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Wilbur Ross Mocked for Using Campbell’s, Coke, and Budweiser Cans to Denounce ‘False Hysteria’ of Trump Tariffs

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‘Let Them Eat Soup’

Possible billionaire Commerce Secretary Wilbur Ross is most-famous for the $600 custom embroidered velvet slippers he wore one year ago to Trump’s speech before a joint session of Congress. Now, he’s famous for something else.

Secretary Ross on Friday tried to sell his aluminum and steel tariffs that President Trump announced Thursday that have caused the markets to tank. And tank they have. The DOW has dropped 600 points over the past two days so far.

Ross took to CNBC and appeared with props: cans of Campbell’s soup, Coke, and Budweiser, holding up the cans and telling consumers the 10 percent tariff on aluminum and 25 percent tariff on steel will have “limited impact,” as the sidebar shows the DOW down 274 points, and growing.

“In a can of Campbell’s Soup, there are about 2.6 pennies worth of steel. So if that goes up by 25 percent, that’s about six-tenths of 1 cent on the price on a can of Campbell’s soup,” Ross said. “I just bought this can today at a 7-Eleven … and it priced at a $1.99. Who in the world is going to be too bothered?”

Earlier in the day, Ross, who is reportedly worth somewhere between $700 million and several billion dollars, had tried to convince consumers the tariffs which he reportedly pushed Trump into, will have little impact on those buying a $35,000 car.

“There’s about ton of steel in a car. The price of a ton of steel is $700 or so, so 25% on that would be one half of 1% price increase on the typical $35,000 car. So it’s no big deal.”

RELATED: Trump Unites Nation Against Him With Tweet Calling Trade Wars ‘Easy to Win’ That Is Universally Mocked and Condemned

He also called the pushback on the tariffs “false hysteria.”

On social media, Ross was mercilessly mocked.

RELATED STORIES:

Billionaire Trump BFF Unloaded Millions in Steel-Related Companies Last Week – Right Before Tariffs Announced: Report

Trump Just Threatened International Taxes That Dwarf His Steel Tariff – Which Tanked the Markets

Fox News Contributor Freaks the Heck Out After Trump Announces Steep Tariffs and Market Plunges 500 Points

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Seven Florida Republicans File Slew of Anti-LGBTQ Bills

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Seven Florida Republican lawmakers have filed four bills attacking the LGBTQ community.

NBC News reports “the bills would ban gender-affirming health care for transgender children, repeal municipal and county ordinances protecting LGBTQ workers, and legalize so-called gay conversion therapy in places that had banned the medically debunked practice.”

Conversion therapy has been compared to torture by those who have been victims of it, and states have been banning the practice given its ties to suicide and attempted suicide.

The lawmakers are Rep. Anthony Sabatini, Sen. Dennis Baxley, Rep. Bob Rommel, Sen. Joe Gruters, Rep. Michael Grant, Sen. Keith Perry, and Rep. Byron Donalds (images above, in order of NBC’s reporting.) (NCRM has added links to their Twitter accounts.)

Orlando Weekly’s Solomon Gustavo reports on House Bill 136, filed by Sabatini and Baxley, “which would make it a second-degree felony for health care practitioners to administer treatment for transitioning or changing a child’s sex.”

 

 

 

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Elizabeth Warren Calls for Investigation Into Legality of Trump Tipping Off Mar-a-Lago Guests to Soleimani’s Killing

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Elizabeth Warren is calling for financial regulatory agencies to investigate whether President Trump broke the law when he told guests at his Mar-a-Lago resort to expect something “big” in response to Iran’s killing of an American contractor in Iraq, The Daily Beast reports.

“Individuals who were guests at President Trump’s resort may have obtained confidential market-moving information,” a letter Warren sent to agencies read. “These private individuals … would have had the opportunity to obtain significant profits simply by being guests or members at President Trump’s private resort.”

Read the full report over at The Daily Beast.

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Rupert Murdoch’s Son Rips Fox News for Pushing Falsehoods About Australian Wildfires

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Rupert Murdoch’s younger son and his wife launched an attack on News Corporation for promoting conspiracy theories about Australia’s devastating wildfires.

Columnists and broadcasters from News Corp Australia — which dominates the country’s media — have questioned climate change’s role in the fires and downplayed the devastation, and James Murdoch and his wife Kathryn condemned the family business, reported The Daily Beast.

“Kathryn and James’ views on climate are well established and their frustration with some of the News Corp and Fox coverage of the topic is also well known,” said a spokesperson for the couple. “They are particularly disappointed with the ongoing denial among the news outlets in Australia given obvious evidence to the contrary.”

James Murdoch is CEO of the investment firm Lupa Systems but sits on the board of News Corp, which publishes more than 140 newspapers in Australia, and his brother Lachlan runs the Fox News Channel in the U.S.

“They are pissing inside the tent and that’s unusual,” said a longtime News Corp executive. “It’s evidence of how high tensions are within the family over climate change. The majority of people who work here agree with James. We are hoping this may be the tipping point.”

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