May 5, 2025 • 8 mins
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Chris breaks down Trump’s Meet the Press interview with Kristen Welker. From tariff claims to Canada trade myths, get the truth behind Trump’s economic narrative, his neo-Marxist doll comments, and Medicaid fraud plans. Are small businesses doomed? www.watchdogonwallstreet.com
Apple Podcasts:https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
Watch on: https://www.youtube.com/@WatchdogOnWallstreet/featured
Chris breaks down Trump’s Meet the Press interview with Kristen Welker. From tariff claims to Canada trade myths, get the truth behind Trump’s economic narrative, his neo-Marxist doll comments, and Medicaid fraud plans. Are small businesses doomed? www.watchdogonwallstreet.com
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.
Speaker 2 (00:16):
All right, Meet the Trump. I didn't realize Meet.
Speaker 3 (00:19):
The Press's longest running television program out there. I mean
I used to be a regular. I was a regular
Sunday morning viewing for me when especially when Tim Russer
hosts the show. I don't really watch it much. I
get clips here and there. It is what it is.
But Trump Trump being interviewed by Welker yesterday. I tuned
(00:40):
in and we're gonna go over his interview. Did find
it funny. And again, you know, left wing media will
take certain things and they will put up videos and say, oh,
look at Trump being a fool. And come on, all right,
you know all the good things about the economy right
now or due to Trump.
Speaker 2 (01:00):
All the bad things are do to Biden. It's Trump
being Trump.
Speaker 3 (01:04):
Okay, nothing really to get bent out of shape about.
Speaker 2 (01:10):
Talking about Terris s cut again.
Speaker 3 (01:11):
He keeps talking about losing five billion dollars a day
to China. How are you losing Again, this doesn't make
any sense to me, because we were buying more than
five billion dollars a day. I guess that's what he's
saying in stuff, that we're losing money to them. I
(01:33):
didn't lose money when I went out and I bought something.
I exchanged money for something that I wanted, whether it
be an item or whether it be a service. And
you know, not to mention the fact that what happens
is China turns around and essentially essentially lends that money
(01:55):
back to us by buying our debt. So again, that's
just how it goes. He's portraying it as losing money
to China. And he kept talking about how tariffs are
going to make us rich. Tariffs are going to make
us rich again that that statement doesn't make quieting.
Speaker 2 (02:15):
It doesn't make any sense simply because if you can't
have it both ways. I've explained this before.
Speaker 3 (02:24):
If tariffs are going to make us rich, well, then okay,
we don't want to bring back manufacturing to the United
States and bring jobs back to the United States because
then we lose out on those tariffs.
Speaker 2 (02:36):
It's either one or the other. He did.
Speaker 3 (02:41):
He did mention though he's talking about China, and Welker
kind of pushed him, and he said point blank that
he didn't he didn't like what's taking place in China
right now, the fact that people are getting laid off
and factories are getting shut down. And he also said
that the tariffs are not going to remain at those
heights because then we'll never do business with good. Okay,
(03:02):
that's a positive statement coming out of this thing. That again,
it bothered me. It was neo Marxist. That's how I'm
describing what Donald Trump said when he gave his little
talk about dolls, and he talked about how girls don't
need thirty six dollars, they can survive on three or
(03:26):
four or five or whatever it may be. And then
he said something about pencils. Kids don't need two hundred
and fifty pencils, they could have five. That is very
much a I'm gonna call it neo Marxist type of thought.
But anyway, neither here nor there, We'll move on. Oh,
(03:46):
small businesses getting hurt. He changed the subject very quickly
when Welker asked him that idea, and he, you know,
basically said, you know, he went to autos, and he
started talking about Sean and how the United Auto Workers
loves him now and how it's great for the auto
industry these tariffs and they're they're thrilled about it. So
(04:08):
he didn't really get into small businesses. He says it's
not going to matter because small businesses are going to
get rich.
Speaker 2 (04:17):
Okay, okay.
Speaker 3 (04:19):
And then he said they're not going to need well,
he said, they're not going to need relief because they're
going to get rich.
Speaker 2 (04:23):
Okay. Oh.
Speaker 3 (04:26):
Then the investments talked about the nine trillion dollars in
investments that are coming into the country. Again, I've said
this before. I'll believe it when I you know, when
I actually see it. I've always believed that companies will
promise the sun, the moon, the stars, do whatever it
takes to get what they want. They want to, you know,
(04:46):
cozy up to presidents, politicians anywhere. The old pull out
the golden shovel and dig a hole in the ground.
Politicians love showing up at things.
Speaker 2 (04:56):
This would be.
Speaker 3 (04:56):
Great, be great if we get start seeing so uh
some headway on this nine trillion dollars investments, that would
be fantastic. Interest rates, interest rates, he said, no, he's
not gonna get rid of J. Powell, called him a stiff,
called J. Powell stiff and told him that rates need
(05:17):
to come down, and said that they're behind the eight ball.
But he's not going to remove him because he gets
to replace him next year.
Speaker 2 (05:25):
Welker played a bit of.
Speaker 3 (05:28):
And again, this's got a lot of play, a lot
of playing, a lot of publications, Wall Street Journal, you
name it. You know, Donald Trump not gonna, you know,
not gonna uphold the constitution. Now you had to listen
to the interview. Okay, you had to listen to the interview.
He basically said that, you know, I'm not a lawyer,
I'm not a constitutional scholar. I'm leaving again, I'm paraphrasing.
(05:51):
He's basically leaving it up to his lawyers and what
they have to say and have it work its way
through the system.
Speaker 2 (05:59):
They did.
Speaker 3 (06:00):
He was a bit of immigration gotcha, and again the
media basically took the ball and ran with that, uh
in a way that they probably shouldn't have.
Speaker 2 (06:08):
Well, they definitely shouldn't have. He mentioned that U shil.
Speaker 3 (06:12):
Welker asked him about, you know, do you believe you
have the people have the right to criticize you, and
he said absolutely. You know, the irony is later on
in that that you know that very evening, Uh, he
had a couple of people criticize him on Fox News
and how to take to the truth. Social went after
Howard Kurtz and went after Carl Roves and Carl Howard
(06:35):
Kurtz needs to needs to retire. He's getting too old
for the position he's bringing on these MSNBC people and
talking to them. And you know, again Carl Rove, big loser,
doesn't know anything anyway, did say no third term.
Speaker 2 (06:51):
Okay?
Speaker 3 (06:52):
With that to rest, he did talk about Ukraine slightly
and how you know, he's sick and tired at seeing
on satellites that you know, thousands and thousands of people
dying every single week, and he wants to save lives
on both the Russian side and the Ukrainian side. Again,
you know, it was a compassionate statement, without a doubt,
(07:13):
and it's something that I happened to agree with.
Speaker 2 (07:17):
They did bring up the Canada.
Speaker 3 (07:19):
Welker had to go there about you know, invading Canada,
and Donald Trump talked about this line that goes across
the h goes across our continent, that separates the two countries,
and talked about we don't need anything from Canada. We
don't need energy, we don't need lumber. They sell all
of our stuff to us.
Speaker 2 (07:38):
We don't need it. We can just do it here.
Speaker 3 (07:40):
Then it would be great if they were a state,
it would be fantastic, and we defend them. But he's
not going to invade Canada, said Greenland. He's not taking
anything off the table. Medicaid fraud and abuse. Talked briefly
about that and cleaning up dedicade. We'll see what congressional
(08:03):
Republicans are.
Speaker 2 (08:03):
Going to do. Again, it was Trump being Trump interview.
Speaker 3 (08:08):
I think that a lot of the criticism and again
we're equal opportunity bashers here on the program. There's much
that you know, I didn't agree with you, and I'm
going to point that out, but again stuff I did
agree with. Like I just pointed out, the issue is
is how you know they take the various different clips
and they run with them. And that's always part for
(08:28):
the course, and this is one of the reasons why
people sometimes you know, clips are okay, but sometimes you
have to see the entire context in the way the
question is presented. What the lead up was the question
because things can be twisted very easily. All in all,
all in all, you know it was again it was
a Trump interview and wasn't nearly as bad as everybody
(08:50):
was making it out to be.
Speaker 2 (08:52):
Watch Dog and 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.
Speaker 2 (00:16):
All right, Meet the Trump. I didn't realize Meet.
Speaker 3 (00:19):
The Press's longest running television program out there. I mean
I used to be a regular. I was a regular
Sunday morning viewing for me when especially when Tim Russer
hosts the show. I don't really watch it much. I
get clips here and there. It is what it is.
But Trump Trump being interviewed by Welker yesterday. I tuned
(00:40):
in and we're gonna go over his interview. Did find
it funny. And again, you know, left wing media will
take certain things and they will put up videos and say, oh,
look at Trump being a fool. And come on, all right,
you know all the good things about the economy right
now or due to Trump.
Speaker 2 (01:00):
All the bad things are do to Biden. It's Trump
being Trump.
Speaker 3 (01:04):
Okay, nothing really to get bent out of shape about.
Speaker 2 (01:10):
Talking about Terris s cut again.
Speaker 3 (01:11):
He keeps talking about losing five billion dollars a day
to China. How are you losing Again, this doesn't make
any sense to me, because we were buying more than
five billion dollars a day. I guess that's what he's
saying in stuff, that we're losing money to them. I
(01:33):
didn't lose money when I went out and I bought something.
I exchanged money for something that I wanted, whether it
be an item or whether it be a service. And
you know, not to mention the fact that what happens
is China turns around and essentially essentially lends that money
(01:55):
back to us by buying our debt. So again, that's
just how it goes. He's portraying it as losing money
to China. And he kept talking about how tariffs are
going to make us rich. Tariffs are going to make
us rich again that that statement doesn't make quieting.
Speaker 2 (02:15):
It doesn't make any sense simply because if you can't
have it both ways. I've explained this before.
Speaker 3 (02:24):
If tariffs are going to make us rich, well, then okay,
we don't want to bring back manufacturing to the United
States and bring jobs back to the United States because
then we lose out on those tariffs.
Speaker 2 (02:36):
It's either one or the other. He did.
Speaker 3 (02:41):
He did mention though he's talking about China, and Welker
kind of pushed him, and he said point blank that
he didn't he didn't like what's taking place in China
right now, the fact that people are getting laid off
and factories are getting shut down. And he also said
that the tariffs are not going to remain at those
heights because then we'll never do business with good. Okay,
(03:02):
that's a positive statement coming out of this thing. That again,
it bothered me. It was neo Marxist. That's how I'm
describing what Donald Trump said when he gave his little
talk about dolls, and he talked about how girls don't
need thirty six dollars, they can survive on three or
(03:26):
four or five or whatever it may be. And then
he said something about pencils. Kids don't need two hundred
and fifty pencils, they could have five. That is very
much a I'm gonna call it neo Marxist type of thought.
But anyway, neither here nor there, We'll move on. Oh,
(03:46):
small businesses getting hurt. He changed the subject very quickly
when Welker asked him that idea, and he, you know,
basically said, you know, he went to autos, and he
started talking about Sean and how the United Auto Workers
loves him now and how it's great for the auto
industry these tariffs and they're they're thrilled about it. So
(04:08):
he didn't really get into small businesses. He says it's
not going to matter because small businesses are going to
get rich.
Speaker 2 (04:17):
Okay, okay.
Speaker 3 (04:19):
And then he said they're not going to need well,
he said, they're not going to need relief because they're
going to get rich.
Speaker 2 (04:23):
Okay. Oh.
Speaker 3 (04:26):
Then the investments talked about the nine trillion dollars in
investments that are coming into the country. Again, I've said
this before. I'll believe it when I you know, when
I actually see it. I've always believed that companies will
promise the sun, the moon, the stars, do whatever it
takes to get what they want. They want to, you know,
(04:46):
cozy up to presidents, politicians anywhere. The old pull out
the golden shovel and dig a hole in the ground.
Politicians love showing up at things.
Speaker 2 (04:56):
This would be.
Speaker 3 (04:56):
Great, be great if we get start seeing so uh
some headway on this nine trillion dollars investments, that would
be fantastic. Interest rates, interest rates, he said, no, he's
not gonna get rid of J. Powell, called him a stiff,
called J. Powell stiff and told him that rates need
(05:17):
to come down, and said that they're behind the eight ball.
But he's not going to remove him because he gets
to replace him next year.
Speaker 2 (05:25):
Welker played a bit of.
Speaker 3 (05:28):
And again, this's got a lot of play, a lot
of playing, a lot of publications, Wall Street Journal, you
name it. You know, Donald Trump not gonna, you know,
not gonna uphold the constitution. Now you had to listen
to the interview. Okay, you had to listen to the interview.
He basically said that, you know, I'm not a lawyer,
I'm not a constitutional scholar. I'm leaving again, I'm paraphrasing.
(05:51):
He's basically leaving it up to his lawyers and what
they have to say and have it work its way
through the system.
Speaker 2 (05:59):
They did.
Speaker 3 (06:00):
He was a bit of immigration gotcha, and again the
media basically took the ball and ran with that, uh
in a way that they probably shouldn't have.
Speaker 2 (06:08):
Well, they definitely shouldn't have. He mentioned that U shil.
Speaker 3 (06:12):
Welker asked him about, you know, do you believe you
have the people have the right to criticize you, and
he said absolutely. You know, the irony is later on
in that that you know that very evening, Uh, he
had a couple of people criticize him on Fox News
and how to take to the truth. Social went after
Howard Kurtz and went after Carl Roves and Carl Howard
(06:35):
Kurtz needs to needs to retire. He's getting too old
for the position he's bringing on these MSNBC people and
talking to them. And you know, again Carl Rove, big loser,
doesn't know anything anyway, did say no third term.
Speaker 2 (06:51):
Okay?
Speaker 3 (06:52):
With that to rest, he did talk about Ukraine slightly
and how you know, he's sick and tired at seeing
on satellites that you know, thousands and thousands of people
dying every single week, and he wants to save lives
on both the Russian side and the Ukrainian side. Again,
you know, it was a compassionate statement, without a doubt,
(07:13):
and it's something that I happened to agree with.
Speaker 2 (07:17):
They did bring up the Canada.
Speaker 3 (07:19):
Welker had to go there about you know, invading Canada,
and Donald Trump talked about this line that goes across
the h goes across our continent, that separates the two countries,
and talked about we don't need anything from Canada. We
don't need energy, we don't need lumber. They sell all
of our stuff to us.
Speaker 2 (07:38):
We don't need it. We can just do it here.
Speaker 3 (07:40):
Then it would be great if they were a state,
it would be fantastic, and we defend them. But he's
not going to invade Canada, said Greenland. He's not taking
anything off the table. Medicaid fraud and abuse. Talked briefly
about that and cleaning up dedicade. We'll see what congressional
(08:03):
Republicans are.
Speaker 2 (08:03):
Going to do. Again, it was Trump being Trump interview.
Speaker 3 (08:08):
I think that a lot of the criticism and again
we're equal opportunity bashers here on the program. There's much
that you know, I didn't agree with you, and I'm
going to point that out, but again stuff I did
agree with. Like I just pointed out, the issue is
is how you know they take the various different clips
and they run with them. And that's always part for
(08:28):
the course, and this is one of the reasons why
people sometimes you know, clips are okay, but sometimes you
have to see the entire context in the way the
question is presented. What the lead up was the question
because things can be twisted very easily. All in all,
all in all, you know it was again it was
a Trump interview and wasn't nearly as bad as everybody
(08:50):
was making it out to be.
Speaker 2 (08:52):
Watch Dog and Wall Street dot Com
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