November 16, 2025 • 39 mins
Chris Markowski, known as the Watchdog of Wall Street, discusses various critical issues surrounding the current political and economic landscape in the United States. He critiques the leadership of President Trump, emphasizing the need for accountability and a course correction in policies. Markowski highlights the disparity between political narratives and economic realities, particularly concerning the American dream and the challenges faced by the youth. He also delves into the controversial topics of H1B visas and the impact of foreign students on the American education system, advocating for immigration reform and a reevaluation of economic policies. Throughout the conversation, he stresses the importance of morality in capitalism and the need for a more ethical approach to economic practices.
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Speaker 1 (00:06):
Well, no one authored investment banker, consumer advocate, analyst, trainer
Chris Markowski is.
Speaker 2 (00:14):
The watchdog Wall Street?
Speaker 1 (00:16):
Do you want to answer exposing the lies and myths
that the big brokerage firms, the mainstream press, and the
government are pushing to keep Americans away from financial freedom.
Speaker 3 (00:27):
You can't handled the true.
Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world. Ladies and gentlemen. We're not here to indulge
in fantasy, but in political and economic reality. This is
the watchdog on Wall Streets.
Speaker 3 (00:43):
I should have saved the messages and the emails that
I've gotten since Liberation Day, quite frankly, and the various
different things that I have been critical of with the President.
There's a lot of again a lot of people out
there and all in no matter what did the President
(01:05):
says or does, he can do no wrong. And that's
something I just I've never never could understand never, I
just I can't get my arms around that. Each and
every one of us needs to hold our elected officials
to account and again prove me wrong, go back and
go back and grab anything that I've said, any criticism
(01:27):
that I put forward, ideas I've put forward problems that
I've had here on the program, and tell me where
I've been wrong.
Speaker 2 (01:34):
Oh yeah, when the terriffs first came, Oh you know what, you're.
Speaker 3 (01:36):
Talking about it and getting all these messages and all
this stuff, and I've said this, well, this is what's
gonna happen. This is what's gonna happen. It's gonna hurt
small business, this is what's gonna happen.
Speaker 1 (01:45):
Up.
Speaker 3 (01:45):
You know you're gonna start seeing job losses. You know
every single thing I've said. Okay, And it's not like
I want to be right on these things. It's just
certain laws of the universe and for whatever reason it
may be. Again, and I made this perfectly clear. Yeah,
I voted for Trump both times. He was the better choice,
(02:11):
better choice both times. Was he my first choice?
Speaker 2 (02:15):
No? No, I never win. Okay, my guy's losing the primary.
It is what it is.
Speaker 3 (02:20):
Okay, But everybody out there that you're still saying and
you're putting out there, trust the plan. You sound like
delusional Jets fans for crying out loud. And I shouldn't
talk because I'm a Giants fan. But I'm not delusional.
Trust the plan.
Speaker 2 (02:38):
People.
Speaker 3 (02:42):
What I want the president to do right now. I
described it on the podcast this past week. People who
use PCs, have been using PCs for a long time,
are used PCs back going back to you know, really
started getting these things. Just like Windows two thousand, two
thousand one, remember that operating system. It would just fail.
(03:04):
It would just fail. And young people, we used to
get this thing. It was called the blue screen of death.
Your computer would just freeze up and you'd get this
blue screen. And if you weren't careful, if you weren't careful,
and you weren't saving your work along the way, and
you were all of a sudden, you got the blue
screen to death, and you forgot to do that. You
(03:24):
wanted to punch a hole in the wall because all
the work that you were doing on your computer at
that point.
Speaker 2 (03:28):
In time was gone.
Speaker 3 (03:30):
And the only way the only way to get away
from the blue screen of death was to shut the
computer off, hit the power button, shut it off, restart.
Speaker 2 (03:45):
It is.
Speaker 3 (03:46):
And as Trump hasn't been in office for a year,
he hasn't been office in the year, and he's accomplished
some good things, without a doubt. Want to talk some
of the things that he's accomplished On the foreign policy front, Yeah, yeah,
he's done some pretty good things there. Okay, again, I
(04:06):
let's hope everything works out between you know, Israel and
Palestine's I don't know, I don't know.
Speaker 2 (04:13):
Again, I not a fan of what took.
Speaker 3 (04:16):
Place there by any stretch of the imagination, and what
was done in the communities that were destroyed. But God willing,
God willing God, hope that the death and destruction will
end there. As far as shutting the border down, he's
done an unbelievable job with that. Am I happy that
he extended extended the tax cuts from twenty seventeen forward? Yes, okay,
(04:41):
those those are all good things. Do I love the
big beautiful bill? No, No, because again I am all
about cutting spending.
Speaker 2 (04:50):
Well.
Speaker 3 (04:50):
When Donald Trump came in again, I was very, very
excited simply because it was a big fan of Elon
Musk love Doge, loved the concept behind him.
Speaker 2 (04:59):
But you know, Elon Muscott run out of town.
Speaker 3 (05:03):
He got run out of town because he was going
against big money interests and big government spending, and.
Speaker 2 (05:11):
Things started going downhill.
Speaker 3 (05:14):
Then we got that Liberation Day, those charts that made
no sense whatsoever. Remember the fake math formed I mean,
it was just one thing after another.
Speaker 2 (05:24):
He's just got to come to a point in.
Speaker 3 (05:26):
Time where he's gonna have to start dealing with reality
and actually have a little bit of empathy for people.
This past week, the interview he did with Laura Ingram
was hopefully it's his low point. Oh yeah, that was
his low point because it really, honestly, I'm sorry, I mean.
Speaker 2 (05:51):
You got to you gotta be a true like cult member.
Speaker 3 (05:57):
To think that anything good came out of that interview.
He basically telling people, telling people that yeah, first and foremost,
Thanksgiving is getting cheaper.
Speaker 2 (06:12):
It's twenty five But no, it's not. Okay, oh Walmart.
Speaker 3 (06:16):
Walmart's basket of goods has got fifteen items rather than
twenty one items last year, and it's all generic stuff
this year compared to last year.
Speaker 2 (06:26):
He keeps saying stuff.
Speaker 3 (06:28):
Affordability is a Republican stronghold. Hopefully Republicans will use this
as an irrefutable fact. No, mister President, Okay, that's not
the case. Stop telling people that their money worries don't exist,
because they do. Again, Laura Ingram asked Trump whether there
(06:57):
is a negative voter perception of the economy or if
more work needs to be done to tackle issues such
as rising food costs and unemployment, fixtures figures.
Speaker 2 (07:07):
Excuse me. More than anything.
Speaker 3 (07:09):
Else, it's a con job by the Democrats. They put
out something today, costs her up. They feed it to
the anchors ABC, CBS, NBCCNN. It's such a rig system.
So you're ready cost our way down. Gasoline is going
to be hitting two dollars pretty soon.
Speaker 2 (07:23):
What no, it's not.
Speaker 3 (07:26):
Gasoline is a two seventy now. It was at four
fifty of the Biden under Sleepy Joe.
Speaker 2 (07:31):
The national average is a little over three right now.
That's that's, that's a fact. Now.
Speaker 3 (07:38):
Laura Ingram interrupted him and asked whether voters are misconceiving
their feelings about the economy. Trump did not answer, and
he started talking, you know about Biden and Kamala Harris.
Speaker 1 (07:57):
Again.
Speaker 3 (07:58):
He tried to defend the fifth the year mortgage plan
in that interview.
Speaker 2 (08:03):
Again.
Speaker 3 (08:04):
I would get into more of the things, but again
he really he needs a clean house, needs to clean house.
He's not getting very good advice, and I don't even
know if he's willing to accept it. You know, when
I talk about when i'm you know, you put together
a team of kids. You want kids that are coachable. Okay,
(08:27):
you can't know. He can't know everything, and you need help,
and he's getting really bad advice.
Speaker 2 (08:32):
I mean you see it.
Speaker 3 (08:33):
See whenever anybody in the administration steps up into the podium,
they spend their entire time talking about how wonderful and
how great the president is.
Speaker 2 (08:45):
It's bizarre to me.
Speaker 3 (08:48):
Currently the United States record eighteen point six trillion dollars
in household that thirteen point one trillion mortgages, one point
seven trillion in auto loans, one point seven trillion in
student loans, one point two trillion dollars in credit card debt.
Speaker 2 (09:11):
You have people that have been died in the world.
I mean big.
Speaker 3 (09:17):
Time MAGA supporters Sean Davis from The Federalist basically call
the PRESIDENTU good for him, weak and rudderless. President focusing
too much on foreign policy instead of the domestic issues
that affect tens of millions of Americans.
Speaker 2 (09:36):
Is he wrong? And again it's Congress too.
Speaker 3 (09:39):
So I don't know who's advising Congression Republicans on strategy
right now, but whoever it is has an IQ barely
approaching room temperature. Republicans right now have no accomplishments, no plans,
and no vision.
Speaker 2 (09:52):
Why on earth.
Speaker 3 (09:53):
Would anyone be excited to go vote for them twelve
months from now? Trump needs to ditch the foreign policy
crap and focus all is a ten on the domestic economy,
which is still not working for a majority of people.
Right now he looks weak and ruddless. Be mad all
you want, but it's the truth.
Speaker 2 (10:13):
Again. Where is the path to the American dream? Right now?
Who's giving the youth of today?
Speaker 3 (10:20):
This is what Sean was saying, giving them a vision
of a future worth fighting for. You cannot have a
viable country or future when half your country and all
its young people are locked out of the economy and
locked out of ever owning a home or much of
anything beyond next month's streaming subscription. Does anyone in Washington
care about this? Anyone at all? Republicans better wake up
(10:43):
because right now they're nightmares only beginning if they don't
start making massive changes.
Speaker 2 (10:50):
And again, be.
Speaker 3 (10:51):
Ah scorch earth attack on Trump is what the media said.
He says, this is not a condemnation, it's a call
for a course correction. What I have been saying, what
I have been saying since liberation day. We need a
course correction. This is not going to turn out well.
(11:13):
But instead, what do we get, What do we get
from the administration? What do we get from all those
pundits on Fox News. It's like kind of orwell remember
nineteen eighty four, Who can remember nineteen eighty four? Okay,
what was the most essential command by the party. The
party told you to reject the evidence of your eyes
(11:35):
and ears. It was their final, most essential command. Now,
let's get something done. Let's get something done. Okay, you
know again, I remember, I remember the night of the election.
(11:58):
I remember inauguring again, you talked a lot about you know,
this the you know, overcoming stuff, you know I it
was all fired up. We had dosee. It was palatable,
you know what I mean. I've got two unred plus
radio stations that cover this show. The excitement that they had,
(12:19):
they're flat now. People are concerned that they're not spending,
they're pulling back they wanted to go. I'm sorry, I
didn't vote for these policies. This administration pivoted from policies
that were aimed at generational prosperity to those that were
(12:40):
having today.
Speaker 2 (12:41):
And again, they're not good.
Speaker 3 (12:44):
You know they're talking about fifteen year car loans, fifteen
year car loans, fifty year mortgages. Don't get me started
a stupid two thousand dollars stimulus checks. We'll get the
math on that one. They keep talking about a golden age.
Stop telling people that they're better off than ever. Again, Yeah,
(13:07):
you no doubt about it, Okay, my clients, people of ownership,
Yeah they're killing it. Okay, But at some point in
time in life, people, you know what, and it's again.
Speaker 2 (13:18):
I did a podcast on it this past week. I did.
Speaker 3 (13:22):
I mean, people kind of ask me sometimes because I
talk about capitalism and doing the right thing in the
economy and getting into the morality of the entire thing.
Speaker 2 (13:32):
And our founders talked.
Speaker 3 (13:34):
But John Adams talked about this when it came to
the United States of America. They said, you know, you
can't have it's not possible to have a free society
unless there is a moral society.
Speaker 2 (13:45):
They have to have a moral grounding.
Speaker 3 (13:48):
How can you if people aren't afraid of God, if
they don't have morals, how are you going to have,
you know, a free society having gonna have small government,
little to no rules out there. Well, again, morality in
the United States has, without a doubt, has most certainly
gone downhill. And I've talked about this in terms of
(14:09):
Wall Street and he hath to go bypass at birth
that many of these people have they worship money. I
did a whole bit on what drives me and the
you know it again, it comes from my faith and
the Catechism of the Catholic Church. It lays out, lays
(14:31):
out nothing wrong with making money and profits. And I've
talked about you know, but it's not about getting over
on somebody else. That's not the goal. You're making a decision.
You're making investments for the greater good that the old
Adam Smith capitalism. Two people can sit down at a table,
(14:51):
both can walk away happy in.
Speaker 2 (14:55):
Their business dealings.
Speaker 3 (14:56):
Is there going to be competition, Yes, absolutely, But we've
lost our way. We've lost our way, and we've got
to get it back. This president, quite frankly, has lost
his way. I'm sorry. I know I'll get the nasty
message from the magaz oul or trust the plan.
Speaker 2 (15:16):
There's no plan.
Speaker 3 (15:18):
Okay, there's none. They have to course correctly, still do it.
Speaker 2 (15:24):
You haven't even been in office for a year.
Speaker 3 (15:27):
Okay, you change now you make that pivot right now,
you go back to the things you said.
Speaker 2 (15:32):
You go back, go back to twenty sixteen.
Speaker 3 (15:35):
And look at the Republican Party platform from twenty sixteen.
One of the best things in that platform was Donald
Trump was going to go after the monopolies. He was
gonna go after the big banks looking to break them up. Good,
those were great ideas. Go back to them again, back
(15:55):
to the basics. You've lost your way. Okay, we've hit
the blue screen of death. Hit the power button.
Speaker 2 (16:03):
Reboot.
Speaker 3 (16:05):
Watchdog on Wallstreet dot Com. Watchdog on Wallstreet dot com
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Speaker 2 (16:25):
No, what isn't is it?
Speaker 1 (16:27):
Math the only man who is taking on the Wall
Street establishment. You're listening to the Watchdog and Wall Street
with Chris Markowski.
Speaker 3 (16:50):
Seriously, who thinks this two thousand dollars tariff check is
a good idea? I mean, honestly, I be honest, be honest.
Do you really think it's a good idea. Let's do
a little well, we'll call it tariff math versus tariff magic.
(17:13):
I'm yeah, I'm not a math genius by any stretch
of the imagination.
Speaker 2 (17:18):
Yeah.
Speaker 3 (17:19):
I could handle it, can handle it when I was
in uh high school, can handle it when I was
in college. But I was no guru by any stretching imagination.
My partner and my brother, Matthew Markowski, on the other hand, uh,
he made that was his major in college.
Speaker 2 (17:35):
Again, I don't know how many majors in math. Again.
Speaker 3 (17:37):
You gotta have special brain cells that I don't have. Anyway.
I remember I did a column on this year's ago
called math is Power, and I was actually teasing Matt
in it a little bit as well. But anyway, math
is power. But I'm just gonna do some basic math here. Okay,
everybody follow following. I don't numbers don't translate well on radio.
Speaker 2 (18:01):
I get it.
Speaker 3 (18:02):
Annual tariff revenue three hundred and fifty billion dollars. The
total cost of sending out two thousand dollars checks is
seven hundred billion dollars. So we're gonna go into debt
(18:23):
to cut check. But the administration is saying that not
only are we gonna send out two thousand dollars checks,
but we're also going to pay down our debt?
Speaker 2 (18:35):
Now again this is the magic part.
Speaker 3 (18:41):
This is this is the magic right because again I
again I'm maybe, I'm maybe, I'm just dense. I don't
understand this math, not to mention the fact that we're
running a one point eight trillion dollar deficit. So how
in the world could we pay down any debt when
we're running a one point eight trillion dollar deficit and
(19:03):
the tariff revenue is three hundred and fifty billion, and
you want to send checks out the seven hundred billion.
Secretary of Treasury, Scott Vessant, took to the airwaves and
he's already doing damage control, saying the two thousand dollars
then it was a two thousand dollars dividend, two thousand
dollars dividend. It won't be in a check, Maybe it
(19:26):
might be in some sort of tax cut. President is
obviously concerned that the Supreme Court is going to rule
against him on this, and he says that the unwined.
Speaker 2 (19:38):
He's going to have to return three trillion dollars.
Speaker 3 (19:45):
Why would you have to return three trillion dollars if
you've only collected three hundred and fifty billion dollars, Not
to mention the fact, not to mention the fact that
you knew that there was just a case against you. Maybe,
just maybe you should have put that money that you
were collecting in tariffs into escrow just in case it
(20:06):
was ruled against you.
Speaker 2 (20:09):
I'm just you know again, I'm just people.
Speaker 3 (20:12):
This is prove me wrong. Basic math. I got going
on right here? Basic math. You explain this to me,
because I just I don't get it.
Speaker 2 (20:22):
Don't get it anyway. Cothtick Watchdog on Wallstreet dot com.
Watch Dog on Wallstreet dot com.
Speaker 3 (20:30):
Is our site, personal CFO program, podcast, newsletter, all sorts
of great stuff.
Speaker 2 (20:35):
Watchdog on Wallstreet dot com back.
Speaker 1 (20:41):
Chris Markowski is the Watchdog on Wall Street. You should
believe in math, not magic. You're listening to the Watchdog
(21:04):
on Wall Street with Chris Markowski.
Speaker 2 (21:07):
Yes, wait away.
Speaker 3 (21:09):
Everybody always honored to be in front of the microphone
week in, week out, fighting for you. Watchdog on Wallstreet
dot com Again our site become part of the Watchdog
on Wall Street family. We got to talk about the
other major controversy.
Speaker 2 (21:25):
Again.
Speaker 3 (21:26):
A lot many people angry. Many people angry about some
of the comments that the president made. And again I
don't Susie Wiles Characters is chief of staff. She needs
to go. The guy's seventy nine bloody years old. Okay,
he's not prepared for these interviews. Quite frankly, he's probably
bloody exhausted for crying out loud. Again, I'm not seventy
(21:52):
nine years old. I'm getting up there. And I said,
I put in long days. I'm up every day at
three o'clock in the morning. I again, I spend a
lot of time time in front of a microphone talking
to people, whatever it may be. But I also do
spend a lot of a time doing prep for all
of this stuff. He's doing things an administration do thing.
He's being asked questions about him, and he can't answer.
(22:13):
You don't need to be in front of a camera.
You don't need to be in front of a microphone
every two seconds.
Speaker 2 (22:18):
Just don't.
Speaker 3 (22:20):
How did it work out during COVID, by the way,
it was stupid. We don't need the Trump Show every twoesday.
Speaker 2 (22:28):
Just don't.
Speaker 3 (22:32):
Anyway, So Chinese students, lauringram masqu you have said, you
have said six hundred thousand Chinese students could come to
the United States. Why is that pro Maga position when
so many American kids want to.
Speaker 2 (22:45):
Go to school.
Speaker 3 (22:47):
Trump, We do have a lot of people coming in
from China. We always have. We have a massive system
of colleges and universities. If were to cut that in half,
you would have had half the colleges in the United
States go out of business. Laur Ingram says, so what, Trump,
you would have historically black colleges and universities, they would
be all out of business. You don't want to cut
half the students from all over the world that are
coming into our country and destroy our entire university and
(23:10):
college system. Maga was my idea. I know what Maga
wants better than anybody else, really, because Maga was pretty
ticked off at this statement. Anyway, First and foremost, let's
break this down. He's not wrong, Okay, he's not wrong
when it comes to foreign students. Foreign students pay full freight.
(23:36):
They pay full freight. And he's not wrong that many
colleges and universities would go out of business. Now, when
Laura Ingram says, so what, Okay, this is where the
president is tired Okay, he should have been able to
knock this out of the park.
Speaker 2 (23:52):
I would have been like, Laura.
Speaker 3 (23:53):
Excuse me, Okay, do you understand all of the families
that would be affect did all of the businesses surrounding
colleges and universities, from eating and drinking establishments to you know,
apartment owners to dry I mean, all of those things
would go out of business too. Now, do I think
(24:16):
that we should slowly but surely start lowering it over
time so colleges and universities can adjust.
Speaker 2 (24:23):
Absolutely.
Speaker 3 (24:24):
Now, as far as Laura, why you know so many
Americans want to go to school. Americans are not going
to school to the same degree that they used to.
Enrollment is way down. One of the things we could
be doing, Laura, is taking some of these smaller schools
out there that would be financially affected by this and
turning them into trade schools slash entrepreneurial schools, which would
(24:48):
be a great direction, Laura. As you know, he didn't
know how to answer the question. He didn't know how
to answer the question. And it comes up with historically
black colleges and university's gonna go out of business. Yeah, yeah, yeah,
because I'm sure there's a lot of Chinese students going
to Howard.
Speaker 2 (25:08):
Come on, man, if you don't have the.
Speaker 3 (25:11):
Answer to something, just say you don't know. Okay, Yes,
our entire college and university system needs to be downsized.
It was completely built out. It's a business, and as
we said, out of business. They're supposed to be nonprofits.
It has been a business. I've called them hedge funds
for a long period of time. We've allowed this because
(25:32):
the taxpayer has been footing the bill.
Speaker 2 (25:34):
Okay.
Speaker 3 (25:35):
Student loans were under one trillion dollar, well under one
trillion dollars before Obama decided to take the thing over.
It's an industry in of itself. They become diploma mills.
But again, to just shut that off, to flip a
switch and put them all in business, a lot of
people are gonna be adversely affected by that. He could
(25:58):
have handled that question, ah of a lot better. The
entire problem is, again, they are businesses. Any sort of
subsidy and you can go all the way back. I've
explained this before. College and university costs to go to
colleges and universities right now. It started under LBJ. It
(26:25):
started when you started subsidizing this student moans. Stut moons
should be if you can offer stut moone should be
like any other loan, it could be discharged in bankruptcy,
meaning what the interest rates would be much much higher.
The banks would I feel, actually make sure whether or
not you were getting a degree that was useful where
you could pay it back and it actually probably stay
on top of how well you were doing at school,
(26:45):
or your loan would get pulled because they want to
get repaid.
Speaker 2 (26:49):
What would that do?
Speaker 3 (26:51):
That would again, that would take capital away from these
colleges and universities and their ability to charge in arm
in a lake. And maybe they wouldn't hire so many administras,
maybe they'd start hiring more professors. It is what it is.
Gotta take a break. Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot com. Oh man, I could do I
(27:15):
could do it easy. Ten twelve hours today, no problem.
Speaker 2 (27:18):
No problem.
Speaker 3 (27:18):
We got a lot we gotta go for Watchdog on
Wallstreet dot Com.
Speaker 2 (27:21):
We'll be back.
Speaker 1 (27:36):
Bringing America financial freedom. One listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (27:47):
Packnosed. It is the Watchdog on Wall Street Show.
Speaker 3 (27:51):
Now if I was to say, I saved the best
for Lass, well the worst for Lass. Probably the the
worst part of the interview with Laura Ingram had to
do with H one B Visus.
Speaker 2 (28:08):
The whole interview was pretty bad, all I know.
Speaker 3 (28:10):
He took her on a tour around the White House,
try to show her how beautiful everything is. Like I said,
in my opinion, it looks like it looks like Liberachi
was on acid and decided to start doing stuff there
at the I mean honestly.
Speaker 2 (28:27):
And oh yeah, it looks real gold here. No, dude,
you can buy those things at home depot. Man.
Speaker 3 (28:33):
Okay, everyone knows you can buy them at home depot
because you can look it up.
Speaker 2 (28:37):
All right.
Speaker 3 (28:38):
Anyway, anyway, get to the H one D Visa situation here.
So so he was asked, okay about you know these
you know people coming in here H one B Visus. Okay,
he said. He said, we got to bring in talent.
I agree, you know, I agree with you, Laurie. You know,
(29:01):
probably age, but we got to bring in talent. And
Laura Ingram said, well, we have plenty of talented people here.
Trump said, now you don't, laur Ingram, we.
Speaker 2 (29:13):
Don't have talented people here. No, whoa.
Speaker 3 (29:22):
Again again instantly, Okay, you had paid inflorenced Maga types
all over flipping out over this, and rightfully some again,
this is not this is not maga. This is not
what the president has said in the past, and in fact, it's.
Speaker 2 (29:46):
A complete one hundred and eighty degree turn. I am.
I'm going back on this program.
Speaker 3 (29:52):
This program, we'll go back to twenty fifteen, two thousand,
ten years ago. Here on the program, we covered extent
extensively the entire Disney H one B Visus scandal where
Disney was bringing in workers from India and he had
the Disney employees train their replacements and then fire them.
(30:19):
Don't tell me that there is not a scandal, Okay,
I got to hand it to Will Caine. Okay again,
Will Caine and Laura Ingram are probably getting a ton
of really really nasty messages from the administration. I ask
you Laura Ingram's social media feed. You know, quite frankly,
(30:40):
she was putting stuff out without her. It's her people
who was basically praising the president after the interview and
like one little sentence things.
Speaker 2 (30:47):
You know, they're they're afraid for her.
Speaker 3 (30:49):
At this point in time, okay, And I've been a
very harsh critic of Laura Ingram for a very long
period of time, but she actually did ask difficult questions.
She did she pressed the present first person Fox to
ever press the president Marrio Berneromo never does. Sean Handy
most certainly doesn't, but again she did. We're gonna do
(31:14):
I'm gonna get into this. I'm gonna go back.
Speaker 2 (31:15):
I wanna go back to two thousand, uh twenty fifteen.
Speaker 3 (31:19):
We're gonnaalk. I'm gonna actually read you a statement by
Donald J. Trump on H one B visas from March third,
twenty sixteen, and we'll delve into this a little bit further.
Speaker 2 (31:31):
Watchdog on Wallstreet dot com.
Speaker 3 (31:33):
Watchdog on Wallstreet dot com is our site.
Speaker 2 (31:36):
We'll be back.
Speaker 1 (31:39):
You're listening to the Watchdog on Wall Street ticking Wall Streets, lions,
(32:00):
crooks and cheets out behind the woodshed. You're listening to
the Watchdog on Wall Street.
Speaker 2 (32:08):
I'm so sick in time.
Speaker 3 (32:09):
I'm really I'm so sick and tired of being lied
to again and again and again by these people in power,
big business out that they've been doing this for some time.
I used to scream about this US Chamber Commerce always
pushing for oh, you know, no border control and open
border nonsense.
Speaker 2 (32:26):
Have never been for that.
Speaker 3 (32:28):
I've always been for yeah, yeah, legal immigration, controlled immigration,
and immigration where you assimilate people. Now what we're being told,
we're being oh, yes, this is rue. We got to
bring in this talent. And you know, all got all
these people that have done well here in this country
that have come here on visus. Okay, I'll give you
an example. Okay, I've actually even heard the oh you
(32:51):
know what you can like sho TONI playing baseball? You
want to bring in show he tany bring in showheya, Tony.
You don't bring in the whole Japanese Baseball league into
the country. Okay, so much talented, what absolutely have at it.
I've talked about that. The kids that go to college
here that you know, they graduate from here and they
(33:12):
do well, you know, I have no.
Speaker 2 (33:13):
Problem keeping them here.
Speaker 3 (33:15):
These are the numbers, and again I got a hand
it to Will Kine, and.
Speaker 2 (33:20):
I hope he's able to keep his job.
Speaker 3 (33:22):
Okay, but he actually put out seventy percent of the
H one B visa holders come from India, ten to
fifteen percent come from China. Eighty percent of H one
B approvals entry level junior level jobs, entry level. One
(33:50):
of my son's best friends, one of my son's best friends. True,
he they just graduated, and he just graduated way up
at the top of this class. Computer and drink are
really really smart. Kid got a job, got a job
at Amazon doing all sorts of coding work, whatever it
may be. He's talking to his dad, talking to his
(34:13):
dad a few weeks ago. He says, like, you don't understand.
He's the only one in his group that's American. Everyone
else is an H one B visa holder. He said, hilarious.
They do like work things together where they go to top
golf and they all think he's Tiger Woods because golf
(34:33):
or could.
Speaker 2 (34:34):
Do any that are not athletic at all.
Speaker 3 (34:35):
He's the only one I've already I already know recent
college grads that have been fired from tech companies and
replaced with foreigners. Now again these companies that are doing this.
Let's let's talk about this a little bit, shall we. Okay,
let's talk about you know, what is an H one
(34:56):
B visa. You know, you don't get to do whatever
you want. You're not getting they say, you're going to
get a prevailing wage really prevail way, or do they
have to provide healthcare?
Speaker 2 (35:11):
Do they have to oh retirement plans?
Speaker 3 (35:15):
Or is your employer putting money into the Social Security
system paying Paika for that worker not to mention the fact.
Can that worker actually say, hey, you know what, that
company around the corner is willing to pay me a
hell of a lot more. I want to go there
or pay me more. None can't do that for all
(35:39):
intents and purposes. You're an indentured servant. You are, It's biblical.
You're an indentured servit. Your e's one, BB's a holder.
You can't go job shopping, you can't pick up and
go and oh they put sweeteners in it, now you know,
and it makes it even worse. They allow you to
move your family here and sometimes your grandparents, and they
can get on government assistance, and they can cost the
(35:59):
taxpayer more.
Speaker 2 (36:01):
What. I don't have any problem with H one BVS.
I really don't.
Speaker 3 (36:06):
The system itself is set up wrong and it needs
to be reformed, period the end. But you get the
President of United says nope, nope, no literal, literal. And
the weird thing is is that the Vice President said
the polar opposite this past week giving a speech. This
(36:26):
is some statement by Donald J. Trump on position on visas.
March third, twenty sixteen, Megan Kelly asked about highly skilled immigration.
The H one B program is neither high skill nor immigration.
These are temporary foreign workers imported from abroad for the
explicit purpose of substituting for American workers at lower pay.
(36:50):
I remain totally committed to eliminating a rampant, widespread H
one V abuse and ending outrageous practices such as those
that occurred at Disney and Florida when Americans were forced
to train their foreign placements. I will end forever the
use of the H one B as a cheap labor
program and institute an absolute requirement to hire American workers
first for every visa and immigration program, no exceptions.
Speaker 2 (37:16):
Did Was there invasion of the body snatchers? Did? Did? Where? Where? Where?
Did the President go?
Speaker 1 (37:24):
Where?
Speaker 2 (37:24):
President go?
Speaker 3 (37:26):
Oh no, no, no, no, American Americans don't have the talent,
they don't have the ability. He remember we talked about
the the factory. Talks about the factory in uh It
was outside of Atlanta. I think it was Hyundai or
something like that. No, no, no, Americans don't have to
tell we don't have the ability. We can't do it.
So these people have been standing on the unemployment lines
for four years. You can't know they can't make magnets.
(37:47):
Magnets are way too complicated. Again, the interview was beyond bizarre,
beyond I mean again, dude needs a vacation. Man, stop
stop doing interviews. I don't know. You know what about
those Rosie the Riveter, Remember what about those housewives? Hows wives, housewives?
(38:11):
And this is back in the day when again, my
women didn't go to college.
Speaker 2 (38:15):
Okay, prior to World War Two.
Speaker 3 (38:17):
We all know that the zero experience housewives Rosie the
Riveters making aircraft and tanks for World War two. Again,
we had the military the size of what Romania's prior
to World War Two. Yet we managed to get people
and teach them and train them how to work on
(38:39):
the assembly lines. We can't do that now, that's that's
you're saying, Well, crap, Then you know, we might as
well just put everybody on universal basic income here in
this country. He might as well part our university basic
income and just have the rest of the world come
in here and do all the work force.
Speaker 2 (38:58):
You know before Elon can make us robot.
Speaker 3 (39:00):
And then do it for us, So it would be
like that movie Wally, God help us all. Okay, anyway,
I know, pretty heavy show today. Heavy show today, I
get it, but listen, Ken, God bless you all. Thanks
for tuning in and again become a part of our family.
Watchdog on Wallstreet dot com, personal CFO program, podcast, newsletter.
Speaker 2 (39:21):
Again. We'll see you next week. Everybody, God bless
Speaker 1 (39:28):
Chris Markowski is the Watchdog on Wall Street.
Well, no one authored investment banker, consumer advocate, analyst, trainer
Chris Markowski is.
Speaker 2 (00:14):
The watchdog Wall Street?
Speaker 1 (00:16):
Do you want to answer exposing the lies and myths
that the big brokerage firms, the mainstream press, and the
government are pushing to keep Americans away from financial freedom.
Speaker 3 (00:27):
You can't handled the true.
Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world. Ladies and gentlemen. We're not here to indulge
in fantasy, but in political and economic reality. This is
the watchdog on Wall Streets.
Speaker 3 (00:43):
I should have saved the messages and the emails that
I've gotten since Liberation Day, quite frankly, and the various
different things that I have been critical of with the President.
There's a lot of again a lot of people out
there and all in no matter what did the President
(01:05):
says or does, he can do no wrong. And that's
something I just I've never never could understand never, I
just I can't get my arms around that. Each and
every one of us needs to hold our elected officials
to account and again prove me wrong, go back and
go back and grab anything that I've said, any criticism
(01:27):
that I put forward, ideas I've put forward problems that
I've had here on the program, and tell me where
I've been wrong.
Speaker 2 (01:34):
Oh yeah, when the terriffs first came, Oh you know what, you're.
Speaker 3 (01:36):
Talking about it and getting all these messages and all
this stuff, and I've said this, well, this is what's
gonna happen. This is what's gonna happen. It's gonna hurt
small business, this is what's gonna happen.
Speaker 1 (01:45):
Up.
Speaker 3 (01:45):
You know you're gonna start seeing job losses. You know
every single thing I've said. Okay, And it's not like
I want to be right on these things. It's just
certain laws of the universe and for whatever reason it
may be. Again, and I made this perfectly clear. Yeah,
I voted for Trump both times. He was the better choice,
(02:11):
better choice both times. Was he my first choice?
Speaker 2 (02:15):
No? No, I never win. Okay, my guy's losing the primary.
It is what it is.
Speaker 3 (02:20):
Okay, But everybody out there that you're still saying and
you're putting out there, trust the plan. You sound like
delusional Jets fans for crying out loud. And I shouldn't
talk because I'm a Giants fan. But I'm not delusional.
Trust the plan.
Speaker 2 (02:38):
People.
Speaker 3 (02:42):
What I want the president to do right now. I
described it on the podcast this past week. People who
use PCs, have been using PCs for a long time,
are used PCs back going back to you know, really
started getting these things. Just like Windows two thousand, two
thousand one, remember that operating system. It would just fail.
(03:04):
It would just fail. And young people, we used to
get this thing. It was called the blue screen of death.
Your computer would just freeze up and you'd get this
blue screen. And if you weren't careful, if you weren't careful,
and you weren't saving your work along the way, and
you were all of a sudden, you got the blue
screen to death, and you forgot to do that. You
(03:24):
wanted to punch a hole in the wall because all
the work that you were doing on your computer at
that point.
Speaker 2 (03:28):
In time was gone.
Speaker 3 (03:30):
And the only way the only way to get away
from the blue screen of death was to shut the
computer off, hit the power button, shut it off, restart.
Speaker 2 (03:45):
It is.
Speaker 3 (03:46):
And as Trump hasn't been in office for a year,
he hasn't been office in the year, and he's accomplished
some good things, without a doubt. Want to talk some
of the things that he's accomplished On the foreign policy front, Yeah, yeah,
he's done some pretty good things there. Okay, again, I
(04:06):
let's hope everything works out between you know, Israel and
Palestine's I don't know, I don't know.
Speaker 2 (04:13):
Again, I not a fan of what took.
Speaker 3 (04:16):
Place there by any stretch of the imagination, and what
was done in the communities that were destroyed. But God willing,
God willing God, hope that the death and destruction will
end there. As far as shutting the border down, he's
done an unbelievable job with that. Am I happy that
he extended extended the tax cuts from twenty seventeen forward? Yes, okay,
(04:41):
those those are all good things. Do I love the
big beautiful bill? No, No, because again I am all
about cutting spending.
Speaker 2 (04:50):
Well.
Speaker 3 (04:50):
When Donald Trump came in again, I was very, very
excited simply because it was a big fan of Elon
Musk love Doge, loved the concept behind him.
Speaker 2 (04:59):
But you know, Elon Muscott run out of town.
Speaker 3 (05:03):
He got run out of town because he was going
against big money interests and big government spending, and.
Speaker 2 (05:11):
Things started going downhill.
Speaker 3 (05:14):
Then we got that Liberation Day, those charts that made
no sense whatsoever. Remember the fake math formed I mean,
it was just one thing after another.
Speaker 2 (05:24):
He's just got to come to a point in.
Speaker 3 (05:26):
Time where he's gonna have to start dealing with reality
and actually have a little bit of empathy for people.
This past week, the interview he did with Laura Ingram
was hopefully it's his low point. Oh yeah, that was
his low point because it really, honestly, I'm sorry, I mean.
Speaker 2 (05:51):
You got to you gotta be a true like cult member.
Speaker 3 (05:57):
To think that anything good came out of that interview.
He basically telling people, telling people that yeah, first and foremost,
Thanksgiving is getting cheaper.
Speaker 2 (06:12):
It's twenty five But no, it's not. Okay, oh Walmart.
Speaker 3 (06:16):
Walmart's basket of goods has got fifteen items rather than
twenty one items last year, and it's all generic stuff
this year compared to last year.
Speaker 2 (06:26):
He keeps saying stuff.
Speaker 3 (06:28):
Affordability is a Republican stronghold. Hopefully Republicans will use this
as an irrefutable fact. No, mister President, Okay, that's not
the case. Stop telling people that their money worries don't exist,
because they do. Again, Laura Ingram asked Trump whether there
(06:57):
is a negative voter perception of the economy or if
more work needs to be done to tackle issues such
as rising food costs and unemployment, fixtures figures.
Speaker 2 (07:07):
Excuse me. More than anything.
Speaker 3 (07:09):
Else, it's a con job by the Democrats. They put
out something today, costs her up. They feed it to
the anchors ABC, CBS, NBCCNN. It's such a rig system.
So you're ready cost our way down. Gasoline is going
to be hitting two dollars pretty soon.
Speaker 2 (07:23):
What no, it's not.
Speaker 3 (07:26):
Gasoline is a two seventy now. It was at four
fifty of the Biden under Sleepy Joe.
Speaker 2 (07:31):
The national average is a little over three right now.
That's that's, that's a fact. Now.
Speaker 3 (07:38):
Laura Ingram interrupted him and asked whether voters are misconceiving
their feelings about the economy. Trump did not answer, and
he started talking, you know about Biden and Kamala Harris.
Speaker 1 (07:57):
Again.
Speaker 3 (07:58):
He tried to defend the fifth the year mortgage plan
in that interview.
Speaker 2 (08:03):
Again.
Speaker 3 (08:04):
I would get into more of the things, but again
he really he needs a clean house, needs to clean house.
He's not getting very good advice, and I don't even
know if he's willing to accept it. You know, when
I talk about when i'm you know, you put together
a team of kids. You want kids that are coachable. Okay,
(08:27):
you can't know. He can't know everything, and you need help,
and he's getting really bad advice.
Speaker 2 (08:32):
I mean you see it.
Speaker 3 (08:33):
See whenever anybody in the administration steps up into the podium,
they spend their entire time talking about how wonderful and
how great the president is.
Speaker 2 (08:45):
It's bizarre to me.
Speaker 3 (08:48):
Currently the United States record eighteen point six trillion dollars
in household that thirteen point one trillion mortgages, one point
seven trillion in auto loans, one point seven trillion in
student loans, one point two trillion dollars in credit card debt.
Speaker 2 (09:11):
You have people that have been died in the world.
I mean big.
Speaker 3 (09:17):
Time MAGA supporters Sean Davis from The Federalist basically call
the PRESIDENTU good for him, weak and rudderless. President focusing
too much on foreign policy instead of the domestic issues
that affect tens of millions of Americans.
Speaker 2 (09:36):
Is he wrong? And again it's Congress too.
Speaker 3 (09:39):
So I don't know who's advising Congression Republicans on strategy
right now, but whoever it is has an IQ barely
approaching room temperature. Republicans right now have no accomplishments, no plans,
and no vision.
Speaker 2 (09:52):
Why on earth.
Speaker 3 (09:53):
Would anyone be excited to go vote for them twelve
months from now? Trump needs to ditch the foreign policy
crap and focus all is a ten on the domestic economy,
which is still not working for a majority of people.
Right now he looks weak and ruddless. Be mad all
you want, but it's the truth.
Speaker 2 (10:13):
Again. Where is the path to the American dream? Right now?
Who's giving the youth of today?
Speaker 3 (10:20):
This is what Sean was saying, giving them a vision
of a future worth fighting for. You cannot have a
viable country or future when half your country and all
its young people are locked out of the economy and
locked out of ever owning a home or much of
anything beyond next month's streaming subscription. Does anyone in Washington
care about this? Anyone at all? Republicans better wake up
(10:43):
because right now they're nightmares only beginning if they don't
start making massive changes.
Speaker 2 (10:50):
And again, be.
Speaker 3 (10:51):
Ah scorch earth attack on Trump is what the media said.
He says, this is not a condemnation, it's a call
for a course correction. What I have been saying, what
I have been saying since liberation day. We need a
course correction. This is not going to turn out well.
(11:13):
But instead, what do we get, What do we get
from the administration? What do we get from all those
pundits on Fox News. It's like kind of orwell remember
nineteen eighty four, Who can remember nineteen eighty four? Okay,
what was the most essential command by the party. The
party told you to reject the evidence of your eyes
(11:35):
and ears. It was their final, most essential command. Now,
let's get something done. Let's get something done. Okay, you
know again, I remember, I remember the night of the election.
(11:58):
I remember inauguring again, you talked a lot about you know,
this the you know, overcoming stuff, you know I it
was all fired up. We had dosee. It was palatable,
you know what I mean. I've got two unred plus
radio stations that cover this show. The excitement that they had,
(12:19):
they're flat now. People are concerned that they're not spending,
they're pulling back they wanted to go. I'm sorry, I
didn't vote for these policies. This administration pivoted from policies
that were aimed at generational prosperity to those that were
(12:40):
having today.
Speaker 2 (12:41):
And again, they're not good.
Speaker 3 (12:44):
You know they're talking about fifteen year car loans, fifteen
year car loans, fifty year mortgages. Don't get me started
a stupid two thousand dollars stimulus checks. We'll get the
math on that one. They keep talking about a golden age.
Stop telling people that they're better off than ever. Again, Yeah,
(13:07):
you no doubt about it, Okay, my clients, people of ownership,
Yeah they're killing it. Okay, But at some point in
time in life, people, you know what, and it's again.
Speaker 2 (13:18):
I did a podcast on it this past week. I did.
Speaker 3 (13:22):
I mean, people kind of ask me sometimes because I
talk about capitalism and doing the right thing in the
economy and getting into the morality of the entire thing.
Speaker 2 (13:32):
And our founders talked.
Speaker 3 (13:34):
But John Adams talked about this when it came to
the United States of America. They said, you know, you
can't have it's not possible to have a free society
unless there is a moral society.
Speaker 2 (13:45):
They have to have a moral grounding.
Speaker 3 (13:48):
How can you if people aren't afraid of God, if
they don't have morals, how are you going to have,
you know, a free society having gonna have small government,
little to no rules out there. Well, again, morality in
the United States has, without a doubt, has most certainly
gone downhill. And I've talked about this in terms of
(14:09):
Wall Street and he hath to go bypass at birth
that many of these people have they worship money. I
did a whole bit on what drives me and the
you know it again, it comes from my faith and
the Catechism of the Catholic Church. It lays out, lays
(14:31):
out nothing wrong with making money and profits. And I've
talked about you know, but it's not about getting over
on somebody else. That's not the goal. You're making a decision.
You're making investments for the greater good that the old
Adam Smith capitalism. Two people can sit down at a table,
(14:51):
both can walk away happy in.
Speaker 2 (14:55):
Their business dealings.
Speaker 3 (14:56):
Is there going to be competition, Yes, absolutely, But we've
lost our way. We've lost our way, and we've got
to get it back. This president, quite frankly, has lost
his way. I'm sorry. I know I'll get the nasty
message from the magaz oul or trust the plan.
Speaker 2 (15:16):
There's no plan.
Speaker 3 (15:18):
Okay, there's none. They have to course correctly, still do it.
Speaker 2 (15:24):
You haven't even been in office for a year.
Speaker 3 (15:27):
Okay, you change now you make that pivot right now,
you go back to the things you said.
Speaker 2 (15:32):
You go back, go back to twenty sixteen.
Speaker 3 (15:35):
And look at the Republican Party platform from twenty sixteen.
One of the best things in that platform was Donald
Trump was going to go after the monopolies. He was
gonna go after the big banks looking to break them up. Good,
those were great ideas. Go back to them again, back
(15:55):
to the basics. You've lost your way. Okay, we've hit
the blue screen of death. Hit the power button.
Speaker 2 (16:03):
Reboot.
Speaker 3 (16:05):
Watchdog on Wallstreet dot Com. Watchdog on Wallstreet dot com
is our site. Become a part of the Watchdog on
Wall Street family, our personal CFO program, our podcast, our newsletter,
all sorts of great stuff Watchdog on Wallstreet dot com
or give us a call eight hundred four seven one
fifty nine eight five.
Speaker 2 (16:25):
No, what isn't is it?
Speaker 1 (16:27):
Math the only man who is taking on the Wall
Street establishment. You're listening to the Watchdog and Wall Street
with Chris Markowski.
Speaker 3 (16:50):
Seriously, who thinks this two thousand dollars tariff check is
a good idea? I mean, honestly, I be honest, be honest.
Do you really think it's a good idea. Let's do
a little well, we'll call it tariff math versus tariff magic.
(17:13):
I'm yeah, I'm not a math genius by any stretch
of the imagination.
Speaker 2 (17:18):
Yeah.
Speaker 3 (17:19):
I could handle it, can handle it when I was
in uh high school, can handle it when I was
in college. But I was no guru by any stretching imagination.
My partner and my brother, Matthew Markowski, on the other hand, uh,
he made that was his major in college.
Speaker 2 (17:35):
Again, I don't know how many majors in math. Again.
Speaker 3 (17:37):
You gotta have special brain cells that I don't have. Anyway.
I remember I did a column on this year's ago
called math is Power, and I was actually teasing Matt
in it a little bit as well. But anyway, math
is power. But I'm just gonna do some basic math here. Okay,
everybody follow following. I don't numbers don't translate well on radio.
Speaker 2 (18:01):
I get it.
Speaker 3 (18:02):
Annual tariff revenue three hundred and fifty billion dollars. The
total cost of sending out two thousand dollars checks is
seven hundred billion dollars. So we're gonna go into debt
(18:23):
to cut check. But the administration is saying that not
only are we gonna send out two thousand dollars checks,
but we're also going to pay down our debt?
Speaker 2 (18:35):
Now again this is the magic part.
Speaker 3 (18:41):
This is this is the magic right because again I
again I'm maybe, I'm maybe, I'm just dense. I don't
understand this math, not to mention the fact that we're
running a one point eight trillion dollar deficit. So how
in the world could we pay down any debt when
we're running a one point eight trillion dollar deficit and
(19:03):
the tariff revenue is three hundred and fifty billion, and
you want to send checks out the seven hundred billion.
Secretary of Treasury, Scott Vessant, took to the airwaves and
he's already doing damage control, saying the two thousand dollars
then it was a two thousand dollars dividend, two thousand
dollars dividend. It won't be in a check, Maybe it
(19:26):
might be in some sort of tax cut. President is
obviously concerned that the Supreme Court is going to rule
against him on this, and he says that the unwined.
Speaker 2 (19:38):
He's going to have to return three trillion dollars.
Speaker 3 (19:45):
Why would you have to return three trillion dollars if
you've only collected three hundred and fifty billion dollars, Not
to mention the fact, not to mention the fact that
you knew that there was just a case against you. Maybe,
just maybe you should have put that money that you
were collecting in tariffs into escrow just in case it
(20:06):
was ruled against you.
Speaker 2 (20:09):
I'm just you know again, I'm just people.
Speaker 3 (20:12):
This is prove me wrong. Basic math. I got going
on right here? Basic math. You explain this to me,
because I just I don't get it.
Speaker 2 (20:22):
Don't get it anyway. Cothtick Watchdog on Wallstreet dot com.
Watch Dog on Wallstreet dot com.
Speaker 3 (20:30):
Is our site, personal CFO program, podcast, newsletter, all sorts
of great stuff.
Speaker 2 (20:35):
Watchdog on Wallstreet dot com back.
Speaker 1 (20:41):
Chris Markowski is the Watchdog on Wall Street. You should
believe in math, not magic. You're listening to the Watchdog
(21:04):
on Wall Street with Chris Markowski.
Speaker 2 (21:07):
Yes, wait away.
Speaker 3 (21:09):
Everybody always honored to be in front of the microphone
week in, week out, fighting for you. Watchdog on Wallstreet
dot com Again our site become part of the Watchdog
on Wall Street family. We got to talk about the
other major controversy.
Speaker 2 (21:25):
Again.
Speaker 3 (21:26):
A lot many people angry. Many people angry about some
of the comments that the president made. And again I
don't Susie Wiles Characters is chief of staff. She needs
to go. The guy's seventy nine bloody years old. Okay,
he's not prepared for these interviews. Quite frankly, he's probably
bloody exhausted for crying out loud. Again, I'm not seventy
(21:52):
nine years old. I'm getting up there. And I said,
I put in long days. I'm up every day at
three o'clock in the morning. I again, I spend a
lot of time time in front of a microphone talking
to people, whatever it may be. But I also do
spend a lot of a time doing prep for all
of this stuff. He's doing things an administration do thing.
He's being asked questions about him, and he can't answer.
(22:13):
You don't need to be in front of a camera.
You don't need to be in front of a microphone
every two seconds.
Speaker 2 (22:18):
Just don't.
Speaker 3 (22:20):
How did it work out during COVID, by the way,
it was stupid. We don't need the Trump Show every twoesday.
Speaker 2 (22:28):
Just don't.
Speaker 3 (22:32):
Anyway, So Chinese students, lauringram masqu you have said, you
have said six hundred thousand Chinese students could come to
the United States. Why is that pro Maga position when
so many American kids want to.
Speaker 2 (22:45):
Go to school.
Speaker 3 (22:47):
Trump, We do have a lot of people coming in
from China. We always have. We have a massive system
of colleges and universities. If were to cut that in half,
you would have had half the colleges in the United
States go out of business. Laur Ingram says, so what, Trump,
you would have historically black colleges and universities, they would
be all out of business. You don't want to cut
half the students from all over the world that are
coming into our country and destroy our entire university and
(23:10):
college system. Maga was my idea. I know what Maga
wants better than anybody else, really, because Maga was pretty
ticked off at this statement. Anyway, First and foremost, let's
break this down. He's not wrong, Okay, he's not wrong
when it comes to foreign students. Foreign students pay full freight.
(23:36):
They pay full freight. And he's not wrong that many
colleges and universities would go out of business. Now, when
Laura Ingram says, so what, Okay, this is where the
president is tired Okay, he should have been able to
knock this out of the park.
Speaker 2 (23:52):
I would have been like, Laura.
Speaker 3 (23:53):
Excuse me, Okay, do you understand all of the families
that would be affect did all of the businesses surrounding
colleges and universities, from eating and drinking establishments to you know,
apartment owners to dry I mean, all of those things
would go out of business too. Now, do I think
(24:16):
that we should slowly but surely start lowering it over
time so colleges and universities can adjust.
Speaker 2 (24:23):
Absolutely.
Speaker 3 (24:24):
Now, as far as Laura, why you know so many
Americans want to go to school. Americans are not going
to school to the same degree that they used to.
Enrollment is way down. One of the things we could
be doing, Laura, is taking some of these smaller schools
out there that would be financially affected by this and
turning them into trade schools slash entrepreneurial schools, which would
(24:48):
be a great direction, Laura. As you know, he didn't
know how to answer the question. He didn't know how
to answer the question. And it comes up with historically
black colleges and university's gonna go out of business. Yeah, yeah, yeah,
because I'm sure there's a lot of Chinese students going
to Howard.
Speaker 2 (25:08):
Come on, man, if you don't have the.
Speaker 3 (25:11):
Answer to something, just say you don't know. Okay, Yes,
our entire college and university system needs to be downsized.
It was completely built out. It's a business, and as
we said, out of business. They're supposed to be nonprofits.
It has been a business. I've called them hedge funds
for a long period of time. We've allowed this because
(25:32):
the taxpayer has been footing the bill.
Speaker 2 (25:34):
Okay.
Speaker 3 (25:35):
Student loans were under one trillion dollar, well under one
trillion dollars before Obama decided to take the thing over.
It's an industry in of itself. They become diploma mills.
But again, to just shut that off, to flip a
switch and put them all in business, a lot of
people are gonna be adversely affected by that. He could
(25:58):
have handled that question, ah of a lot better. The
entire problem is, again, they are businesses. Any sort of
subsidy and you can go all the way back. I've
explained this before. College and university costs to go to
colleges and universities right now. It started under LBJ. It
(26:25):
started when you started subsidizing this student moans. Stut moons
should be if you can offer stut moone should be
like any other loan, it could be discharged in bankruptcy,
meaning what the interest rates would be much much higher.
The banks would I feel, actually make sure whether or
not you were getting a degree that was useful where
you could pay it back and it actually probably stay
on top of how well you were doing at school,
(26:45):
or your loan would get pulled because they want to
get repaid.
Speaker 2 (26:49):
What would that do?
Speaker 3 (26:51):
That would again, that would take capital away from these
colleges and universities and their ability to charge in arm
in a lake. And maybe they wouldn't hire so many administras,
maybe they'd start hiring more professors. It is what it is.
Gotta take a break. Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot com. Oh man, I could do I
(27:15):
could do it easy. Ten twelve hours today, no problem.
Speaker 2 (27:18):
No problem.
Speaker 3 (27:18):
We got a lot we gotta go for Watchdog on
Wallstreet dot Com.
Speaker 2 (27:21):
We'll be back.
Speaker 1 (27:36):
Bringing America financial freedom. One listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (27:47):
Packnosed. It is the Watchdog on Wall Street Show.
Speaker 3 (27:51):
Now if I was to say, I saved the best
for Lass, well the worst for Lass. Probably the the
worst part of the interview with Laura Ingram had to
do with H one B Visus.
Speaker 2 (28:08):
The whole interview was pretty bad, all I know.
Speaker 3 (28:10):
He took her on a tour around the White House,
try to show her how beautiful everything is. Like I said,
in my opinion, it looks like it looks like Liberachi
was on acid and decided to start doing stuff there
at the I mean honestly.
Speaker 2 (28:27):
And oh yeah, it looks real gold here. No, dude,
you can buy those things at home depot. Man.
Speaker 3 (28:33):
Okay, everyone knows you can buy them at home depot
because you can look it up.
Speaker 2 (28:37):
All right.
Speaker 3 (28:38):
Anyway, anyway, get to the H one D Visa situation here.
So so he was asked, okay about you know these
you know people coming in here H one B Visus. Okay,
he said. He said, we got to bring in talent.
I agree, you know, I agree with you, Laurie. You know,
(29:01):
probably age, but we got to bring in talent. And
Laura Ingram said, well, we have plenty of talented people here.
Trump said, now you don't, laur Ingram, we.
Speaker 2 (29:13):
Don't have talented people here. No, whoa.
Speaker 3 (29:22):
Again again instantly, Okay, you had paid inflorenced Maga types
all over flipping out over this, and rightfully some again,
this is not this is not maga. This is not
what the president has said in the past, and in fact, it's.
Speaker 2 (29:46):
A complete one hundred and eighty degree turn. I am.
I'm going back on this program.
Speaker 3 (29:52):
This program, we'll go back to twenty fifteen, two thousand,
ten years ago. Here on the program, we covered extent
extensively the entire Disney H one B Visus scandal where
Disney was bringing in workers from India and he had
the Disney employees train their replacements and then fire them.
(30:19):
Don't tell me that there is not a scandal, Okay,
I got to hand it to Will Caine. Okay again,
Will Caine and Laura Ingram are probably getting a ton
of really really nasty messages from the administration. I ask
you Laura Ingram's social media feed. You know, quite frankly,
(30:40):
she was putting stuff out without her. It's her people
who was basically praising the president after the interview and
like one little sentence things.
Speaker 2 (30:47):
You know, they're they're afraid for her.
Speaker 3 (30:49):
At this point in time, okay, And I've been a
very harsh critic of Laura Ingram for a very long
period of time, but she actually did ask difficult questions.
She did she pressed the present first person Fox to
ever press the president Marrio Berneromo never does. Sean Handy
most certainly doesn't, but again she did. We're gonna do
(31:14):
I'm gonna get into this. I'm gonna go back.
Speaker 2 (31:15):
I wanna go back to two thousand, uh twenty fifteen.
Speaker 3 (31:19):
We're gonnaalk. I'm gonna actually read you a statement by
Donald J. Trump on H one B visas from March third,
twenty sixteen, and we'll delve into this a little bit further.
Speaker 2 (31:31):
Watchdog on Wallstreet dot com.
Speaker 3 (31:33):
Watchdog on Wallstreet dot com is our site.
Speaker 2 (31:36):
We'll be back.
Speaker 1 (31:39):
You're listening to the Watchdog on Wall Street ticking Wall Streets, lions,
(32:00):
crooks and cheets out behind the woodshed. You're listening to
the Watchdog on Wall Street.
Speaker 2 (32:08):
I'm so sick in time.
Speaker 3 (32:09):
I'm really I'm so sick and tired of being lied
to again and again and again by these people in power,
big business out that they've been doing this for some time.
I used to scream about this US Chamber Commerce always
pushing for oh, you know, no border control and open
border nonsense.
Speaker 2 (32:26):
Have never been for that.
Speaker 3 (32:28):
I've always been for yeah, yeah, legal immigration, controlled immigration,
and immigration where you assimilate people. Now what we're being told,
we're being oh, yes, this is rue. We got to
bring in this talent. And you know, all got all
these people that have done well here in this country
that have come here on visus. Okay, I'll give you
an example. Okay, I've actually even heard the oh you
(32:51):
know what you can like sho TONI playing baseball? You
want to bring in show he tany bring in showheya, Tony.
You don't bring in the whole Japanese Baseball league into
the country. Okay, so much talented, what absolutely have at it.
I've talked about that. The kids that go to college
here that you know, they graduate from here and they
(33:12):
do well, you know, I have no.
Speaker 2 (33:13):
Problem keeping them here.
Speaker 3 (33:15):
These are the numbers, and again I got a hand
it to Will Kine, and.
Speaker 2 (33:20):
I hope he's able to keep his job.
Speaker 3 (33:22):
Okay, but he actually put out seventy percent of the
H one B visa holders come from India, ten to
fifteen percent come from China. Eighty percent of H one
B approvals entry level junior level jobs, entry level. One
(33:50):
of my son's best friends, one of my son's best friends. True,
he they just graduated, and he just graduated way up
at the top of this class. Computer and drink are
really really smart. Kid got a job, got a job
at Amazon doing all sorts of coding work, whatever it
may be. He's talking to his dad, talking to his
(34:13):
dad a few weeks ago. He says, like, you don't understand.
He's the only one in his group that's American. Everyone
else is an H one B visa holder. He said, hilarious.
They do like work things together where they go to top
golf and they all think he's Tiger Woods because golf
(34:33):
or could.
Speaker 2 (34:34):
Do any that are not athletic at all.
Speaker 3 (34:35):
He's the only one I've already I already know recent
college grads that have been fired from tech companies and
replaced with foreigners. Now again these companies that are doing this.
Let's let's talk about this a little bit, shall we. Okay,
let's talk about you know, what is an H one
(34:56):
B visa. You know, you don't get to do whatever
you want. You're not getting they say, you're going to
get a prevailing wage really prevail way, or do they
have to provide healthcare?
Speaker 2 (35:11):
Do they have to oh retirement plans?
Speaker 3 (35:15):
Or is your employer putting money into the Social Security
system paying Paika for that worker not to mention the fact.
Can that worker actually say, hey, you know what, that
company around the corner is willing to pay me a
hell of a lot more. I want to go there
or pay me more. None can't do that for all
(35:39):
intents and purposes. You're an indentured servant. You are, It's biblical.
You're an indentured servit. Your e's one, BB's a holder.
You can't go job shopping, you can't pick up and
go and oh they put sweeteners in it, now you know,
and it makes it even worse. They allow you to
move your family here and sometimes your grandparents, and they
can get on government assistance, and they can cost the
(35:59):
taxpayer more.
Speaker 2 (36:01):
What. I don't have any problem with H one BVS.
I really don't.
Speaker 3 (36:06):
The system itself is set up wrong and it needs
to be reformed, period the end. But you get the
President of United says nope, nope, no literal, literal. And
the weird thing is is that the Vice President said
the polar opposite this past week giving a speech. This
(36:26):
is some statement by Donald J. Trump on position on visas.
March third, twenty sixteen, Megan Kelly asked about highly skilled immigration.
The H one B program is neither high skill nor immigration.
These are temporary foreign workers imported from abroad for the
explicit purpose of substituting for American workers at lower pay.
(36:50):
I remain totally committed to eliminating a rampant, widespread H
one V abuse and ending outrageous practices such as those
that occurred at Disney and Florida when Americans were forced
to train their foreign placements. I will end forever the
use of the H one B as a cheap labor
program and institute an absolute requirement to hire American workers
first for every visa and immigration program, no exceptions.
Speaker 2 (37:16):
Did Was there invasion of the body snatchers? Did? Did? Where? Where? Where?
Did the President go?
Speaker 1 (37:24):
Where?
Speaker 2 (37:24):
President go?
Speaker 3 (37:26):
Oh no, no, no, no, American Americans don't have the talent,
they don't have the ability. He remember we talked about
the the factory. Talks about the factory in uh It
was outside of Atlanta. I think it was Hyundai or
something like that. No, no, no, Americans don't have to
tell we don't have the ability. We can't do it.
So these people have been standing on the unemployment lines
for four years. You can't know they can't make magnets.
(37:47):
Magnets are way too complicated. Again, the interview was beyond bizarre,
beyond I mean again, dude needs a vacation. Man, stop
stop doing interviews. I don't know. You know what about
those Rosie the Riveter, Remember what about those housewives? Hows wives, housewives?
(38:11):
And this is back in the day when again, my
women didn't go to college.
Speaker 2 (38:15):
Okay, prior to World War Two.
Speaker 3 (38:17):
We all know that the zero experience housewives Rosie the
Riveters making aircraft and tanks for World War two. Again,
we had the military the size of what Romania's prior
to World War Two. Yet we managed to get people
and teach them and train them how to work on
(38:39):
the assembly lines. We can't do that now, that's that's
you're saying, Well, crap, Then you know, we might as
well just put everybody on universal basic income here in
this country. He might as well part our university basic
income and just have the rest of the world come
in here and do all the work force.
Speaker 2 (38:58):
You know before Elon can make us robot.
Speaker 3 (39:00):
And then do it for us, So it would be
like that movie Wally, God help us all. Okay, anyway,
I know, pretty heavy show today. Heavy show today, I
get it, but listen, Ken, God bless you all. Thanks
for tuning in and again become a part of our family.
Watchdog on Wallstreet dot com, personal CFO program, podcast, newsletter.
Speaker 2 (39:21):
Again. We'll see you next week. Everybody, God bless
Speaker 1 (39:28):
Chris Markowski is the Watchdog on Wall Street.
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