DOGE and 5 Reasons Why!

Chris comments on the freakout occuring among government employees after Elon Musk sent an email asking them to list fiveof their accomplishments from the past week. He explains why fear of losing one's job is it a critcal component of success. 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 will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski those.

Speaker 2 (00:17):
In Five Reasons Why Wow. I hilarity this weekend watching
government employees and Democrats have an absolute freakout over Elon
Musk putting out an email which asks what did you

(00:39):
do last week? Five bullets? They want five bullets of
what you accomplished last week? And again echoes a sub
reference that I bring up all the time here from
office space with the bobs, What exactly do you say
you do here? And I guess it's too much to

(01:03):
ask for many government employees. And again their government employees,
and they've got this idea in their head. Well, they
weren't wrong that they can't lose their job. There are
civil servants that we should just do nothing but pat
them on the back and allow them to continue doing
I don't know who knows, who knows well Elon's looking

(01:25):
to find out. Let me tell you. Let me kind
of get to the bottom of this. To some degree,
I see what Elon is trying to do. I mean,
this is the type of actually the way you handle
yourself as a chief executive of a company. Do I

(01:46):
want my I want my employees. I want my employees
to be happy. Okay. I want them to like their jobs.
I do. Okay, I want them excited to come in
to work every single day. But I don't want them comfortable.
What does that mean comfortable? Comfortable in the sense I

(02:08):
want them to do well. I want them to get
paid whatever, based upon what they're worth. But I don't
want them coming in saying, you know, nothing can happen
to me, I can't get fired. You have to have
you have to have some sort of fear of losing
your job that has to be there. It's funny last

(02:29):
week I did a podcast on this very very thing
about oh I want you know, I want safety in
my work, job security. You shouldn't have job security. And
you know what, it's kind of applicable to it. I
was talking about this several weeks ago on the program
with John Adams and talking about how free country doesn't

(02:54):
work unless it is a morally grounded a country that
people have religion. You have to have a fear of
God or it just doesn't work. Okay. The same thing
with with you know, any type of work, you have
to have fear of losing your job. And you know,

(03:14):
all these government workers, how dare they? What do you mean,
how dare they? Again? Maybe you've been in government work
your whole life more than likely in the real world.
Do you have Do you have any idea how this
stuff works out? Huh? Oh? You having to make a
list of things that you did last week on the job.

(03:39):
You see what the U and I believe this is
what the modus operandi is is again to start instilling. Yeah,
a little bit of fear, nothing wrong, nothing wrong, a
little bit of fear in the marketplace. It's the same
thing that holds you in anything. Yeah, listen, you own
a football team. You own a football team, and you're

(04:03):
the starting, uh you know, quarterback on that team. And
it's you know, you've signed a contract that says, you know,
you can't they can't cut you, they can't put you
on the bench. You're basically installed for quarterback. You know,
no matter what happens, what is your incentive to put

(04:24):
the type of work in that like Tom Brady did.
There's none, There's none. You should have fear of losing
your job. And I quite frankly, I think this is
all about I think as he's also trying to kind
of shake loose the scared government employees there that we're
thinking about maybe resigning and getting there. There are eight

(04:44):
months of eight months of salary severance. Is again, this
is what I really think he's up to. I don't
think he's going to be able to They're going to
be able to evaluate all of these things. But you
want to have this in the back of people's minds that,
guess what, you could be fired, you could lose your job.
You better start performing, You better start putting in the
extra effor, because we're gonna be watching you just like

(05:07):
it should be. Watchdog on Wall Street dot Com