{"id":286521,"date":"2018-10-01T16:10:00","date_gmt":"2018-10-01T20:10:00","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=286521"},"modified":"2018-10-02T16:27:53","modified_gmt":"2018-10-02T20:27:53","slug":"trump-teaches-the-world-a-lesson-on-trade","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2018\/10\/01\/trump-teaches-the-world-a-lesson-on-trade\/","title":{"rendered":"Trump Teaches the World a Lesson on Trade"},"content":{"rendered":"

RUSH: The Drive-By Media, the legacy media, the mainstream media, the Democrat Party all said that it was not possible for economic growth to ever be above the best it was under Obama, which was 1.8 to 2%. Obama had one outlier quarter a little over three, but those were extraneous circumstances there. Obama\u2019s GDP average 1.8 to 2% on the upside, and everybody said, “It can\u2019t possibly get any better than that, and it\u2019s foolish to think so. It\u2019s a new day in America, and those days of rabid capitalistic economic growth are over.”<\/p>\n

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Just like Obama and the media said the jobs that we\u2019ve lost, manufacturing, otherwise, would never, ever, be coming back. Obama goes out to Elkhart, Indiana, telling people in the campaign year of 2016 not to think of their jobs coming back, that Trump\u2019s lying to them about it, asking (impression), “What\u2019s he gonna do? Wave a magic wand? What\u2019s the policy? How\u2019s he gonna do it? Ain\u2019t gonna happen! I don\u2019t want you all, uh, uh, with false hopes out there.”<\/p>\n

Well, we got an economic growth now sustained of 4.2% and climbing. The stock markets approaching a new record high because Donaldus Trump last night, the deadline that he had set. We have a new trade deal with Canada to be added into the deal already reached with Mexico. It is what gets rid of NAFTA, just as he said he would do, just as he promised on the campaign trail. The new name of this thing is the United States-Mexico-Canada Agreement, or USMCA.<\/p>\n

Trump has been speaking about this for the last half hour outside the Oval Orifice, and he\u2019s in a fine, fine mood, as is everybody gathered there. It is a major, major achievement. Again, it is something that the Democrat opposition (which includes, of course, the media) all said could not happen. “It couldn\u2019t be done. It was a waste of time to try,” as they said, scratching their heads, “Why does Trump care about trade deals anyway?” And they\u2019ve never understood the Trump voter caring about trade deals.<\/p>\n

They\u2019ve never understand the connection made and maintains with voters on trade.<\/p>\n

And it\u2019s not just NAFTA; it\u2019s any number of other things. Jared Kushner has come in for a lot of credit on this deal, which means he\u2019s gonna be in the crosshairs right along with Brett Kavanaugh, about whom we will get to in due course. But the NAFTA news is gonna be buried, which is one of the reasons why Trump is spending so much time talking about it, giving the Drive-By Media a tough time in ignoring it.<\/p>\n

But for Trump it\u2019s electoral politics in addition to making America great again, as he defines it, something he promised, something he claimed could be done, that would be done, and it has been done, and it is to the benefit of people that voted… Well, to the benefit of millions and millions of Americans in countless numbers of ways, and he\u2019s making sure that as many people as possible are made aware of this. It had to kill the Washington Post to write about this.<\/p>\n

Headline: “Canada Agrees to Join Trade Accord with U.S. and Mexico, Sending New NAFTA Deal to Congress<\/a>.” So we\u2019re renegotiating NAFTA. Canada… Canada, which said they wanted no part of it? They asked in at the last moment! “Hey, hey, don\u2019t forget us! Can we be part of this, too?” Trump said, “Come on in.” A reporter just asked Trump, “Does this mean the end of tariffs?” Trump said (summarized), “Hell, no, it doesn\u2019t mean the end of tariffs.<\/p>\n

“If the European Union continues to send unfair trade deal related products into the United States, we\u2019re gonna slap tariffs on it. Remember how the Drive-Bys and the Democrats said that slapping tariffs on Chinese goods was gonna provoke the ChiComs? It couldn\u2019t possibly be good! It might mean the end of whatever arrangement we\u2019re making with the North Koreans. It might destroy existing good relations with the ChiComs!<\/p>\n

Breaking news! “China to Cut Import Tariffs on Wide Range of Products<\/a>. China [the ChiComs] will cut import tariffs on textile products and metals, including steel products, to 8.4% down from 11.5%, effective Nov. 1, the [ChiCom] finance ministry said on Sunday. Beijing has pledged to take steps to increase imports” that means products from us “this year amid rising tension with some of its biggest trading partners, such as the United States.”<\/p>\n

Bottom line, Trump said he was gonna do X, Y, and Z and A, B, and C in trade, and if we started A, B, and C, I think he\u2019s pretty much closing in on C. He has rebuilt the economy, he has created new jobs; his economic policies have. The elimination of onerous regulations, which is an ongoing thing, continues to show vast benefits for every ordinary American who makes this country work. And it\u2019s something he said could be done that only he could do and in fact, he was the only one that thought it was necessary to do, and it\u2019s now done.<\/p>\n

Here is the president today at the White House Rose Garden. We have three sound bites….<\/p>\n

THE PRESIDENT: I have long contended that NAFTA was perhaps the worst trade deal ever made. Since NAFTA\u2019s adoption the United States racked up trade deficits totaling more than $2 trillion, and it\u2019s a much higher number than that. With Canada and Mexico it lost vast amounts of money and lost 4.1 million manufacturing jobs and one in four auto jobs. It\u2019s about 25% of our auto jobs, even more than that. Throughout the campaign I promised to renegotiate NAFTA, and today we have kept that promise.<\/p>\n