December 27, 2024 • 8 mins
Chris tackles the heated debate of MAGA vs. Musk on immigration, H1B visas, and the U.S. workforce. He breaks down the challenges with the current immigration system, the need for skilled labor, and how legal immigration done right benefits the country. www.watchdogonwallstreet.com
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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 it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Maga versus Musk on social media. I guess there's been
some sort of blow up in the Magar world, Elon
muss Vivek world, social media x Laura Lumer, all sorts
of stuff, And to be honest with you, I really
can't make heads or tails out of it. I really
(00:39):
don't know what's going on, but I do know it
has to do with immigration. Many people in the Maga
camp are none too happy with Elon and Vivek talking
about the need to continue to have immigrants coming into
the country, and a lot of it has to do
with the H one BE visa. Now first and fourth
(01:01):
H one B visa is not it's not visa that
we're going to want to use to start bringing people
in to take skilled jobs. The entire the entire system
in of itself is a Mess's been abused. We've covered
it here years ago on the program where we actually
caught Disney basically doing it, you know, laying off American workers,
(01:25):
replacing them with people with visas coming into this country
to get one of these visas well. Basically you can
come into the country, but you are at the behest
of the company. It's not like you can move jobs
or anything like that. The system in of itself, to me,
is abusive to the core. We need to continue to
have we want to have legal immigrants into this country. Actually,
(01:49):
Donald Trump has spoken about this in particular, kids coming
here to college, kids coming here to college. We're educating
them at our colleges and universities. And you know what
the reality is. What the reality is is that you
got all these colleges and universities. We're educating these kids,
(02:09):
I mean, and in college. Universus love making money off
foreign students. But then we're sending them away, send them
back to their home countries to go build and develop
businesses there. To me, I'd be wanting to retain the
best of the brightest. Now many people are afraid that, Okay,
we've got all these immigrants in this country and Americans
are not going to be able to find certain jobs. Well,
(02:32):
if it's an open marketplace, okay, you get rid of
the whole visa aspect where you say, okay, we're going
to have people come in, we're going to have legal
immigration into this country. Well they can compete on a again,
a level playing field. We also have. You know, it's
the reality we don't have quite frankly enough workers for
many skilled labor jobs at this point in time. See it,
(02:57):
you know, up close and personal, and how difficult it is. Again,
I'm in an area that got hit by a couple
of hurricanes, but good luck find an electrician to come
out and install a generator, a myriad of different things.
You got to wait months, months, and again this is
(03:17):
high paying jobs.
Speaker 3 (03:18):
This is work we have.
Speaker 2 (03:21):
We've got a system here in this country. We've got
many people that we've talked about this for been able
to game the system. You can live here in America
really don't have to do much at all. We've got
you want to call them social safety nets, they're not
social safety nets. It's welfare. And you know, once you're
able to get and understand that system, and you know,
the myriad of different things that you can get out
(03:43):
of it, so you know, people can decide not to.
Speaker 3 (03:46):
Work or work very little. That's problem that's a problem.
Speaker 2 (03:52):
I again, it shouldn't be this difficult, shouldn't be this
difficult to find workers. And listen, I'm giving you, you know,
geographic specific area where I'm at at this point in time,
but I know it's everywhere, clients all over the country.
To me, like I said, I'm always for legal immigration.
(04:13):
And when you have legal immigration, you have to assimilate people.
The people that we've had come into this country, we
don't know who they are, we don't know where they
come from.
Speaker 3 (04:24):
To me, it's it's you know, it's abuse.
Speaker 2 (04:29):
Quite frankly, people are coming from areas and how you
cannot feel sorry for many of them trying to get
out of difficult situations.
Speaker 3 (04:38):
And you know, I can't compete.
Speaker 2 (04:42):
They're not They're not going to go anywhere. They're not
going to assimilate. Their kids are not going to assimilate.
And again, we can't expect the American taxpayers to bear
the brunt of all this, not to mention, you know
what's happening in schools. There's so many different things that
are going on with this, you know this whole say,
(05:03):
you can't bite off more than you can chew. Having
a legal immigration system where you're bringing people into the country,
you are assimilating. You know, for the life of me,
we had we had a system that worked.
Speaker 3 (05:20):
We had an Ellis Island.
Speaker 2 (05:23):
We knew who was coming in, we knew how many
were coming in, and we're able to handle it. I
can't even imagine you're being in certain school districts out
there and you're the principal of a school and all
of a sudden, you know, here you go, here's a
one hundred kids that don't speak English at all, and
they're going to be in the same classrooms everybody else,
and you're the school teacher.
Speaker 3 (05:42):
You got to handle all of this. This is the mess.
This is the mess that we're dealing with right now.
Need to do away with this. You do with the
stupid visas.
Speaker 2 (05:52):
You got enough people that are willing to be Americans here,
Let them, let them learn the language. You want to sit,
certain rules for coming in, set certain rules, learn the language.
Pay if I don't care. I don't care. But the
shit show that we've got going on right now is
(06:12):
not going to work.
Speaker 3 (06:14):
We all know that.
Speaker 2 (06:16):
But also, you know, putting up a fence and locking
the door and saying, you know, no immigration his job
for just people born in America.
Speaker 3 (06:26):
We don't have enough.
Speaker 2 (06:28):
I mean, we're not as bad as Europe is with replacements,
are not even close to Japan.
Speaker 3 (06:34):
We don't have enough. And here's a here's a bit
of a news flash.
Speaker 2 (06:38):
Okay, you see anybody calling for taking away any of
the government benefits that we have, no no. I Again,
there's an old saying, yeah, I guess it's starvation is
a is a pretty good motivator.
Speaker 3 (06:51):
That doesn't happen here in this country.
Speaker 2 (06:54):
We're to take anybody's foodstacks, snap program away, which continues
to grow at a massive pay, Section eight housing, and
go do a myriad of different things. Republicans aren't even
calling for cuts of these programs. They're popular. You tell
me how you got to get these people back off
the couch and into the workforce. Again, we created that problem.
(07:19):
We created that problem again. There's it's a good argument
in a conversation to be had, and there's many different
things we can do, but we need to understand that again, Immigration,
when done the right way, is is a massive benefit.
It is it is a great benefit to this country
(07:42):
when it's done the right way, When people can assimilate
and their kids and their grandkids go on and do
wonderful things.
Speaker 3 (07:54):
Yeah. They you know, they may have.
Speaker 2 (07:55):
Been doing the you know, the manual labor when they
came here here, but their kids are they're gonna be
doing great things. That's how the country has worked. And
you know what, why would we get away from that again?
Like I said, throwing.
Speaker 3 (08:10):
Open the door and allowing everyone and anyone in. Nope, nope,
nope doesn't work. Didn't work here, it's not working in Europe.
Speaker 2 (08:16):
It's a mess. Okay, it's a mess. Get back to
a system that makes sense. Watch Dog on Wall Street
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):
Maga versus Musk on social media. I guess there's been
some sort of blow up in the Magar world, Elon
muss Vivek world, social media x Laura Lumer, all sorts
of stuff, And to be honest with you, I really
can't make heads or tails out of it. I really
(00:39):
don't know what's going on, but I do know it
has to do with immigration. Many people in the Maga
camp are none too happy with Elon and Vivek talking
about the need to continue to have immigrants coming into
the country, and a lot of it has to do
with the H one BE visa. Now first and fourth
(01:01):
H one B visa is not it's not visa that
we're going to want to use to start bringing people
in to take skilled jobs. The entire the entire system
in of itself is a Mess's been abused. We've covered
it here years ago on the program where we actually
caught Disney basically doing it, you know, laying off American workers,
(01:25):
replacing them with people with visas coming into this country
to get one of these visas well. Basically you can
come into the country, but you are at the behest
of the company. It's not like you can move jobs
or anything like that. The system in of itself, to me,
is abusive to the core. We need to continue to
have we want to have legal immigrants into this country. Actually,
(01:49):
Donald Trump has spoken about this in particular, kids coming
here to college, kids coming here to college. We're educating
them at our colleges and universities. And you know what
the reality is. What the reality is is that you
got all these colleges and universities. We're educating these kids,
(02:09):
I mean, and in college. Universus love making money off
foreign students. But then we're sending them away, send them
back to their home countries to go build and develop
businesses there. To me, I'd be wanting to retain the
best of the brightest. Now many people are afraid that, Okay,
we've got all these immigrants in this country and Americans
are not going to be able to find certain jobs. Well,
(02:32):
if it's an open marketplace, okay, you get rid of
the whole visa aspect where you say, okay, we're going
to have people come in, we're going to have legal
immigration into this country. Well they can compete on a again,
a level playing field. We also have. You know, it's
the reality we don't have quite frankly enough workers for
many skilled labor jobs at this point in time. See it,
(02:57):
you know, up close and personal, and how difficult it is. Again,
I'm in an area that got hit by a couple
of hurricanes, but good luck find an electrician to come
out and install a generator, a myriad of different things.
You got to wait months, months, and again this is
(03:17):
high paying jobs.
Speaker 3 (03:18):
This is work we have.
Speaker 2 (03:21):
We've got a system here in this country. We've got
many people that we've talked about this for been able
to game the system. You can live here in America
really don't have to do much at all. We've got
you want to call them social safety nets, they're not
social safety nets. It's welfare. And you know, once you're
able to get and understand that system, and you know,
the myriad of different things that you can get out
(03:43):
of it, so you know, people can decide not to.
Speaker 3 (03:46):
Work or work very little. That's problem that's a problem.
Speaker 2 (03:52):
I again, it shouldn't be this difficult, shouldn't be this
difficult to find workers. And listen, I'm giving you, you know,
geographic specific area where I'm at at this point in time,
but I know it's everywhere, clients all over the country.
To me, like I said, I'm always for legal immigration.
(04:13):
And when you have legal immigration, you have to assimilate people.
The people that we've had come into this country, we
don't know who they are, we don't know where they
come from.
Speaker 3 (04:24):
To me, it's it's you know, it's abuse.
Speaker 2 (04:29):
Quite frankly, people are coming from areas and how you
cannot feel sorry for many of them trying to get
out of difficult situations.
Speaker 3 (04:38):
And you know, I can't compete.
Speaker 2 (04:42):
They're not They're not going to go anywhere. They're not
going to assimilate. Their kids are not going to assimilate.
And again, we can't expect the American taxpayers to bear
the brunt of all this, not to mention, you know
what's happening in schools. There's so many different things that
are going on with this, you know this whole say,
(05:03):
you can't bite off more than you can chew. Having
a legal immigration system where you're bringing people into the country,
you are assimilating. You know, for the life of me,
we had we had a system that worked.
Speaker 3 (05:20):
We had an Ellis Island.
Speaker 2 (05:23):
We knew who was coming in, we knew how many
were coming in, and we're able to handle it. I
can't even imagine you're being in certain school districts out
there and you're the principal of a school and all
of a sudden, you know, here you go, here's a
one hundred kids that don't speak English at all, and
they're going to be in the same classrooms everybody else,
and you're the school teacher.
Speaker 3 (05:42):
You got to handle all of this. This is the mess.
This is the mess that we're dealing with right now.
Need to do away with this. You do with the
stupid visas.
Speaker 2 (05:52):
You got enough people that are willing to be Americans here,
Let them, let them learn the language. You want to sit,
certain rules for coming in, set certain rules, learn the language.
Pay if I don't care. I don't care. But the
shit show that we've got going on right now is
(06:12):
not going to work.
Speaker 3 (06:14):
We all know that.
Speaker 2 (06:16):
But also, you know, putting up a fence and locking
the door and saying, you know, no immigration his job
for just people born in America.
Speaker 3 (06:26):
We don't have enough.
Speaker 2 (06:28):
I mean, we're not as bad as Europe is with replacements,
are not even close to Japan.
Speaker 3 (06:34):
We don't have enough. And here's a here's a bit
of a news flash.
Speaker 2 (06:38):
Okay, you see anybody calling for taking away any of
the government benefits that we have, no no. I Again,
there's an old saying, yeah, I guess it's starvation is
a is a pretty good motivator.
Speaker 3 (06:51):
That doesn't happen here in this country.
Speaker 2 (06:54):
We're to take anybody's foodstacks, snap program away, which continues
to grow at a massive pay, Section eight housing, and
go do a myriad of different things. Republicans aren't even
calling for cuts of these programs. They're popular. You tell
me how you got to get these people back off
the couch and into the workforce. Again, we created that problem.
(07:19):
We created that problem again. There's it's a good argument
in a conversation to be had, and there's many different
things we can do, but we need to understand that again, Immigration,
when done the right way, is is a massive benefit.
It is it is a great benefit to this country
(07:42):
when it's done the right way, When people can assimilate
and their kids and their grandkids go on and do
wonderful things.
Speaker 3 (07:54):
Yeah. They you know, they may have.
Speaker 2 (07:55):
Been doing the you know, the manual labor when they
came here here, but their kids are they're gonna be
doing great things. That's how the country has worked. And
you know what, why would we get away from that again?
Like I said, throwing.
Speaker 3 (08:10):
Open the door and allowing everyone and anyone in. Nope, nope,
nope doesn't work. Didn't work here, it's not working in Europe.
Speaker 2 (08:16):
It's a mess. Okay, it's a mess. Get back to
a system that makes sense. Watch Dog on Wall Street
dot com
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