Team,
A clip from inimitable Rob Schmidt. A big picture look at E-15.
Enjoy.
Peter
TRANSCRIPT
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Peter Navarro is a White House senior counsel for trade manufacturing, joins us now.
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Peter, imagine thinking that voting for more government will reduce your cost of living.
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It’s astonishing, Rob, just how much...
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Biden drove up inflation.
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I mean, you have to work overtime to do that.
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The big news tonight, Rob, and why he was in Iowa is the E15.
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What’s that?
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That’s the ethanol that’s made from corn that’s then mixed with our gasoline.
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Get you cleaner air.
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That seems to be like what the story might be about.
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But there’s a much bigger story I want to share with you,
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Rob,
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and it implicates China,
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implicates soybeans.
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Think of it this way.
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Soybean farmers and corn farmers are often the same people.
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They rotate their crops.
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They grow a lot of that stuff and they’ll grow a lot of it in Iowa.
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And what happens every time President Trump puts tariffs on,
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China cancels all its purchases of both corn and soybeans.
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So we’ve got an initiative here at the White House, which is not only to
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domesticate essentially the demand for corn through the ethanol program.
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There’s a companion program to do it with soybeans as well.
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And it’s a very, it’s a, it’s a high strategic way and it’s the way the president
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operates.
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And it’s going to give farmers, who he always has the back of, great comfort.
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And it’s going to be able to liberate,
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essentially,
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our tariff policies from the kind of blackmail that China’s practicing.
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So when he was talking E-15, a lot of cheers to that audience.
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But there should be a lot of cheers nationwide because it was a very strategic
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move,
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not just simply a biofuel move.
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Yeah, because China’s making a lot of moves, trying to kind of
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Deceptively trying to screw with the tariffs any way they can, right?
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Yeah, I mean, every time we put the tariffs on, they did it back in 2018 as well.
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They stopped buying our soybeans.
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They stopped buying our corn.
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Hurt the farmers.
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And they let this stuff rot on the docks.
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And then they think that’s going to stop the president.
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And what we did the last time was simply create a program to give the soybean
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farmers and corn farmers.
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Makes sense.
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a bunch of money to make them whole and everything was fine.
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But longer term,
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the strategy is to wean our farmers from Chinese demand so they don’t play that
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card on us.
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So E15, all hail E15.
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The president said he’ll sign the bill as soon as the Senate Majority Leader gets
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it to his desk.
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It’s all good.
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I love that.
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I mean, that’s the deep stuff that’s so important that doesn’t get a lot of the headlines.
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I want to show you this real quick.
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The president made a great point today that it would be so easy for him to get
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great unemployment numbers using a very simple scheme.
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Take a listen.
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I could create the greatest unemployment numbers or employment numbers ever.
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All I have to do is hire three million people and put them into the federal government.
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And you have 10 people, you know, for one job, right?
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That’s right.
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And what we’ve done is we’ve cut the federal employees and they’ve gone to the private sector.
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It’s just that easy.
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You know, you can just scan the system.
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Yeah, I mean, Biden actually did that.
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But the thing about the truth here that Trump understands is that when you work in
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the private sector,
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you’re much more productive for the American economy and you wind up getting more
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output,
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you get higher wages and everybody’s more prosperous.
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And if you look at the unemployment numbers every month here, what we’re seeing is
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Private sector is accounting for every single job,
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and American citizens are getting every one of them.
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In the Biden years, it was government jobs being created going to illegal aliens.
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And this is elections matter.
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Elections matter.
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And that’s why this midterm is going to matter.
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All right.
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The president’s senior counselor for trade and manufacturing, Peter Navarro.
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Good to see you again.
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Thanks, buddy.
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Always a pleasure, sir.
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All right.
