October 16, 2024 • 10 mins
Chris shares his frustration with the 2024 U.S. presidential election, comparing it to a quest for "mojo" reminiscent of Austin Powers. He discusses the lack of excitement among voters and his personal disillusionment with both major candidates. With election day approaching, he reflects on the gimmicks, media pressure, and the failure of both sides to address pressing issues like the economy and government involvement in industries like auto manufacturing. Highlighting the mastery of Florida's hurricane recovery efforts, he contrasts it with the incompetence he sees in national politics.
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Episode Transcript
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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 that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
After watching a lot of politics over the course of
the past week and unfortunately not able to not able
to broadcast and do various Apia scandal internet with Spotty
Powers out, I lost my phone, all sorts of stuff.
One thing came to mind in regard to this election
at this point in time is who's going to end
(00:37):
up with the mojo? I'm going Austin Powers spy who
shagged me? Remember I lost my mojo? Well, I think
that that's what this election is going to come down to,
quite frankly, and I thought about it yesterday flipped on
the Giants and again making myself sick to my stomach
(00:58):
watching my New York Giants play. Starting to see the
commercials coming out. We get the various different football stars
telling you to get out to vote. Then you're getting
all the Hollywood types telling you, oh, you better get
out to vote because that's what it's going to come
down to. The candidates mojo or momentum or lack thereof.
(01:22):
I'm quite frankly, and I'm being dead serious being honest
with you here. Am I the slightest bit excited to
go and vote on election day for the presidency of
the United States? Net Not, I'm not. And again I'm
(01:46):
sorry people, you know, don't give me crap for being honest. Okay,
don't give me crap for me. I get that sometimes
being honest people you kids say it's too close, not good. Listen, Okay,
I'm not gonna lie. I'm not excited. You know. Again,
I'm more concerned about, you know, down ballot races than
(02:08):
i am the presidency at this point in time, my
thrilled with the policy positions of either of these candidates. No,
I'm that. I go right on down the list. I
mean Kamala Harris. She goes out on a regular basis,
(02:29):
and she gives these little talks now and it's getting
worse instead of better. He actually reminded me of a
scene from the movie Billy Madison where Billy is in
a debate and the moderator just goes off on this thing.
And I'll play the actual clip on the radio show
this week. Basically saying that the entire audience has been
(02:53):
made dumber by the ridiculous ramblings of what you said.
You God have mercy on your soul at the end.
It's the stuff say doesn't make any sense whatsoever. Saturday
Night Live for crying out loud, tearing into her nonsense.
I don't know if you saw the advertisement that she
put out targeting real men. It's it's so bad, it's
(03:20):
so bad. All these guys all right.
Speaker 3 (03:22):
Carburetors for breakfast. I am deadlift.
Speaker 2 (03:26):
I'm a real man. I can deadlift five hundred pounds.
Here's a tip. Real men don't have to remind you
that they're real men. I mean, it's absolutely brutal. Saw
that ad and it actually gave me a funny memory.
I don't know if you remember the old Miller Lite
advertisements that they did with the man rules, where they
(03:47):
had the men of the square table and it was
like Jimmy Johnson was there and there was Jerome bettis
Bert Reynolds and are all arguing over you know, certain
rules that men apply to us. And they put this
ad out they don't understand and men at all at
the same time the same time again, we just racked
up another one point eight trillion dollar budget deficit, and
(04:11):
neither candidate quite frankly gives damn, gives damn again. It's
it's it's Nio one and Niro two. You knows Rome's
burning and they're both fiddling there. None of this stuff
is important, and we're getting like I said, it's getting closer.
It's more gimmicks, more gimmicks and tricks, gimmicks and tricks
(04:33):
from both sides. Trump is now calling on making car interest, uh,
the interest on car loans deductible, first and foremost. That's
not going to lower the price of a car. It's
not going to lower the price of a car by
(04:54):
any stretch. We oh, yeah, I know, we were the
interest on our homes that are deductible, yay, yeah. Let
me let me be very clear. All that does is
the home home mortgage is a function of what somebody
can afford over the course of the month. And you know,
(05:15):
they can afford more. They can afford more if guess
what they're they're not paying taxes on the interest portion there,
and it gives them more to spend that eventually factors
into the overall price the home. The same thing with
interest rates, it's a factor. So you know you're going
to make the interest on car loans tax deductible. But
(05:38):
that's going to do more than likely going to make
cars more expensive. Just just how the world works people,
and these other idea there. And you know, the Trump
campaign said Trump was being uh uh, you know, hyperbolic
when he said about a thousand percent terraffs, thousand percent
tariffs on uh cars that are manufactured and coming in
(06:00):
here to the United States. You know, he's going to
fix Detroit and make the American auto industry the greatest
evor You're not going to do that by having tariffs.
You're going to do that by getting the government out
of the auto industry and letting the auto companies make
cars that people want to buy and making them better.
(06:24):
Because I'm quite frankly, I can't think of I'm like
Sedan's it's carlic I can't think of an American stand
that I want to buy. Yeah, they're spending money on
evs and all this other crap. And again, you know
the way that uh, you know, the way the things
were structured here in the United States, cafe standards, you know,
(06:45):
you're making them focus on sedans, they focus on making
They used to folks in a while making econo boxes
because again they got to meet those you know, standards,
and then making money on SUVs that was a business model.
Again why because the government rules and regulations tariffs are
not going to fix the auto industry here in the
United States. The free market will fix it, and competition will.
(07:09):
And if we can't do a better job than other
companies will, then you know what, those companies are going
to fail. I'm sorry, I'm president of the United States.
I don't want to keep the citizens of my country
from buying a product from another country if it's superior.
Because if we.
Speaker 3 (07:26):
Can't do it right here, sorry, I'm you know, fixing it,
making it easy, bending the rules so Detroit automakers can
protect themselves. That's crap.
Speaker 2 (07:42):
That's not the free market. And again it's just I
don't know if it's all hyperble. I don't know if
it's just you know, you're speaking in front of an
audience and you're just trying to get votes. But I
honestly I'm smarter than this, and quite frankly you should
be too.
Speaker 3 (07:58):
And again, like.
Speaker 2 (07:59):
Michael Corleoni, I don't like having my intelligence insulted on
a regular basis by either of the candidates. And you know,
I just we're all dealing with the hurricane down here
in the state of Florida, and we watch a masterclass
(08:20):
in administration and confidence. When you take a look at
Ron DeSantis and what the state of Florida has done
and what they are doing at this point and time,
it's extraordinary, extraordinary. My mother lives and go online, so
(08:43):
lives on Mannesota. Key, She's got power. My brother lives
in Placida, he's got power for crying all out of it.
And boats were in the streets there and how well
they are doing and getting everything up and running. And
as loot masterclass. Again, I'm not gonna lie to you.
(09:06):
I'm gonna be honest with you. And again, so I
gets back to mojo. Okay, who's gonna Who's gonna get
their voters excited enough to get to the polls? Do
I do? I think that a lot of these kids
and gen zers out the young people are just yeah,
they can't wait to vote for Kamala Harris. No frickin way,
(09:32):
no way. But on the same sense, I think that
there's probably many conservatives out there that are like I really,
you know, thrilled a voting for Donald Trump. No, no again. Yeah,
I'm looking forward. I'm gonna be honest, I'm looking forward
to UH twenty twenty eight Watchdog on Wall Street dot
(09:58):
com
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
After watching a lot of politics over the course of
the past week and unfortunately not able to not able
to broadcast and do various Apia scandal internet with Spotty
Powers out, I lost my phone, all sorts of stuff.
One thing came to mind in regard to this election
at this point in time is who's going to end
(00:37):
up with the mojo? I'm going Austin Powers spy who
shagged me? Remember I lost my mojo? Well, I think
that that's what this election is going to come down to,
quite frankly, and I thought about it yesterday flipped on
the Giants and again making myself sick to my stomach
(00:58):
watching my New York Giants play. Starting to see the
commercials coming out. We get the various different football stars
telling you to get out to vote. Then you're getting
all the Hollywood types telling you, oh, you better get
out to vote because that's what it's going to come
down to. The candidates mojo or momentum or lack thereof.
(01:22):
I'm quite frankly, and I'm being dead serious being honest
with you here. Am I the slightest bit excited to
go and vote on election day for the presidency of
the United States? Net Not, I'm not. And again I'm
(01:46):
sorry people, you know, don't give me crap for being honest. Okay,
don't give me crap for me. I get that sometimes
being honest people you kids say it's too close, not good. Listen, Okay,
I'm not gonna lie. I'm not excited. You know. Again,
I'm more concerned about, you know, down ballot races than
(02:08):
i am the presidency at this point in time, my
thrilled with the policy positions of either of these candidates. No,
I'm that. I go right on down the list. I
mean Kamala Harris. She goes out on a regular basis,
(02:29):
and she gives these little talks now and it's getting
worse instead of better. He actually reminded me of a
scene from the movie Billy Madison where Billy is in
a debate and the moderator just goes off on this thing.
And I'll play the actual clip on the radio show
this week. Basically saying that the entire audience has been
(02:53):
made dumber by the ridiculous ramblings of what you said.
You God have mercy on your soul at the end.
It's the stuff say doesn't make any sense whatsoever. Saturday
Night Live for crying out loud, tearing into her nonsense.
I don't know if you saw the advertisement that she
put out targeting real men. It's it's so bad, it's
(03:20):
so bad. All these guys all right.
Speaker 3 (03:22):
Carburetors for breakfast. I am deadlift.
Speaker 2 (03:26):
I'm a real man. I can deadlift five hundred pounds.
Here's a tip. Real men don't have to remind you
that they're real men. I mean, it's absolutely brutal. Saw
that ad and it actually gave me a funny memory.
I don't know if you remember the old Miller Lite
advertisements that they did with the man rules, where they
(03:47):
had the men of the square table and it was
like Jimmy Johnson was there and there was Jerome bettis
Bert Reynolds and are all arguing over you know, certain
rules that men apply to us. And they put this
ad out they don't understand and men at all at
the same time the same time again, we just racked
up another one point eight trillion dollar budget deficit, and
(04:11):
neither candidate quite frankly gives damn, gives damn again. It's
it's it's Nio one and Niro two. You knows Rome's
burning and they're both fiddling there. None of this stuff
is important, and we're getting like I said, it's getting closer.
It's more gimmicks, more gimmicks and tricks, gimmicks and tricks
(04:33):
from both sides. Trump is now calling on making car interest, uh,
the interest on car loans deductible, first and foremost. That's
not going to lower the price of a car. It's
not going to lower the price of a car by
(04:54):
any stretch. We oh, yeah, I know, we were the
interest on our homes that are deductible, yay, yeah. Let
me let me be very clear. All that does is
the home home mortgage is a function of what somebody
can afford over the course of the month. And you know,
(05:15):
they can afford more. They can afford more if guess
what they're they're not paying taxes on the interest portion there,
and it gives them more to spend that eventually factors
into the overall price the home. The same thing with
interest rates, it's a factor. So you know you're going
to make the interest on car loans tax deductible. But
(05:38):
that's going to do more than likely going to make
cars more expensive. Just just how the world works people,
and these other idea there. And you know, the Trump
campaign said Trump was being uh uh, you know, hyperbolic
when he said about a thousand percent terraffs, thousand percent
tariffs on uh cars that are manufactured and coming in
(06:00):
here to the United States. You know, he's going to
fix Detroit and make the American auto industry the greatest
evor You're not going to do that by having tariffs.
You're going to do that by getting the government out
of the auto industry and letting the auto companies make
cars that people want to buy and making them better.
(06:24):
Because I'm quite frankly, I can't think of I'm like
Sedan's it's carlic I can't think of an American stand
that I want to buy. Yeah, they're spending money on
evs and all this other crap. And again, you know
the way that uh, you know, the way the things
were structured here in the United States, cafe standards, you know,
(06:45):
you're making them focus on sedans, they focus on making
They used to folks in a while making econo boxes
because again they got to meet those you know, standards,
and then making money on SUVs that was a business model.
Again why because the government rules and regulations tariffs are
not going to fix the auto industry here in the
United States. The free market will fix it, and competition will.
(07:09):
And if we can't do a better job than other
companies will, then you know what, those companies are going
to fail. I'm sorry, I'm president of the United States.
I don't want to keep the citizens of my country
from buying a product from another country if it's superior.
Because if we.
Speaker 3 (07:26):
Can't do it right here, sorry, I'm you know, fixing it,
making it easy, bending the rules so Detroit automakers can
protect themselves. That's crap.
Speaker 2 (07:42):
That's not the free market. And again it's just I
don't know if it's all hyperble. I don't know if
it's just you know, you're speaking in front of an
audience and you're just trying to get votes. But I
honestly I'm smarter than this, and quite frankly you should
be too.
Speaker 3 (07:58):
And again, like.
Speaker 2 (07:59):
Michael Corleoni, I don't like having my intelligence insulted on
a regular basis by either of the candidates. And you know,
I just we're all dealing with the hurricane down here
in the state of Florida, and we watch a masterclass
(08:20):
in administration and confidence. When you take a look at
Ron DeSantis and what the state of Florida has done
and what they are doing at this point and time,
it's extraordinary, extraordinary. My mother lives and go online, so
(08:43):
lives on Mannesota. Key, She's got power. My brother lives
in Placida, he's got power for crying all out of it.
And boats were in the streets there and how well
they are doing and getting everything up and running. And
as loot masterclass. Again, I'm not gonna lie to you.
(09:06):
I'm gonna be honest with you. And again, so I
gets back to mojo. Okay, who's gonna Who's gonna get
their voters excited enough to get to the polls? Do
I do? I think that a lot of these kids
and gen zers out the young people are just yeah,
they can't wait to vote for Kamala Harris. No frickin way,
(09:32):
no way. But on the same sense, I think that
there's probably many conservatives out there that are like I really,
you know, thrilled a voting for Donald Trump. No, no again. Yeah,
I'm looking forward. I'm gonna be honest, I'm looking forward
to UH twenty twenty eight Watchdog on Wall Street dot
(09:58):
com
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