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And I want to go to the audio sound bites. “Willllllburrrr” Ross was talking about this on CNBC just this morning<\/a>. And of course CNBC, like everywhere else, this is a disaster, this is the end of the world. And the point they\u2019re making is that this is the great brain drain and there\u2019s nobody left there that can tell Trump when he\u2019s wrong. There\u2019s nobody there to keep Trump heading down the right charted path. And now Trump is free to go all over the wacko world wherever he wants to go, and there\u2019s nobody that can rein him in. And that\u2019s why we remain at great risk, and that\u2019s why this is a disaster. So here\u2019s Wilbur Ross talking about it.<\/p>\nROSS: Let me first reflect on the job report that just came out. Remember, the prior administration, many economists were saying, “Oh, you can\u2019t have rapid growth. You can\u2019t have much more increase in employment.” It\u2019s happening. These reports, five in a row, are very, very strong reports. I think you should judge the president and you should judge his decisions by what actually happens, not by speculation as to what might happen or some fantasy thing. This president is determined to make a strong economy continue, make job growth continue, and to do it in a very orderly and organized way.<\/p>\n
RUSH: Now, that\u2019s Wilbur Ross. Now, Wilbur is the secretary of the Department of Commerce. Wilbur\u2019s a local. He has a home here in the Palm Beach area. And he\u2019s a billionaire and a brilliantly successfully businessman and knows what he\u2019s talking about. And he\u2019s got the entirely correct perspective here. He\u2019s also somebody that\u2019s unrattled by all of this media cage rattling. He\u2019s a steady, just oar in the water that doesn\u2019t get sidetracked by any of this, and he\u2019s able to keep everything in perspective. And he\u2019s exactly right here.<\/p>\n
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Let\u2019s reflect on the job report. There was 255,000 new jobs created in February — 255,000 — way beyond expectations. You know what? He\u2019s exactly right here. If you go back… We made this point I don\u2019t know how many times. That\u2019s why I\u2019m glad to hear “Willllllburrrr” make it. If you go back… (interruption) Well, that\u2019s how Mister Ed said it. Mister Ed, the talking horse. His human owner was named Wilbur. “Willllllburrrr” is how he pronounced his name. Every time I see Wilbur Ross, that\u2019s what I think of.<\/p>\n
Sorry. I know it dates me generationally, but it is what it is. But all during the Obama administration, really, folks, they were. They were talking to us about realizing that America\u2019s best days economically were behind us. Remember when Trump in the campaign talked about 3% economic growth? Remember what the Obama era economists and most of them in the establishment said. “That\u2019s obscene. That\u2019s misleading. That\u2019s outrageous to promise people that, to suggest that.<\/p>\n
“We can\u2019t approach 3% economic growth anymore! Not in this globalist economy.” They didn\u2019t even try. And Obama\u2019s economic growth, his GDP growth never exceeded 1.5% in any one quarter! And I, to this day, remain convinced that it was intentional. I think we elected a president who installed people nearby in his cabinet who had as their intention to transform this country away from superpower status. I don\u2019t have any doubt about it.<\/p>\n
And they succeeded. We were a nation stagnating. We were a nation in economic flat-line territory, and they told us, “Hey, this is the new normal,” and they told us, “We can\u2019t get much more employment, and we really can\u2019t have economic growth that\u2019s much higher than what it is without causing all kinds of problems and chaos.” They were doing their best to condition everybody, “Whatever your life is now, this is it. Your chances for advancement, your chances for improvement, significant growth?<\/p>\n
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“Sorry. That may have been true for your parents\u2019 and your grandparents\u2019 generation, but America\u2019s time is up.” Now, they didn\u2019t use those words, but that was the message. So Trump comes along in the 2016 campaign and starts singing an entirely different tune. And in less than a year and a half — 15 months — look at the robust economic turnaround that\u2019s taken place. There\u2019s a story in the Stack<\/a> today about a public opinion poll on tax cuts and how the public is continuing to poll higher in terms of approving tax cuts.<\/p>\n But do you know what? According to this poll — and we believe it — the numbers of Americans who now approve of the tax cut in this poll still under 50%. How the hell can that be? Well, I\u2019ll tell you how the hell it can be. The media and the Democrat Party for months, let\u2019s say weeks, told us everybody that Trump\u2019s tax cut was not a tax cut, that it was actually a tax increase for average Americans. The only people that were gonna get cuts were Big Business types, corporations, and Wall Street types.<\/p>\n They pummeled people with this, and the American people ended up believing it, until their paychecks started coming in after the tax cuts had been implemented, and they saw that it wasn\u2019t true. There\u2019s no way that this tax cut should be polling under 75% approval. I take that back. Maybe 60%. You\u2019re gonna have some libs out there who are gonna oppose tax cuts no matter what, because it\u2019s, in their mind, depriving god — i.e., government — of money.<\/p>\n But it\u2019s outrageous. It\u2019s trending in the right direction, but it\u2019s going very slowly. And it\u2019s gonna continue to trend up, because the tax cuts are continuing to kick in, and people\u2019s disposable income is increasing. Do you know what the New York Times did? The New York Times — in order to find a couple who would not benefit from Trump\u2019s tax cut — actually had to invent a couple on paper. They couldn\u2019t find a real-life example of an American family whose taxes were going up<\/a>.<\/p>\n And so they created a fictional family. Don\u2019t misunderstand. They did not try to convince readers that this couple actually existed. They instead manufactured “a typical American family” with certain specs, specifications, and then they ran numbers, and they created a scenario where a family would see a tax increase. It was made up, and one of the ways they did it was to use a tax preparation software called TurboTax. Well, that was even flawed.<\/p>\n You know why? Because the version of TurboTax the New York Times used had not been revised or upgraded to include the new tax rates and reductions in the Trump tax cut! And once they used the proper version of TurboTax, even their made-up couple got a tax cut! But here\u2019s the New York Times ignoring every family they inspected trying to find a tax increase, having to resort to making up a fictional family — and even that fictional family ended up getting a tax cut.<\/p>\n Now, I\u2019ve had people say, “Well, then the Republicans aren\u2019t telling a good enough story.” I don\u2019t know. I mean, I see Paul Ryan on TV every week touting the advantages and the results of the tax reform and I hear Trump talking about it. It\u2019s who gets their message out first, and there was a coordinated message from the Democrats and the media that this tax cut was a tax increase — and it\u2019s taking a while to prove that that is erroneous.<\/p>\n So Wilbur Ross saying we should judge the president, judge his decisions by what\u2019s actually happening, not some speculation on whether the economics adviser leaving is gonna cause problems. Judge what\u2019s happening by what\u2019s happening! Look at actual results. Joe Kernen, who was the host on CNBC, then said to Wilbur, “Do you know if Gary Cohn said something like, ‘If you do the tariffs, I\u2019m out\u2019? Can you give us some background on this?”<\/p>\n