Mission: Re-Privatize the Economy!

Scott Bessent, Treasury Secretary, drops a gem: ‘Our goal is to re-privatize the economy.’ The real economy’s been limp, propped up by wasteful government spending and $36T in debt—without it, we’d be in a recession. Trump might pull a Reagan, taking short-term pain for long-term gain, but weak RINOs could balk. DOGE is hitting the bureaucracy hard—this is our shot to ditch public-private BS, regulatory capture, and Boeing-style flops. Less government, more freedom. 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):
Scott Pissent, the Secretary of the Treasury, gave the greatest
line yesterday that I've heard in a very long period
of time. Now, I know we're flooded every day. It's
a fire hose of information. Media doesn't know how to
cover things. Stuff has overlooked all the time, Scott Piscent said,
and I quote, our goal is to re privatize the economy,

(00:43):
reprivatize the economy, the private sector, the real economy. For
a long time, this is something that again you've been
listening to this program and listening to my radio show.
The real economy has been weak. It's been weak. I've

(01:08):
made the assertion here on the program that if it
wasn't for all of the nonsensical government and wasteful spending
which is artificially propping up the GDP and the economy,
we would be in a recession period the end, no

(01:29):
doubt about it. The private economy has been barely growing
at all, and it's completely been sustained by unsustainable fiscal policy,
thirty six trillion dollars in debt. Could it be? Could

(01:52):
it be possible? Here? And I think that this quite frankly,
I think that this is the case that Donald Trump
is willing to do something that hasn't been done since
Ronald Reagan. Willing to essentially allow the economy to go

(02:14):
into recession, to take a hit, to allow the economy
to take a hit, taking two steps backwards to take
twenty steps forward. This hasn't happened. This hasn't happened since

(02:35):
Reagan was president and working with Vulker and quashing inflation
when he raised rates and what it did at the
beginning of his presidency. There's nothing wrong with accepting some
short term economic pain if we're going to have long
term benefits for the overall economy. I think, and I'm

(03:02):
hopeful that this is the case. This is the case. However,
it's gonna be tough. It's gonna be tough. You've got
a lot of really really weak Republicans and Rhinos that
are gonna say, we don't want to do to that,
we don't want to do that, we'll want to bet

(03:22):
to mid terms. Listen, it's your job to go out
and explain to your constituents what needs to be done,
what need what has to be done again, thirty six
trillion dollars in debt, what those is doing and attacking

(03:44):
the federal bureaucracy. This is it, This is it. I
don't know. There's not not gonna be a second chance
after this one. Either you're they're gonna do it now
or we're just again, we're gonna continue on the same path.
And again it's it's like you know, eventually, eventually we're
going to go over cliff. It's not a matter of if,

(04:05):
it's a matter of when. This is a tremendous opportunity. Again,
no one's really talking about this. The goal to reprivatize
the economy done with the private public, private partnerships, all
this other bs that has taken place. The government tinkering around,
picking and choosing winners and losers for riding a lot

(04:27):
became an investment strategy. Regulatory capture, and it shouldn't be.
When he's analyzing companies, you shouldn't say, hey, you whiz,
which company is connected well enough to the government that
they can insulate themselves from all sorts of issues. Yeah,
that breeds a lot of excellence. Yeah, Boeing. Boeing is

(04:49):
a great example of that. It has to stop. It
has to stop in order for again for us to
get on the right track and again utilize our talents
as a nation and all the great things that God
has bestowed upon us. Yeah. Less government reprivatize the economy

(05:15):
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