ed: the skyline here in new york city. i m old enough to remember when michael bloomberg was the mayor and old enough remember to remember when he was a republican. he wanted to be a one-man wrecking machine of the gun industry. now, because of climbed change, is he taking aim at the coal industry. and put out this statement. we are in a race against time of climate change there is virtually no hope of bold federal action on this issue for at least another two years. mother nature is not waiting on our political calendar and neither can we. he is now pledging 500 million bucks of his own money to take out the coal industry? jedediah: you heard that right $500 million of his own money. and chris hamilton, senior v.p. of the west virginia coal association has called out bloomberg s war on coal.
that will create more demand for the marginal unskilled worker and push wages up even more and it will be wonderful news for president trump going and 2020. that s very optimistic but sometimes i think the wall street negativity can infect the real economy. potentially but also the coverage of the white house of wall street. i think of the media focuses on volatility then i think that will translate in the market, personally. the reason why i think with the blue-collar workers of 2018 that it doesn t do quite as well as because president trump wasn t on the ballot and president trump passed through the victory through the white house, always the rust belt and again in 2020 it will be through the rust belt. i think why president trump was so refreshing to a lot of these blue-collar workers is one you had president obama who pursued a policy of identity politics and forgot about the rest of america and president trump spoke to the people. you also have an issue like coal, president t
who are working in america, that will create more demand for the marginal unskilled worker and push wages up even more and it will be wonderful news for president trump going and 2020. that s very optimistic but sometimes i think the wall street negativity can infect the real economy. potentially but also the coverage of the white house of wall street. i think of the media focuses on volatility then i think that will translate in the market, personally. the reason why i think with the blue-collar workers of 2018 that it doesn t do quite as well as because president trump wasn t on the ballot and president trump passed through the victory through the white house, always the rust belt and again in 2020 it will be through the rust belt. i think why president trump was so refreshing to a lot of these blue-collar workers is one you had president obama who pursued a policy of identity politics and forgot about the rest of america and president trump spoke to the people. you also have an
waging a war on coal. hillary clinton said she wanted to put coal workers out of business in here you have president trump coming in and saying i care about you, i know you re hurting and i want jobs to come back to your communities so imagine how refreshing that has to sound to those individuals and clearly he s falling through following through. great. i agree. it will depend very much for the democrats can challenge that in any way. thank you all very much. coming up mike gallagher will be back, he says the problems on capitol hill are even worse than you can imagine but he has a positive and practical plan.
conservatives and critics 60 president obama felt that you all were trying to kill the coal industry and what the administration says they re trying to do is extend the longevity and that they think they can do in the a cleaner, cheaper way. i think i d love to have a wonderful conversation as we had about how you think the fact that coal is becoming ancillary and outdated right now. what do we do for those communities to have them dell with this transition? the thing you don t do is give them false promises that you re trying to develop robert mugabes that won t stand the test of time, that will provide them relief that they want instead of the kind of support they need to deal with the transition ahead. so we never were in a war on coal. we were regulating pollution, we were addressing the challenge of climate change, doing it reasonably and cost effectively