Newsmax host says US elections are “a huge liability. It weakens our country in a lot of ways because we're always thinking about the next election”
Rob Schmitt: “XI Jinping doesn't have to worry about elections. That's a huge benefit. Trump talks about that a lot. He's jealous of that.”
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From the April 8, 2025, edition of Newsmax's Rob Schmitt Tonight
ROB SCHMITT: Two billion a day, he says. Two billion a day in tariff revenue. That's about 700 billion a year. More than 700 billion a year. Just to give you a reference, that's a third of what our government brings in from all income taxes, everything we all pay in income taxes — that would be about a third of that number. That's quick to get to those kind of numbers. And by the way, that number, 700 billion is going to increase sharply at midnight because China has a lot of that. Likely forcing China with its very weak economy to the table to cut a deal that will benefit our country, our workers, to some unknown extent. Based on our tremendous deficit, which you can see here behind me, just how much more China sends us than they accept from us, China's retaliatory tariffs just don't hit as hard as they need them to. That's the problem when there's this huge disparity. China exports far more to us than they import from us. The White House has the winning hand in many different ways here.
China's only upside is, of course, political. XI Jinping doesn't have to worry about elections. That's a huge benefit. Trump talks about that a lot. He's jealous of that because imagine what you could do if you could not have to worry about every two years, you got to get everybody reelected. I mean, that's a huge liability. It weakens our country in a lot of ways because we're always thinking about the next election. It's hard to ever do the right thing like they're doing right now. This is why most politicians never do the right thing. They just always think about the next election. But for the next year, Trump and Republicans don't really need to worry about this election either. And again, China's situation is pretty bad. And if they pull this off, if the White House pulls this off and these deals all do come together and they get China and have some kind of a win with China, and our market goes soaring again and our industrial base improves in a way that Americans can feel over the next couple years, look out.