October 22, 2024 • 7 mins
The Shocking Truth About Government Incompetence. www.watchdogonwallstreet.com
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
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 (00:16):
Government incompetence, too, infinity and beyond.
Speaker 3 (00:21):
Yeah, I'm in the process. Well I moved. I moved. Yeah,
And how many people are going through this? I don't know.
Speaker 2 (00:28):
I changed my address, put in a change address form
oh Man, well over a month, month and a half ago,
letting them know when I was moving.
Speaker 3 (00:39):
Ah.
Speaker 2 (00:40):
Yeah, I got a big box a mail yesterday. Finally, finally,
I almost thought that I was going to have to
actually fly back to New York go to the post
office to actually claim the stuff myself. That that's just
how incompetent everyone has been. That's about how unhelpful everyone
(01:04):
has been, which is which is always a blast, because
when you move, you don't know if you change all
the addresses on the myriad of bills that you pay,
and then you're getting stuff from health insurance.
Speaker 1 (01:15):
Right.
Speaker 2 (01:15):
Well again, I've got a stack here on my desk that,
oh boy, I can't wait to delve into. And this
is pretty much across the board with everything everything we
you know, the old comedic, you know, basically brands and
raves and regards the Department of Motor Vehicles, and just
(01:37):
how incompetent everything is. I mean, an entire day I
had to waste an entire day of my life that
the Department of Motor Vehicles switching license my wife still
hasn't been changed yet, and license plates and everything that
goes along with that for what, I don't know, I
(01:59):
don't know how many people out there, How many people
out there. When you were a kid, you knew when
you know, you had some bad teacher at some point
in time that was giving you homework that you knew
was useless. You knew that it was useless. You knew
that it was just busy work. Yeah, yeah, again. You
(02:20):
have you ever wonder why you ever wonder why? Why
you know, why don't they put your social Security number?
I don't know, maybe on your passport, maybe maybe consolidate
all of these IDs that you might need to get
a driver's license, whatever it may be.
Speaker 3 (02:37):
But this is, this is across the board, and why
why does this happen? Why does it takes place?
Speaker 2 (02:42):
Well, we have to keep you have to keep a
lot of people in no show jobs, a lot of
people out there that really really don't want to be
put out when they get up in the morning and
they have to go to work, they really don't want
to be bothered. They just want to show up at work,
sit on her ass, maybe play a little solitaire and
(03:03):
collect a check. Serving really no purpose in life, but
their government fervants, right right.
Speaker 3 (03:14):
Think about you know what.
Speaker 2 (03:17):
We have millions, I mean millions and millions of government employees.
When I take the federal and you want to take
state employees at hand, you can talk about the waste
that we have. It's actually interesting as well, was the
fact that story today where actually you've got you've got
(03:37):
a couple senators, you got Jony Erst and Gary Peters
actually saying, hey, wait a second, all of you government
workers there, you might want to get your ass back
at the office.
Speaker 3 (03:51):
Yeah.
Speaker 2 (03:52):
They basically put this, it's called the Telework Transparency Act.
Each federal agency is going to have to lay out
it's work from home policy and count how many people
come into the office. Okay, why why again? That actually
passed the Senate Homeland Security Committee twelve to two.
Speaker 3 (04:10):
I wonder why two didn't vote for it.
Speaker 2 (04:11):
For crying out loud again, the various different department heads.
They don't want to hear about this because then again
they may get their budget cut. That's right, they may
get their budget cut. You know, the Social Security Administration.
You understand that only seven percent, seven percent of the
(04:32):
office space that they have is occupied at this point
in time. Commerce department again, why do we have a
commerce department?
Speaker 3 (04:41):
I don't know.
Speaker 2 (04:43):
I don't want to conduct any commerce they add to
the GDP. No, no, you have yourself a useless job.
Speaker 3 (04:53):
Again.
Speaker 2 (04:53):
I ain't to go back to great film office space
nineteen nineties.
Speaker 3 (04:58):
Bring in the Bob's Exactly do you say you do here?
I don't care. Oh you can say I'm terrible. I
mean I'm nasty. Listen, ladies.
Speaker 2 (05:09):
People all force him to get jobs at Actually, I
don't know, might contribute to the GDP.
Speaker 3 (05:16):
Yeah.
Speaker 2 (05:17):
Quarter of the sampled employees claim residents in Wash This
is this is a neat trick.
Speaker 3 (05:24):
Or other pricey cities. Yet they don't live there.
Speaker 2 (05:27):
The reason being is that they claim that they live,
that they work there, that they live there.
Speaker 3 (05:32):
They're getting paid.
Speaker 2 (05:33):
More even though they might be living and I don't
know Boise, Idaho.
Speaker 3 (05:38):
Now, you can't make this stuff up.
Speaker 2 (05:42):
Senator Ernest's catalog cases of federal employees golfing, taking bubble bats,
and even sitting in jail on Uncle Sam's times.
Speaker 3 (05:49):
Not Uncle Sam's time. It's our time. It's our time.
When I think about our time, do you remember remember.
Speaker 2 (05:59):
Fast times at Ridge on High with spacolimember mister Hand.
Mister Hand calculated all the time that Spacoli wasted from
the class. Again, he had a lot of great lessons
in nineteen eighties movies by the way, Yeah, and met
him pay for it in the end. Again, the bid
(06:19):
administration Stonewell attempts to learn to scale the problem. The
nonprofit Watchdog opened the books requested location data for federal
workers under the Freedom of Information Act. The administration returned
a document with two hundred and eighty one thousand redactions,
making it impossible to know how many workers even claim
they're still in the capital. Your tax dollars at work Again.
(06:44):
I know I'm rant and raven here. I'm glad to
see that they're trying to do a little something. Do
I think that anything will actually get done?
Speaker 3 (06:52):
Now?
Speaker 2 (06:52):
Probably not have fun at the DMV watchdog on Wall
Streets dot com
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 (00:16):
Government incompetence, too, infinity and beyond.
Speaker 3 (00:21):
Yeah, I'm in the process. Well I moved. I moved. Yeah,
And how many people are going through this? I don't know.
Speaker 2 (00:28):
I changed my address, put in a change address form
oh Man, well over a month, month and a half ago,
letting them know when I was moving.
Speaker 3 (00:39):
Ah.
Speaker 2 (00:40):
Yeah, I got a big box a mail yesterday. Finally, finally,
I almost thought that I was going to have to
actually fly back to New York go to the post
office to actually claim the stuff myself. That that's just
how incompetent everyone has been. That's about how unhelpful everyone
(01:04):
has been, which is which is always a blast, because
when you move, you don't know if you change all
the addresses on the myriad of bills that you pay,
and then you're getting stuff from health insurance.
Speaker 1 (01:15):
Right.
Speaker 2 (01:15):
Well again, I've got a stack here on my desk that,
oh boy, I can't wait to delve into. And this
is pretty much across the board with everything everything we
you know, the old comedic, you know, basically brands and
raves and regards the Department of Motor Vehicles, and just
(01:37):
how incompetent everything is. I mean, an entire day I
had to waste an entire day of my life that
the Department of Motor Vehicles switching license my wife still
hasn't been changed yet, and license plates and everything that
goes along with that for what, I don't know, I
(01:59):
don't know how many people out there, How many people
out there. When you were a kid, you knew when
you know, you had some bad teacher at some point
in time that was giving you homework that you knew
was useless. You knew that it was useless. You knew
that it was just busy work. Yeah, yeah, again. You
(02:20):
have you ever wonder why you ever wonder why? Why
you know, why don't they put your social Security number?
I don't know, maybe on your passport, maybe maybe consolidate
all of these IDs that you might need to get
a driver's license, whatever it may be.
Speaker 3 (02:37):
But this is, this is across the board, and why
why does this happen? Why does it takes place?
Speaker 2 (02:42):
Well, we have to keep you have to keep a
lot of people in no show jobs, a lot of
people out there that really really don't want to be
put out when they get up in the morning and
they have to go to work, they really don't want
to be bothered. They just want to show up at work,
sit on her ass, maybe play a little solitaire and
(03:03):
collect a check. Serving really no purpose in life, but
their government fervants, right right.
Speaker 3 (03:14):
Think about you know what.
Speaker 2 (03:17):
We have millions, I mean millions and millions of government employees.
When I take the federal and you want to take
state employees at hand, you can talk about the waste
that we have. It's actually interesting as well, was the
fact that story today where actually you've got you've got
(03:37):
a couple senators, you got Jony Erst and Gary Peters
actually saying, hey, wait a second, all of you government
workers there, you might want to get your ass back
at the office.
Speaker 3 (03:51):
Yeah.
Speaker 2 (03:52):
They basically put this, it's called the Telework Transparency Act.
Each federal agency is going to have to lay out
it's work from home policy and count how many people
come into the office. Okay, why why again? That actually
passed the Senate Homeland Security Committee twelve to two.
Speaker 3 (04:10):
I wonder why two didn't vote for it.
Speaker 2 (04:11):
For crying out loud again, the various different department heads.
They don't want to hear about this because then again
they may get their budget cut. That's right, they may
get their budget cut. You know, the Social Security Administration.
You understand that only seven percent, seven percent of the
(04:32):
office space that they have is occupied at this point
in time. Commerce department again, why do we have a
commerce department?
Speaker 3 (04:41):
I don't know.
Speaker 2 (04:43):
I don't want to conduct any commerce they add to
the GDP. No, no, you have yourself a useless job.
Speaker 3 (04:53):
Again.
Speaker 2 (04:53):
I ain't to go back to great film office space
nineteen nineties.
Speaker 3 (04:58):
Bring in the Bob's Exactly do you say you do here?
I don't care. Oh you can say I'm terrible. I
mean I'm nasty. Listen, ladies.
Speaker 2 (05:09):
People all force him to get jobs at Actually, I
don't know, might contribute to the GDP.
Speaker 3 (05:16):
Yeah.
Speaker 2 (05:17):
Quarter of the sampled employees claim residents in Wash This
is this is a neat trick.
Speaker 3 (05:24):
Or other pricey cities. Yet they don't live there.
Speaker 2 (05:27):
The reason being is that they claim that they live,
that they work there, that they live there.
Speaker 3 (05:32):
They're getting paid.
Speaker 2 (05:33):
More even though they might be living and I don't
know Boise, Idaho.
Speaker 3 (05:38):
Now, you can't make this stuff up.
Speaker 2 (05:42):
Senator Ernest's catalog cases of federal employees golfing, taking bubble bats,
and even sitting in jail on Uncle Sam's times.
Speaker 3 (05:49):
Not Uncle Sam's time. It's our time. It's our time.
When I think about our time, do you remember remember.
Speaker 2 (05:59):
Fast times at Ridge on High with spacolimember mister Hand.
Mister Hand calculated all the time that Spacoli wasted from
the class. Again, he had a lot of great lessons
in nineteen eighties movies by the way, Yeah, and met
him pay for it in the end. Again, the bid
(06:19):
administration Stonewell attempts to learn to scale the problem. The
nonprofit Watchdog opened the books requested location data for federal
workers under the Freedom of Information Act. The administration returned
a document with two hundred and eighty one thousand redactions,
making it impossible to know how many workers even claim
they're still in the capital. Your tax dollars at work Again.
(06:44):
I know I'm rant and raven here. I'm glad to
see that they're trying to do a little something. Do
I think that anything will actually get done?
Speaker 3 (06:52):
Now?
Speaker 2 (06:52):
Probably not have fun at the DMV watchdog on Wall
Streets dot com
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