch the presidential nominating season. Kl

^ Trump says his representative was "swamped" when he went to Iowa.

(Copyright 2011 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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ponjilcl Trump will appear at Iowa Republican dinner in

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Donald Trump ptans to make his Hrst Iowa appearance as a presidential prospect on June 10 as the headline speaker for the Iowa Republican Par s Lincoln Day dinner, state GOP ofRclals toM The Des Motnes Register TUesday.Trump's Iowa appearance ts in part the product of the state GOP chairman Matt Strawn's efTort to maintain focus on Iowa, whose Influence on the early nominating campaign ia undergoing renewed scrutiny.

The June event also underscores how tho state party Is invlMng would-be candidates for Individual appearances. Instead ofthe muWcandidate cavalcades of previous years.Trump said in a Des Moines Register Interview this month he expects to announce his plans In Iune.Top billing for the leadoff caucus state's premier spring GOP fundraiser Is'expected to feed speculation about the New York bllUonalre and reaUty TV star, |ust as word did last week When Trump an> nounced plans for a |une visit to New Hampshire, tha leadoff primary state.

Shawn said he approached Trump during a trip to New York last month, alter seeing him speak to the Conservative Political Action Conference in Washington, D£.'When he decided to make a CPAC appearance and first started making rumblings of potentially exploring a presidentlai run, I thought. If thaf s the ease, we need to reach out to him to headline one of our events." Strawn said In an lnlerview.Strawn met.wldi trump and a top. deputy,.MIchael Cohen, at Trutnp's

^ Manhattan ofnce on Peb. 22; the.day before the Iowa COP chairman appearedion MSNBCs morning cable news program to discuss early moves in the 2012 - . caucus campaign, rvl

. Trump committed during the meeting to the dinner, expected to be held In Des Moines. Although party ofHcials had not yet announced a venue, they said it Is _ expected to draw a crowd similar to tha audience of more than 1,000 that turned out to hear former Alaska Gov. Sarah Palin at the Iowa GOP'a fM dinner hi ^ Des Moines last September.Trump told the Register he pisnned te campaign aggressively in iowa if he seeks the 2012 nomination. The June 10 event comes Ml just two months before the Ames straw poll, a party fundraiser at Iowa State University that also tests candidates' ability to turn out supporters.

• ' The week after Strawn met with Trump and.Cohen; Cohen visited Iowa to meet with Republican leaders, Cohen Is co-founder ofa website aimed at gaugtaig ^ support for a TTump candidacy.Trump plans to have announced his plans before-attending'the June 10 evenc Cohen told the Register Tuesd y.'Elther he ivlll ^ be the keynote speaker as a candidate at the dinner or he will just be an honored guest,' Cohen said In a telephone Interview. "He's riot going to make an an-^ nouneemant at the evenL Ha will be announcing his plans befbre that"

K l The banquet highlights the different approach the Iowa GOP is taking to the 2012 campaign from four years ago. In April 2007,10 Republican presidential ^ prospects paraded across the stage at the Polk County Convention Complex, giving short spceches'to the audience of activlsts,Thls year, Strawn has opted to

hold events around the state fieaturbig Individual presidential prospects; Mississippi Gov. Haley Barbour attended the' first one last week In Davenport

The shift was aimed In part at taking the focus elf Des Moines and shifting It to countjr-level party organisations, plus drawing more media attention than a single event w6uld.However, the party also has offered Its bigger stages since tHe 2008 election to many presidential prospects, and offered Invitations to odi-ers.Those who have headlined bigger state GOP events besides the chairman's new series Include Barliaur, former Minnesota Gov. Tim Pawlenty, former Massachusetts Gov. Mitt Romney, former U.S. House Speaker Newt Gingrich, Rep Ron Paul and former U.S. Sen. Rick Santorum.

*i think quite frankly it's more fair to the keynote speakers when diey get the suge to themsehres.' Strawn saidThe campaigns really appreciate that approach because they're not Just one of eight people who get seven minutes."

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^NEWS

Donald Trump's Political 'Pit BulF: Meet Michael Cohen

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By MICHAEL FALCONE (©mlchaelpfaltnne)

April 16. 2011

The man behind Donald Trump's possible 2012 presidential campaign is a registered Democrat who voted for Baradi Obama in 2008.

Not only that, but Michael Cohen, an executive at the Trump Organization who doubles as Trump's chief poiiticai adviser, once volunteered for 1988 presidential candidate Michael Dui(al(is and worlted for a Democratic member of Congress.

This eiection cycle is different. Late last year, Cohen oo-fbunded the draft Tmmp website "Should Trump Run?" It has received more than 830,000 hits.

Cohen, 44. is known around the office - and around New York - as Trump's "pit bull." Some have even nici(named him "Tom," a reference to Tom Hagen. the consigiiore to Vito Corleone in the "Godfather^ movies.

"It means that if somebody does something Mr. Tmmp doesn't like. I db everything in my power to resolve It to Mr. Trump's benefit," Cohen said in an interview with ABC News. "If you do something wrong, I'm going to come at you, grab you by the neck and I'm not going to let you go until I'm finished."

But since Obama's election in 2008, he said he has grown disappointed with the president, so much so that he now describes himself as. "offended" by the administration's agenda. America. Cohen said, has become a "third-world nation," echoing words that have become a familiar refrain of Trump's.

"I thought it was the greatest thing ever," Cohen said he felt during the first months of the Obama presidency. "This fantastic orator was going to make a change In this country. He was going to do things that Bush clearly did not do."

His distaste for Obama, and Trump's professed interest in pursuing the Republican nomination in 2012, led Cohen, businessman Stewart Rahr and other supporters to create "Should Trump Run?" as a way both to spark ~ and gauge - interest in a

potential Trump presidential bid.

A lawyer by training, Cohen is Trump's special counsel and a Juggler of people and projects. One minute he's on the phone with a reporter, the next he's giving orders to an assistant, and a moment later he's finalizing a deal on another line - and frequently, he's doing all three at once.

Donald Trump's 'Pit Bull'

With Trump stoking new speculation about his political ambitions every day, Cohen said "the phonels have not stopped ringing, the fax machine is off the hook" and his email Inbox is clogged. More than a few of those messages have to do with the issue that has catapultied Trump into the headlines recently -birtherism.

"I am certain that the president was bom in Hawaii -I really am," Cohen said. "I am most irritated with the fact that this president has been exceptionally secretive when it relates to any personal documentation about his past. If you run on a platform of transparency, you should be transparent."

Cohen was the aide who flew to Iowa in a private plane bearing Trump's logo to meet with Republican

SUNDAY MORNINGS

ihisweek rin^ristiane Amanpour

1 Real issues. Real Understanding. Real debate.

f I •» CLICK HERE

un POWERED EV (SafFoimrilDynarriicsQ

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operatives there in March. He said he may make a similar trip to another crucial early nominating state - New Hampshire - In the weeks to come.

Roger Stone, a Republican consultant known for his controversial brand of politics, Is k>ng-time Trump associate and a cheerleader for his presidential run (albeit without Trump's blessing). In an Interview with ABC News, Stone described Cohen as a "nice guy" and an "enthusiasT but lacking the political expertise to manage the growing interest.ln Trump candidacy.

"Ifyou need brain surgery, you go to a brain surgeon," Stone said. "You don't go to a dentist."

A case In point. Stone said, was Cohen's one-day Iowa trip that led to questions about his role as both a Trump Organization employee and a promoter of his boss's potential preskientlal campaign -questions that he isought to answer by stating unequivocally that the trip and the website were paid for, not with any of Trump's money, but out of pockets of Cohen and Rahr, who made a fortune in the pharmaceutical Industry.

Still, the trip triggered a complaint to the Federal Electton Commission by a supporter of Texas Rep. Ron Paul, who alleged that the trip violated electton law.

Cohen may be new to presidential politics, but he's not a total novice. In 2003 he briefly became a Republican to run fbr a New York City Council seat at t he request of then-Gov. George Pataki. He lost that race to Democrat Eva Moskovltz by a wide margin. In 2009, he started a short-lived campaign for a New York State Senate seat, but dropped out of the race aifter a Just a few weeks.

Michael Cohen and Donald Trump

By all indications, he and Rahr have more than enough personal wealth to finance the independent effort urging Tmmp to run. Coheri owns several residences in Trump buildings, including a home at Trump World Tower at United Nations Plaza, and Trump Park Avenue, Just blocks from Central Park. His parents and in-laws have also invested in Trump properties in New York and Florida.

"Michael Cohen has great insight into the real estate market." Trump said of Cohen in a 2007 New York Post interview. "He has Invested In my buildings because he likes to make money - and he does."

The feeling is mutual.

"I think the world of .him," Cohen said of the billionaire real estate and reality television mogul who has said he will decide sometime before June whether to run for president. "I respect hirh as a businessman, and I respect him as a boss."

The two talk regulariy - "I speak to him even more than I did before," Cohen said - and he has speariieaded a variety of projects for Trump, indudirig sealing a business partnership in the fonner Soviet republic of Georgia, running a mixed martial arts promotion company called Affliction Entertainment and a firm that turns landfills into golf courses.

Cohen, whose position allows him to play at any of Trump's courses around the worid, describes himself as a "decent" golfer and an avid tennis player. Much like Trump's, his circle of acquaintances Include political leaders, actors and "super high net wortii people." as Cohen calls them.

He only wears Dolce & Gabbana sujts and Henries ties. Even when he was a legislative intem for fonmer Congressman Joe Moakley, a Massachusetts Demobrat, Cohen says he was "always dressed to the hilt."

"Ks very, very surreal," Cohen told ABC News. "I've been admiring Donald trump since I was In high school." (He said that when he was a young man he read Trump's 1987 book, "the Art of The Deal" cover to cover - twice.)

Cohen grew up on Long Island. His mother was a nurse and his father was a surgeon who escaped a Nazi concentration camp with his family during Worid War II. He attended American University followed by law school and said he got his first taste of politics

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when he was a boy. A neighbor of his parents' invited him to walk precincts with New York Mayor John Lindsay In Atiantic Beach, Queens and Brooklyn.

Donald Trump's 'Pit Bull'

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Like Trump, Cohen has donated money to both Democratic and Republican candidates over the years, including Sen. Chuck Schumer, D-N.Y., and Sen. John McCain, R-Ariz. He's hobnobbed with Hillary Clinton and the late Sen. Ted Kennedy. Cohen said he and Kennedy even once went sailing near the Kennedy Compound in Cape Cod and later shared a lobster and clambake.

After law school, Cohen went on to work at a personal-injury malpractice law finri in New Yoik and later became a partner at the ftnm Phillips Nizer. He Joined tiie Trump Organization in 2006 at Trump's invitation. He's manied and has two children.

Cohen said he sees no conflict In his advocacy ft>r Trump now and his past support for Obama. He said his concems are three-fold: the "unsustainable" debt, the country's "ongoing and continuous" loss qf Jobs and the "basic overall lack of respect" that the rest of the worid has for the U.S.

"I'm prepared to put the fact that .1 voted for Obama to the side," he said. I'm more concemed now about my children, future grandchildren, nieces and nephews, and everybody's children and families. I'm more concerned about therh than 1 am about party affiliation."

SUNDAY MORNINGS

•^Christiahe Amanpour

Real issues. Real Understanding. Real debate.

http://abcnews.go.com/Politics/donald-trumps-p6litical-pit-bull-meet-michael-cohen/story?... 9/22/201;

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Is Donald Trump Back in the 2012 Race? - ABC News Pagel of8

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Is Donald Trump Back in " ''•''tJSr ^ Race? (hHn://3l>rnp\w.nft.foni/niilhor/dPinii dtv>-c.rt

ABC Newi' Sheila Marikar and Rieic Klein report; Perhaps Donald TVump didnt realiy bow out after all.

The billionaire buaineaa mogul phoned into Pox News' "Fox ft Friends* this mominK to lament the slate of tlie Republican field. He took issue witli Mike Huckabee exiling the race, saying he's sure Huckabee could win and he's still sure he could haw won.

lYump refused to rule out a ble entry into the Republican preridential field.

'Who knows if I did the right thing," he said. "I am not seeing a lot out of the Republican candidates.'

Asked if there's any chance he'll Jump in later in the race, TTump replied, "I can't rule out anything... [It's] vital that we choose the right person, and at this moment, I dont see that person."

On May 8. Thimp squashed speculation about his potential candidacy, sa^ng in a statement that he "decided not to pursue the office of the presidency' and was 'not ready to leave the private sector.' In typical Trump fashion, he pushed his potential political career aside with bravado, saying 'I maintain the strong conviction that if I were to run, I vrauld be able to win the primaiy and ultimately, Ihe general election.'

UPOATK: Asked about Trump's comments on "Fox ft Friends," Michael Cohen, an executive at the Trump Organization who doubles as Trump's chief political adviser, loM ABC News, 'The statement speaks for itself and Mr. Trump has no additional comment at this time."

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About The Note Tliraii|hoiil the day, ABC Nena' inlltkal team oaairibuia to The ttote whh ilie twy lateR news aad anrfysla horn ilie niilon'a eaplul and ilie aoia campaign nail.

Attachment H

http://abcnews.go.com/blogs/politics/2011/0S/is-donald-trump-back-in-the-2012-race/ 9/22/2011

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Is Donald Trump Back in the 2012 Race? - ABC News Page 2 of8

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RapvUloans ham a prablam. Harals OonsM Tiump pubHdy oomlng out (and on FOX no ton), prodalmlng lhal all Dia oandidalaa audi. LOLII tal ya..l sH think Tnanp b a Damooialaparallva;

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Trump May Run as Independent in U.S. Presidential Election - Bloomberg Page 1 of 1

Bloomberg

Trump May Run as Independent in U.S. Presidential Election By Peter Woodifield - Jim 20.2011

Donald Trump said he may run as an independent in U.S. presidential elections next year.

^ "I am considering doing something as an independent," the 65-year-old real-estate developer ^ turned reality television star told reporters in Aberdeen, Scotland, today. He said he would make a ^ decision after the 12th series of his show 'Hie Apprentice" is completed. 'There's plenty of time," 7 he said.

1 Ttump said last month he won't run for the Republican presidential nomination in 2012. He was in rri Scotland today at the start of a three-day trip to promote his new golf resort, whose course is

scheduled to open in July nesct year.

Trump has considered a presidential bid several times in the past, including in 1999 when he formed an exploratory conmiittee to consider running for the nomination to be a third- party candidate with the Reform party.

To contact the reporter on this story: Peter Woodifield in Aberdeen, via pwoodifield(5)bloomberg.net.

To contact the editor responsible for this story: Rodney Jefferson at r.|efferson(g)bloomberp.net

«2011 BLOOMBERG L.P. ALL RIGHTS RESERVED.

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CNN.com - Transcripts Page 1 of 10

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WASHINGTON, DON'T WEAKEN

CLEAN AIR PROTECTIONS.

AHERICAN LUNG ASSOCIATION.

mim luntUf A o r | SUZANNE MALVEAUX. CNN ANCHOR: Top of lha liour. ta Suzanns MahMsux. want to gat you up to aposd.

bnwslois are responding M a y to tho U.S. credit rating downgnds by aeVhg. Dow Jones stodi now doaai by 308 polnla ttiday. R la tho Aral Iradhg day aineo Slandaid S Pooi^ cut Waahbigton' ming. That has novar happansd batore.

(BEOiN VIDEO CUP)

SEN. JOHN KERRY (D). MASSACHUSETTS: TMa la without question Die Tea Party downgrade.

(END VIDEO CUP)

(BEGIN VDEO CLIP)

SEN. UNDSEY GRAHAM (R)i SOUTH CAROUNA: Now, ttie Tea Party haa come to Washington talking abbul reducing apending. Thank God Iheyire here.

(END VIDEO CLIP)

(BEGIN VIDEO CUP)

SEN. JOHN MCCAIN (R), ARIZONA: By lha way, on the S&P iMng, dont ahool lha moasanger. la there anybody thai bellevea lhat S&P la wreng In ttiair aaaeaimenl of the flacal ailuaUen of Uila eounky?

(END VIDEO CUP)

MALVEAUX: A brand new poi ftam CNN/Oplnton Reaoeich Corporallon ahowa an ovonwhabnbig ma|of lly of Americana. 76 petcenl. ttM thai iMnga are going badiy In lha couitfiy. Jual 24 percent thinka that ira going well.

The Whito Houae la hirioua over the credit rating downgrade. President Obama la going to lalk about il at the lop of the hour ftom the State Dining Room. CNN wB cany It Hve, along wUi enaiysla.

A NATO hellceiitaf had to'nMi'B hani tandbig In Afghanlatan today, bul gnnkfuly nobody waa hurt. The biddenl happened In Patke PiDvlnoe In ebullwaahirii'Aighanlatsn. II comes Just two daya after the TaHban shot down a U.S. heflcoptsr, killing 30 Americana and eight Afghanal'.Moat of the deail were of Ihe elto U A Navy SEALa.

Navy seaman Craig Vickers, he worked wHh he bomb disposal unlL

(BEGIN VIDEO CLIP)

ROBERT VICKERS. SON KILLED IN AFGHANISTAN: Craig tafted about Joining the mlltaiy. and to serve hia counby. And lor Mm U waa God firat, hIa oountiy and family.

MARY JANE VICKERS. SON KILLED IN AFGHANISTAN: For all thoae that were on that heHooptar. every IHa Is Important. Not only IMa Incldanl. bul ad tho ones betore them.

(END VIDEO CUP)

MALVEAUX: The bodies Of the dead Amerieena may be flown home aa eeriy as tomorrow.

Wen, the Syrisn mmtery rallad Into aiioihar iowhiledayito cniah anlhpovenanent preteato. The bnjtallty followed abnilar attacka on two ottiar dUea IMa weekend. Both Saudl. Arabbi'and Kuw^ hove recaled their ambaaaadon to Damaacua. ITie Saudi khg, takbig an unusually harah tone with an Arab stete.xaled'cih Syria to hall lla 'klilng machbie.*

bl Texas today, a'sontandng hearing continues for polygamlat sect leader Warren Jsfls. Now, last week, e Jury found Jeffs guilty last wDOl('.oi;aexiially aaaaiillng hwo gbta. They were 124nd-1 S rear oMa at Ihe tbne. And JeflS haa lad a fhindamentellat olMioot of the Morman cKuich'Bbic6.3NBb2. He IScea the posalbHiy of MS In priaon.

Well, you wouM be harri.pres3ed to find any happy peopto In Kemp, Texaa, today. That is becauae ttie mayor haa himad off Vie entim townTa water a^goL and ira going to be 107 degmasinlsanBrnoon. The water wllalay on imichol Ihe week aoKsmprswaMrbwran^ refll. PersMant heal and hard diy greund keep cracking the town> wator pipelines, which date bsck to ttie Great Depreaston.

Aweaome. She haa been In the water tor mora man 16 hours now. Diana Nyad, who is 61<ye8n oU, la trying to be coma the fim person to swbn from Cuba to Ftorida wilhoui the protactton of a shark cage. She says dent Isi her age loo) you.

(BEGIN VIDEO CUP)

DIANA NYAD, SWIMMING FROM CUBA TO FLORIDA: I eho wsnlod to be e women tor ttwusends, end 1 dare aay, minions of peopto my age, who ere going to took end say, 60? You know, the Joke Is 60 b ttie new SO, and ira Irue. We're a younger generathin Uien ttie 60

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CNN.com - Transcripts Page 2 of 10

Uial want betore ua. And I want to be Oiere to aay we have many, meny yeen of vIlBlily end abengtti and aervtoe ton In uai

(END VIDEO CLIP)

MALVEAUX: Nyad fIret Mad to awbn Ihe Ftoride Sbaito bi 1076 when aha waa Juat 28. Now. if shs succeeda ttila time, ahe ahouU errive to Vie Ftoride Ksya about WSdnaaday morning.

WS want to take a ctow took at ttw mariialB, where atocka ara down sharply talawbig tho U.S. credit laUng downgrade. Now ftsl day of Iradbig shce Un dedskin by StendanI 8i Pooi^

And t want to bring to CNITs Alaon KMk - she^ al Vie New Yorti Stock Exchange - end Ted Rowlsnds, who la at ttw Chleego Mercanlle Exctiange.

Alson, I want to start off wWi you.

WhaTa np wnh Bie Dow Jonea ri^ noM^ Whal are we waicMngl7 Whal are we eeelng?

ALISON KOSIK, CNN BUSMESS CORRESPONDENT: You know, ttw good news ia, ttw Dow la off Ha towa. We aaw H pkmge aa much aa 305. ira down only 325.

But ni tea you whet, donfl bPnk. TNa wotattlty to teodtag te wfld awhga of 100 pohb to a matter of nrinutea.

JhBoti anoBwr'iBGlor irilaebng'ttis bada'.todsQr. The SAP atao downgraded Fannto Mae and FradiBe Mac and more Vian a dozen oVwr IMeiBlly^aGked'iieiendia.' il'doaanf afme'ea'a huge eurpriae, beceuse Fennh, Freddto. end ell ttie oDwn. ttiay are enna of the gowmmenL They leiy on the gbvemmenL

^ What B may do OMugh la B nay inake It nan aspenshre Ibr ttwm to bomiw. But nioD you whBLU.S.boBaintea. Suzanne, toeya^ ta abong demand today, ira stn seen aa a sate haven.

rM ^ Ratea had bean npecled to rfas becauae or Bw downgrade. WPTra not aeebigliathappenbig at ttiispobri. becauae Ow realty h, we W may not bo AAA, but AAfkia,n:kstni ttw second Mghealiattng hare. And Vie government dhlntdeteuB, 80 ire gobttlte bo able tepey Be

Intereat on these twnds. •yn Iranicaiy.wate nol eeabqipeidctabeaaurieattiataoma bed eapected,ttial 80 many people bed aiqiected.AiMl even Vwughatocka^ ' ' sharply tower, weta not aaatag any panto here elttiar, even Ihoiqh we are aeabigOw Dow dRip 325 poln^ lif j panto aeilbig-Suzanne.

^ MALVEAUX: AB right Alaon.

^ I want to goto Ted Rowtanda at ttw Chicago MereenOtoEachange.

O Ted, whal are you eeelng Own?

Kl TED R.OWlANDS,.CNN OQRRESI>pNOENT:'W«ni ihto.la whsre Vwse seeuriliu.Oial Alisoii.wbs WMng aboirtare bought md.beid to tema ol ihe tieifiury: Ainrf borii ttiS' outset df Ow o sHIng here to Chicago, paepie'wera Ooddnii to U.S. treaaury.bonda. A tot or-'.Uiare

^ was o sense'Oial oftor tho.downBmde.-oli, ne. w i ^ gqbig to have Vila hterest rato hike, bnd money Is going to oul more tor cam and hanias.'el.csten,' et 08teia.-ttii lliari)ust'simply.ndi'ha|ipenlng. Aa ABson sSiiib IMSirK noMiiire to parte your mbriey. Il.yoii Haft M i l to be to the atodt rnMeli U.S.'treBaurie8 eiiB alB ttw aeteat way to go.

And we^ ebeohilely aeeing ttwl play oul hare today. And analyate Oilnk ttial ttwl wfl play out to ttw near Ibtore.

The only issue is, Uke ABson also menttoned, Fsnnto, Freddto, and Die other agencies tlsd to the Fed, Vwy ere seeing a downgrade. You may aee ttat et atete and tocal toveb. too. Muntdpal bonda couM alio be downgreded. That oouM coat laxpayara money, R eouM coat those tocsl govemmente money.

The bottom few, ttiough, at ttda poktt peopto era stfl flocktog to ttw U.S. end spendkig ttwlr money buykig treeauriea - Suzanne.

MALVEAUX: All righL

Ted. Allaon, Blank you so muoh, boVi of you, for pulttag Uils Into psrapseOve.

Here to your chenee to Talk Back* on one of ttw Mg atoriaa of ttw day. Todaye queslton: Dose America need a Bwral Tea Party?

Carol CoatoDo. ahe la Joining us bom New Yoric wItti more on Uist.

Caiol, a very provocettve queaOon.

CAROL COSTELLO, CNN CORRESPONDENT: irs In apRa of a tot of totaresflng convaraalton ea wefl. Hear ma oul here.

American iliarela an dotog a tot'cf.aouMarahlngjIghl now. Many are fiirioua wItti Preskient Obama and aay he caved to ttw right whig on budget cute wittiout geUlhg in bi^ss^'te'reium libeauae, ta sure youVs heent Republleana woni even go ttwre. CNN ooniributor Mian ZaOzar aaya Ibarala need lb pi .lhelr.lrump.cardi

Ha aaya, Damocrala ere hequanVy scared to say what a msJoilly of Americana ttilnk. The pubic haa favored raMng texaa on Uie weelB^ to heto tower ttw deficB.*

So, whet to do? HBO boat BB Maher aaya Iberals need e radleel wing of lhak own ealed ttw Donner Perty, named after ttw American ptoneere who had to tern to cannibafism to aunriva.

(BEGN4 VIDEO CUP)

BILL MAHER, 'REAL TIME WITH BILL MAKER': We need toudmouttia and bad dressen who een metoh ttw Tee peopto msnlso tor msnlao You soy no new tsMss on Ihe rich? We ssy tax Ihe rich et 100 pereenL AppeienMy, crazy is ttw new sensHito, end we wll not toae ttw war of bad Meea.

(END VIDEO CLIP) COSTELLO: On Keitti Olbarnwnn'S XounUtown' show, former vtoe prealdant Al Gore ceDed ttw debt deel en ' oubage ttiat abandoned naJorBy ruto. If you beleve ttiaL ha aaya, ttwn you shouU rise up.

(BEOIN VIDEO CUP)

AL GORE, FMR. VICE PRESIDENT OF THE UNITED STATES: We need to have an 'American Spring,' a kind of an American Tahrir Square, norwtolant chenge where peopto Ham the gressroote get Involved ^eln.

(END VIDEO CUP)

COSTELLO: That, Gore eaya, would even ttw ptaying field. But to ttiat really what America needs? WouU sn 'American Sprbig' or a Donner Par^ Just tosd-to more hyper-parttaanship?

So. Ihe Talk BacK* queaUon todey: Dees Amertes need e IBieral Tee Perty?

Facebook.comK;BrolCNN. ill read your commante teter ttila hour.

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CNN.com - Transcripts Page 3 of 10

MALVEAUX: AB right, Carol. Thank you veiy much.

t want to go five to London. Wa^ aeeing some five ptohires now, and we understend Hiat Uieae ptotorea are of groupa of people who hava been Been ajtogediy tooUng. believad to be retalBd to ttw weekend dote.

Wk aaw aoine pickires of toBis bytag to break tato atoiea, rashhg peBce. Al of Vito happened tolkiwing eboul 100 pM enesled Sundey night end eeriy iytonday morning to oonneoOon wHh vtatonee ttiat onqited over ttie weekend.

There were rieb ttiel heppened en Setorriey rilghlto.Die dty^ Tbttenham naVdiertiood, end had Gonttnua etoewhare to ttw oBy on Sundey. The vtatence. dwl happened en'Saturday. It started to Uris oUmtoeBy diverse woridng dsss suburb norih of Lendorfs center, end R started beceuse of Oie;iilMtfir(B:riaalh''oa~ Tliuraday of a 20-yBanobl men.

And Uwae ahoob'ng daattis are vary rare ta Britain, but a tot of peopto quHe engiy and upset toking to ttw abeeta, axpresatag tasir anger. More Hian 100 peopto Sunday night and eeriy Monday betag anestod.

II tooks Ike talnga m|g^ be heattng up on ttw abeete of Landon again, aa we take e took at ttwae Uve pictorea. Wei bring ttwm to you. Oh, it looka now aa if you are aoaing aoma of ttw pofiee ebnoal chaaing - you aee e group of peopto Oiat ere actoal moving and lunnbig.

Wete going to by and get more tolormatkm on vriwt wenre echnly watchtag out of London 08 aorne vtolent proleab aeem to be emeigtag, and lUowtag 100 peopto enestod over ttw weekend.

We're gotag to teke e quick breek end sort out ttwse ptotoiee. (COMMERQAL BREAK)

_ MALVEAIJX: You ara tooklnget ttw faeae of aoine of ttw nettori'Sfeltonherees.ThbtyU.S.boope were among 38 peopto klled when e St* banaport halcopler went down ta Allghanlstan.

^ Most of ttw Americana wan oBe Navy SEALa on ttwirwey to help (Bitowboops during 8 heevyfiienghL II was ttw deadlastlncMenI tar ^ U.S.fercBstattwdecede4ongwer.

^ Wei, today, lainBynwndiera ere mourning ttwlrtoas and praising Ihek courage.

N l Our Brian Todd raporta on ttw heertbreak in a tamly end B community.

K l (BEGBH VIDEOTAPE)

^ BRIAN TODD, CNN CORRESPONDENT (votooover): Kknberty Veughn deacrfbaa ttial honlbto moment when unUbnned onksara came ^ to her door and toU her about her huaband.

Q NMBERLY VAUGHN, HUSBAND KiU£0 IN AFGHANISTAN CRASH: And I Just fSI to my knees.

f t \ TOOO: Anon Cerson Veughn waa one of 22 Navy SEALS kfitod to Ihe heBceptorcraah to Aighenlstan.Kimberty is now Isft to cam fbr ^ monttMU daughler Chambarfin (ph) and eon Reagan (ph), who tema 2 yeare oM next month.

PH VAUGHN: I went to the teB Ihe worid ttiat he waa an amazing man, Dwt he waa a wonderfM husband and a IMiutous taDwr to two wonderibi chiUren. And he waa a warrior fbr our counby. And he wouldn't went to leave ttita eertti eny ottier way ttien how he dM.

TODD: On ttw boeniwBlk, ta ttw dtaere of ttw Vaughn^ newly adopled hometown of Vbgtala BaaGh, a oommunBy grievee for needy tero dozan young msn who were ta Owb mMsl, bul who ttiey never resiy got to know. Mary's Rssteurant b a hangout ftir aome of ttw SEALa baaed neer Vbglnta Beech.

UNiDENHFIED FEMALE: You tod like youVe et reck bottom egata. You Jual fsai llw yo i^ nol aucceeding et what needs to be done. And you heve to ask b K worth tt. to anottier lib worth U?

UNIDENnFIED MALE: It a grave lose, and wete very aed. Very ssd dey.

TODD: These were secrettve, elito oommendos who could never reveal whal ttwy dU to ttieaa nalghbore.

(on earmjriq: Sdg..|jBepto here foU a ctose bond wlUi ttie SEALa. And oiily.Sboui-13 weofca. OibipommunBy haa gmje bom ihe.irhmiph of ttie.Mlltag of OaHiia JMi Laiiionjto.whisl now eppeara io bo ttw Mggesl sliiglo.toA of ihe ln,SEAL Mstom. (volce«ver):'Vbg|ida BeaicN Met .wai'SosMm^wiBr SEALS eftarthe Bbi'lMen raUrbulkim Now, he's gctto.hbl|!''ori entire dly'grieveidr b group of lyoiing msii whose names ttwy may be hearing'tor the flr^-llme..

MAYOR WiaiAM SESSOMS, VIRGINIA BEACH, VIRGINIA: tt huria and, you know, bul H's a shsred psta, whfcdi meens ttwl everyone ttitaks so highly of ttwm.

TODD: John McGubo toiows el ebout ttwl shsred pSta. He waa a SEAL tar 10 yean, stettoned neer VIrginie Beech.

(on camera): la ttwre eny aunrivor'a guffl among currant or former SEALe when aomettdng ihe ttils heppened?

JOHN MOGUIRE. FORMER NAVY SEAL: 1 ttitak fonner SEAU ike myself end al SEALa go ttiraugh aO ttw emoUons. But. you know, we era et war end fkeedom fsnl free. And ttwse guys, I guarantee every one of ttwm, if they had a chance they would do It al agata.

TOOD (votes-over)-. Now the focua turns toward helping the tamltos. Current and termer Navy SEALs end ttwk commanders wB be trying to raise monay for the Navy SEAL Foundation, a group dedteetod to givtag financial support to ttwse left behhd.

(END VIDEOTAPE)

MALVEAUX: Our own CNN's Brisn Todd Joins us Uom NoriUk, VIrglnls.

And Brisn, ttie loss of every boop^ Ito b equely bagto, but ttw taiped of toatag so many In om day haa attracted more euenUon.

Can you put Oito tato penpeettve for ua? What doea ttils mean lor ttw mflftary communNy?

TODD: Wed, Suzanne, for Ihe community around here ifs devaataling, Ifs exceedingly painful.

You talk to military members, their famlies, family membera of ttie SEALa, ilia a huge, huge teas. Ifs Juat starting to atak ta for many of ttiam.

Aa fbr ttw aetoal efleet on Uie ftMce, ttwra also very petatoi, beceuse I tahed to a fornier Nevy SEAL Juat B short Hme ego, snd he said. "Look, ttw SEALa are not a large force. They doni deptoy ta ieiga numbera.'

Thb wB have B Hg toipaet on ttwir iorcea right now. The toaa of 22 all at once, ttial^ e Mg btow. But he aeid ttwl. posalUy, witti ttw drawdown of treopa In Iraq, ttwn aome SEALa who are aarvlng Uiere oouM be fteed up to be depkiyed to A^haniatan.

He aaya thafa likely what ttie/re going to heve to do, et leaat tar ttw abort lamfi. But he aaya ifa not easy to fill ttw SEALs ranka. He aato every year, about 200 guya by out for H and only about 20 of ttwm make tt. So you gat a aanse of how herd tt b to n ttwse ranks.

MALVEAUX: Brian, ta going to go to Afghan Islan fbr ttw lOtti anniversary of ttie September 11th atlacka. And ihe mlHtaiya focus haa been on bringing Americon aokflere home and Irataing ttw Aighana to toka over.

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CNN.com - Transcripts Page 4 of 10

Doea tab Inddent make ttwae who youVe talked to toss confident ta ttwl mtostan?

TODD: WsB, some of ttw ckizenB. toe chBtons ta Bds area, kkid of queatton ttial and quaatton whal il'a gdng to be Ike when U.8. forcea laavo. And ere ttia AlUhana going to bo up to ttw toak? Ihafa ktad of an ongoing laaue here, and wondering whettwr ttial^ going to eome to paaa taa way U.S. laadan hopa ft wia

.But aa tar aa ttw Mbaton Baatr, If you talk to mfiBaty paopto who ere eehiaOy deployed on ttw mbatoa ttwy ara oonfldanl ta ttw Aighans, ttwyta oonfldaitt ta bstag abto to cany out ttwb mbstoa of course, for ttw dunUon. IfS Mod of a dUtarant perspeclhre you gel b a l ^ ^ cbfltane who are ktad of walchtag H and mBtoiy membera who are toktag part ta n.

MALVEAUX: Afi righL Brian Todd, ttwnk you vary much. Wb wish ttw mBteiy communRy and taair tamlDaa our condolancea and ttw vary besttottwm.

wan, ttw U.S. downgrade f ^ e araund ttw worid. WWVe gotag to cheek on ttw tatomBttonal mariwto up naxL-

(COMMERCIAL BREAK)

MALVEAUX: WHYa keeping aii eye on ten dewetoptag atoriaa. One. of course, ttw stock meriiato and how Oiey ere reacttng to ttw credit downgrade ttvoughoul ttw worid.

WeYe abo focuatag on Bve pichirea here. Theae ptobjres out of London. PotenttBRy more viotonoe end B standoff between poico on ta^ streeto and prataeten.

Thb bMolvee poBce ta London who onastad more ttwn 100 people Sundey nVit. gotag tato eariy momtag. nwse preteste Biv^^ ^ riota on Sahirtlay night ta ttw ctty Tottenham nelghbortMod.

u% The roBson behtad'iMs is'ttwl ttiBra.was:a;Shoodng.dBata 'ol-h.2aiyaoMrid,riHin, and paople ta ttw neighbortiood beBava teat pelce shot ' I 'Mm'ie4uBlly:a![«lteriatt'iDiik'^l^ tfk MMib.eertJerenemp!l.lo.'arraal Iho'.lhdhMjoL And 'shote. wero.flrad,'oria pppplB'ta ttw netghboriwod say ttwl ttw poBca Md down ttda 2B-^ yoBMiM mm a'nd; hpl hlin ta.ttw hoad..And ttw'pelbe how dmled'ttib: bul ttita haa cauaad a tot of anger end oonstomaOon In tab ^ patllcular pan of Londdn. aiid;'ta.ihb.'eOii<ca dhmrae nSighMitaod.' Than are aome who peqpte beleve ttiat tt una radaly moflvalad.

1 1 So weYa walchtag apaoptobogta to gattwr agata ta taa abeete of London. And riot poBce,aaean you Baa,hahflngttwlrbBtona and taabshtahb.wantagtoseewhBlheppefwnert.

ffl M You can aae one of ttwse riot fnBceopprokhtagsoMraiiM ttw prataslBrattienLYbu.see4igenaomm >1 approachtag hkn. Bul B taoke Bile realy idnd'of cl.altaiddff.aBuaiianb nol a tat'of o lMiy yoi„b''iii:a;«wy.iar^ tfuatton ta ttwl part of M> London becauae of ttw deatti oi Uial SB^ynhoM nun urataVai^ unuaual cbcumitehcWi-aema pMftto pUeve ta ttw neli ibariiood, end " ttw riob ttwl anauadovar ttw wiiiiiMM,,teii^

WaVe going to koep walchtag what takaaplaoe here. Obvtoualy,e very tenaesitoattonaa taa poBoe aland ttwre and wait to aee whet K l devebipa nexL whet happena naaiL And we ere gotag to keep a ctoae eye on ttwae ptetoraa and bitag more taformatton to you V ttiere are ^ tartherdevetopbtente.

WeYe also watchtag ttw martwls. where aUKka are down sharply. Ibb Is the first day of bading since ttw dedston tiy standard & Pooi^ to downgrade ttw U.S. credtt lattng. Tho Dow Jones, now down by 317 poinb or sa

we era ateo awalttng ttw preaUenL In about 30 mtoulaa, Jual over sb. ndmiloi.'ha's gebig M:maka a pieaManttal alatomani In lha State DIntag Room at ttw WhBa Houso. Hsib gotag to be eddrssslng '6 tol al'A» opDbwris'niai pao^ have about what to taking place, ttw eeenomlG criala, ttw downgrade ta credH, whal b happentag ta-ttw.woifcl' nmola,'ttielr respo.naa to ttib.

Fenhto Mee and Fiaddto'Miw tf .tKUa.dowrjiriiilaU tadiqr aia'welL And vrtwra does ttw.eounby go fnm here?.Hpw does ttw government iuild hdw.db bidivldiKds-'hm'ara.l)ny,bqiBpta^ on,att of ttib when B oomes to homo.kianSi niaHgqBB3.'ttw prioe Jual to bonow mondyi\ttw'taibre 'rah«h-.lfw.vohib'lilidlie deitar.-aa'wnn as U.S. crsdIbBtty etound ttie iMm'-beeausb ol tt<8 unprecedented move et Standard & i;be S; 'dminBfBd |'.l>i£

So we're keeping a ctoae eye on tae WhBa Housa And ttw presidsnt wfl eome out ta aboul 35 mtautas or so to addrsss al of tab to ttw

Wei, toe ectton by Standard S Poor is being fbB around taa worid. I want to bring in Andrew Stevena, who anchore CNN intamattcnal ta Hong Kong.

Andrew, you have been hilkiwlng Uita. and obvtoueiy ttw tatamattonal mariwto - you have got Eurape, you^e got Aato - raecttng to ttw

Whal lias been Owlr lesponse today? How nannua are ttwy?

ANDREW STEVENS, CNN INTERNATUNAL ANCHOR: They ere very neivaua, Suzanne.

They ara reacttng net ao much to ttw cradR downgrade, becauae a lot of ttwl had been expected, tt wes sUI obvtously e shock when H heppened, but Ife more ttw remlBeaUona of ttwl downgrade. Whet b tt gotag to meen (or ttw U.8. economy?

Lore atari wHh Aala. ta In Hong Kong. Eveiybod/s hicksd up ta bed at tae momenl. li^ 12:30, but ft aounda Ike R'e gotag to be e pnlly rough dey egeta tomonow. And ttwt's beceuse there to sifl ttita reel tack of ctarily ebout whet H Is gotag to mean for ttw tongartenn strength and health of the U.S. economy.

You talked about ttw eoncema ttwl peopto ta ttw U.S. heve about ttie ristag interest rales, ttw polentiai of rising tatarest rates. If Owfs gotag te stow down tae U.S. economy even foriher, beceuse H does seem to be on tab alowlng bejectoiy, ttwfa gotag to worry ttw Aston

And we sew ttib big sefi^ In tae Aston exportera, plus tas commodlly compentos, resource companies. Thafn ttw peopto who foel ttw I^Ml economto grawta wita raaouices. Big seB-oflb.

Jepan, down two percenL Hong Kong, down two percent Shanghai, down four percent

Ifs ttw seme story In London, only there's also tab other twtat Suzanne. It's not Just about ttw U.S. Ifs also about what b going on in Europe, le Kely going to be aucked into ttw euro debt oontagton?

Al ttw moment, the bond ytoU, which b tae key measure to took at how tae confidence In Ihe llaBan market b gotag, ifa tooktag good et tae moment Thafs only beceuse tas Eurapeen CentrsI Bank to in ttwre buying. Thb ia a ahort-larm fix only, so tasre sre a tot of huge laauea at ttw moment

MALVEAUX: Al righL Thank you vary much, Andrew Stovana, for bringtag ttwl to ua.

Obvtously, we ll be foOowIng how ttw worid market b responding to ttib economto crisb. And vriiet do ttw leeden of Slenderd A Poor's say about tae downgrade? WeYe going to heer from ttw nwnaging dbaetor.

(COMMERCIAL BREAK)

MALVEAUX: Standard & (WB ta standing by lb dedston to downgrade ttw U.S. cradii raling ta the faca of some harah criUebm.

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CNN.com - Transcripts Page 5 of 10

Treaauiy Sacratary Tlmottiy OaBhnar seys ttw egancy ahowed tarribto Judgment.

Wei, Poppy Hariow wtth CNNmoneyjcom Just spoke wHh SWs ifobsl head of sovereign raOngs. and ha tataad about what ttw U.S. wouM have to do to gat ttw AAA lattng back. Poppy, what dM he say?

POPPY HARLOW, CNNMONEYXOM: Yea, you know, Suzanne, you'take - he vohamantty oppoaas what Treaauiy secretory Getthner sold, obvtously. Bul he sata ta enter to gel ttito countiry.8ort.al.baek:on'ttM gijMifHl and.ndt risk another dbwngrade'beGause.wtfre not negeflve walch from Standeni & Poor's, ttwy eeid, (he'niBxI'lwii.years, .H ttmgs doni chvnge,. wb coiiM bo'dovmgreded a g ^ He ssU we need tew ttitags. Rrst of el, we need polUosI sUblliy )ri yWimriglOT.- a'dboourad that ahoias SAP Owl we caii indewi M M ihrough on our debt redudon plana. And aecondly, we need revenue. We heed toibririg' nwro'marioy.ta'leipay diown ta'al 'dabi and bitag taat debt to GDP ratio down.

And I Bwught hb petal on taxes «ras partlculariy talereattng. Teke e listen.

(BEGIN VIDEO CLIP)

DAVID BEERS, SiP MANAGING DIRECTOR, SOVERBGN RATUdGS: Ifa. ppsstato nise ttiat ttw admlnisbaUon wDI be ebto to persuade by next year Congreaa to', you know, do what tae adminbbaUon wantrto (to.anfi aecure.seme extre revenuea bom Mgh-tacome texpeyers. That could enter tae mix, in which case Ihe outtook couM pbsslbly revert U sInHs.

(END VIDEO CUP)

HARLOW: So, taara very tatorealng, hb wonls on texes beceuse ttwre hes been a tot of tali about whettwr er not taxea need to be lalsed end a lot of experts you tota to sey V you Just do ttw math Vs riot going to woric wlttwut tacreesing laxae ta one way or enottwr.

Htotortoaly, Suzanne, Just to ghre you some penpeettve, five neUons ttwl heve been downgraded bom ttw AAA stotus end have gotten tt back evenhnly, tt haa token at mtalmum ntae yean to get taet back, between nirw and 18 yean for ttwae counMes, So, we mey heve s

Kl CO MALVEUAXrltwouUbeveiysignineantirwegolHbsckeBritortaanOwL

^ HARLOW: Right

^ ^ MALVEAUX: Alright Poppy H8itow.Thenk you veiy much. Poppy. ^ Preside nl Obsme facing a twcMash from some of his strongest supporters. I'm going to talk with columnist John Avton about ttw politteal ^ faltout from ttw debt meaa.

^ (COMMERCIAL BREAK)

Q Kl Q OSAMA: Wave watohtag ttw debt crista ptay out ta ttw stack msrtwt but what about ttw polHteal fSBout? President Obema (acea a

backlash from some of ttw supportere over ttw debt deeL

And Jdntag us to tolk about ttwl, CNN conlributor. Ne'e a e ssntor pofitteal cdumnbt tor •Nawawaeir and "The Daly Beaat'

John, what struck me ttib weekend was lalVbig.to'OliiBriya's'supporters, who were not onty alarmed by whet happened In ttih drop In the credit rattng, ttwy were else seying two talngs. jQne. thatiObame hnd hot been abong enough ta getting a better deal and, ten, he couU not overcome ttile credR debeCto. Do you ttiiiik ttie,eredn'dBwiigraito makea Obama a one eim presldsnt?

JOHN AVLON, CNN CONTRIBUTOR: No, i don't ttdnk - talking ebout one-tomi presklency et ttde point b very prametore. WeYe eHI e tong way of from tae etocUons.

Bul H'B-.tiuo.-of.oouisa. Suzshne, taat etodddib are uBlriiiie|y Huvly'lriRiienced by whattae econonfy Is 'dolrig: Pdbpto voMwIta ttwir pddkMbbdk'winii 1w ^aelh. So.'ta'e bicl ttial'ObifrKrs bduja hesibedn veiy fhistra|tad.6y bpih hb ppitennance to ttw negottaitoris and lo'oly. ta'lib-bveiiril'.ocbnointo phlaeaiih|F..irB :taiiwrtanl lb lenwmbsr Ihoy believe that ta'a.prasldanl iquld.be foouaed moie qn.'Bpamfirig whwees-.o! cbunjs, ttw rightMng Glwiain pi l>rnMmt OlNir^ he apent far too niucK and put w ta e poattton of u'nauateftialito deflcflanb debt.'

So, ttw preaktont to some extent b ahick ta ma mkhfle here. But tor el ttw btome game gotag on ta WasMngtan, peopto gtee htai moat credit tor dealing with ttw deflelt and ttw negottafions, and then the Democrats in Congress and taan RepuUteana.

MALVEAUX: Artanna Huffington of 'The Hufllnglon Post' hes been e big supporter of ttw presideni, bul she's etao been qutte eritlesi of hkn beceuse she boBeves ttwl hare got hb pribrities wnong. Thb b whet she toM Fereed Zekerie over ttw weekend.

(BEGIN VIDEO CLIP)

ARIANNA HUFFINOtbN', THE HUFFINGTON POST: Fbst of d , edRorieliy, you knew, we have been very crittcal ef many of ObenWa poltotos. And ourreporteie. our'JouniaUste,Dnd ovarytwdy. you know, haa been puzzled by ttw ISct, end whOe you have a nattonal eonseneue ebout impriV^ grtM^ imi Jim. pbamo hu not atood up for ttwL

(END VIDEO CUP)

MALFEAUX: John, do you taink ttwl ahe has a potat here, Out ttw Repubiteana are successhilly stosring ttw preshtent's egenda?

AVLON: Wel, 1 donl know taat ttwy ere stosring tae presidsnfs egenda. bul Ihe tofiHwing DemocraUe point ttwl Arianna Huffington articulated b ttwl ttw prasidont should be focused esdushraly on Jobs, and ttiat tae beat way to do taat phloaophbaily, Damocrete bafieve. Is to have more government spendtag.

Now, of'Gouree, taat fitaa ta tae IMa et for axampto. of whal BftP aaM ta Ihoir downgrade, whtoh b Uiat realiy tab b really a problam vrita two - we tece a OjBMmgiadb ior lwiiS reasons. One, unsustotasbto toveb defictt and debt. And two, sn abnosphere of polUcal brinksmonsMp bi'Washtagtoii.-wliiGh'hb8'made govemmente teas stebto end toss eflbcUve.

So. you know, as we torn to ttils Jotal commtttee ta Congress, wNch realy has ttw onus on ttwm now to stort dealing with ttwse two problems, more potarizsUon b going to be ttw problem. Aiid ttwrs ecttvely whetpeepto Ike Arienne Huffington are advoeettng ftom e DemocraUe posiUon.

MALVEAUX: And John, tae president presento htaMoH ee a moderate volee es tab, tae raesenebto grown-up, ta tab debele. Does ttwl appeal to moderates taat he desperately needs?

AVLON: wei, oertelnlyi I mean, look, tae preahlent needs - people era etocled in Amertce tf ttwy eppeei to moderates end ttw nMdle eleaa. And tae prasMBnl needs to be seen es someone who Is bytag to be e bridge bulkier in Waahlriglon.

But ho to caught bblMNwn'iiiiie oslreihes'ttiai'eire tacrentaglypqterbedi You know.'tt hb bese beBevos'die best wsy to ereeto Jobs ' 'i-avouohnibro.Bpen(lliig.end'ttw'Repi ^ Ihniigh ttw eeeiwmy b i

pMriam Is spondtag, ttul is a iUHkaiR divide lolbridgo. BuVta'afii-golng'to lie ttw rBspdnsllillity «l ttfis:nBw Jotal committee. And well see tf ileatten'ta ihe Cbinniss put lajimi Ilks ttw Gaiig'of Six'lb.serve; ws'tt be okay, if rihey pul taeir most UoologicBl exireme nwmbere, «n^e got leel probliinw. even more probtoma ahead.

MALVEUAX: All right We wll be tooktag to eee who b on ttw commiltee. Thank you very, much, John. Appreciate tt.

Your mortgage, your ear loan, even your oredR cards. How they're gotag to be affected by ttw U.S. downgrade? We've get a Itwa report

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Kl CO

CNN.com - Transcripts Page 6 of 10

bom New York.

(COMMERCIAL BREAK)

MALVEAUX: Tlw SIP haa now fottowed He downgnde Of ttw U.S. credtt raBng wBh anoUwr downgrade, Uris ttnw towsring ttw iaNi« Of mortgage glente Femto Mee end Freddto Mae. And ttw rippto effbd, weB. R keepe coming.

Our senior corr^ndant. Allan Chemoff. Joins us Uve from New Yorii. Alton, tefl us what does thai mean for Fannia Mae and Freddie Mac to bo itawnQiadadi for our mortgage ratoa?

ALLAN CHERNOFF, CNN SENIOR CORRESPONDENT: H'a pretty algnHleanI, Suzanne. Whet to happening right now, as a rasuB of ttwae downgradea, tawaalon are seBng ttw bonds ttwl Femto Mee end Freddto Mec baue, seOng tae mortgage-backed securiUes ttwl ttwybsue.

Importsnl becauae those bonds are Uw aouroa for much of ttw mortgege money ttiat banka tond. After afl, Fannto Mae and Freddie Mae buy ttw mortgagee bom ttw bank, package taem and taen we aeO ttwm. So, becauae taveatara ara aeOtag off ttwae bonda rtght now. ttwae eecurittea, ttwl could put upward prassure on nwilgage ratoa.

^HMDVW. Ifs not quHajBS-elmpto ds that..There ere counter- veUng forces as work. Stay wtth me. TypicaHy, beaaury bond yMds are lha ..basbVfor'mortipBO ralaa..Th'by.are right now In ttw eye of.ttw atomt After aB, ttwHS where SAP Aral dU ttw downgrbdb, rvMf 'Bbeo ttiey an ta lha eye of the storm,' Investors are rashtag tato these, so treasuiy bound prices have achtaBy been rising, whtoh inbats I yloU.-ihek taieiM rttu I m

So. aa a leault mortgege retos acbnly have been droppihg. The 30^er fixed nrte mortgege rIgM now. whb^ taeaaunr note, waB,'ttwt to at 4.5 percent Ttwra ttw nattonal aAnraga, aocenitaB M'B^ ttwl ttad to onoireer treeauiy notoe, right now, ttw everaga tor a flv»Veer,fiqiAabto rM^

o Kl

MALVEAUX: What ebout ottwr toans? Whet dees ttde mean for ottwr tosns petonnsiy?

CHERNOFF: Auto toene ere lyptoaly Bed to taree-yeer beaauiy nolea. ff wa ere leUihg ebout aay, a ftiur-yeer cer toon, end tae nattonel average right now b 6.6 percent Very affontaMe.

f f l CredR cante7WBl, you know, ttwy donl move an ttwl much taraleHonahto to what b happening taUwboasuiymartwL In lacl, ttwy are tted to ttw prtnw rato, whtoh right now to 3.25 peicent And as you see, Mgh credtt cent retes, 14.4 percent And ttwy are nm going to

K l change aB ttwl much.

^ MALVEAUX: Okay. Good deel. Thenk you veiy mudi. Alton. Appiechto it

^ We era gotag to have your naponaea to OwTaDi Back* quaatton. Doea America need a fiberal ventan of ttw Tee Periy?

(COMMERCIAL BREAK)

MALVEAUX: YolfVe been soundtag off on ttw Tata Back* quaatton. Dees America need a fiberal version of ttw Tea Party? Carel Coslelo. ahera got your naponaae.

Hay.Ceral.

CAROL COSTEUO. CNN CORRESPONDENTS i mual aay fVo aifoyed our responses ttris morning, Suzanne. TNs to tae Tak Back' questton agata, doea Amaiica need a fiberal Tee Party?

Thb ftom Triaha. "Yos. And I have a good neme ftir ft, ttw PEA perty, p'd off enough elready.*

Thb ftom Lori. *Aa tengiBng as tt ta to went one, I tatak tt wouM be even nwre dengereus. The problem wtth the Tea Parly tani task poBUcs, H'S ttwir unwBlngness to compromise end taefr Ignorenoe of baato government niles. Wb nsed to conttnue Iblentag to resaon end eerttty V we're gotag to win over ttw crazy and ttw alupM.'Oh.

Thta bom Chris. The Sberab and Damocrab and radical enough. A Bwrab Tea Party would acare me to deeta.*

TMa bom Akto. *Ye8, we need a lexee on ttw rich ere too demn ton/ perty.*

And ttib bom DeLonte. "nw ooRSe perty.* Thefs whet we need. "Stogan. at leesi vreVs eweke,*

Pteess keep ttw conveneUon gotag, tecebookxomfoarolcnn. And ttianka. aa ahueya, for your commenta.

MALVEAUX: Ahrays Intensttng. Al rtght, ttiank you. Coral. Apprectate It

We en Juat memento awey from PiesMeni Obama'a Ive atatemeni tnm ttw White Houae on ttw economy. Well BItzer end The Beat PdRtoal Team on Televbton* ere gotag to bring you apodal coverage of taat up aheed.

(COMMERCIAL BREAK)

WOLF BUTZER, CNN ANCHOR: What a dNtarence en A mekee, or doea tt? Wb want to wekonw our vtowen ta ttw Untted Stotoa and around tae worid. ta Wotf BIHaer, WSYB covertag ttw breektag news.

Wel Sbeel spendtag yet anotaer day In whafS befrig described as tireak out mode. You can aee tae Dow Jones Industtlais down almost 300 petals ri^ now. The most appamni reaaon to ttw fint ever downgrade of U.S. government credit by Stendani A Pooi^. One of Uw ttiree mata rettnga Anns.

On Friday, S&P dtaged ttw rattng of tang term U.S. Traasuiy notes from AAA to AA PkH. And today n dU the aame to Fannto Mae and Freddto ktac ttw tong euHaitag heme taen egendea now foly owned by you and me, ttwl wouU be ttw U.S. taxpayer.

Just momento ftom now, Preskisnt Obama b axpectod to eddreu taese mattara from ttw Whito House. Fbst i want to share soms detols of what you might not neeeaaarily be getting ftom el ttw dramatto headlnes out tasre.

The number one downsize of any credit downgrade b higher Intarest ratoa ta line wlh perceived higher risk. Bul hisrest rales on U.S. Traesuiy bonds, right now. guess whet ttw/re echiely e little btt tower todey ttwn they were on Fridey. Prices converaaly an higher.

Government debt etti ta demend. Stocka, aa you know, ere ptongtag. But ta ttw yeer after Canada was downgreded ta 1003, Cenadton stocks rose more taan 15 percenL Same wtth Japan In 1998. in Tokyo, the market aotualy rase 25 percent Owl year.

And you may have heerd ttw puUic ecoUtag fhom Chtae, quoUng now, Ihe U.S. hes to re-eetabBsh ttw common eense princlpto tael orw shouM live wittiln lis means.* Fair enough. But whefa China's credll rettng. It's AA minus. That wouU be two notches below AA Plus.

Wo have reportere atanding by, anatyato atanding by. Afi Vatahi to in Now YoriL John Ktag ta here ta Weshtagton, DavM Gargen. Let me bring ta Brianna KaUar over el ttw Whito Houae firet

Brianna, aet ttw stage ftK us. Thb was e late addRton to ttw presManTs scheduto, 1:00 p.m., eight mtautaa or so bom now. We expect to heer bom tae president. Whal waa tae ttilnktag et Uw Whtte Houss?

BRIANNA KEILAR. CNN WHITE HOUSE CORRESPONDENT: A tato add, WeV. And Important to note, tab b betag bitad by ttw

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CNN.com - Transcripts Page 7 of 10

Whtte House not Jusi ai raacttrn'to ttw dmitag'iiita by Slamtahl A'.Padri, bul aslganerai remarfia about ttw econonty. As we eee ttw mariiete react pf.cniisa, to tae ddwrigrada. we'see the wonohbig'sBuafian ta'lhe'aura zone and concerns about how ttwl wffl aftaci tae U.S., expba PresMeniiObame.te sound e reassuring noteiTo sort iri bb a consoter, ff you wll, and by to potat to aome areea of ttw U.a eoonomy.taot'peo .slieuM to-aofflowtojiopttm by oi;al b»ol ie«Mureii by.

He wB addrass, wo esped. ttw downgrade, Wbff. And we saw ttib al weekenii toiig'fnm WhBii Houae oflictob and sunogatas of PrasMent ObemaTa. really alammtag SAP and attecMng tae oredibUHy of SAP'. Alao paiiifii^-a'n^ el House Repubfican8 for ttw preceaa lhat wo eae. ttib cheoBc pwcese ttwl tad to ttw debt celtag deel iCil coune.- ttwl. firmer betag potatad beta ways ttwre.

And snita also eapeiAng ttw praeldenl ta a way to ktad of capBehe on ttito meeaage aUI. ttnugh, Gomtag ftom sap and urg btaartban eongreeatonal oommlaston to sebe tae nwmani and db what ttw Whtte Houae, Wbtf, eels B batanced approach to deflcU retaictton. That, of emiisa, meanaaddtag lax taoeBses. sometatag taat RepubBcana donl want to do, ta addtttan to daalhg wita entMemanla. aomettitag ttw Oanwcrate donTI want to do.

welt

BUTZER: Bdanna Kaflar, stend by.

ttonSM T^unp to acteaay.iataln9 us on Ow phono right now.

Donald, ttwnka vary much. What wouM you Bw to heer ftom tae preskient on ttiis hbtorie, tomuttuous day?

DONALD TRUMP. REAL ESTATE MOGUUREALITV.TV ST/tR.(vb.Mtophone)c WaB,-i(k boon on anniji« period of bne, Wbtf. when you took ot whefa gotag on ta Ihoieounby; lo lw ttdnbliiB ihoi.StoMtard.S Pbei ilwNdt I'librtl hava anait.taspeet for.beauBB I waUhed ttiair caB on ttw malgage'fnariibl'and.on tab lioinlno'niMknil aiitf llwy i m 100 p8jisBni.wibnC .ori ttiat oiiii l.dein know what Ow/re byingtodobydiringttil8,bttmU(M|prt8imonhtopidiBd|y'lbr:uw'B

Kl 1^ Bul to Udnk ttwt taey iMndd'Ktijiai|y A'Mu^ ttiay dld B'vbsetotely ta'eiedtaiBi And Oris wouM be agipat dme tor ttw RepuUteana and Uw

I Danworab and'Itw proaidenl'to'.geliiegethBr.and rBtBy1aiod(,oirt aoimlhtog.ttiat weuM be.geed and nwOy'geed for tae counby. I ttitak f A Kb a groBl opportuiy!y.te\itto''sMiiMnig'gieM:lta.'llw eauiliy, nwaiiing tatSndi'ttitovi'dul, bairiinGb lhB.'liMgn. dr-'at least ctose to w betance ttw budgot.ib put H. In' Ihb.Ifciraqbttc'tona but'gb'wi aiid Usomdnibig rduy greal fbr ttw Gouiitfy"Corne.back ftom your ^ vecatton and do'ttwHil 'ttdng, This wDiiU:bea,gitiil--aib

fif^ BUIZER: Watt, ttwy db have a ftmnrt. They lnvo;ttto=ap;Qdtod:aupw>c tooomeupwRhanawptonbyThBnkagWtag..Bulttw:prbblam.lwab8anlheDemocratoiBBlydoniWBnltohBveni^

K l cuta ta Soctal Security, Medtoara and MedleBU,-taiiil ttw RepUMIcuiKi dbni want to have an lax tacreBses. How do you bridga taat gap?

^ TRl)MP:WoO,ttiafSbua And. you knew, ttw otaar problam b.Thankaglvtag.ttwt'aa'tongttina away. Thb ttiing could be M» days D you had raal laadaiaMp. You need leedersMp. And people een knock somattiing oul ta bMo daya.

I haonl about tho wonderfol committea. and Own I hear Thankaghftag, and ttwn ft cen ba extanded bayond ttwl data and you atawst say, what era Diey doing? Why canl lhay just <ta It now? o

Kl And, you know, on yoiy show iMd.ot|wia;;l>e"alwaya heeni ttwl, you.knBw„Bwy,ware geihg..te have $4 bBton ta cuto. TriBen b a fowiy

ifmt wordbecBuaattireey(iare'ago.we-- yf!uandlneverheBrdofttiMwcM.a^ right? But ttwy ware gotag to have S4 bfll^ h.oifb'airi.mw:aB oi a suddsn S4 bflton b nol'(INAUDI^ BUTZER: Yea. you knew (IIMUDIBLE) we deni tata about blkns enymore, we Mh about WItona. Yee. we lata about MBona taalaad of

TRUMP: No, wa used to do deal wflh blBona,

BUTZER: Let me gal back to ttwl-

TRUMP: You and I, right, would do ttw Bhow>

BUTZER: Yes. righL

TRUMP: And wbV tak bUons, and now wa lali bfltons. WO don'l mantton biltona anymore.

BLITZER: Right So tofa talk a Ihtte liii about ytaatimuM be ta^ortant You wouM - wouM you Bia to heer tae prealdant say. I Odnk you\o ekided to Dib, .ysu linibw what, Congresi, ymrn ta recess unfll September 7lh. Thaae are critical days right now. Get back to Wbshtagton and tafa coma up Mth seine Jotal prttgnma-ttwl the country can see to create jobs, to try to reassure Investors out ttwre. Is taat what you want to see?

TRUMP: Absohitaiy I'd like to aee ttwl because, agata, Tlwnkaglvtag's a tong ttme off and 1 taInk tt would ba realy a good algn. 1 taink peopto BhBuM be caBad back and you worit oul a daal.

ff StondBnl'&'f^i^'diil ono'taing'that waageeil, Wbtti-ll.vHU. tttat'ttiAiyjShbijM,Aiive.bben ebto lo.rbunlto' ttwiRejMbfieahi'ahd 1KB Aaniacmte and.OwipnnJIdBfil bn'.nHwbe'siittlng o'deal deiwi boeauu Wji oh enibbimsmonl'to tab oauiitiy.'l liwaii.all avBr.lhe>iNta,M -taigetttrig eatts Own pboplo Iri Europa,.ftDm poopjo ta-Mhi: Onjfn sayl.ng, wtwra.hoppuitag-wlta your eunliy? Wholes nmnbig thai iCauntty? They cannal oven bellbw'llio'Mngs.lhiii.bie hq;iieMng,.As'.to'- wdl.-of courM.-ybu'lobK.Bt iNe'.ihariiol and olwtoinly ttw nuiHiets are (towntTyoii kniwi treiitoiutaualy. ovar ihe worid bdcaiise of uaf TYiej^ not boceuso ol.eoniettitag else, becauaa'of ua..So • • but'peapto.are callhg flia.'big'pbopl!): Biid ttwy;re saytag,yeu liiidWi w l ^ gpta||'on,wita.j^ ooimiry -Viflttl'b'.wibng? It Unittidr amazing.

BLITZER: Yaa. Wall, you know, whatia abo amazing b tttta drop, what about 300 potato, taday. tt comes on Uw heeto of more ttwn 1,000 potato over ttw last tow waake. Tkb haa been pretty atoady now, tang baftm Standanl & Poor'a came out wita ttwfr downgrade of tae U.S. credtt rate - cradH worthtaaaa ftom AAA to AA Ptas. You see 318 potate down right now.

Why does S&P, which wes, ss you potat out wrong in foibig to underslsnd Lehman Brottwn or AIG before ttw great raceaston, as it's calad, why do taay have auch clout todey?

TRUMp-..weB,i dortl ttitak Owy should hnvo.,And fve watohad Mi. Beer and rva'wsieiibil ttw genliiybn today on ttw ahow and dKlaient .showsond l.lhtak ttioyy'a;inylng a;gbbd'llinp'gbiiig>around talking about SIP. I'db'rrt Oitak'ttfoy.alimiii.be given credlblllly, Wotf, but Owy era giwn'.sbmb crodiblBy.' Amt-yiiu know, fiimkly:- taa counby b nol.very ciedttiia! righl.iioiw.. I maaii wbiro not - we're not betag viewed upon'- 'H ybu JeokjBl'whaTa.gptag .on bdi'bh ypu.want to Invest, peopto Idi you, oK, go to Ghiiip. Tlia^ want you to tavast your monay ta Chtaa. Yoirt get B bailar ratoiii.

You know, H'a pretty aad whafa going on. But S&P, 1 tatak, frenkly, you know, taey ahouldnl bo ghwn Uw ktad of ctout ttwyre given. A lot of tt b Juat badiUoa TlwyVe lieen around a long ttme. But Uwy>ra made ao many bad caBs Uwt ttwy ahouki not be given tae credibnty ttwl taey are ghren.

BLITZER: What about tab proposal that Mike Huckabee put out there, ta sure yoi/ve heard It taat you wouM be a good secretary of tae Treaauiy. la taat somstatag ybu d ba taiarested In detag?

TRUMP: watt, you know, I Juat heeid about tt ttris morning. Firet of al, 1 respect him e tot I tatak he's e great guy. And taars beftm ttw

But I Just heerd ebout H this morning end, you know, one taing, you'd shske ttwm up. I wfl toil you, 1 cen lei you e coupto of groups taat weuMnl be too happy. OPEC wouidnl bo too heppy. China wouMnl ba too hoppy. There would be aome groupa ttiat wouM net be.

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CNN.com - Transcripts Page 8 of 10

beceuse taese ere paopto taat am ripping off ttda counby Ifta no one hea ever ripped H off betore.

And I wouU toB you, Wbtt, getUng back to ttiat tt ttw counby ran waH. ff ttw counby vne prasperous, Ike Chine, Ike Indie, Bw ottwra. i meen seme of ttieee oounttles ere doing so wsll now, better ttwn ever beftire by for, end on our beck, tf tae counby wes dobig weB, el of taese ttiings as to enfiflemento and aa to Sodel SecuiRy and el ef ttw ottier ttdiigs youVa taikhg about would pato In comparison. 1 mean, they'd go sway.

But we have a counby tael^ not doing weB. Ufa dotag much wone taen peopto understand. We donl heve our Jobs. Ws doirt heve our menufaehiring. You took at whafe going on ta .Chine. WbVe rebulding CNna. We ere rsbulding Chtae. We are rebuiUtag China, And ttwy maniputola taeb eunenqr. taey meke it etoieal Imposstato to compete beeauao of ttiet Kb unhir what ttwy ere doing, and ttwy wB make hundreda of blllons of dolisn of profit, lefs use Uw word prefil, on ttib counby, on our counby, end we have nobo r taat protacb ua. We have no leaden ttwt go ta ttwre and prated.

So, ta honored by Mike's suggesHon. I taInk he's a great guy. I ttitak ha wouM have done unbelevably wel, end taink ha probably would heve gotten ttw norntaetton had he dedded to tun. ml you know, took, we do need aomabody ttwt wOi teke our counby Iwc have Mat - or at beat are todng our great counby.

BLITZER: You have any regrato er any aeoond ttwughto about your dedston? And I Jud want to point out tatak about ttda for a second. niB ttw top of ttw hour, I want to atari our vtowera ta ttw United Slatoa and around ttw worid ttwl weVe awaBtag a statomant from taa preakleni of ttw Untted States, hols gotag to be going inta ttw dlptometto dtaing room tasre over at Uw stato - at ttw Whitohouae.

Aa you oan BOB, ttw president wB be gotag to ttw podbim ttwre end maktag a statomant. We ere tokf H wll be en tae overal alato of taa U.S. economy, end taa U.S. aconomy as wsl as on ttw bagady of tae deata ef tae 30 American boops ta Aighsnbtan over Uw vwekend, 22 Navy S.EALs kWsd whan ttwt helicopter went down, ttw eastern pari of Afghanistan. So, ttw president wB be making a stotomant

We're now loM, by Ihe way. It haa been delayad by a half an hour, so he's nol going \o be speaktag unll around 1:30 p.m. Eastem, ebout >l 30 mtautos or so ftom now. Wel, of coune, have Rve eoveraga hare ta tae CNN NEWSROOM. Wtfve got dl our repbrtan, al our f n aiiBlyato atandtag by. •

^ We ere conltautag ttw converaaUon wfth OonoM Tromp. right?

KSJ Donald, Uw dedston you mode e coupto montas ego not to seek ttw ftopuUlcen presMsnttd nomtaadon. Any regreta?

K l TRUMP: Wdl, firat of afi, I vnnt lo say as I was ibtaning to you very etoquenUy state ebout ttw presktonrs conforence, I waa aaying whet e tenflde time tale to ftir oiv counby. Our economy ia absolutely ddng horribly, the helcapter was Just a dteaator yestenlay, what a

K | bagady ttwt was. And you know, Jud what e - what a tanibto ttme R b ftir ttris counby. Thta Is - talngs taet you woukin't hava ttwught MB oouM hew happened. I mean, whafs gotag on wtth ttrii counby, and Ww Just bad nowa after bad news, ttw economy, tae helcopter, you ^ GOuM Just go stary after Btar Bvwytaing bed, nottdng good, Waa terrible ttme.

^ -I iwvb'riiadd.a iiadStorf,-,as'ybu'knew - ta'fdiei I'was watohingib partloilar show ajflad 'Meellie Preas'iiAe'day befoie.l'.did'ttib. ariU ~ r n ' Mii'iiy.Oib Unw rmode - and ViiM's toedMjBj'ta ttw'ppis ilMh',' 'aidi'ualy,.MIko'HiieKabebittw bao of os'ware ieadliig ki taojiqBs.- biii l made

'.a.dedslon,lbi;'ttw reaspn ttial>l niade:;howeypr.'l.wlh'tol'yau - aind.l isas happy wtth'llfe'decbton, bui'lf tao eboiwriiy/conilniies fo bb f f l 'ibad,'aiid'R:leaks'to nia Ui£ tt^'gellii^ Mrse'aiKl.'riel bottbc, anil.B ttw Republcam ptaii iKe Wibiig penoii, I iMuiil sbrteiisly comktte

dotag tt a8.aii'tadeffohd«M.-'aiid I'tabil('N:s=.maifbo'dino ibr.UiaL'Hopaftil .l.wonj'.lwve to becnnje' I .tow whal \ fm dbing..yDii.krimir I love -r H wl¥>i I,ore doing end ta'ftaytag a. sod ttiiw,and «wiie:datag,«MA''Bul.H'.lhe aiondhiylemltaiiba to ge..ta'b'«ny Bfs gbhg and U-tae

iteputaaeans pidc tab wrong candMato, 1 would ceitalij

BLITZER: Wbl, who wouM be - you know who tae RepuHtoen oendMetee ere out ttiere, end praaumebly RIek Peny tae governor of Texas b gotag ta ttirow hb hat In ttw ring, wo easume feMy Boon. Tel me who tae right pereon wouM be, stae ttw wrong penon wouU be?

TRUMP: Wal, 1 know a tot of ttwm and a tot of ttwm have come to Tnimp Tower racanfiy, Sarah Pain who to a tanific person end a friend of mtae, she came In, and Mtohda Bachmann came ta and aha was greal. I donl know Romney. I do know Ihe governor of Texas, Rtek Pony, who b a vary interesUng cendhtata, end I taink he wB prove to be e interesflng cendMeto. But nrs e Ittfie btt too eeriy fbr me to apaekuponttut

1 wU hnvo BomatataB'to-aay about tt ta ttw fotare, but I raSly dorVI know Romney. Luritt tatt.yeu taot I waB .very disoppgtated taet Romney dMrfl tatoi^ or Moreede'ta some ftirm to get a bollbrdbal dbrie'ta'tBnKi.bt-ttw Ro'pubUeene - no rBalyita,te'ni& of.taa eounby. And I was aisb Bmazad tlui.libre.ta ttw guy ttwl to ttw ioadtag beiilbriilef.'ond Iia eBofwed ttilB - as you know, UHs rariegeilBUon io go after ttw dacUbn taataad ofboftm ne etoetton, beeause I you had the repegottBdori belpre iho etoetton, Obama opuM nol Kayb wen. he Jud couM not have won.

We wouM heve sone lhraugh lha sama.ttitaD'ea whnt'wa ore gotag through now ta ab montas or ta ntae monttw or ta e year from now, betore tae dednn. So.-1 maan,-eoilataiy, B.ydu uo tunning and tf you are a leading oandMato, you want to make sura ttilB comes due. Now, taefs not necebsaAy fbr.Uib.oeod'flf.ttw"Gbunlry, It'was for tae good ef getttag re^toclad, which would be for ttw good of ttw eounby.

BL(TZER:',WDl, dq.yiau.bos>ealy.ogree wlta PreaidBnl bbama.taB|-any,long4omi rodudion in AmerioB'a dabt- ttw dofldtViipBhdiiii , haa to taeta'de' sMmra'aBltodib'taliMcbd appnacM Soma endttMnaiil,GUt8,.euta in kpaffilrg ibr Soctal Saourity, Madharo. Medldttd.- iilul:bl ttw 8ame:ttiiwVabin6 —.oliiiihBib'--Bbnw Increesed iaxbd revbnUBrOf elliiiinaltag.aomB of ttwse toophotos, tae eubsMlcdKlho ttiaroiSeHie of ttwblgboipbnttibnsgot'or.«ehf.iwaBittiy. Peepto.lkeyeu.'.ftiri!xaiiiplb,get.r.to'dto batanood eppniach?

TRUliiP: ivU. what l doi'htak b'Uiis, dw' gbed'oGonoriniy. seMs dl prdblBmii.;n abhrn tlio Bs of Medtoere, which.r«rouid iMtad.to lha dbattiL because I'lhtak'lH'vbiy.aaSl'wheri Utq haw to slisi' ytag'wita'Medtoaio.' rttMiighl taat when Congressman Ryan:Ganw up wHh a ptan, I ttitak a tot.of epubUcanaiOre gdng to'Wtai biedtoiv 'He.seemed - dght'Wiong. indtfbrent he shouM riot hBve.>cofflo.up wfth ttiat'Ptan iiit that'Ume.. And.jgBu' sois'whiit liappbmtd In Buifob,' 'a vbiy piwiitoirftopublcan tod eealy to a penbn Owi would liave -niiver beeten iter wilhaui ttiat ptaii. But ttw eeeiwmy advea Uie prabteme.'

Wita ttmtbelntt koM - l-wBiteB-jnu. and I am e RepubllcBri.,but wUi'thal being aaU. whon.ttw.di'eompanlBS'are making Hltonsand. Ulltons ntd bUbrwol doBm;-and believe me, taey are'ta,oihooU'WRh O'PEC. Thare s nb'questleh In my'mlnd iKal tao'oa.Goii^Us'are ta tatel eiiiibbta wtth.OPEC'iftad OPEC - and nobbdy, ta'ekjdlna.tii'lna,''h8s:abuaed tats.enmry iant OPEe.-Sb,'wlibri'ttie oU cpmimles ere geUtag'subskdeSi'Siid wlibii ttw oD compenlee ere peying' irery fittib iini.>l wouU say.-:l'wouM'ttM'lhbm andl wouM. tax ttwrh vo.iy. heppy. That I can tafi you.

BLITZER: So, taey wouM tose eome of ttwir - Exxon moMto, for exemple, BP, taey ere mddng tons of blBona of deleis -

(CROSSTALK)

BUTZER: Let nw - DoneU, dd on e seoond. DoneM, hoU on a seeend. Doea Exxon moMto need government aubddtes right now making tens of bfltons ta profits?

TRUMP: Absolutely not Ife sbsdutdy tasene to ttiink ttwl Exxon mobUe b getting subddles from ttw United States government.

BLITZER: Al right Wel tot me ask you one ottier ttwn.

(CROSSTALK)

TRUMP: The di oompentoa have not been dotag'ttwb Job ta tanna - ta lanne of whaTs good for ttib counby. And tf you took at what I em aaetag, and I em tanking at aome eutaoMtaa ttwt taey gbt, end vriien you took al ExxonMobI and aome of Uw ottiar di companies, eveiy one of which b maktag money Bke nobody has ever seen made beftire. and ~

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CNN.com - Transcripts Page 9 of 10

BLITZEfi- Here b enottwr example.

TRUMP: The Udtod Slatoa govammani to absototoly taaana, and on top of ttwt ttwy ere ta cahooto wtth OPEC.

BLITZER: WMI, let me ask you tero ottwr eaamplas, end you tol me if you ttitak ttils to some area where taereasad rovnnuas lar.Uw-U.S. gevemmeM tar Anwriean laxpayara couM come ta. Thera b a hedge fond menagar. and I don'l know tf you know'i4m,-ta Now Ybrii named John Paubon, who runs a hedge fond. He nwde, tasi year, MJO bBton. Thah probaUy more taan ypulmako Obnaid; S4,9.bBton. and mosI ol ttw taoome waa taxed at IS peroent raUiar taan ttw maxtaiun 35 percenL la ttwl Mr?

TRUMP: waa. H'a aomataing Uwt ta gdng to ba dbcusslng ta Uw fobm tf I dedde to do sometatag, OK, because you know, I doirt vnnt ta gel tao much tato IL I can ton you tab, I am vary abongly for nol relsing taxes, because I do beleve ta tae IncenOve taeoiy. I am a Ug taeenttva person, and I baOeve ta nol rabtag taxes, tad amalar taxes make peopto woiii hsrrier, el oetere, el cetora. But ft to eomeUiiiq n dbousskig ta ttw hdure, becauae I ham veiy abong vtawa on B.

BLITZER: Of tab whoto 16 percent-

TRUMP: No. I do have aomataing to Bay. I Jud donl went to do tt right now.

BLITZER: Wbiren Buffbtt keepe aaytag hb taa rate for a tol of hb taconw b a smaUar tax lato ttwn hb aacretaiy^ tax rate, and ttwrs ana of ttwbsuaattwt-

(CROSSTAtK)

TRUMP: And I undarsland axaefly ataal ha ta aaytag -

BUTZEf^ Lai me Just press you.

t^l TfttJMP: - but I heve very sbeng views en ttwl and ni be mddng ttwae vtawa pubtte at aome potat

BLITZER: WeB, what about Gonend Eledrie - end I know Uwt-

(CROSSTALK) Kl

TRUMP: I know John Pautoon end to fad, ho managee some of my money and haTa dotag a good Job. I mean, Jolvi Paubon be good K l guy. he% a good guy.

^ BLrTZER:taauraheb.

TRUMP: Bul I do have strong views on B and I wll make taem pubflc aemeUnw.

BUTZER: What about GE. wNch made 114 Mlftin ta profit last year. IS bllcn of whtoh here In tae Udtod Stales, ttw red overseas, end f f \ ttwy peUvMueRy no foderd taoome lex because ttwy hed kisses taearftaryeeia. to ttwt an eree where ttwre should be tax raftvm?

TRUMP:Wei,tfyautook. Jeff tamdtwhe'se friend of mtae, end he^e greet guy, bul he wes appolntad by PieddenlObenw to be ttw heed of hb oouncfi, so obviously tt's OK wita ttw presideni.

BLITZER: He's halptag tae praddant ta tooktag for wwya to creete Jobs here ta tae Untted Statoa.

(CROSSTALK)

TRUMP: No. he waa appdnted by ttw praddent to be ttw heed of one of tae bade coundta.

BLITZER: Yoirre righL

TRUMP: I mean, you know, he's e very taiportoni player -

BUTZER: - tae Jobs ptayer (pl4 ta tae oouncU.

TRUMP: - In the Obama group, and I ttiink ttwTa fine because I had a tot ol rssped Jeff immeft, I tatak he's a great guy. And I taink, you knew, ha-II waa a tough period of Unw for him over the last two years, but he's bringing Oenerd Etocbto back, You have to took redly at ttw partlculan of ttwt one.

BLITZER AB right But Biat an area a kri of paopto are tooktag et aa fbr as tax reftirm down tae road. Oondd. I denrt know whd your scheduto to Bw, I went to toko a qUIck break. WS'te wding ftir ttw pieddant ol ttw United Stetea, ha'a gotag to be apeaktag in about 20 minutoe. Cen ybu attck around or do you got to ge?

TRUMP: WeB, why donl your fdke cafi back ta a tew minulea end ni be here. I em ta my offlce woridng Ike ta supposed to be, OK?

BLITZEfi Over et Tnanp Towere?

TRUMP: Do you went to do ttwt?

BUTZER: Or you cen Just vreH two mimitos end wb'D pick It up - ttw coiwersatten. ff you cen weH e second, weV pick up tae

TRUMP: Go ehead.

BLITZER: Al right Oondd Tramp ta wtth ua, waVe got Al Vebhl, Rtohaid Quad, John Ktag, weta gotag to set ttw stage tor ttw presktanfo renwrks. The merinto, right now, not doliig wdt Much more of ttw ooverage here in Uw CNN NEWSROOM rigM efter tato.

(COMMERCIAL BREAK)

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CNN.com - Transcripts Page 10 of 10

l iniii ol Mnrieo I PiAnqf ipSMnat I Ad cfioless l> i AdvBitia «rim us I About Ul I Comaci us i Wait lor I CNN TV IHLNI TlsnscilpU

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Pro-Donald Trump Website Evolves Into 527 Group | www.TrumpHQ.com Page 1 of3

www.TrampHQ.oom

HOME [X}NALD TRUMP JOIN THE MOVEMEhfT YOUR VOICES BLOG CONTACT

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Home I Blogs | sdtnin^ biog

Pro-Donald Trump Website Evolves Into 527 Group

Fri, 2011-094211:44 j admin

ABC's Midiad Fdoone and JennifieT Wlach report:

Donald Thimp may have passed on a presidential bid fbr now, but his supporters intend to keep hope alive.

T^p 's top political operative, Michael Cohen, who founded the web8ite,ShouldT>uinpRun.com has

moiplied tt into a so-called 527 group, which is dlowed to raise mon^ for p ^ advocacy. Cohen s i ^ tiie purpose of tiie group is to continue to encourage Trump, who announced in May that he wotdd not sedc tiie Republican preadential nomination, to change his mind and run. IVump has been hinting he might jump into tiie race as an IndependenL

Poii

Donald Trump would bo tha

^ President

^ Vice Pieaident

^ Sacratary of State

^ Secielary of Defense

^ SecfBtaryofCommaroe

Vole

"Americans are tired of listening to tiie same, old promises election year after election year," Cohen told ABC News. "Mr. Temp's positions resonate with the American people because they are no-nonsense, straightforward and practiad."

CtAum, M o is an executive vice president and special counsel at tiie Thmp Oiganization, said the group will continue to promote tiie principles and issues that T^mp espouses. And he predicted that tt would "raise an enormous among of money right away."

The new group, Should Tnunp Run, Inc., was filed on Tbursday as a California non-profit by attorn^ Paid Jensen of Jensen and Associates and is headquartered in Orange County. Cohen said tiie group would "fully comply with dl IRS rules and relations."

The plan is for tiie group to cultivate grassroots support among Thimp's supporters. The ori nal ShouldThimpRun site attracted over 1.5 million visitors.

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Comments

America Submitted by Anonymous on Tue, 2011-09-2710:23.

I would like to see Mr. Trump nin i thinic it is time for a non-political body who loves the US end believes in her to stand up for her. The government is s corporation and should be ran like one, the profit margin should always out weigh the payroll. UiMwise. sending American troops into harms way for the benefit of another country rather than both countries is simply sbipid. Wa are allowing millions of illegals into our country for What? No fence will stop them the simple solutkm Is E-Verify for emplcyment, housing and pidMie assistance, heavy fines for companies employing them and/or renting to them and no anchor babies. It is tong passed the time that someone stands up for the

Recent blog poeta

TRUMPHQ.oom-New Wabsite Adion Alans: Trumo: IfaTlmefoQatTouoh Tmmp Threatens to Spend Millions on a Presidential Run

FromThgPeghOf Donald Tnimn: Iran and

TnimaonFoxand Friends-Should Tmmp iodooaz FfomThaDaakOf Donald Tmma: Jon

iaTrumpaKthamakar in 2012 Race? Donald Trnmo 'On tha

Pro-OonaM Trump website Evolves Into 527 Group DonaM Trnmo Anawara BoVaPrawarfarMaw

mora

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Trump Threatens to Spend Millions on a Presidential Run - Washington Wire - WSJ Page 1 of2

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mwiimmmm. WSleM

NOVEMBER 22.2011. B:19 AM ET

Trump Threatens to Spend Millions on a Presidential Run He's done it before, and he's doing it again.

In his new book, "Time to Get Tough," Donald Trump iashes into President Barack Obama and thireatens to njn against him next year if the Republicans don't nominate a strong candidate.

Beating the drum even louder. Mr. Trump details his net worth— which he puts at $7 billion—and says he's prepared to pour a large chunlt of his $270 million in liquid assets into a presidential bid. (Mr. Trump values the Trump brand alone at $3 billion.)

"He's prepared to finance an independent run for president if he's not satisfied with the Republican nominee," says the real estate mogul's right-hand man, Michael Cohen.

Donald trump arrives fbr Regis Phllbin's farewell episode of "LIvel with Regis and Kelly.* in New Yoric, Nov. 18.2011. (AP Photo/Charies Sykes)

Mr. Trump rhade noises about a presidential campaign this spring, including a high-profile, campaign-style jaunt aboard his personal jet to New Hampshire. But he decided instead to sticic to his business enterprises and his reality TV show.

in the boolc, due out next month. Mr. Tmmp holds nothing back in blaming Mr. Obama for all that ails the economy. He claims Mr. .Obama has spent much of his time traveling "around the world apologizing for the country" and "playing nice with China."

Book tours and presidential campaigns have become almost synonymous this year. Mr. Cohen says the book would segue well into a presidential bid. 'This Is a very political book," he says.

Meanwhile, Mr. Cohen claims he is doing all the necessary advance work, just in case his boss does pull the trigger — a decision Mr. Cohen says will come "in the first week in June."

"I already mapped out everything that has to be done to be an effective candidate and what we'd have to do to get on the ballot on all 50 states," Mr. Cohen says.

The Trump aide declined to elaborate on which GOP candidates would draw Mr. Trump's ire. and a possible independent challenge. But he did hint that the billionaire wouldn't run against Newt Gingrich. "He and Newt are close," Mr. Cohen said.

Copyright 2008 Dow Jones & Company, Inc. All RIghb Resen«d This copy l8 fbr your personal, non-commercial use only. Distribution and use of this material ara govemeii by our Subscriber Agreement ami by

copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-643-0008 or visit

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Trump Quits G.O.P. - NYTimes.com Page 1 of 1

Sliryirtirymfcfous

Tlie Caucus The Politics and Govenunent Blog oi The Tines

DECEMBER 24,2011,5:08 PM

Trump Quits G.O.P. By SARAH MASUN NIR

Donald J. Trump has withdrawn from the Republican Party to retain the ability to run as ^ an independent candidate in the 2012 presidential election, his political adviser ro confirmed on Friday.

^ "Mr. Trump did this in order to preserve his legal right to run as an independent if in fact ^ he's not satisfied with who the Republican candidate is going to be/' said the adviser, VJ Michael Cohen, a Trump Organization executive.

O "His core Republican principles haven't changed at all," he said. "This was simply to ^ preserve his right to run."

Mr. Cohen would not say which of the seven Republican candidates would prompt Mr. Trump to enter the race, but Mr. Trump has been openly critical of Representative Ron Paul of Texas and Jon M. Huntsman Jr.

This year, Mr. Trump considered running as a Republican, but abandoned his bid in early May, saying, "Business is my greatest passion, and I am not ready to leave the private sector."

Mr. Trump may jump back into the game when his NBC television show "The Apprentice" wraps up in June, his adviser said. "Even at that late date," Mr. Cohen said, "He still will be capable of ensuring that his name is on the ballot in all 50 states."

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Donald Trump Staff in Talks With Financiers, Campaign Managers to Explore Third Part... Page 2 of 7

BrlbiDa Kban Jn N, 1012 XStfm

Donald Trump Staff in Talks With Financiers, Campaign Managers to Explore Third Party Bid

M ied I.

tfi 'ST ^ ABC Newi' Huma Khm and Jennifer Wlaeh icpoit:

o tfi »-4

Bobby BmkNIMIyliMaM

Donald Thimp'i lop political adviser told ABC Nem he's speaking iCKIgMevel polllical •

operatives' to explore a tMrd-paiiy presidential bid on belialfof the real estate mogul, in a sign

that Trump may not quite be'done witli the aou presidentlai nee just yet.

*I can confimi that over the past two weelu I have spoinn with many higb-levd political

operatives, campaign managers, finance directon—some of whom I have spoken to in the pasL

Most are new people fram all over the countiy,* saM Michael Cohen, executive vice presMent at

the Thimp Oiganiutlon and spedal counsel to the reality TV star.

'Until the time Mr. Thimp deddes to either endorse a candidate or ran himsdf, I am exploring

on hia behalf the posslbliities of ensuring Mr. Trump appears on the bellot In ail states, and to

develop a team of prahsslonals who could ensure a potendai victoiy,' Cohen added.

Bad( in March, Cohen jnet with Igw GOP Chairman Matt Stiawn and 18 politieai operatives,

adh ata and hindralsen in Iowa, but Thimp dedded not to nm.

Thimp. tis, himself Indicated this weekend that he might pumie a thlrd-paity ran.

'It's a veiy sad dtintion what's happening to the eountiy,* he said on CBS's 'Pkce the Nation.' *l

hope I don^ hove tOb but I may absolutely.'

Cohen told ABC today that Thimp's prehrenee Is ta endorn a RepuUloan candidate *as ha loves

what it Is that he a currently doing,* but If the Republican Party doeant nominate someone who

The Apprentice* star bdieves is capable of defeating President Obama, *ha may consider

ranning as an independent for the presidency.'

*He B both more than flnanddly capable of funding a race and ia adamant that Ameiiea must

become gnat again or fluraver be lod,'Cohen said.

Cohen, who eo-tbunded the Web cite 'ShmiM-Thimp Run * said that he has been getting

thousands of emails delly calling on Tramp to reconsUer and enter the race.

Thimp^ contract with NBC ends after The Apprentiee* aeeson finde In May, after which thelV

star will reeondder Ms deddon.

The red estate tycoon turned reality TV host axiicbcd h!» minx dSlialimi ftom Republican to

"unaffUiated* in Deeemberand hinted that he might itaeh out lo Amprfmnc Btect. an online,

Independent preddcntlal nominating organlxaiion.

In prior years, Ihimp has Jliiljgd yith thr Idpa of ranning far president — first in 19B8. then in

1999 — but he has said thia Is Ms most serious eonsideratlon.

43 IMI I

Attachment N

http://abcnews.go.com/blogs/politics/2012/01 /donald-trump-sta£f-reaching-out-to-financers-... 4/2/2012

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Page 1

tfi

LexisNexis* 4 of 4 DOCUMENTS

Copyright 2012 The Ne\vs Yoik Times Company All Rights Reserved

The New York Times Blogs ^ (The Caucus)

^ Febniaiy 2» 2012 Thursday

ffl SECTION: US; politics tfi

LENGTH: 704 words

Q HB^ADLINE: Trump Endorses Romney in a 7-Minute Appearance BYLINE: ASHLEY PARKER and TRIP GABRIEL

HIGHLIGHT:

"There are some things that you just can't imagine happening in your life," Mitt Romney said. "This is one of them."

BODY:

LAS VEGAS - Donald Tnui^ endorsed Mitt Romney. here Thursday afternoon ixi a joint appearance that lasted less than seven minutes and included no questions.

The two men stood behind a lectern emblazoned with a gold "Trump" plaque (a large Romney sign hung off to the side, largely out of the TV shots), and the endorsement came amid several impromptu news conferences that Mr. Trunqp organized for himself.

When they finally took the stage together, Mr. Romney uttered perhaps the tniest statement of the event, which had come together in a last-minute flurry after false reports that Mr. Trump would throw his support behind Newt Gingrich. "There are some things that you just can't imagine happening in your life," Mr. Romney said. "This is one of them."

He proceeded largely on message, making sure to give a shout-out to Mr. Trump's "magnificent hotel," and calling his endorsement "a delight."

Then, continuing onto the message his campaign presumably wanted him to drive home, Mr. Romney added, 'Tm so honored and pleased to have his endorsement, and of course I'm looking for the endorsement of the people of Neva­da."

Promoting his own success as a businessman, Mr. Romney said: "I spent my life in the private sector. Not quite as successful as this guy, but successful none the less."

As Mr. Romney and his wife, Ann, stood ofTto the side, Mr. Trump then stepped up, grinning and nodding at the crowd, which offered up occasional shouts of "The Donald!"

Calling it a "real honor and privilege to endorse Mitt Romney," Mr. Trump added, "Mitt is tough, he's smart, he's sharp, he's not going to allow bad things to continue to happen to this country that we all love."

He concluded: "So, Governor Romney, go out and get 'em. You can do it."

Attachment O

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Page 2 Trump Endorses Romney in a 7-Minute Appearance The New York Times Blogs(The Caucus) February 2,2012

Thursday

On Thursday morning. Newt Gingrich was asked while touring a foiklift manufecturer in Las Vegas ifhe was ex­pecting Mr. Trump's endorsement, as insiders in his campaign had told a variety of news outlets, including The New York Times, the previous evening.

"Who knows?" Mr. Gingrich said with a shrug. 'Tm just watching in amazement"

"Some people have this knack of gathering attention," he said with a laugh, referring to Mr. Trump.

Michael Cohen, a political adviser to Mr. Trump, said that the developer-tumed-reality star never gave Mr. Gin­grich an indication of an imminent endorsement. He and Mr. Trump were traveling to Las Vegas, Mr. Cohen said, as the Intemet was lighting up Wednesday night with accounts of a Gingrich nod! "We landed and the cellphones started going," Mr. Cohen, who is Mr. Trump's usual conduit to political reporters, said. He made no effort to throw cold water water on the erroneous reports. "You can't get 1,000 e-mails and start responding," he said.

Csl Earlier in the day, Mr. Trump held at least two impromptu news conferences as he wandered around his hotel, ^ pausing to answer reporters' questions with relish. No, he would not entertain a third-party or independent run if Mr. UD Romney was the nominee. Yes, he likes Mr. Romney's tough stance on China. And all those mean things he said about ^ the guy just months ago? Well, that was before he knew him. tfi 1 "Just twiddling my thumbs," Mr. Trump joked when asked ifhe planned to pass the time "hanging out" until Mr. ^ Romney anived. In fact, he explained, he was touring his hotel with his "hotel people." ^ "How do you like it?" he asked a group of traveling reporters, many of whom had spent the night elsewhere. "Do ^ you see why it's the No. 1 hotel in Nevada?" tfi At another point, the crowd grew so thick that network and cable anchors, vying for Mr. Trump's attention, seemed

to spin him around like a bobble-head doll, shouting out questions firom all sides.

When the brief endorsement wound down, Mr. and Mrs. Romney, after greeting some friends in the front row, re­treated offstaige, as Mr. Trump followed.

Unable to help himself, he turned back to the room and flashed a "V" sign - for victory, we assume - before he dis­appeared. Only to reappear again, just moments later, for yet another press conference.

Nevada Poll Gives Romney Wide Lead A Trump Endorsement - to Romney? Trump and Huckabee Leave Boring Race Behind Romney Talks Economy in Nevada 2012 Republicans Embrace Nuclear Power, So Far

LOAD-DATE: Februarys, 2012

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Should Donald Trump Run For President? Fri, 2011-01-21 09:051 ShouidTrumpRun

Are you one of the many frustrated Americans sick and tired of hearing the seme old mundene poi'rtlcei campaign promises? Empty promises echo across the nation every four years; stringing us along as we wait for something good to'finally happen. Wail it is finsliy hers, end it is real, it Is DONALD J. TRUMP. Ws need to convince Doneid Tmmp to run fbr President In 2012 and end ail of the old rhetoric occurring in Wbshington. This campaign wlii sweep a nation ready for 'real' change and improve the lives of each and every American citizen.

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Pro-Donald Trump Website Evolves Into 527 Group Fri, 2011-09-0211:441 admin

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Donald Trump Answers Boy's Prayer for New Bike Tue. 2011-08-30 00:261 admin

Alter his bilte was stolen out of his psrente' gerage, 10-year-oid Culiey Larson posted a video to YouTube praying to get it bacic. Thaniu to Donald Tmmp, Larson's prayers were answersd. After seeing Larson's video on Fax New Channel, Trump bought Larson a brand new bike, which he gave to him on Fox end Friends this morning, adhnln'sbiog I 2commenta| Cornmentol Tegs: VMeoPicks

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The Eric Tmmp Foundation strives to Improve the lives of children battling iifa-thrsatening diseases at SL Jude ChDdren's Research Hospitel. What begen es the cdleborative effort of Eric Tmmp end several fiends five yeare ago has grown to include over 300(+) donore and worid-dass sponsore. To date, we have raised over $3 miiiton to support chiklren end

I in I

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