Another Obama Failure!

Chris takes a no-holds-barred look at the Obama administration’s record of wasted taxpayer money. He challenges listeners: Can you name one success from Obama’s era? From the crumbling, costly Obama Presidential Library to a $2.2 billion energy project that forced outrageous rates on consumers, Markowski exposes how these projects have been nothing but a colossal failure. 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 (00:16):
We got ourselves another Obama fail. Actually, you know what,
I'm just going.

Speaker 3 (00:22):
To challenge anybody out there. Can you name for me
anything that came out of the Obama administration that was
a success. And don't give me that steaming pile of
bullshit about Obama gere because that's a freaking disaster. Anyway, Well,
let's do a couple, shall we. This is kind of funny.
This is kind of funny. Oh isn't it ironic? You think? Yeah,

(00:47):
Obama's Presidential library eight hundred and thirty million dollar piece
of garbage. Did you take a look at this thing
as straight at a Soviet central planning It's apropos As
a matter of fact, it would fit right in at

(01:11):
a state University of New York college campus somewhere ugly ugly.

Speaker 1 (01:18):
What you know, every.

Speaker 2 (01:19):
Gidia you get leftists in architecture or art, it just
done mix. It's always a disaster, whether it be a stadium,
whether it be a presidential library.

Speaker 3 (01:32):
Yeah, the eight hundred and thirty million, ugly as hell
Obama Presidential Library is falling apart, not even done yet.
The subcontractor is suing and screaming racism because the structural

(01:52):
design firm said the concrete job was no good and
you can see that it's all cracking apart. You can't
make the stuff up. But that's not the story I
want to tell about talk about. This was one going back,
going back to the American Recovery and Reinvestment Act. Yes,

(02:15):
this was the ibum I don't know power plant. Oh
it's revolutionary. Oh, you can go on, like watch Obama
touting this thing, two point two billion dollar power plant.
Rather rather than using you might remember this, rather than
using solar panels, what Obama did was he put mirrors

(02:40):
out there and focused all of the mirrors on this
one spot, boiling water, creating energy. Okay, that's that's creative.
It's a creative idea. And I admit, if you were
or maybe in industrial design in college undergrad, you know

(03:07):
you might get an a on that idea, a for effort.
You know, it's kind of a neat idea. But when
you start thinking about the consequences of well, wait a second, here,
what happens if a bird flies by Zeh Fried? That's right,
they actually called they actually had to come up with
a word for it. They called screamers. Any bird and

(03:31):
this is a massive field. Any bird that flew by Fried, yep,
right on fire. And also, let's take a look at
whether or not it's going to be worthwhile. As it
turns out, yes, you had to pay two hundred per
megawatt hour versus thirty five per megawatt hour. That was

(03:55):
the market rate. So you're building a power plant and
forcing the residents to use this power and pay an
abnormally high price for that power. Well, let's just see
what we paid for this, Because we paid for it
for the taxpayers. Obama took our money and then patted
himself on the back. One point six billion dollar loan,

(04:18):
five hundred and thirty five million dollars grant. There you go,
there's just giving away cash, thirty percent tax credit and
also accelerated depreciation. So and guess what it was supposed
to last over thirty years? Oh yeah, they're shutting it down,

(04:42):
shutting it down.

Speaker 2 (04:43):
It's so it's.

Speaker 3 (04:44):
Over another another big Barack Obama success story. Now me,
you know, if I you know, if I had my
own news network, whatever it may be, you know, might
I reach out to the Obama people what their thoughts.

Speaker 2 (05:02):
Are on this?

Speaker 3 (05:05):
Just just me pick up the phone. Hey, that that
you know, that big thing you took taxpayers money for?
You spend it? It got shut down already. Your thoughts
on that, Oh, I'm sure you never get a hold,
but they at least they'd have to say no comment
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