• With: Donald Trump

    This is a rush transcript from "On the Record," August 7, 2012. This copy may not be in its final form and may be updated.

    GRETA VAN SUSTEREN, FOX NEWS HOST: Right now, Donald Trump. He wants to know if President Obama's hiding something. What is it this time? Plus, Donald Trump is planning to do something very, very major at the Republican national convention.

    Here is Donald Trump.

    (BEGIN VIDEOTAPE)

    VAN SUSTEREN: Donald, nice to talk to you.

    DONALD TRUMP, TRUMP ORGANIZATION (Via Telephone): Hi, Greta.

    VAN SUSTEREN: So Donald, the Republican convention's coming up. Are you going? That's the first question. Secondly, if you are, do you intend to be speaking to the audience

    TRUMP: Well, they want me to go. And I'm going to be in Sarasota the night before, where I'm being honored by the Republican Party in Florida as the statesman of the year. And that will be very interesting and I look forward to that. And I probably will be going, but they do want me to go, yes.

    VAN SUSTEREN: How about speak? Have you been asked to speak?

    TRUMP: I'd rather not say that yet, but they do want me to do something very major at the convention.

    VAN SUSTEREN: All right, well, something very major. Now you've have certainly teased us. What's the very major? Can you give us a hint?

    TRUMP: I can't. I'm not allowed to say, but it's something very, very major.

    VAN SUSTEREN: All right. The nominee of the Republican Party, Governor Romney, has not yet named a vice president. We're getting down to the wire. I'm curious whether or not you think -- not who would you necessarily like to see so much, but what would be the politically most shrewd choice, if he wants to get elected in November?

    TRUMP: Well, I do think he should get somebody that's going to help him get one of the swing states. So if you look at the different people -- you know, you have Florida, Rubio -- excellent. You have Chris Christie, excellent. He's an excellent guy and a friend of mine, but an excellent guy, done a great job as governor of New Jersey. Portman -- you know, we need to get Ohio. We need to get other states.

    So I do think -- and by the way, Bob McDonnell in Virginia is a fantastic guy and doing an amazing job as governor. I have a lot of property in Virginia. He's done an amazing job as governor.

    So those are great names, and I think that those names can help swing a certain state. All of those states are very important.

    VAN SUSTEREN: You know, I've been looking at the numbers of those states you've identified. But a recent number has caught my attention, and that's the women vote. And something has happened in the month that's quite extraordinary, is that in July, the beginning of July, President Obama was up with the women vote by 8 points over Governor Romney. Now, one month later, President Obama has widened that margin and he's up 19 points with the women vote over Governor Romney. Governor Romney has lost a lot of ground in the last month.

    I'm curious, in light of that, should the governor be looking very -- very strongly in the direction of choosing a woman?

    TRUMP: Well, I'm surprised to hear those numbers. I think that he's been, you know, an amazing campaigner. I think he's done really well. And his real campaign hasn't come out. I think that'll really start to happen after the convention.

    But I am very surprised to see those numbers, actually shocked. And I don't know if those numbers are real. I don't think they're meaningful because I would be very, very surprised if those numbers were real.

    VAN SUSTEREN: Well, the numbers are fluid. That's one month, so this month -- and you know, things do change. But I thought it was extraordinary, at least that poll.

    All right, the controversy with Senator Harry Reid and the tax returns. Should Governor Romney -- I mean, tell me your view on it first.

    TRUMP: Well, I think it's a very strong statement that Harry made. And I've known Harry and I like Harry. But I think it's a statement that he probably wished he didn't make. I don't think there was a source. A lot of people don't think there was a source. If there was a source, it's probably not allowed and it's probably not even legal. I mean, who would be able to do that? Who would be allowed to do that? I don't think there is a source.

    So he made a statement. It was a very strong statement. I think that, frankly, and you -- I've said it many times and I'll continue to say it, that what Governor Romney should do, in my opinion -- and he's a very different person and he's got a different attitude, and I understand that - - is say, I will give my tax returns if you open up your records because as you know, President Obama spent over $4 million trying to hide so many different things from his past, whether it's college applications, college records, passport records.

    And you know, nobody brings this up! Nobody says, Open up your passport records. Open up your college applications. Open up your college records. Let's see your life. And nobody brings this up.

    By the way, most presidents have given their college records. All presidents have given, to the best of my knowledge, their passport records. So why is he spending $4 million on trying to keep them secret?

    So I would say, I will open up my tax returns -- and his tax returns are perfect. But I would open up my tax returns, but we want to see your records. I think they should place the shoe on the other foot. And I would think that you would probably not hear any more talk, frankly, about the tax returns, which are 100 percent according to Hoyle.

    VAN SUSTEREN: If -- I thought that the birth issue had been put to rest with you to your satisfaction. Most Americans, it is, that people are satisfied...

    TRUMP: I disagree with that. I don't think people are satisfied at all. And it doesn't matter. And that's not my big issue. My big issue are jobs and the fact that we have 8.3 unemployment now. It just went up, as you know, last month, 8.3 percent unemployment, and that's terrible. But the real number is 16 percent because so many people aren't included in the unemployment rolls that should be.

    And the real, real number's probably 21 percent unemployment. So when you look at the kind of jobs that we are doing, that's my issue. But no, have I been satisfied? No, I have not been satisfied.

    VAN SUSTEREN: All right, let me -- what would you expect to find on the college records? I'm curious what you're looking for there.

    TRUMP: I don't want to get into it. I want to get into the fact that jobs -- you asked me a question and I responded. That's what I would say. I would say when he wants tax returns, we want to see, Why are you spending $4 million on trying to keep things in hiding?

    So I would say that would be my response. And I think it's a very good response. And by the way, if you did that and did that strongly, people would stop asking for the tax returns.

    Now, the problem with him giving the tax returns is that he had a very significant success. He is a very significantly successful person. And the tax returns are complicated, done by big firms, highly respected firms and highly respected lawyers who sign off.

    Now, you can take any one of hundreds and hundreds and probably even thousands of lines and find one little thing and try and make a big deal out of it. And that's very, very unfair. So I understand exactly what Mitt is doing. He thinks it's unfair, and I know it's unfair.

    Now, Obama, who's made nothing, has very simple tax returns. So it's easy for him to say, I'm giving my tax returns. But it's not easy for Mitt Romney to do that. But it's a great trade, and that's what I would do, if I were him, but he and I are very different people.

    VAN SUSTEREN: All right, in order for that to be a good trade, the tax returns for the college records, I mean, there's got to be something that you think -- you know, some use of the college records. And I'm still baffled what you would expect to see in the college records. What do you want, his grades or...

    TRUMP: No, no. I'd love to see his college records, just like I'd like to see lots of other things. I'd like to see his passport records. And by the way, I hope they're 100 percent OK. As an American and as a good American and somebody that loves this country, I hope they're 100 percent OK. But I'm trying to figure out why would somebody spend $4 million to try and keep those records silenced?

    VAN SUSTEREN: Where did you get the $4 million number? I mean, there's so much going on...