( CNN ) -- Donald Trump , businessman and CEO of The Trump Organization , knows a little something about money . Donald Trump says President Obama is trying to solve the nation 's economic woes , but it 's `` trial and error . '' Trump spoke with CNN 's Larry King about whether there should be executive pay limits , if there should be a stimulus plan and when there could be an end to the economic downturn . The following is an edited portion of the interview . Larry King : Is Obama right or wrong to go after these executives with salary caps ? Donald Trump : Well , I think he 's absolutely right . Billions of dollars is being given to banks and others . You know , once you start using taxpayer money , it 's a whole new game . So I absolutely think he 's right . King : What about the whole concept of bailouts ? Trump : Well , it 's a little bit different . A lot of people are not in favor of bailouts . You know , we talked about all the different things going on in this country . Let 's face it , Larry , we are in a depression . If they did n't do the bailout , you would be in depression No . 2 and maybe just as big as depression No . 1 , so they really had to do something . The problem is they 're giving millions and billions of dollars to banks and the banks are n't loaning it . If you are a prime customer of a bank and if you need 10 cents , you ca n't get it . The banks are out of business . They 're not loaning . Now , billions of dollars has been given . They 're supposed to be loaning out that money and they 're using it for other purposes , so it is a real mess . King : If you were in the Senate , would you vote for the stimulus plan ? Trump : Well , I 'd vote for a stimulus plan . I 'm not sure that all of the things in there are appropriate . Some of the little toys that they have are not really appropriate , and they 're a little surprising that they seem to want it , because the publicity on it has been terrible . I would certainly vote for a stimulus , but I would really vote for banks having to loan out the money because they 're not doing that . King : In your adult career , have you ever seen it worse ? Trump : No , this is the worst ever . This is the worst I 've ever seen . 1990 was a bad period of time , but this is far worse , and this is worse on a really global basis . I 'm looking at different countries . Every country is bad . Now they 're blaming us because of what happened . You know , why not blame the United States ? But every country is in trouble . King : Can you put the blame anywhere ? Trump : Well , look , it 's something that , to a certain extent , happens . You go up , you go down . You have recessions . If you just look at the charts over the period of 150 years , you 've had good times ( and ) you 've had bad times . Certainly , there 's been a lot of greed . There 's been a lot of stupidity . You know , like I say , today the banks do n't have money , they do n't loan money . But if you went to a bank two years ago and you wanted a $ 300 million loan , they 'd say 'No , we do n't want to do that , but we 'll give you $ 400 million , ' so I guess , to a certain extent , that 's part of the problem . King : If you had the power , if you could wield , what would you do ? Trump : Well , the biggest problem we have is it 's trial and error , Larry . I mean we 've never had anything like this before . It is absolute trial and error . They 're trying . The new president is trying . Bush left him with a mess -- a total mess in many different ways . I really think he 's doing the best he can , but it is trial and error . They try something , if it works , great . If it does n't work -- and the problem is you do n't really know if it 's going to work for quite some time . If it 's really wrong -- and it could be wrong -- we 're going to really have a mess in two years .
Donald Trump says executives should have caps on their salaries . Trump : ' We are in a depression ' Banks are getting billions , but they are n't loaning money to people , Trump says . Comment: Obama is `` doing the best he can , but it is trial and error ''