November 5, 2025 • 24 mins
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Republicans just took a beating — and Chris Markowski says he told you so. From New York to Virginia, Democrats cleaned house, and it’s not a mystery why. In this fiery breakdown:
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
Republicans just took a beating — and Chris Markowski says he told you so. From New York to Virginia, Democrats cleaned house, and it’s not a mystery why. In this fiery breakdown:
- Why the GOP keeps losing the economic argument
- How Trump’s tariffs and spending are crushing small businesses
- The brutal truth about the “great economy” myth
- Why voters care about rent, groceries, and jobs — not photo ops in Malaysia
- And how a socialist in New York just out-Trumped Trump by focusing on affordability
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
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, whoa.
Speaker 2 (00:17):
The elephant's gotten their ass kicked now, not the only
one that's saying he got the vak armswani as well
coming out. But it is funny to watch watch the
folks over at Fox News fall all over themselves trying
to come up with excuses. What's her name there the morning,
(00:38):
Gal Duffy. Yeah, husband is Transportation secretary.
Speaker 3 (00:43):
People just don't understand. They don't understand.
Speaker 2 (00:46):
He's just hasn't been an offense that long and it's
just his budget's not in place yet, right, sure thing,
Sure thing. There was a get by Chris Rock stand
up bit, and this was back he was talking about O. J.
(01:07):
Simpson and he goes off on this tangent talking about uh,
well his wife, well O J. Simpson's wife and screwing
around with the guy who's living at their house and
he's driving around his ferrari and.
Speaker 3 (01:21):
It was a comedy bit. Okay, don't get offended.
Speaker 2 (01:24):
He said, I'm not saying he's gonna killed her, but
I understand it. Well, if you don't understand, if you
don't understand why man Dommie one in New York and
why Democrats clean Republicans clocks will, then you know, quite frankly,
(01:45):
you know you can continue to drink, drink your your
Maga kool aid. Okay, you can continue to believe in
at the nonsense when they parade these fools out telling
you that everything is great in this country. Everything's awesome,
the economy is fantastic, and people are just happy and thrilled. Anyway,
(02:09):
but let's let's break it down, shall we. Okay, lots
of stories out there. Democrats start their comeback, a warning
for the GOP from New Jersey Virginia on affordability and
Trump's on popularity.
Speaker 3 (02:24):
That's another thing too.
Speaker 2 (02:26):
You take a look at the poll numbers as far
as Trump's popularity is concerned. It's not good. It's not good.
And we'll get into that as well. Democrats dent Trump's
coalition with three big election vigor threes. Mamdammy is a
gift which Trump should unwrap carefully. Uh huh uh huh again,
(02:52):
Mamdannie is doing the same thing that Trump did back
in twenty sixteen. That Trump did really well well back
in twenty sixteen, and also Bernie Sanders did really well
back in twenty sixteen. He spoke to the concerns of
voters talking about living standards. They're basic aspirations about getting
(03:20):
a good job, a decent job, being able to afford
a vacation, maybe a decent home to live in. The
reality is is that's a fantasy for much of the country.
Do you think anybody, for the most they think most
(03:41):
people give it, give a damn, give a damn about
stopping wars in you know, between Armenia? Would he as Erbaijan?
He said it was Albanian made him a stake one time.
Did you think do you think voters care about that
(04:05):
when they see the grocery prices to the roof they
can barely make the rent payments. Do you think they
give a shit about that?
Speaker 3 (04:15):
Do you?
Speaker 2 (04:16):
I mean, you can get up there and you can
pat yourself on the back all you want. James Carvel
once said, and this is back when he was Bill
Clinton's campaign manager, it's the economy stupid, and let's let's
(04:36):
be honest here, Okay, I told each and every one
of you out there that listen to this program, this
was going to happen. I told you this was going
to happen.
Speaker 3 (04:52):
We had you know, it went downhill.
Speaker 2 (04:56):
As soon as we hit a liberation day. There was
a powable an excitement here in this country.
Speaker 3 (05:06):
Consumer confidence was.
Speaker 2 (05:08):
People were excited, they were thrilled. And then he pulls
off this ridiculous liberation day, this tariff nonsense. They're quite frankly,
nobody still knows what's up. Nobody nobody knows up, down, sideways, backwards, forwards,
and let let's be honest when it comes to tariffs
(05:30):
as well. Big businesses are handling it. They're absorbing some
of the costs, they're passing some of the costs on
to their customers. Why because they can you know, who
can't small businesses. Small businesses are getting crushed by this.
(05:52):
This is just another form of regulatory capture. I explain
this to everyone here on the program, talk about the
rules and regulations and the financial service industry on Wall
Street and how it helps the big banks. It actually
allows for too big to fail to be the law
of the land because nobody can compete with those guys,
(06:13):
Regulatory costs are too high, and a myriad of other things.
What do you think that small businesses can keep up
with these tariffs and the on again, off again, not
knowing what's happening? Tell you something, Yeah again. I've got
small business clients all over the country. Interact with small
business all the time. I have an on the radio
(06:34):
show entitled work Time and Effort, same name of my book,
where I interview entrepreneurs and small business owners. I work
with one of the best accounting firms in the country
in my opinion, for individuals and small businesses providing services
to my clients. What you don't think, I know it's
(06:57):
going on with small businesses and how they feel about
these tariffs and Trump's policies. They getting crushed. They are
getting crushed.
Speaker 3 (07:10):
Anyway.
Speaker 2 (07:12):
Anyway, we'll get back into that here in a bit.
Ma'am Dommy, ma'am Dommy, my daughter calling me up today
asking all sorts of questions about what's happening with ma'am Dommy,
and you know, the New York and what's going to
happen with New York first and foremost. Okay, he promised
(07:37):
a lot of things promised a lot of things, many
of which he cannot do a declare and decree and
make them happen. I'm going to go through his proposals
with you right now and what he can do.
Speaker 3 (07:56):
He can certain things.
Speaker 2 (08:02):
Enforcement of housing codes depends on the mayor's authority over
city agencies, allowing directives to ramp up inspections, hold landlords
accountable for repairs, and deploy emergency repair programs.
Speaker 3 (08:15):
He can do that.
Speaker 2 (08:17):
He can accelerate city fleet electrification and mandating solar installations.
That comes to underneath his power to manage municipal operations.
Forcing sanctuary protections relies on the mayor's ability to issue
executive orders and reallocate resources. Enabling restrictions on ice access,
(08:41):
ending discretionary cooperation, Expanding legal aid, and tightening data privacy
now outside of his power. Freezing rent for stabilized tenants
depends on the independent Rent Guidelines Board, where the Mayor's
influences indirect and limited through appointments. Eliminiting bus farees citywide
(09:02):
requires MTA and state approval, as fair policy and funding
are outside mayoral control. Challenging con Edison's proposed utility rate
increases falls under the state Public Service Commission. Mayor cannot
set or block rates. In latterly, raising corporate or millionaire taxes,
(09:24):
revising property tax structures, and implementing universal childcare all require
Albany's approval. Implementing city owned grocery stores would need city
council legislation for program creation and budget support. Raising New
York City's wage Florida thirty dollars an hour is governed
by state law, leaving the mayor with only advocacy power. Okay, again,
(09:49):
he cannot declare an decree. He can't.
Speaker 3 (09:54):
Well, let's just put it this way.
Speaker 2 (09:55):
He can't make like President Trump and do an executive
order make these things happen. He can't. However, the politics
that are involved. Kathy Hulkeel is looking to run again
for governor in twenty twenty six. Now, Kathy Hochel is
facing a challenge from her lieutenant Governor, Antonio Delgado, who
(10:20):
is to the left of her. Now, if Hulkeel decides
to go left, she might then be able to defeat
del Gato. There's also Elsie Stelfinick that is a representative.
She's gonna be running. But again, I don't think she's
got a shot. I do want to remind everybody that
(10:42):
the top one percent of taxpayers contribute about forty percent
of the city's tax revenue. Again, I don't know how
he would raise money for many of these things. He could,
you know, send the various different you know, inspectors out
hit up restaurants and hit up various different businesses, all
(11:03):
sorts of code regulations.
Speaker 3 (11:05):
I don't know.
Speaker 2 (11:06):
He's gonna need a lot of help from Albany to
get much of this done. Get one of the lines
he said in his speech. We will prove that there
is no problem too large for government to solve, and
no concern too small for it to care about. That's
the type of stuff that scares the scares the crap.
Speaker 3 (11:29):
Out of me, really does.
Speaker 2 (11:31):
All right, let's let's go through some of the numbers
and why this was completely obvious to me. Oh watched
the watch results that I was like, no, I went
to bed. I was exhausted. I want to sit up
and watch these things. I know the end of the movie.
I've known the end of the movie since Liberation Day.
It's the magatypes out there again. You know who you
(11:53):
are that keep believing Trump's bullshit. You keep believing that
the economy is great. Oh, everything's going man, everybody's.
Speaker 3 (12:02):
Just thrilled with Trump. Oh look at Trump dancing out
there in Malaysia with the people they love them there.
Speaker 2 (12:08):
That's great. Okay, but do you think do you think
that people care back here in the United States?
Speaker 3 (12:17):
No, they don't.
Speaker 2 (12:19):
Once again, it's the economy, stupid. And then you know,
you get all these other little side things out there.
You know, it's not exactly the greatest look in the world. Okay,
you're you know, bedazzled white house there. It's like, I
don't know, you have some sort of seance with Liberachi
(12:43):
and have him decide they're gonna put gold everywhere and
now all you got to build this massive ballroom there.
Speaker 3 (12:49):
And you're touting that, you're talking about that.
Speaker 2 (12:51):
Do you think people who are struggling right now to
make rent, do you think they give a damn about
any of that crap? Oh? I know the folks on
the five like talking about it and the controversy that
surrounds it. They're they're talking to their base, the people
(13:12):
that watched their show, The Mind Number Robot books, the
same type of people that oh, look what they're saying
on the view. Look what they're saying. I'm MSNBC. Wake
the hell up, people for crying out loud. Use your brain.
Every single poll that's out there, fake news, fake pulls.
Speaker 3 (13:34):
No, they're not, No, they're not.
Speaker 2 (13:39):
Eventually, yesterday you had some of the MAGA influencers that
Benny Johnson's out there actually saying, oh, yeah, economy is
not doing too well. Voters prioritize the economy above immigration
and crime. Every single thing I'm looking at, he gets
(14:00):
got the talking of.
Speaker 3 (14:01):
Ah, that's a golden age in the economy. Jobs are booming,
Jobs are booming. Scunt Yeah.
Speaker 2 (14:08):
IBM just laid off three thousand Menas six hundred, Amat
fourteen hundred, Charter twelve hundred, Krowger thousand, Comcasts four hundred,
UPS forty eight thousand, Rivian six hundred, pay Com five hundred,
Oracle forty four hundred and fifty, Amazon thirty thousand, UPS
forty seven thousand, Sales Forts four thousand, Microsoft seven thousand,
Intel twenty four thousand.
Speaker 3 (14:29):
Shall I go on? Shall I go on?
Speaker 2 (14:32):
And we actually got Yeah, we actually got today, We
actually got today.
Speaker 3 (14:36):
The ADP report, Private.
Speaker 2 (14:39):
Payrolls, private private payrolls rose forty two thousand in October,
more than expected, more than expected, and again it was
down last month. Yeah, only big companies, only mid size
small businesses this country layoff Scalore. That's exactly what we
(15:04):
told you was going to happen. Here's an interesting poll
as well. I again, they actually showed this on Fox
this morning. I was shocked, actually showed this poll on Fox,
but they said, no, it's not probm's fault, it's Biden's fault.
People are saying that seventy one percent are saying they're
(15:26):
paying more for groceries now, the same twenty one percent,
less seven percent. Utilities people fifty nine percent. They're saying
they're paying more now. Healthcare people forty three percent are
paying more now. Housing, thirty nine percent are saying they're
paying more now, gas thirty seven percent are saying they're
paying more now. More facts, seventy five percent of young
(15:50):
people this is ages eighteen to thirty nine saying skyrocketing
housing costs is a major major isoe. As a matter
of fact, the age the age of first time US
home buyers is forty.
Speaker 3 (16:10):
Forty.
Speaker 2 (16:12):
The age of first time first time home buyers is
forty years old. Show I get into the manufacturing numbers
here in the country or some of the other internals
as well, trucking, shipping, freight waves, CEO.
Speaker 3 (16:36):
We should be worried.
Speaker 2 (16:37):
Certain portions of the goods economy are collapsing right now.
Year over year, trucking volumes is down seventeen percent. When
you look at the industrial sectors, we're down thirty percent
year over year, which is great financial crisis levels of concern.
(17:00):
You thought the elephants were gonna do well with these
numbers the border, and he shut down the border. People
are happy about that. But you know, I'm gonna be
honest with you. You have to walk and chew gum
at the same time.
Speaker 3 (17:18):
You do.
Speaker 2 (17:19):
You have to walk and chew gum at the same time, always,
every single one hundred and ten percent. The economy is
going to be the most important issue. Okay, you lost
the youth vote bigly, fifty eight percent. Fifty eight percent
(17:41):
of college grads within the last year don't have a job,
and you gaslight people and you send your people like
Scott Bessett out on television programs says, it's a great error.
Speaker 3 (17:56):
It's a fantastic economy. Now, Oh, you gotta wait. You
gotta wait till January.
Speaker 2 (18:00):
And then all of a sudden, boo, everything is gonna
be awesome again.
Speaker 3 (18:05):
Everything is gonna be great. What how, Oh, big beautiful bill,
What are.
Speaker 2 (18:14):
You talking about, big beautiful bill? All of the the
write off, all that stuff has been grandfathered in. Okay,
that's already taken effect. Man, what no tax on tips
is going to be a big boom to the economy.
Speaker 3 (18:29):
Is that that what you're telling us? No tax on tips?
You did that? That's that's what That's going to be
the big thing.
Speaker 2 (18:37):
There, No tax on overtime that's gonna make the economy boom.
Tax rates aren't changing, this ain't exactly where they are.
But what is going to happen? What?
Speaker 1 (18:49):
What?
Speaker 2 (18:49):
What magical thing is going to happen in January?
Speaker 3 (18:56):
I don't know, I don't I don't have a clue.
Speaker 2 (19:02):
Again, I know, I oh, like usual, I guarantee.
Speaker 3 (19:06):
I'll get some Uh, I don't even know. I have
to even listen. You're brushing Trump again.
Speaker 2 (19:11):
I'm telling you, you know what the reality is.
Speaker 3 (19:16):
Okay.
Speaker 2 (19:18):
I don't know what it is with some of you
people when you just don't like hearing the truth, you
run from it, you sprint from it. Why nobody's better
than Biden? Oh yeah, no, shit, Sherlock. And I'm sure
he'd be better than Kamala. But it doesn't matter, does it.
Speaker 3 (19:39):
It doesn't matter.
Speaker 2 (19:43):
Unless you get these things done, unless you bring costs down.
Biden fault rides away up. I can't do it overnight.
Let's say he could do it overnight. But what putting taxes,
more taxes on people, tariffs on people, that's gonna bring
their costs down? Oh? The other thing too, God, every
(20:07):
single time talking about how rich, how much money he's
bringing in. Wow, look at all this tariff revenue that
we're bringing into the government. Dude, we we keep going
further and further and further into debt.
Speaker 3 (20:20):
How is that helping anybody?
Speaker 2 (20:21):
Oh, we made these great investments in Intel and this
company and that company, and.
Speaker 3 (20:27):
How does that? How is that helping anybody?
Speaker 2 (20:30):
How's that helping a college kid that is not able
to find a job, or a recent college grant who's
taking a look at his rent payments like I can't
even get ahead here. We've talked about this all year,
financial nihilism. I told you that this was going to
come home to roost. You think it's bad, now, wait
(20:50):
on the midterms. Wait until the midterms, because that's what
they're going to run on. That's what they're gonna run on. Affordability. Hey,
we've laid out a myriad of different things here on
the program that you could done. You could do to
bring housing costs down. Got Ron de Santas and State
of Florida pushing ideas about eliminating property taxes for owner
(21:14):
occupied homes.
Speaker 3 (21:14):
There's a lot of things that could be done. You're
just not doing them. You're just not doing them.
Speaker 2 (21:24):
And you don't he said, you don't think that resonate
will probably You know why is Trump? He's traveling here, there,
and everywhere, and he's meeting this leader here. He's not
back here and there's a shutdown going on, and they
came on you are you're picturing yourself.
Speaker 3 (21:36):
Put yourself in.
Speaker 2 (21:37):
The shoes for crying out loud, maga. Put yourself in
the shoes of an air traffic controller. Air traffic controller
might have might have you know, gone out, saved up money,
just took out a mortgage on a home last year.
Now I've got a couple of kids, now all of
a sudden, it's not getting paid, not getting paid for.
Speaker 3 (22:02):
The work that they're doing.
Speaker 2 (22:04):
Do you think that air traffic bilge is a damn
about Trump dancing around on a tarmac with people from Malaysia?
Think they give a damn about the gilded ballroom that's
going in there at the White House.
Speaker 3 (22:20):
Dude, we're thirty eight trillion dollars in debt. Who would
the donors pay for the damn thing? That's the point
that that's the point.
Speaker 2 (22:29):
You should have told your donors that donate the money
to pay down the national debt for crying out. So
you need a stupid ballroom. We need it, Gotta have
it there. Make sure when we have give me a break.
You know, austerity is a good thing, especially when you're
thirty eight trillion dollars in the holl I on the
(22:50):
prize man, focus on what's most important, and that's the
American people, and the American people across the board and
every damn pull out there are ticked. Now outside of again,
got a certain class, and there's nothing wrong with that.
Many of my clients wealthy assets have done well. AI
(23:12):
stock market's done well, but that's not the same that's
not the same. Everyone has to be pulled along and
they're not, and they haven't been for some time. And
this is why these people won. They addressed that they've
talked about that. You talked about that when you were
on the campaign trail about Biden and inflation and the
(23:34):
cost of living. You haven't done anything, okay, And stop
with the big beautiful bill crap. All right, you extended
your tax cuts. That's fantastic. Okay, a lot more to do.
Stop travel all over the damn globe, okay, and get
(23:55):
the work done. Here reminded me.
Speaker 3 (24:00):
I think I mentioned that here on the program.
Speaker 2 (24:03):
The moment tell you the moment I knew that, ma'am
Donnie was gonna win. Moment I knew he was gonna win.
This was several months ago. They did a mayoral mayoral
debate in New York City with Democrats and wait, wait,
what country are you gonna visit first? Each and every
(24:27):
single person up there talked about I'm going to Jeruze,
I'm going to Israel, going to Jerusalem at the first
place I'm gonna visit. What did ma'am Donnie says? He
I'm going anywhere?
Speaker 3 (24:37):
I got work to do here in New York I said,
that's it. He won. Don't freaking doubt me.
Speaker 2 (24:48):
Watchdog 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, whoa.
Speaker 2 (00:17):
The elephant's gotten their ass kicked now, not the only
one that's saying he got the vak armswani as well
coming out. But it is funny to watch watch the
folks over at Fox News fall all over themselves trying
to come up with excuses. What's her name there the morning,
(00:38):
Gal Duffy. Yeah, husband is Transportation secretary.
Speaker 3 (00:43):
People just don't understand. They don't understand.
Speaker 2 (00:46):
He's just hasn't been an offense that long and it's
just his budget's not in place yet, right, sure thing,
Sure thing. There was a get by Chris Rock stand
up bit, and this was back he was talking about O. J.
(01:07):
Simpson and he goes off on this tangent talking about uh,
well his wife, well O J. Simpson's wife and screwing
around with the guy who's living at their house and
he's driving around his ferrari and.
Speaker 3 (01:21):
It was a comedy bit. Okay, don't get offended.
Speaker 2 (01:24):
He said, I'm not saying he's gonna killed her, but
I understand it. Well, if you don't understand, if you
don't understand why man Dommie one in New York and
why Democrats clean Republicans clocks will, then you know, quite frankly,
(01:45):
you know you can continue to drink, drink your your
Maga kool aid. Okay, you can continue to believe in
at the nonsense when they parade these fools out telling
you that everything is great in this country. Everything's awesome,
the economy is fantastic, and people are just happy and thrilled. Anyway,
(02:09):
but let's let's break it down, shall we. Okay, lots
of stories out there. Democrats start their comeback, a warning
for the GOP from New Jersey Virginia on affordability and
Trump's on popularity.
Speaker 3 (02:24):
That's another thing too.
Speaker 2 (02:26):
You take a look at the poll numbers as far
as Trump's popularity is concerned. It's not good. It's not good.
And we'll get into that as well. Democrats dent Trump's
coalition with three big election vigor threes. Mamdammy is a
gift which Trump should unwrap carefully. Uh huh uh huh again,
(02:52):
Mamdannie is doing the same thing that Trump did back
in twenty sixteen. That Trump did really well well back
in twenty sixteen, and also Bernie Sanders did really well
back in twenty sixteen. He spoke to the concerns of
voters talking about living standards. They're basic aspirations about getting
(03:20):
a good job, a decent job, being able to afford
a vacation, maybe a decent home to live in. The
reality is is that's a fantasy for much of the country.
Do you think anybody, for the most they think most
(03:41):
people give it, give a damn, give a damn about
stopping wars in you know, between Armenia? Would he as Erbaijan?
He said it was Albanian made him a stake one time.
Did you think do you think voters care about that
(04:05):
when they see the grocery prices to the roof they
can barely make the rent payments. Do you think they
give a shit about that?
Speaker 3 (04:15):
Do you?
Speaker 2 (04:16):
I mean, you can get up there and you can
pat yourself on the back all you want. James Carvel
once said, and this is back when he was Bill
Clinton's campaign manager, it's the economy stupid, and let's let's
(04:36):
be honest here, Okay, I told each and every one
of you out there that listen to this program, this
was going to happen. I told you this was going
to happen.
Speaker 3 (04:52):
We had you know, it went downhill.
Speaker 2 (04:56):
As soon as we hit a liberation day. There was
a powable an excitement here in this country.
Speaker 3 (05:06):
Consumer confidence was.
Speaker 2 (05:08):
People were excited, they were thrilled. And then he pulls
off this ridiculous liberation day, this tariff nonsense. They're quite frankly,
nobody still knows what's up. Nobody nobody knows up, down, sideways, backwards, forwards,
and let let's be honest when it comes to tariffs
(05:30):
as well. Big businesses are handling it. They're absorbing some
of the costs, they're passing some of the costs on
to their customers. Why because they can you know, who
can't small businesses. Small businesses are getting crushed by this.
(05:52):
This is just another form of regulatory capture. I explain
this to everyone here on the program, talk about the
rules and regulations and the financial service industry on Wall
Street and how it helps the big banks. It actually
allows for too big to fail to be the law
of the land because nobody can compete with those guys,
(06:13):
Regulatory costs are too high, and a myriad of other things.
What do you think that small businesses can keep up
with these tariffs and the on again, off again, not
knowing what's happening? Tell you something, Yeah again. I've got
small business clients all over the country. Interact with small
business all the time. I have an on the radio
(06:34):
show entitled work Time and Effort, same name of my book,
where I interview entrepreneurs and small business owners. I work
with one of the best accounting firms in the country
in my opinion, for individuals and small businesses providing services
to my clients. What you don't think, I know it's
(06:57):
going on with small businesses and how they feel about
these tariffs and Trump's policies. They getting crushed. They are
getting crushed.
Speaker 3 (07:10):
Anyway.
Speaker 2 (07:12):
Anyway, we'll get back into that here in a bit.
Ma'am Dommy, ma'am Dommy, my daughter calling me up today
asking all sorts of questions about what's happening with ma'am Dommy,
and you know, the New York and what's going to
happen with New York first and foremost. Okay, he promised
(07:37):
a lot of things promised a lot of things, many
of which he cannot do a declare and decree and
make them happen. I'm going to go through his proposals
with you right now and what he can do.
Speaker 3 (07:56):
He can certain things.
Speaker 2 (08:02):
Enforcement of housing codes depends on the mayor's authority over
city agencies, allowing directives to ramp up inspections, hold landlords
accountable for repairs, and deploy emergency repair programs.
Speaker 3 (08:15):
He can do that.
Speaker 2 (08:17):
He can accelerate city fleet electrification and mandating solar installations.
That comes to underneath his power to manage municipal operations.
Forcing sanctuary protections relies on the mayor's ability to issue
executive orders and reallocate resources. Enabling restrictions on ice access,
(08:41):
ending discretionary cooperation, Expanding legal aid, and tightening data privacy
now outside of his power. Freezing rent for stabilized tenants
depends on the independent Rent Guidelines Board, where the Mayor's
influences indirect and limited through appointments. Eliminiting bus farees citywide
(09:02):
requires MTA and state approval, as fair policy and funding
are outside mayoral control. Challenging con Edison's proposed utility rate
increases falls under the state Public Service Commission. Mayor cannot
set or block rates. In latterly, raising corporate or millionaire taxes,
(09:24):
revising property tax structures, and implementing universal childcare all require
Albany's approval. Implementing city owned grocery stores would need city
council legislation for program creation and budget support. Raising New
York City's wage Florida thirty dollars an hour is governed
by state law, leaving the mayor with only advocacy power. Okay, again,
(09:49):
he cannot declare an decree. He can't.
Speaker 3 (09:54):
Well, let's just put it this way.
Speaker 2 (09:55):
He can't make like President Trump and do an executive
order make these things happen. He can't. However, the politics
that are involved. Kathy Hulkeel is looking to run again
for governor in twenty twenty six. Now, Kathy Hochel is
facing a challenge from her lieutenant Governor, Antonio Delgado, who
(10:20):
is to the left of her. Now, if Hulkeel decides
to go left, she might then be able to defeat
del Gato. There's also Elsie Stelfinick that is a representative.
She's gonna be running. But again, I don't think she's
got a shot. I do want to remind everybody that
(10:42):
the top one percent of taxpayers contribute about forty percent
of the city's tax revenue. Again, I don't know how
he would raise money for many of these things. He could,
you know, send the various different you know, inspectors out
hit up restaurants and hit up various different businesses, all
(11:03):
sorts of code regulations.
Speaker 3 (11:05):
I don't know.
Speaker 2 (11:06):
He's gonna need a lot of help from Albany to
get much of this done. Get one of the lines
he said in his speech. We will prove that there
is no problem too large for government to solve, and
no concern too small for it to care about. That's
the type of stuff that scares the scares the crap.
Speaker 3 (11:29):
Out of me, really does.
Speaker 2 (11:31):
All right, let's let's go through some of the numbers
and why this was completely obvious to me. Oh watched
the watch results that I was like, no, I went
to bed. I was exhausted. I want to sit up
and watch these things. I know the end of the movie.
I've known the end of the movie since Liberation Day.
It's the magatypes out there again. You know who you
(11:53):
are that keep believing Trump's bullshit. You keep believing that
the economy is great. Oh, everything's going man, everybody's.
Speaker 3 (12:02):
Just thrilled with Trump. Oh look at Trump dancing out
there in Malaysia with the people they love them there.
Speaker 2 (12:08):
That's great. Okay, but do you think do you think
that people care back here in the United States?
Speaker 3 (12:17):
No, they don't.
Speaker 2 (12:19):
Once again, it's the economy, stupid. And then you know,
you get all these other little side things out there.
You know, it's not exactly the greatest look in the world. Okay,
you're you know, bedazzled white house there. It's like, I
don't know, you have some sort of seance with Liberachi
(12:43):
and have him decide they're gonna put gold everywhere and
now all you got to build this massive ballroom there.
Speaker 3 (12:49):
And you're touting that, you're talking about that.
Speaker 2 (12:51):
Do you think people who are struggling right now to
make rent, do you think they give a damn about
any of that crap? Oh? I know the folks on
the five like talking about it and the controversy that
surrounds it. They're they're talking to their base, the people
(13:12):
that watched their show, The Mind Number Robot books, the
same type of people that oh, look what they're saying
on the view. Look what they're saying. I'm MSNBC. Wake
the hell up, people for crying out loud. Use your brain.
Every single poll that's out there, fake news, fake pulls.
Speaker 3 (13:34):
No, they're not, No, they're not.
Speaker 2 (13:39):
Eventually, yesterday you had some of the MAGA influencers that
Benny Johnson's out there actually saying, oh, yeah, economy is
not doing too well. Voters prioritize the economy above immigration
and crime. Every single thing I'm looking at, he gets
(14:00):
got the talking of.
Speaker 3 (14:01):
Ah, that's a golden age in the economy. Jobs are booming,
Jobs are booming. Scunt Yeah.
Speaker 2 (14:08):
IBM just laid off three thousand Menas six hundred, Amat
fourteen hundred, Charter twelve hundred, Krowger thousand, Comcasts four hundred,
UPS forty eight thousand, Rivian six hundred, pay Com five hundred,
Oracle forty four hundred and fifty, Amazon thirty thousand, UPS
forty seven thousand, Sales Forts four thousand, Microsoft seven thousand,
Intel twenty four thousand.
Speaker 3 (14:29):
Shall I go on? Shall I go on?
Speaker 2 (14:32):
And we actually got Yeah, we actually got today, We
actually got today.
Speaker 3 (14:36):
The ADP report, Private.
Speaker 2 (14:39):
Payrolls, private private payrolls rose forty two thousand in October,
more than expected, more than expected, and again it was
down last month. Yeah, only big companies, only mid size
small businesses this country layoff Scalore. That's exactly what we
(15:04):
told you was going to happen. Here's an interesting poll
as well. I again, they actually showed this on Fox
this morning. I was shocked, actually showed this poll on Fox,
but they said, no, it's not probm's fault, it's Biden's fault.
People are saying that seventy one percent are saying they're
(15:26):
paying more for groceries now, the same twenty one percent,
less seven percent. Utilities people fifty nine percent. They're saying
they're paying more now. Healthcare people forty three percent are
paying more now. Housing, thirty nine percent are saying they're
paying more now, gas thirty seven percent are saying they're
paying more now. More facts, seventy five percent of young
(15:50):
people this is ages eighteen to thirty nine saying skyrocketing
housing costs is a major major isoe. As a matter
of fact, the age the age of first time US
home buyers is forty.
Speaker 3 (16:10):
Forty.
Speaker 2 (16:12):
The age of first time first time home buyers is
forty years old. Show I get into the manufacturing numbers
here in the country or some of the other internals
as well, trucking, shipping, freight waves, CEO.
Speaker 3 (16:36):
We should be worried.
Speaker 2 (16:37):
Certain portions of the goods economy are collapsing right now.
Year over year, trucking volumes is down seventeen percent. When
you look at the industrial sectors, we're down thirty percent
year over year, which is great financial crisis levels of concern.
(17:00):
You thought the elephants were gonna do well with these
numbers the border, and he shut down the border. People
are happy about that. But you know, I'm gonna be
honest with you. You have to walk and chew gum
at the same time.
Speaker 3 (17:18):
You do.
Speaker 2 (17:19):
You have to walk and chew gum at the same time, always,
every single one hundred and ten percent. The economy is
going to be the most important issue. Okay, you lost
the youth vote bigly, fifty eight percent. Fifty eight percent
(17:41):
of college grads within the last year don't have a job,
and you gaslight people and you send your people like
Scott Bessett out on television programs says, it's a great error.
Speaker 3 (17:56):
It's a fantastic economy. Now, Oh, you gotta wait. You
gotta wait till January.
Speaker 2 (18:00):
And then all of a sudden, boo, everything is gonna
be awesome again.
Speaker 3 (18:05):
Everything is gonna be great. What how, Oh, big beautiful bill,
What are.
Speaker 2 (18:14):
You talking about, big beautiful bill? All of the the
write off, all that stuff has been grandfathered in. Okay,
that's already taken effect. Man, what no tax on tips
is going to be a big boom to the economy.
Speaker 3 (18:29):
Is that that what you're telling us? No tax on tips?
You did that? That's that's what That's going to be
the big thing.
Speaker 2 (18:37):
There, No tax on overtime that's gonna make the economy boom.
Tax rates aren't changing, this ain't exactly where they are.
But what is going to happen? What?
Speaker 1 (18:49):
What?
Speaker 2 (18:49):
What magical thing is going to happen in January?
Speaker 3 (18:56):
I don't know, I don't I don't have a clue.
Speaker 2 (19:02):
Again, I know, I oh, like usual, I guarantee.
Speaker 3 (19:06):
I'll get some Uh, I don't even know. I have
to even listen. You're brushing Trump again.
Speaker 2 (19:11):
I'm telling you, you know what the reality is.
Speaker 3 (19:16):
Okay.
Speaker 2 (19:18):
I don't know what it is with some of you
people when you just don't like hearing the truth, you
run from it, you sprint from it. Why nobody's better
than Biden? Oh yeah, no, shit, Sherlock. And I'm sure
he'd be better than Kamala. But it doesn't matter, does it.
Speaker 3 (19:39):
It doesn't matter.
Speaker 2 (19:43):
Unless you get these things done, unless you bring costs down.
Biden fault rides away up. I can't do it overnight.
Let's say he could do it overnight. But what putting taxes,
more taxes on people, tariffs on people, that's gonna bring
their costs down? Oh? The other thing too, God, every
(20:07):
single time talking about how rich, how much money he's
bringing in. Wow, look at all this tariff revenue that
we're bringing into the government. Dude, we we keep going
further and further and further into debt.
Speaker 3 (20:20):
How is that helping anybody?
Speaker 2 (20:21):
Oh, we made these great investments in Intel and this
company and that company, and.
Speaker 3 (20:27):
How does that? How is that helping anybody?
Speaker 2 (20:30):
How's that helping a college kid that is not able
to find a job, or a recent college grant who's
taking a look at his rent payments like I can't
even get ahead here. We've talked about this all year,
financial nihilism. I told you that this was going to
come home to roost. You think it's bad, now, wait
(20:50):
on the midterms. Wait until the midterms, because that's what
they're going to run on. That's what they're gonna run on. Affordability. Hey,
we've laid out a myriad of different things here on
the program that you could done. You could do to
bring housing costs down. Got Ron de Santas and State
of Florida pushing ideas about eliminating property taxes for owner
(21:14):
occupied homes.
Speaker 3 (21:14):
There's a lot of things that could be done. You're
just not doing them. You're just not doing them.
Speaker 2 (21:24):
And you don't he said, you don't think that resonate
will probably You know why is Trump? He's traveling here, there,
and everywhere, and he's meeting this leader here. He's not
back here and there's a shutdown going on, and they
came on you are you're picturing yourself.
Speaker 3 (21:36):
Put yourself in.
Speaker 2 (21:37):
The shoes for crying out loud, maga. Put yourself in
the shoes of an air traffic controller. Air traffic controller
might have might have you know, gone out, saved up money,
just took out a mortgage on a home last year.
Now I've got a couple of kids, now all of
a sudden, it's not getting paid, not getting paid for.
Speaker 3 (22:02):
The work that they're doing.
Speaker 2 (22:04):
Do you think that air traffic bilge is a damn
about Trump dancing around on a tarmac with people from Malaysia?
Think they give a damn about the gilded ballroom that's
going in there at the White House.
Speaker 3 (22:20):
Dude, we're thirty eight trillion dollars in debt. Who would
the donors pay for the damn thing? That's the point
that that's the point.
Speaker 2 (22:29):
You should have told your donors that donate the money
to pay down the national debt for crying out. So
you need a stupid ballroom. We need it, Gotta have
it there. Make sure when we have give me a break.
You know, austerity is a good thing, especially when you're
thirty eight trillion dollars in the holl I on the
(22:50):
prize man, focus on what's most important, and that's the
American people, and the American people across the board and
every damn pull out there are ticked. Now outside of again,
got a certain class, and there's nothing wrong with that.
Many of my clients wealthy assets have done well. AI
(23:12):
stock market's done well, but that's not the same that's
not the same. Everyone has to be pulled along and
they're not, and they haven't been for some time. And
this is why these people won. They addressed that they've
talked about that. You talked about that when you were
on the campaign trail about Biden and inflation and the
(23:34):
cost of living. You haven't done anything, okay, And stop
with the big beautiful bill crap. All right, you extended
your tax cuts. That's fantastic. Okay, a lot more to do.
Stop travel all over the damn globe, okay, and get
(23:55):
the work done. Here reminded me.
Speaker 3 (24:00):
I think I mentioned that here on the program.
Speaker 2 (24:03):
The moment tell you the moment I knew that, ma'am
Donnie was gonna win. Moment I knew he was gonna win.
This was several months ago. They did a mayoral mayoral
debate in New York City with Democrats and wait, wait,
what country are you gonna visit first? Each and every
(24:27):
single person up there talked about I'm going to Jeruze,
I'm going to Israel, going to Jerusalem at the first
place I'm gonna visit. What did ma'am Donnie says? He
I'm going anywhere?
Speaker 3 (24:37):
I got work to do here in New York I said,
that's it. He won. Don't freaking doubt me.
Speaker 2 (24:48):
Watchdog on Wall Street dot Com
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