Experts in Ivory Towers, Americans in the Real World

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Why do so many economic “experts” sound like they’ve never bought groceries, run a business, or stepped foot in flyover country? Chris unpacks Stephen Moore’s media cheerleading, the bad government data everyone keeps pretending is gospel, and why telling Americans “everything is awesome” only makes the disconnect worse. Real people live on real budgets—and D.C. still doesn’t get it.

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):
Experts not living in the real world. We see this
happen all the time. I got to call out, Oh,
friend of mine, I used to come on my show
on a regular basis when I had a daily drive
time talker, Steven Moore. Steven Moore used to be in
charge for the Club for Growth actually founded that and

(00:37):
he had great success, great success. They were actually I
think the second best biggest fundraiser for Republicans, next to
the Republican Party themselves. And he was very particular about
who he gave money to, very particularly you're very much
pushed for a pro growth, low tax agenda. I used

(00:59):
to have him on a regular basis. He's got kicked
out a little bit of background, got kicked out of
the Club for Growth because he criticized George W. Bush's policies.
This is two thousand and four. Two thousand and four,
that was when George W. Bush went in all all
guns member.

Speaker 3 (01:19):
Oh yeah, we're iracktasy.

Speaker 2 (01:22):
Remember we needed butter and he started all sorts of
big government spending programs. It's critical of that, and the
Club for Growth got upset. How dare you criticize our
Republican got rid of him. Then he started another group.
I forget the name of it, but anyway, he's bounced
around neither here nor there. I watched Stephen Moore yesterday,
and Stephen Moore has these issues oftentimes another guy, another guy,

(01:48):
another expert expert.

Speaker 3 (01:51):
Art Laugher is another one.

Speaker 2 (01:52):
And again, these guys have done some great work over
the years. And I'm not particularly talking about Art Laugher
right now, watch Stephen Moore on CNN basically say hey, hey, no,
people don't know what they're talking about. Yeah, look at
GDP growth, Look at this by every metric out there,
the economy is doing fantastic.

Speaker 3 (02:14):
Steven.

Speaker 2 (02:16):
So, I love you, buddy, I love you, love you,
but you need to get out and about a little bit,
my friend. Okay, when was the last time Steven Moore
went to fly over country. It's the same problem a
lot of Democrats have. Okay, you hang out way too
much in DC. You hang out way too much in
New York. You've got to get out and about you.

(02:37):
You're anecdotal crap. It's it's garbage because it's not true.
Stop you got to stop. President has to stop. You
have to stop telling people that everything is awesome.

Speaker 3 (02:50):
Cue the Lego song again. Everything is awesome because it's
not for everyone. If it was, they tell you.

Speaker 2 (03:00):
Do you think everybody is tuned in to the mainstream media.

Speaker 3 (03:04):
You think of the ratings at somebody's cable news. People
don't watch this crap anymore.

Speaker 2 (03:08):
You think that that's they're getting their queue from that,
they're getting their queue from aok and oh yeah, oh
things are terrible. People know what they're paying for their bills,
they know how far their dollars are stretched. So yes,
you can have Stephen and again for all the great
things that Steven has done. He's never run a business before.

(03:29):
He's never run a business. Not to mention in fact,
you know, actually mingling with these people from all of
it again, I deal with small businesses. The data that
you're getting Steven again, it's government data that is none
of that.

Speaker 3 (03:47):
It's bad.

Speaker 2 (03:48):
You already got the FED saying that the jobs numbers
are probably much much worse that they're even putting onto
We all know the inflation numbers have been garbage for
thirty years. If you've listened to the experts and followed
their nonsense, and also where the experts told you how
to invest over that period of time, your portfolio is
broken even. Oh yes, eight percent for the past thirty years,

(04:10):
you broke even. Okay, congratulations, you're missing it. You're missing it.
And the sooner, the sooner. Trump and the administration just say,
you know what, you could have been honest from the
get go. You could have been honest. I know you
came out and you said, prices are gonna come down

(04:33):
right away. I'm gonna deal with inflation right away, which
I knew was mission impossible. But you get unforced areas,
stupid tariffs, all this other crap that you're doing. You
show the American people that you're working to bring prices down,
and you've done a great job. You got gas prices down,
and that's gonna filter its way through. But what are
you gonna What are we gonna do about agriculture here

(04:54):
in this kind of what are we gonna do for
farmers here in this country that you throttled?

Speaker 3 (05:00):
There's a lot that could be done.

Speaker 2 (05:01):
And granted, we got some stuff coming down the pike
and the big beautiful bill that's gonna help businesses, but
certainty is what's most important, not to mention. Stop insulting
people's intelligence. Stop telling people that they don't know what's

(05:22):
going on in their own checkbook, their own balance.

Speaker 3 (05:25):
Sheet, at their own homes. It's a loser watchdog on
Wall street dot com.