Mayor Pete Caught Red-Handed Lying About This!

Mayor Pete Caught Red-Handed Lying About This! 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):
In Competence and Fairness, I last week it was it
was a ce I told you so, a moment we
told you that the jobs numbers for some time have
been a fugazy And it was interesting. It was at
the Democratic National Convention and they kind of hushed up,

(00:36):
but one reporter did ask the Secretary of Commerce, Gail
Ria Munda, what her thoughts were, and her initial reaction
is why all believe numbers that come from Donald Trump?
He doesn't tell the truth. And the reporters like, this
is from your labor department, and she's like, I don't

(01:00):
know anything about that. And again, anybody was paying attention
obviously saw that she's obviously incompetent as hell. But yeah,
it goes without saying, and the amount of emails and
obviously it bounced around over over social media and many

(01:21):
people shocked by this. What are you shocked by in
competence in government? You're shocked by that? The story that
came out a couple of days ago that the Navy,
Navy has to well they have to put seventeen ships.

(01:43):
They can't put seventeen ships out to sea. And the
original story was we couldn't staff them. And I'm saying
to myself, really, that can't be right. We don't have
enough members of the United States Navy. We don't have
enough sailors to fill ships. And as I turned out, yeah,

(02:05):
that it wasn't true. We do have enough. We don't
have enough merchant marines to staff the support ships for
these naval vessels. And whose responsibility is that, Oh, that
would be mayor Pete. Now we can transit doesn't matter
what administration. And we go back to Hurricane Katrina there,

(02:30):
remember Brownie, you're doing a hell of a job there
with FEMA again. What was what was Brownie's crensuals? I
don't know. He ran like horse shows or something like
that before he got the job. Anyway, this shouldn't surprise
anyone at all. We live in a world that quite fair,

(02:55):
and it's not just government, it's it's not fair. It's
not fair, and I would I would recommend that you know,
all you parents out there. You address this with your
children if they you think you're living in a world
that's that's fair, crazy and quite frankly, nor should you

(03:21):
expect it to be fair, and nor will it ever
become fair. I've been around for, like I said, a while,
and I watched incompetence on many of them levels, and
I admit when I was younger, When I was younger,
it used to really piss me off. It did because

(03:45):
I remember almost when I first got started, I was
almost second guessing myself. I had you having a boss
that was an absolute moron, you know, watching people and
I've told the story before being in meeting were get
these Ivy League wizards of Smart coming in charge of
the retail analytic department of Goldman Sachs. And these people

(04:09):
didn't even understand how Walmart worked, but didn't matter. They
had the right degrees, they collected the right merit badges,
and obviously they had the right connections to get them
those positions. Was it fair?

Speaker 1 (04:24):
No?

Speaker 2 (04:24):
But who cares? Who cares? Such is life? And we've
seen this, seen this with executives and companies and how
they go about getting their job. I remember watching watching
Carly Fiorina, Carly Fiorina, who magic, I don't know. We

(04:46):
worked her way up to Loosen, all the way up
to the UH the corporate ladder at Lucient, she ran
some sort of funky accounting scam there where they were
lending money to their lending money to their clients, but
the money coming back in that they had lent they
were counting as revenue, and it was just it was

(05:07):
a mess. And eventually, you know, we all knew what
happened with Lucien. Then she goes over to Hewlett Packard
and I remember she's like, yeah, we're taking over Compact
and I'm like, why would you do that? The Compact computer.
Even at that point in time, Compact computers were bought
at costco's for crying out loud stupid And again she

(05:30):
ended up getting you know, thrown out the door as well.
And Marissa Meyers another one that comes to mind, you know,
from Yahoo and what she did and drove that thing
into the ground. And she was touted as one of
the greatest business minds out there until she wasn't. And
we can go down the list of incompetent CEOs and

(05:54):
people did things that again made me want to pull
my hair out over the years. Is it fair that
they got these positions? No, but it's it's life people.
I was reminded. I was thinking about the fairness aspect.
There was Louis c k when he had his television show.

(06:17):
He had this entire bit that he did with his
daughters and his daughter getting really upset because her sister
got a mango pop and she'd in get one, and
she's like, it's not fair. It's not fair, and he's like,
I don't even know what that means, not fair, and
he was like, you know, well, you know she's lucky

(06:39):
right now. You're not so lucky. Maybe you'll be lucky
in the future. And he explains to his daughter she's
really upset that basically, you should only be concerned that,
you know, when you're looking into somebody else's bowl, that
they have enough, not be concerned with whether or not
that you have as much as they do. And again,

(07:04):
this gets people off track and life, it really does.
Trying to chase this this this fairness, uh, don't genie,
whatever you want to call it, this is goal. You
gotta have fairness out there. It's just it doesn't work
that way. We live in a world again where again

(07:28):
you find various different ways of getting yourself into different positions.
Might they be known? No, But if you get yourself
caught up and all of that, well, then guess what,
You're not going to be productive. You're gonna you know,
you're gonna basically you're gonna harbor ill will. You're going

(07:52):
to have all this pent up negativity when you just
have to let things go. You have to let things so,
of course, nothing wrong with pointing it out. That's what
we do here on the program. We all know why
mayor Pete got the job as the transportation secretary. We
all know why. You can take a look at you know,

(08:14):
most embassies around the globe. Why there all of a
sudden become an ambassador. Well, you managed to be grow
up in the right family, who donated the right amount
of money to the right person. Is it fair now? No,
But but don't let the lack of fairness keep you
from from going out and achieving all that you want

(08:37):
to achieve in life. And yeah, might sometimes the unfair
world work against you where you might have to work
a little bit harder or do a little bit more. Sure, Sure,
that's okay, that's Okay, guess what you know, you'll recognize that,
and you'll you'll laugh about it later on down the road.

(09:00):
Do we have a lot of incompetence out there? Yes
we do. Is it unfair? Sure? But so what? Watch
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