few years, he sold off some of the airline's prize assets and took it private, a decision that allowed Icahn to regain his investment but left the company saddled with debt. By 1992, TWA filed for bankruptcy.” [Washington Post, 9/29/15] • After Carl Icahn Tried To Leave The Government On The Hook For $900 Million In TWA Pensions, He Said: "My Money Is My Army. I Need My Army Around Me." "In 1991, Congress passed legislation to try to keep Icahn from leaving the government on the hook for up to $900 million in TWA employee pensions. The bill allowed the government to seek unfunded pension liabilities from Icahn's other holdings, potentially bankrupting him. Stevens said he urged Icahn to set some money aside in a separate bank account to protect himself, but Icahn refused to do so. ‘My money is my army. I need my army around me,’ Icahn said, according to [Icahn’s biographer Mark] Stevens.” [Washington Post, 9/29/15] DEMOCRATIC VS. REPUBLICAN ECONOMIC RECORDS Trump: “The Economy Does Better Under The Democrats Than The Republicans.”TRUMP: “Well, you'd be shocked if I said that in many cases I probably identify more as a Democrat. And I think you would probably be shocked at that.” BLITZER: “On social issues?” TRUMP: “You know, it's interesting. I've been now around long -- I think of myself as a young guy, but I'm not so young anymore. And I've been around for a long time. And it just seems that the economy does better under the Democrats than the Republicans. Now, it shouldn't be that way. But if you go back, it just seems that the economy does better under the Democrats than the Republicans.”[Wolf Blitzer Reports, CNN, 3/19/04] • Trump: “We've Had Some Pretty Bad Disasters Under The Republicans. Including A Thing Called The Depression.”TRUMP: “Oh, I know, I know. Jimmy Carter was not the same thing. But, certainly, we had some very good economies under Democrats as well as Republicans. But we've had some pretty bad disasters under the Republicans. Including a thing called the Depression.” [Wolf Blitzer Reports, CNN, 3/19/04] EDUCATION TRUMP ADVOCATED CUTTING OR ELIMINATING THE DEPARTMENT OF EDUCATION Trump Said He Would Cut The Department Of Education And Environment, And Argued That The Environment Would Be Fine Without Protection. “Republican presidential candidate Donald Trump said Sunday that he would cut government agencies if he were elected President. Among them? The Department of Education and the Environmental Protection Agency, Trump told ‘Fox News Sunday’ host Chris Wallace. ‘Would you cut serve -- would you cut departments?’ Wallace asked Trump. ‘No, I'm not cutting services, but I'm cutting spending. But I may cut Department of Education. I believe Common Core is a very bad thing,’ Trump said. ‘I believe that we should be — you know, educating our children from Iowa, from New Hampshire, from South Carolina, from California, from New York. I think that it should be local education.’ ‘So the Department of Education is one,’ he continued. ‘Environmental Protection, what they do is a disgrace. Every week they come out with new regulations. They're making it impossible —‘ Wallace interjected, ‘Who's going to protect the environment?’ ‘They — we'll be fine with the environment,’ Trump replied. ‘We can leave a little bit, but you can't destroy businesses.’” [Talking Points Memo, 10/18/15] Confidential Page 111
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