• With: Donald Trump

    This is a rush transcript from "On the Record," November 2, 2011. This copy may not be in its final form and may be updated.

    GRETA VAN SUSTEREN, FOX NEWS HOST: This is a "Fox News Alert," new accusations, all anonymous, against Mr. Herman Cain. But the Cain campaign isn't taking it lying down. They are, in fact, punching back. They are demanding an apology from the Perry campaign. Now, the Cain campaign denies the harassment accusation and says that rival Rick Perry's campaign is to blame.

    Now, here's the latest. Right now, the AP is reporting that a third former co-worker of Mr. Cain, also unnamed, considered filing a workplace complaint against the candidate and never did. Also today, another former restaurant association employee, Chris Wilson, told an Oklahoma radio station that in the late 1990s, he saw Mr. Cain harassing a woman in a restaurant in Crystal City, Virginia.

    But keep in mind Wilson is a pollster for a super-PAC that supports Governor Rick Perry. But Wilson has issued a statement denying he is the one who originally leaked to the media. And earlier tonight, Cain campaign manager Mark Block was on "Special Report With Bret Baier" pointing fingers at the Perry campaign. He told Bret Baier that former Cain staffer Curt Anderson is behind the original leak. Now, Anderson works for Governor Perry's campaign.

    (BEGIN VIDEO CLIP)

    MARK BLOCK, HERMAN CAIN CAMPAIGN MANAGER: The actions of the Perry campaign are despicable. Rick Perry and his campaign owe Herman Cain and his family an apology. Both the Rick Perry campaign and Politico did the wrong thing by reporting something that wasn't true, through anonymous sources. And like I said, they owe Herman Cain and his family an apology.

    (END VIDEO CLIP)

    VAN SUSTEREN: Now, Governor Rick Perry's campaign insists it had nothing to do with it. The Perry campaign just released this statement. "This charge is both reckless and false. For a candidate and a campaign that claims to be the victims of unfounded and unproven accusations, they are awfully quick to hurl unfounded accusations themselves. Now, contrary to the Cain campaign's false accusations, there is not one shred of evidence that any member of he Perry team had anything to do with the recent stories regarding Herman Cain because it isn't true."

    Now, we're going to more information on this breaking news in just a minute. But first, we got Donald Trump's reaction to this developing scandal.

    (BEGIN VIDEOTAPE)

    VAN SUSTEREN: Donald, nice to talk to you.

    DONALD TRUMP, TRUMP ORGANIZATION (Via Telephone): Thank you, Greta.

    VAN SUSTEREN: Donald, Mr. Herman Cain certainly has got a controversy swirling around him right now. What advice or what are your thoughts on this?

    TRUMP: Well, other than being a little bit late to the gun, I think he's really done a pretty good job. He was running a company. Somebody made a complaint, it would seem. And I think if nothing else comes of it, it's going to be fine.

    But things like this happen. And you know, then the lawyers get involved and the lawyers want hundreds of thousands of dollars, and you can settle something for peanuts. And maybe that's what his company did, or maybe that's what the association did.

    VAN SUSTEREN: Well, apparently, there are two other women, unnamed -- everything's anonymous, which is always a bit troubling to me because I come from a law background, where have you to at least identify yourself if you're going to make an accusation -- is that there are two other women now who claim that there'd been some sort of -- not touching, but sexual harassment, that was -- something was said to them.

    Does that make it a more difficult problem for him?

    TRUMP: I think it's a very ugly witch hunt and I think it's very unfair. You say, Oh, hello, darling, how are you? And you get sued because you've destroyed somebody's life. It's ridiculous. And I think it's very unfair to him. And unless there's something that we're not seeing -- meaning you, I, and everybody else -- I think it's a very unfair situation.

    VAN SUSTEREN: Well, I think that's the whole problem with sort of the anonymous allegations. And I understand why some women might not want to come forward, not a pleasant situation. One is bound by a confidentiality agreement. But the other two, as far as I can see, there's no impediment, other than they don't want to see their names splashed across.

    But you know, it's, like, we can't even test what they're saying, whether they -- whether it's true, horrible, or whether something was misinterpreted, exaggerated. We have no -- we have no way to make any sort of analysis of it.

    TRUMP: Well, I disagree with one thing. They probably do love their names splashed across the front pages. And frankly, I think that's not a good situation and I don't think it's a fair situation. And I think Herman should take very, very strong action, even if he has to bring a major lawsuit against the women.

    VAN SUSTEREN: But what should he do right now?

    TRUMP: All he can do is do what he's doing. I mean, he's trying to explain it away as nicely as possible. But all he can do -- because nobody's really seen what they said. So all he can do is what he's doing right now. Now, he could have acted a little bit quicker. He waited the 10 days and got them by surprise a little bit. But I think he's done as good a job as you're going to do.

    And he said that he didn't know about the settlement, and maybe he knew about the settlement. But once he got it straight, I think he's done as good as he's going to do. He's got to see what happens. But if I were Herman and if these things turned out to be false or inaccurate, I would bring a major lawsuit against the women that are saying it.

    VAN SUSTEREN: Is this fatal to his campaign?

    TRUMP: I don't think so. If nothing else comes out or if it's nonsense, like the thing we've been reading about, I think it can almost help. And he said -- I was watching him yesterday on your show, by the way, and he was saying that he's doing better now fund-raising than he's ever done, that people actually took offense to what's taking place. So that can happen also. I mean, it could be a strange reversal, in a sense.

    No, I don't think so, as long as it doesn't come out and bad things don't come out. And again, I would tell him to react swiftly and strongly with a major lawsuit against these people, if they say anything that's even slightly wrong.

    VAN SUSTEREN: What if it originates or is in some way fueled by another campaign? How does that play into this?

    TRUMP: I don't think it's nice and I don't think it would play well, especially if it's from a Republican. And I haven't heard that. I haven't heard that that did take place, in fact. But if it's from a Republican, I think probably it's maybe even plays a little bit worse.

    VAN SUSTEREN: All right, grim news today, Federal Reserve sliced its growth outlook sharply for 2011, 2012 and 2013, and significantly increased its unemployment rate forecast. Both grim news.

    TRUMP: Wow.

    VAN SUSTEREN: "Wow" is right.

    TRUMP: You know, I'm not surprised because I've been on your show for years now and I've been saying you cannot create a strong economy if China and other countries continuously take your jobs, make your products, manipulate their currencies, and do all of the things they're doing, and then we hold dinners at the White House, state dinners at the White House for the president of China. So I'm not surprised at all.

    I've been telling you this is going to happen. The news came out today, and I think it's an absolute disaster for this country. And we need a leader that knows how to deal with China, that knows how to deal with OPEC and India and every other country -- I mean, India, the outsourcing is unbelievable! What's going on with this country, Greta, is beyond belief. So I don't think you think that I am surprised to hear this.

    VAN SUSTEREN: I don't think you're surprised. You know, each candidate -- I know, obviously, you're unhappy with the president, but each candidate brings to the campaign a different strength. In terms of -- in terms of, like, dealing with OPEC, which candidate do you think would be the strongest or which one do you think would be the best? I realize there are many issues...

    TRUMP: Right.

    VAN SUSTEREN: ... and many parts of running for president. But what about just OPEC?

    TRUMP: Well, I think the one that's spoken up the most about it has been Mitt Romney. And I've been watching the debates. I will say this, though. The saddest part of the debates is that they talk about jobs and everyone says, Oh, we need better education, we need better this, we need better that. What they don't talk about is how other countries are just stealing our lunch. And it's never brought up in the Republican debates. It's never brought up.

    Now, at what point do they say, We can't continuously have our products and everything manufactured by other countries? With the biggest culprit, of course, being China. And the other element is that just -- to give you a double -- this is a double shot to the face. The other element is OPEC. Every time a little bit of good news is mentioned, they raise the price of oil, and that -- you know, oil is actually more important, in my opinion, than interest rates. They raise the price of oil, and it's just like sucking the blood out of this country! And nobody does anything about it except hold state dinners for these people and drop down and kiss their ring!