This is a RUSH transcript from "The O'Reilly Factor," March 30, 2011. This copy may not be in its final form and may be updated.
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BILL O'REILLY, HOST: In the "Personal Story" segment tonight: Donald Trump for president. The real estate mogul and TV personality says he's considering a run for the Republican nomination in 2012. Mr. Trump has made millions building and selling real estate. His program "The Celebrity Apprentice" is very highly rated, and he is a no-spin guy. Just ask the ladies on "The View." But he has not been closely questioned about policy until tonight.
O'REILLY: Obamacare. Do you believe the federal government has an obligation, a moral obligation, to provide people who can't afford health insurance with health insurance?
DONALD TRUMP, REAL ESTATE MOGUL: I certainly would like to see -- you know, I have a big heart. I really do, despite what you may think.
TRUMP: And I have a great, big, fat, beautiful heart. And when people are in trouble, I like to help them out. We have a moral obligation to help people. I really believe that. I believe that strongly and not everybody does.
O'REILLY: So there will be Trumpcare then?
TRUMP: Well, it would be a form of much better. As an example, I have a big company. When I buy health insurance, I can't go across state lines to buy it. You know why?
TRUMP: And I can make a better deal in New Jersey than I can in New York with a better company. Yet, I can't go. No. 1, anywhere in the United States has to be a strong company. But we should be able to go out and price it privately. I believe in the private. But I don't want to be stuck with one or two companies in New York. I should be able to go to Wisconsin. I should be able to go to Iowa. If I want to buy health care for my people, as long as it's a strong company, I should be able to bid it out.
O'REILLY: All right.
TRUMP: So that would be a big thing right there.
O'REILLY: One of the reasons the recession hit us so hard is because weasels on Wall Street ginned up these real estate derivatives. You're a real estate guy. Would you crack down on Wall Street? Would you have more regulations on these people? More rules they have to follow over there?
TRUMP: I would not do that. You're making it so tough for our companies and our Wall Street people -- let's use the word nicely -- our Wall Street people to compete with the rest of the world because you have guys in London, guys in Switzerland, guys in Hong Kong that are giving very, very good deals, and they don't have the kind of regulation that we have here. I'm not a big regulation person.
O'REILLY: OK, all right. Now, you have a situation where the unions, all right, are being attacked by some governors because the public service unions, tremendous perks. OK. You use union labor.
TRUMP: I do.
O'REILLY: What do you think about the unions?
TRUMP: I have a great relationship with unions. I understand what's happening, let's say in Wisconsin. I understand.
O'REILLY: Is Walker right in Wisconsin?
TRUMP: I think that he is maybe right for his state. I think it doesn't necessarily apply to all states. You know, I have had great relationship over the years with unions. We've had collective bargaining. I have become very wealthy. I have dealt with unions because, as you know, New York is largely unions. You are dealing with them. I have great friends that are in unions and heads of unions. So I haven't had the same difficulty and problem. But I think you have to do what's right for your area. I respect him. He is tough.
O'REILLY: Walker, you're talking about.
TRUMP: Yes. He is unyielding and maybe sometimes too unyielding and maybe not too unyielding. He wants Wisconsin to come back. He wants to have a great balanced budget. So I understand what he is doing.