October 17, 2025 • 10 mins
LISTEN and SUBSCRIBE on:
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
The Big Apple’s losing its bite. In this fiery WDOWS episode, the New York City mayoral debate turns into a circus — with Curtis Sliwa, Andrew Cuomo, and the self-proclaimed Marxist candidate promising free buses, free groceries, and no prosecution for misdemeanors. Meanwhile, crime runs wild, businesses flee, and taxpayers get squeezed dry. Chris breaks down why NYC’s decline isn’t just political—it’s a warning for every major city chasing “free stuff” at the cost of common sense.
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
The Big Apple’s losing its bite. In this fiery WDOWS episode, the New York City mayoral debate turns into a circus — with Curtis Sliwa, Andrew Cuomo, and the self-proclaimed Marxist candidate promising free buses, free groceries, and no prosecution for misdemeanors. Meanwhile, crime runs wild, businesses flee, and taxpayers get squeezed dry. Chris breaks down why NYC’s decline isn’t just political—it’s a warning for every major city chasing “free stuff” at the cost of common sense.
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 that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
We have ourselves mayoral drama. Yeah, all eyes on the
New York City mayoral debate. We got Curtis Slieba, we
got Andrew Cuomo and everyone's favorite Marxist meme, Dommy Come
on down anyway, New York City. Yesterday, another guy looking
(00:42):
to go to work painter slashed on the subway. He
was slashed on the subway by a guy who just
slashed someone about a month ago, and the judge said,
now we're going to let this guy go. My wife
(01:04):
got a little upset with me because I'm watching stuff
and I said I could care less. Again, She's like,
how did you say such a thing? My wife grew
up in New York City, Washington Heights Upper, and I've
lived in Manhattan except I lived there when Giuliani was
in charge. Anyway, neither neither here nor there. You know,
(01:30):
sometimes sometimes place is gonna have to hit rock bottom.
One would have thought that after Deblasio and what he
did to the city, people would learn obviously, you know
that's not the case. People are and you know, looking
for free things. Manami comes out free bus rids, government
(01:54):
grocery stores, is gonna make the rent, going to make it,
to make it affordable. We're gonna stick it to rich people.
I honestly, I don't care. I don't care. Do you
understand again, I'm sorry, I'm sorry. You have choices. Okay,
in life he wants to We're not gonna They're not
(02:19):
gonna prosecute misdemeanors anymore. Did you understand what that means? Okay,
no more misdemeanors and not going to prosecute misdemeanors. So basically,
and they've already been interviewing Okay, uh, the various different
shoplifting crews that are out there in New York City.
Stealing under one thousand dollars is a misdemeanor, meaning that
(02:44):
thieves could hit store after store after store all day long, nothing, nothing,
talking to cops. Cops, Why am I getting bothered? Well?
What why? May? Why bother arresting people were just going
to get sued for arrests that are not going to
(03:06):
stick anyway, and business owners, well, this is going to
destroy our store as well. I'm sorry, I am, I'm
really sorry, but you know, you let the Libs run
the place. This is what's going to happen. Okay, you
(03:27):
let the park Slope crowd the whole Brooklyn crew you
want to let I don't know what to tell you.
I really don't. Again he mentioned mentioned raising taxes. I
was with Fox and it wasn't really and it wasn't
(03:48):
handled really well in the sense that was Martha McCallum.
People were paying fifty percent, and he was like, well,
I think millionaires can pay two percent more. Billionaires are
not paying fifty percent in New York City? Are you crazy?
There's way more than that. You got federal, you've got
(04:13):
state and now city and he wants to raise that
as well. I always talk about taxes in terms of
time rather than percentages, And you know that's how the
question should be asked. Is how much, how many how
many days, how many weeks, how many months out of
(04:35):
the year should any American be expected to give to
the government? How much can they keep I suggest this
all the time you're talking with you know, your your
liberal friends out there. Just ask them how what do
I get to keep? When? At what point in time
(04:56):
in the year do I get to keep what I'm
working for? What? What? What is fair? There? Explain that to me,
and again they won't be able to answer it. I have,
I haven't been able to present that question at any
liberal auto. They can't give you an answer. They can't,
(05:16):
they won't. They'll talk around it, or they'll walk away.
And we pay more as a percentage than the the
the Jews did to the Pharaohs. You don't believe me.
Look it up. Yeah, and anybody want to go back
(05:38):
to the King of England with the stamp tax and
the uh, you know, the t tax and all that stuff.
I think we could probably negotiate some representation much better
deal we have now. When's it gonna be enough? How
much we're already thirty seven trillion dollars in debt? And
(05:59):
again they want to give away more stuff. Some places
just need to fail, Some places just need I need
to collapse, and we don't need bailouts. We don't. It's again,
(06:20):
I'm sorry. You know, I used to live in New York,
and I lived in New York when it was great.
In my opinions, Point is probably the most one of
the most overrated places in the entire planet. No zero,
I was just there. It was just there Midtown Manhattan
hotel and a cup of coffee in the morning ten bucks.
Uh huh. It's not interested. Not actually some people it's
(06:46):
great there. But you know that's you, you know. But again,
let this guy win. See what happens. It's all over
the country. The stupidity knows no bounds. And again you
get the government you just serve. You get the I mean,
people vote for this stuff. In Chicago, we put this
(07:08):
in the perspective in Chicago, the mayor, Brandon Johnson is
this is a new tax they want to put on businesses,
a head tax. That's right, All companies employing one hundred
plus people in Chicago are going to have to pay
a twenty one dollars per employee a month simply for
(07:34):
having employees. No, no, no, no, I'm making this up. Simply
for just having employee, which to me is one of
the greatest services you can have in the entire world,
is having a business and providing people a job so
they can feed their families and the sort of them.
(07:55):
What government feels that Oh no, we got to have
our take a punishment for hiring people. Okay, we're now
gonna hop on a flight. We're gonna head down to
the sunny east state of Florida, where quite frankly, the
(08:16):
greatest governor ever. Okay, exist that and again he's he's
turned out. I mentioned this during the presidential race. At
the end, he was my opinion, he was the best
guy out there. But you know, I knew I was
moving to Florida, and I knew what type of talent
he was, and I said, you know, I wanted him
(08:37):
selfish reasons to finish the job. Down here in the
state of Florida. Florida has retired fifty percent of its
total debt from the last one hundred and eighty years.
Since Ron DeSantis has taken office. We have the lowest
per capita debt in the United States. Down here. He
(09:02):
comes out and he makes common sense statements. Are talking
about all these data centers that are going up everywhere.
He's like, uh no, no, we're not putting data centers
here if it's going to raise electricity prices for our citizens.
Cracked a joke yesterday about, uh now, we're not going
to have higher electricity prices for AI porn and I'm
(09:23):
paraphrasing what he put out again. You choose it, okay,
and I get people it again. It's it's almost like
the lie becomes the truth, being people believing in their
minds the greatest place ever. Okay, stay there, SA, do
(09:43):
me favorite. Stop stop bitching and complaining about all the
issues you have. Okay. These are the people you live around,
These are your neighbors. This is what they want. Pay pay.
I'm not going to 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 that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
We have ourselves mayoral drama. Yeah, all eyes on the
New York City mayoral debate. We got Curtis Slieba, we
got Andrew Cuomo and everyone's favorite Marxist meme, Dommy Come
on down anyway, New York City. Yesterday, another guy looking
(00:42):
to go to work painter slashed on the subway. He
was slashed on the subway by a guy who just
slashed someone about a month ago, and the judge said,
now we're going to let this guy go. My wife
(01:04):
got a little upset with me because I'm watching stuff
and I said I could care less. Again, She's like,
how did you say such a thing? My wife grew
up in New York City, Washington Heights Upper, and I've
lived in Manhattan except I lived there when Giuliani was
in charge. Anyway, neither neither here nor there. You know,
(01:30):
sometimes sometimes place is gonna have to hit rock bottom.
One would have thought that after Deblasio and what he
did to the city, people would learn obviously, you know
that's not the case. People are and you know, looking
for free things. Manami comes out free bus rids, government
(01:54):
grocery stores, is gonna make the rent, going to make it,
to make it affordable. We're gonna stick it to rich people.
I honestly, I don't care. I don't care. Do you
understand again, I'm sorry, I'm sorry. You have choices. Okay,
in life he wants to We're not gonna They're not
(02:19):
gonna prosecute misdemeanors anymore. Did you understand what that means? Okay,
no more misdemeanors and not going to prosecute misdemeanors. So basically,
and they've already been interviewing Okay, uh, the various different
shoplifting crews that are out there in New York City.
Stealing under one thousand dollars is a misdemeanor, meaning that
(02:44):
thieves could hit store after store after store all day long, nothing, nothing,
talking to cops. Cops, Why am I getting bothered? Well?
What why? May? Why bother arresting people were just going
to get sued for arrests that are not going to
(03:06):
stick anyway, and business owners, well, this is going to
destroy our store as well. I'm sorry, I am, I'm
really sorry, but you know, you let the Libs run
the place. This is what's going to happen. Okay, you
(03:27):
let the park Slope crowd the whole Brooklyn crew you
want to let I don't know what to tell you.
I really don't. Again he mentioned mentioned raising taxes. I
was with Fox and it wasn't really and it wasn't
(03:48):
handled really well in the sense that was Martha McCallum.
People were paying fifty percent, and he was like, well,
I think millionaires can pay two percent more. Billionaires are
not paying fifty percent in New York City? Are you crazy?
There's way more than that. You got federal, you've got
(04:13):
state and now city and he wants to raise that
as well. I always talk about taxes in terms of
time rather than percentages, And you know that's how the
question should be asked. Is how much, how many how
many days, how many weeks, how many months out of
(04:35):
the year should any American be expected to give to
the government? How much can they keep I suggest this
all the time you're talking with you know, your your
liberal friends out there. Just ask them how what do
I get to keep? When? At what point in time
(04:56):
in the year do I get to keep what I'm
working for? What? What? What is fair? There? Explain that to me,
and again they won't be able to answer it. I have,
I haven't been able to present that question at any
liberal auto. They can't give you an answer. They can't,
(05:16):
they won't. They'll talk around it, or they'll walk away.
And we pay more as a percentage than the the
the Jews did to the Pharaohs. You don't believe me.
Look it up. Yeah, and anybody want to go back
(05:38):
to the King of England with the stamp tax and
the uh, you know, the t tax and all that stuff.
I think we could probably negotiate some representation much better
deal we have now. When's it gonna be enough? How
much we're already thirty seven trillion dollars in debt? And
(05:59):
again they want to give away more stuff. Some places
just need to fail, Some places just need I need
to collapse, and we don't need bailouts. We don't. It's again,
(06:20):
I'm sorry. You know, I used to live in New York,
and I lived in New York when it was great.
In my opinions, Point is probably the most one of
the most overrated places in the entire planet. No zero,
I was just there. It was just there Midtown Manhattan
hotel and a cup of coffee in the morning ten bucks.
Uh huh. It's not interested. Not actually some people it's
(06:46):
great there. But you know that's you, you know. But again,
let this guy win. See what happens. It's all over
the country. The stupidity knows no bounds. And again you
get the government you just serve. You get the I mean,
people vote for this stuff. In Chicago, we put this
(07:08):
in the perspective in Chicago, the mayor, Brandon Johnson is
this is a new tax they want to put on businesses,
a head tax. That's right, All companies employing one hundred
plus people in Chicago are going to have to pay
a twenty one dollars per employee a month simply for
(07:34):
having employees. No, no, no, no, I'm making this up. Simply
for just having employee, which to me is one of
the greatest services you can have in the entire world,
is having a business and providing people a job so
they can feed their families and the sort of them.
(07:55):
What government feels that Oh no, we got to have
our take a punishment for hiring people. Okay, we're now
gonna hop on a flight. We're gonna head down to
the sunny east state of Florida, where quite frankly, the
(08:16):
greatest governor ever. Okay, exist that and again he's he's
turned out. I mentioned this during the presidential race. At
the end, he was my opinion, he was the best
guy out there. But you know, I knew I was
moving to Florida, and I knew what type of talent
he was, and I said, you know, I wanted him
(08:37):
selfish reasons to finish the job. Down here in the
state of Florida. Florida has retired fifty percent of its
total debt from the last one hundred and eighty years.
Since Ron DeSantis has taken office. We have the lowest
per capita debt in the United States. Down here. He
(09:02):
comes out and he makes common sense statements. Are talking
about all these data centers that are going up everywhere.
He's like, uh no, no, we're not putting data centers
here if it's going to raise electricity prices for our citizens.
Cracked a joke yesterday about, uh now, we're not going
to have higher electricity prices for AI porn and I'm
(09:23):
paraphrasing what he put out again. You choose it, okay,
and I get people it again. It's it's almost like
the lie becomes the truth, being people believing in their
minds the greatest place ever. Okay, stay there, SA, do
(09:43):
me favorite. Stop stop bitching and complaining about all the
issues you have. Okay. These are the people you live around,
These are your neighbors. This is what they want. Pay pay.
I'm not going to watchdog on Wall Street dot com
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