Kamala Takes the Stage

Kamala Takes the Stage
www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:15):
So, Kamala Harris takes the stage, gonna be uh, I'm
bit you gonna get cna' is gonnaet pretty good ratings tonight.
I gotta sink in suspicion. It's all of you people
out there to do yourself a favor. Okay, Dana bash
is doing the interview. It's on CNN. You know what

(00:40):
you're gonna get. You know, you know that the Harris
Harris Wolls campaign, they got a heads up on the questions.
You know this, they wouldn't have even agreed to doing it, honestly.
You got, you know, Kamala Harris and her chaperone there
with her for this, and it's all taking care again,

(01:04):
you know, don't get angry about it. I mean get
but he's gonna be taken. And you know, being the
next Laura Lumer out there on social media, type it away,
type it away, angry keyboard warriors tomorrow all over social
media all right, if you want to do it, go ahead,
go ahead, but you know what you're gonna get. Okay,
you know that that this is taking care again. There's

(01:28):
nothing you can do about it. Okay, there's nothing you
can do about it. And to the the Trump campaign
out there, you know this, don't come out Oh start tweeting.
Oh yes, stupid lo iq, this one that one gets
the questions handed to her softball interview. Stop paying attention

(01:50):
to Kamala Harris. Okay, Donald, Kamala Harris is living rent
free in your head. Chiss policies, man policies. That's that's
what you have to do. Again, Red Sun sou the

(02:12):
art of war. I mean, why are you fighting this?
I mean you're playing right into her hands. Anyway. Daniel
Heneger today had a really great piece in the Wall
Street Journal. Again I gone off on the journalists at
the Wall Street Journal, lack thereof Daniel Henneger's an opinion
piece writer here right, He says, who doesn't love soap bubbles,

(02:36):
especially those giant ones that seem to get impossibly big,
so impressive, and Kamala Harris, the Democrats have created the
biggest soap bubble American politics has ever seen. This is brilliant.
By the way, The question is can they keep it
from popping for two months? They might. They're doing a

(02:57):
hell of a job with it right now, that's for sure.
We inhabit a world in which many people are willing
to believe almost anything. The level of credulity probably hasn't
existed since humans lived in forests and thought they cohabited
with ghosts and witches. Again, didn't I mention this yesterday

(03:18):
on talking about you know, from twenty from two thousand
and four to twenty twenty four, how much dumber the
voters have gotten. They were talking about the flip flops anyway.
I don't so much have in mind the popularity of
political conspiracy theories since it's QAnon or that Trump would
be a dictator on day one. Conspiracy theories are the

(03:39):
permanent background noise of politics. Modern creduleousness arrived with Facebook, Google,
and they're offshoots again. We told you we when social
media really started blowing up, what do we call it?

(04:00):
We called it the pink slime from Ghostbusters two. If
you remember Ghostbusters too, there was this pink slime that
was running underneath the sit in New York City, and
it was this negative energy and it made everybody fight
and argue with one another. And that's why when it
first came out and said this is what's going to
happen with social media, this is what it's going to do,

(04:21):
I held out for how long? For how for? How long?
Did I hold off? Again? You gotta be on socialers.
I don't want, I don't want. I don't want to,
But anyway, neither here nor there. And I also said,
you know, if they were to rewrite Fight Club today,
Tyler Diurdin would be blowing up the social media companies.
He wouldn't be blowing up banks. But anyway, mon gru

(04:43):
has arrived with Facebook, Google in their offshoots. The success
of the online platforms has less to do with their content,
and it's appearing on an illuminated screen. Since the inventure
of movies, then television, now cell phones, humans have happily
surrendered themselves to a screen. The compulsion to check cell

(05:03):
phone screens has reset the way people want to experience
their daily lives. It's true, It's just true. I quite frankly,
I don't get it. I don't get it, and I mean,
I'm gonna be honest, it drives me nuts with my
kids and I got a constantly put the freaking phone down.

(05:28):
You don't need it. With each glance they are looking
for something new. See again, I'm my phone. I'm due
for a new one. It's three years old. Here, I
got my phone? And when do I check it? When
I need to use it for something okay, or if

(05:50):
I need to do some reading or I'm doing some homework.
It most certainly is not going on Instagram looking at
stupid pictures anyway, not something extraordinary or remarkable, just new.
This compulsion kind to find something new, you know, it's
kind of funny. Remember Don Draper talked about that in

(06:12):
mad Men, you know, the you know, the greatest thing
and the new anyway, posting and scrolling pedestrian photos on
Instagram and constantly checking social media feeds have proved that
the bar for the quality of a new experience has
become very low, but irresistible. How else to explain the

(06:32):
phenomenon of online influencers. It has become possible to sell
anything for a while. The Democrats, long astute in the
manipulation of narratives, recognize the utility of this obsession with
the new and created Kamala and with Dell Buddy, it
didn't such act or such speed. The new Kamala Kamela

(06:57):
two point zero centrist. She's about joy, freedom, middle class.
She's gonna cut red tape. The convention, Democrats were wearing
Hunters camouflage, waving American flags, and hilariously chanting us A.

(07:18):
California Governor Gavin Newsom come a pro called the new
Harris directional fucked I mean anyway, miss miss Harris, and
her acceptance speech described a precious, fleeting opportunity to move
past the bitterness. Haven't you haven't you Joe been in

(07:46):
power for the past three and a half years. They
made it sound if they were actually emerging from Donald
Trump's presidency, not the fourth unpopular year of Joe Biden's
Cannes going again, I guarantee if I'm Kamala Harris, I'm
bringing this up with the debate because Donald Trump gets

(08:06):
again gets ticked off at stuff like this. The TV
Nielsen ratings for Harris's expectance acceptance speech were higher, higher
than Trump's twenty eight point nine million for hers, compared
with twenty six point three million for his. Again, she
continues to move ahead in the opinion polls. Republicans are

(08:30):
very upset the media isn't more aggressively pointing out that
Miss Harris was joined at the hip with Biden for
three years, or that the current Kamala and the former
version our rife with contradictions. Flip flop. Republicans are asking.
This is a great way to say. Republicans are asking for
water to run uphill. The media's existence today is tied

(08:53):
to announcing what new. That's what they did. What's new.
It's not about it, what's new every fifteen minutes. She's it.
Trump's stick is old man. Trump mostly spent the first
week yelling at the Kamala bubble. You know they think

(09:15):
of that, think of that, you know, a bubble? Donald Trump,
old man yelling at bubble. And it just kept floating,
just kept floating. The website two seventy to Win has
a countdown clock to the election. Wednesday just passed noon.
It read sixty eight days, twelve hours, fifty nine minutes.
If you're on Miss Harris's campaign, you're checking that clock

(09:38):
every day because her fall to Earth could happen at
any time. It's true, it's a bubble right. The culture
of easy, often mindless adoption I've described here comes with
a harsh downside, as any marketer would admit. Look at
what happened to the movement known as DI Diversity, Equity
and Inclusion or the ESG investing model. Both have fallen

(10:01):
out of public favor and are attempting a more modest rebranding.
Growth is slowing for online dating apps, the unstoppable crush
for electric vehicles gone. The difference, of course, is that
a presidential election isn't like an impulse buy on Amazon.
If voters wake up halfway through the first year of

(10:24):
the Harris presidency and say, what the hell did we do?
Can't drop it off, can't drop it off at ups
and send it back Democrats if they win control, but
if they win control of Congress, they're not going to
care what the undecided voters in Pennsylvania, Wisconsin, Nevada thought

(10:45):
they were getting. What voters will get is a build
out from Joe Biden's twenty twenty five budget proposal, which
would spend nearly twenty five percent of total US economic output.
That's that's reality. I mean again, both sides are going
to continue. Both Trump and Kamala Harris living well, well

(11:09):
beyond you know, there's the spending needs well, you know again,
spending more than we're taking in. But you know, she
takes it to another level to quote, pay for all
the tax credit subsidies and new entitlements listed in the
Harris Party platform. There will be higher taxes on productive capital.

(11:30):
Senate Democrats will kill the filibuster, enabling whatever legislation they want,
even looking to expand the Supreme Court. But again, what
do they gotta do? It was sixty eight sixty seven days. Now,
got to keep that Harris bubble from bursting. Gotta can't, can't,
can't get any near any hard surfaces. Okay, tonight Dana Bash,

(11:54):
Anna Bash, will Dana Bash asked difficult questions. I'm sure
they're going to sound difficult, but I'm sure Kamala is
already prepared for them. But again, it's Kamala Harris. Did
you see her yesterday at the high school in coher It,

(12:15):
I guess again, making every single time she opens her mouth.
That's amazing to me. Anyway, the hardest surface of all
is mister Trump. The at Risk September tenth debate on
ABC With or Without an open mind could significantly deflate
Miss Harris if her opponents somehow counters her intention to
prod himself to self destruction again. It's I'm worried for

(12:39):
you know, Trump to be Trump again and he has
to stop doing that again. You know, I have my
back and forth worth Carl Rove here from time to time,
and you know, he basically pointing out as well, she's
head by one point seven points in the Real Clear
Politics national average three point four points in fifty five

(13:04):
thirty eight metric. He doesn't seem to think that her
her convention high is going to dip much, and he
says it could dispirited Democrats with Joe Biden. He says
that they're coming home. Is this surge enough for her
to win? Carl Rolf says it's not, but if it

(13:26):
keeps growing, it will. Hillary Clinton carried the popular vote
in twenty sixteen by two point one points and lost.
Joe Biden led the popular vote by four point five
points and one narrowly. We do not have a precise
picture of all the battlegrounds. Yet Trump is not stalling

(13:51):
her momentum. This is Carl Rolven, Carl olov I don't
always agree with him, but I agree with him on this,
and I've been saying it here on the program. Former
President is critics Miss Harris for avoiding the press since June,
but on Thursday, she's sitting down with Tim Wallas for
an interview on CNN. Trump complained that she benefited from
a coup. Nobody cares. Did you understand that nobody cares? Man?

(14:17):
You keep talking about this guy. Okay, Okay, it's it's
their fricking party. Man, It's there again. It's their party.
They want to they want to, you know, throw Joe
Biden out. They threw Joe Biden out a window. Okay,
that's not that's not basically swinging voters by any stretch,

(14:37):
because they people want Biden in the first place. The
country overwhelmingly didn't want Biden or Trump for crying out
loud anyway. He has labeled her a radical left Marxist. Okay,
but he doesn't really go into policy detail. When you

(15:01):
don't get into very if you don't get into details
and explain that, it just you know, it's just another
Trump name, and most people, again radical left Marxist, they're
going to just think it's hyperbole the worst star is

(15:22):
childish insults calling her stupid, dumb, and a lunatic, and
offensive questions such as is she Indian or is she black?
That's self destructive. World goes on to say that our
Ka Juniors endorsement helps Trump and only marginally. As is,

(15:42):
two percent to five percent of the vote will likely
split between the candidates, and he's still on the ballot
and battleground states and some voters who supported him may
not turn out at all again In their September tenth debate,
how will the candidates address their flip flops? Both have
shifted in ways that appeal for grab voters. Harris has

(16:07):
changed her mind on private health insurance, fracking, the border,
and who knows what else I mean this might have
changed their mind on something else since I started doing
this podcast. Trump has changed his rhetoric, if not concrete
policy on in Afghanistan, abortion, immigration. Candidates must present the
other changes as character indictment while defending their own with believable,

(16:31):
authentic explanations. Voters accept politicians who generally change their minds,
but they need to be convinced again. There's no clear
winner right now. This is where the debate is so important.
Again as far as policies current Trump is up by

(16:54):
nine points on handling inflation and the economy, ten points
on the border. Okay, continue to hammer that. On the
other hand, Harris her personality more compelling by thirty points.
Voters in the same poll said she had the better
physical health to serve effectively. Voters also believed by between

(17:17):
seven and fifteen points that she's more honest and trustworthy,
is mentally sharper, and better understands the problems of people
like them. Okay, anyway, anyway, let's look at it this way.

(17:37):
Trump is actually in a better position now than he
was in twenty sixteen and twenty twenty. But Karl Rove
seems to think that Harris is a better candidate than
Clinton and Biden. So again, Donald Trump has got to
up his game, up his game. But yeah, guess what

(17:59):
he Yeah, we'll be watching tonight, were watching tonight. But again,
you know, you know, watchdog on Wall Street dot Com.