He's known for firing off, and right now Donald Trump is making it clear just how he earned that reputation. He says America's reputation is in tatters right now and President Bush should go into a corner and simply hide if his party has any chance of holding the White House. And you may be surprised here. Well, what Donald Trump says about democrats and other issues. And joining us now here at Trump Towers is Donald Trump . Donald, thanks very much for coming into The Situation Room. Thank you, Wolf. Let's talk a little bit about politics 2008. The president is quoted in this new book as saying, referring to Hillary Clinton, She's got a national presence I think she will be. I know her very well. She's very talented, and she has a husband that I also like very much. I think she's going to get the nomination rather easily. And then the president goes on to say this -- he says, I think our candidate can beat her Well, I mean, the whole thing is about him. He's been so bad that I think probably a democrat has a huge advantage. Now, crazy things happen in life, but a democratic candidate, whoever wins, is going to have a huge advantage because of Bush. People don't like him. People think he's been a horrible president, possibly the worst in the history of this country. You believe that? Oh, he's been a terrible president. You think he's the worst in the history of the United States? I don't think you can get much worse. Why? Who's worse? Give me a couple of names. Who could be worse? Because in the last interview we did in March, you said he was the worst. At least I'm consistent. And the reason you think he's the worst is? Well, just look at this country. We've gone from this tremendous power that was respected all over the world to somewhat of a laughingstock, and all of a sudden people are talking about China and India and other places, even from an economic standpoint. America's come down a long way, a long way. The United States has come down a long way, and it's very, very sad. We're not respected. The war in Iraq has been a total catastrophe. And the day we leave, it's going to be the ultimate revolution, and that's going to be it. Nothing we're going to do about it. It's a shame. We have hundreds of billions of dollars, and much more importantly, the soldiers, these brave men and women that went over there and come back with no arms, no legs, no face. Or they don't come back. And the Iraqis that are I mean you know, a million people probably if you really think about it. They say they dropped bombs on the city. And they say, oh, nobody was hurt. Oh, really? You know, nobody was hurt? You know, the whole thing's been a big lie, from reading 60 books a year. Do you think you read 60 books a year? I don't think so. A lot depends on who the republican nominee will be as far as Hillary Clinton becoming the next president of the United States. A lot of people see Rudy Giuliani, former mayor of New York City, as the front-runner right now. First of all, do you think he is the front runner? Do you think he will get the republican nomination? Yes. I think he's the front-runner. I think he's a very good man. I know him very well. And I believe that he will get the republican nomination. It's going to be very interesting. You have two very talented people running against each other, but we have two New Yorkers running for this position. And if it is Hillary Clinton versus Rudy Giuliani for president of the United States ... We won't get into that now. Where does Donald Trump stand? We won't get into that now, but I do have my opinions and we'll worry about that later. Are you leaning one way or another? I can tell you this. They're both terrific people, and I hope they both get the nomination and that it's going to be a very interesting race. I always go with one person. I'll make a decision. I want you to listen to what the former governor of Iowa, Tom Vilsack, who is a big Hillary Clinton supporter, someone that's been mooted as a potential running mate for Hillary Clinton if she got the nomination, listen to what he said the other day about Rudy Giuliani. There's a lot that the rest of the country's going to get to know about Mayor Giuliani that the folks in New York City know but the rest of the nation doesn't know. Such as? The thing -- well Those are tough words coming from Governor Vilsack. Very tough words, but I know him on a very personal level, and I can tell you -- and I also know his son Andrew very much -- very well. I play golf with Andrew, and Andrew is a very, very good golfer, by the way, and he loves his father. He's the one who goes to Princeton. Well, I don't know where he goes now. He's going to Duke, I think, but he loves his father. And he has a good relationship with his father and he loves his father. And all those stories about an estranged relationship between Andrew and Giuliani? I don't think it's estranged at all. I mean I speak to Andrew. He totally loves his father and respects his father. That's good to know. That's very important. The president says he would be a political asset to the republicans next year as opposed to being a political liability. You think President Bush next year will be an asset or a liability to the republican presidential nominee, whoever that is? I think President Bush has to go into a corner and hide if a republican is going to get elected. There's no way he's an asset. He's a huge liability, and he's going to have to do a big, big hiding act if a republican's going to win. There's a lot of pundits out there who say if the democrats can't win the White House this time around, they might as well just hang up their cleats or whatever and go back into the dugout. Well, they said that last time and John Kerry didn't do it. And amazingly, he didn't do it. I couldn't understand how that could have happened, but he didn't do it. You know I think President Bush is a huge liability, and he should just go into a corner and just say, OK, that's been -- that's it. I'm finished. It's over. In my opinion, if he comes out for somebody, it's a huge liability. If he comes out for Rudy Giuliani, for example. Hey, look, I don't think that President Bush is in any way, shape, or form an asset for the person that's running for president. He's been a disaster. You would advise your friend, Rudy Giuliani, to run away from him if he gets the republican nomination. If you get the endorsement, it's wonderful and that'll be the end of that. Let's talk about Mahmoud Ahmadinejad, the president of Iran. He's here in your beautiful city today. He wanted to go to ground zero to pay his respects to the victims. The city said not a good idea. They didn't let him. Do you think that was a good decision? Well, I think it would not have been a good idea. Number one, it would have been a huge security just getting him down there and getting him back. I don't think it would have been a good idea, no. What about speaking at Columbia University here in New York City? Well, I think it's good for Columbia. Everyone's talking about Columbia. It's good for them. Publicity. The world is talking about Columbia University and they never heard of Columbia University. So, I think it's wonderful for Columbia University. But some people are saying it is bad for Columbia University because a lot of alumni are going to be upset and maybe hold back some of their contributions to Columbia University in protest. It's very good for Columbia University from a PR standpoint. People are talking about Columbia University. I know Lee Bollinger from a past dealing. He made a terrible mistake on a deal that he was going to do with us. They were going to have a campus in midtown on a site that I had. It would have been the most incredible thing. He vetoed it for a terrible location. Just an absolutely terrible location. He made a bad real estate deal, but what about the decision to let Ahmadinejad speak there? It's their decision. They talk about free press and everything else. It's their decision, a decision they made -- I think it's very good for Columbia because everybody's talking right now about Columbia University, including you and I. Because the counterargument is that Iran, at least according to General Petraeus, provides weapons to their allies in Iraq that wind up killing American soldiers. State Department says this is the leading international supporter of terrorism. It's a leader that has denied the Holocaust existed, wants to see Israel destroyed. Some people are saying he shouldn't be allowed to be speaking there. They would even like to go further and have the NYPD pick him up. Well, I'll tell you this -- I guess he hates us pretty much already. When he leaves New York, he's going to dislike us a hell of a lot more, and in a way that's too bad. But he certainly dislikes us and from everything I see on television between CNN and everything else, he's going to dislike us a hell of a lot more once he leaves. Who do you think among the presidential candidates would be the best qualified to make a deal with Iran to stop its nuclear program? You wrote that book The Art of the Deal. Who would you like representing the United States in a deal with Iran with this regime there? Well, I think you have different people. I think Rudy would do a very good job. I think he'd be much more militant. I think Hillary would have -- Hillary's always surrounded herself with very good people. I think Hillary would do a good job. I think Mitt Romney would do a very good job. I think different people for different reasons could do the job. But the key is they have to get the right people to negotiate. We have a bunch of third rate people doing our negotiating for us. We have diplomats that nobody ever heard of and they're not negotiators. Well, you have Secretary of State Condoleezza Rice. Today she rang the bell at the New York Stock Exchange at 9:30 this morning. Give me a break. You think she's a negotiator? She's a wonderful woman, a lovely woman. I tell the story. She waves, hello. Has she made one deal? What has she done? Has she done one thing since she's been in that position? Not one. It's very, very sad. The whole thing with Condoleezza Rice is very sad. Is there anybody in the current Bush administration that you think is qualified to make a deal? There are many people -- not many people, but there are people within this country that are qualified that could do a great job of negotiating. And we don't use our best people. That's the problem we have in this country. They use their best people and they're against amateurs. That's why people are talking about China. They're talking about India. They're not talking about the United States anymore. Hugo Chavez, the leader of Venezuela, is going to be here in New York, as well. Remember last year when he spoke at the U.N. general assembly, he referred to President Bush as the devil. What do you make of this guy, Hugo Chavez? Well, he's obviously very cunning and he's obviously -- he seems to be a lot smarter than our president because he's killing him in every way. I mean beating our president at every step of the game, giving out free oil to a family in the Midwest who's having a hard time paying for their oil. I mean this guy is some great promoter. And Donald Trump has more to say about the vice president Dick Cheney, the veteran journalist Dan Rather who Trump calls a loser. He'll explain why in part two of my interview with him. That will air tomorrow right here in The Situation Room. The real estate mogul with will also explain what financially struggling homeowners can do to keep their homes. Again part two of the interview with Donald Trump airs tomorrow right here in The Situation Room.