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January 3, 2025 2 mins
Chris highlights President Biden’s decision to block Nippon Steel’s $14.9 billion bid for US Steel, comparing Biden's rhetoric to a comedic riff from The Campaign. With both Biden and Trump opposing the deal, Markowski questions the logic of rejecting substantial investment from a key ally. 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 will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
So President Joe Biden steeles from cam Brady Steals ste LSI, Yeah,
Biden released a statement indicating that he will block Nipon
Steals fourteen point nine billion dollar takeover of US steel.

(00:41):
And you have to see this, okay. As I have
said many times, steel production and the steel workers who
produce it are the backbone of our nation. That I'm
sorry if you haven't seen the movie The Campaign with
Will Farrell and Zach Gallifanakis. They did an entire riff

(01:05):
where Will Farrell's character cam Brady is on the campaign
trail and he's in front of various different interest groups.
Starts off with the troops are the backbone of our country.
Then it goes to the farmers are the backbone of
our country. In front of another.

Speaker 3 (01:25):
Group teachers is the backbone of our country.

Speaker 2 (01:32):
Audio specialists and window tinters are the backbone of our country.
And then he ends up with Filipino tilta world workers
are the backbone of our country. It's a funny montage
from the movie, and it's the exact same thing that
he said yesterday, Joe Biden basically stealing from cam Brady

(01:57):
in that film. Anyway, Biden blocked it, but Trump said
he was gonna block it too. Eh yeah, hey, no, no,
no no, you got a a friendly country, an ally
of ours wanting to invest fifteen billion dollars in the country. Sure, yeah, yeah,
let's just tell him to go take a walk. Stupid

(02:19):
on both sides. Watchdog on Wall Street dot Com
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