RUSH: So if more people are getting work, if more people are getting jobs, and the jobs are decent pay and the taxation is lower, then on balance, what is the nominal cost increase in steel and aluminum products really matter in that scenario? Wilbur Ross, the secretary of commerce, “Willllllburrrr” is out there saying, “Hey, you know what? It’s incidental. It’s 125 bucks to the average price of a new car.” Very impolitic thing to say. You would never advise some billionaire to go out there and say, “Hey, Wilbur go out there and tell ’em it’s not a big deal, it’s just 125 bucks per car, they’ll never even see it.”
The media will make mincemeat. But “Willllllburrrr” went out there and did it. Now, $125 added to a $25,000, 20,000, 18,000 car is peanuts, particularly when you amortize it into a monthly payment. It may be a nickel a month additional. So in the real world it is insignificant. It’s not gonna stop you from buying the car, but politically with Wilbur out there saying, “Hey, it’s not gonna matter that much, it’s just 125 bucks.” But even that didn’t stop Trump from doing all of this.
Now, do you remember the jobs that were lost during the Obama administration, and do you remember where those jobs were? Well, let me give you a hint. We lost a lot of coal jobs, because Barack Obama targeted the coal industry. He was very honest about it when he ran in 2008. He said he was gonna put the coal business out of business. He was gonna make it prohibitively expensive to be in the coal business to the point that you wouldn’t be in the coal business.
And the coal business suffered greatly, and people that mine for coal lost their jobs, ancillary jobs related, lost their jobs. Where are those jobs? Where are these mining jobs that Obama waved good-bye to? They happen to be in places like Ohio, Pennsylvania, West Virginia, Virginia. There’s a lot of voters in those states that the Democrats threw away ’cause the Democrats who care about people didn’t care about the people who worked in coal because their grand leader, Barack Obama, said we’re gonna put coal out of business ’cause it’s filthy, and I’d rather have windmills and solar panels and all that.