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November 25, 2025 22 mins
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In this fiery commentary, Chris argues that Donald Trump is completely misreading the political moment and must channel his inner Ronald Reagan before the GOP collapses in 2025. With Republicans demoralized, members considering resignations, and six in ten Americans believing the country is heading in the wrong direction, the message is clear: kitchen-table issues—not foreign conflicts, not populist checks, not tariffs—are what matter now. Chris calls on Trump to drop the MAGA populism, revisit the pro-growth conservatism of the 1980s, and rediscover the winning Reagan playbook: real capitalism, lower taxes, deregulation, and optimism. It’s a plea for a course correction before the party faces a wipeout—and a reminder that America doesn’t want handouts, it wants opportunity.
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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):
We need Reagan.

Speaker 3 (00:17):
Mister President Trump, Hello, remember the eighties? Remember the eighties?
I do maybe over Thanksgiving weekend, President of the United States,
kake a little time off, sit down, maybe maybe put on,
maybe put on some eighties We watch a little die Hard,
you know, pretty much a Christmas action movie. I am
throw on Ferris Bueller's Day Off. You got you gotta

(00:39):
go back to the eighties, mister President, because.

Speaker 2 (00:44):
You're in trouble.

Speaker 3 (00:46):
This is this is some of the messages. And I'm
getting various different Republican members considering retiring in the middle
of the term life Marjorie tail or green quote. This
entire White House team has treated all members like garbage
all and Mike Johnson has let it happen because he

(01:09):
wanted it to happen. That is a sentiment of nearly
all appropriators, author, writers, hawks, doves, rank and file. The
arrogance of this White House team is off putting to
members who are run rough, shot and threatened. They don't
even allow little wins like announcing small grants or responding
from agencies, not even the high profile. The regular rank
and file members are more upset than ever. Members know

(01:32):
they are going into the minority after the midterms. More
explosive early resignations are coming. I'm getting that from more
than one source, more than one source. Okay, let's just
put that aside, and let's just pretend that's.

Speaker 2 (01:47):
Not even accurate. That's not even real.

Speaker 3 (01:54):
Six out of ten, six out of ten Americans right
now feel that the country is headed in the wrong
direction again. Trump got off got off to a blazing
start going after all the woke crap doge, all sorts

(02:15):
of things that he was doing went off the rails
as of late. I'm gonna give credit where credits do,
and I hope things work out on the foreign policy
front with Ukraine and Russia. But let's let's be honest
with this. Most Americans don't give a damn. That's most

(02:38):
Americans are not paying attention to that at all. That's
not going to swing the electorate either way. He can
come out and talk about all the wars that he's
ended conflicts, whatever it may be, it's going to go
in one ear out the other. What is most important,
it's the economy, stupid James Carville, school prices, taxes, bills, crime,

(03:10):
These are the things that matter to Americans. These are
the winning issues. And on that front, it's not working.
I don't care how many times, how many times you
push Scott Bessent out there. He's got to be the
most widely seen Secretary of the Treasury I've ever seen.

(03:32):
I've never seen anything like this. He is on a
news program all the time, every weekend on CNBC a
few times every single week. And again, mixed messages. You
get one thing from one member of the administration, you
get another thing from another member of the administration. No,

(03:54):
this is what we meant here.

Speaker 2 (03:58):
Yeah, I think the Americans are happy with some things
at the present done. Yeah.

Speaker 3 (04:02):
I think that most Americans are thrilled that the border
has been shut down. That's a great win, there's no
doubt about that. It's a great win. But again, everything
else not so much, not so much. And based upon
the fact that six and ten Americans feel that the

(04:23):
country's going in the wrong direction, GOP is going to
get wiped out next year. Well again, hey, who knows.
You know, Democrats have been known to step in it.
It's actually funny. James Carville had a op end today
in the New York Times basically blasting woke, just going
off on all a crazy Democrat woke crap and said

(04:46):
to focus on again kitchen table issues. Okay, so now what.

Speaker 2 (04:56):
Okay?

Speaker 3 (04:56):
I did this program again. I try to pride myself
talk about issues and problems, but we also like.

Speaker 2 (05:01):
To come up with solutions.

Speaker 3 (05:03):
Donald Trump has got to channel his inner Ronald Reagan.

Speaker 2 (05:08):
Just that simple. Like I said, watch some eighties movies
this weekend. He's gotta pivot.

Speaker 3 (05:15):
He's gotta get off this populist mag crap that he
has been pushing.

Speaker 2 (05:21):
You gotta go old school man.

Speaker 3 (05:24):
Okay, you got to dust off the policies that worked,
that always will work. True conservatism, supply side, pro growth,
republican issues. Okay, no more tariffs, no more substance. You
know this is what we're getting right now? Does this

(05:47):
sound the slightest bit republican to you?

Speaker 2 (05:49):
I don't even what this is. Okay, tariffs.

Speaker 3 (05:56):
Checks two thousand dollars tariff checks, By the way, what
happened to those dose checks that it's going to get.

Speaker 2 (06:03):
Remember those two expanding, expanding, extending.

Speaker 3 (06:09):
The Biden era Obamacare checks, subsidizing certain industries because of
your tariffs.

Speaker 2 (06:19):
I mean, this is I don't know what this is.
I really don't.

Speaker 3 (06:27):
This is not Republican by any stretch of the imagination.

Speaker 2 (06:31):
And I'm sorry, I really don't believe.

Speaker 3 (06:36):
I don't believe that the American public. I don't believe
the American people for the most part. I mean some do, Okay,
I'm not going to ignore that, but I believe the
overwhelming amount of Americans out there, quite frankly, they don't
want to check. They don't they don't want to check.
They don't want handouts. They don't want welfare. They want

(06:58):
a shot.

Speaker 2 (07:01):
They want to shot. They want to be able to.

Speaker 3 (07:04):
Go out and work and take care of their families.
I don't believe that Americans want welfare. I had this
column sent overs off the Epic Times today. It was
kind of fascinating. I'm going to get into a little
bit the new moral revival, why socialism feels like faith

(07:27):
to a generation searching for meaning, and in this article
talks about how political movements Throughout history risen more from
longing than from logic. Each generation faces a moment when
faith fades meaning roads and something new rushes in to
fill the void. Today, that longing has found a modern language,

(07:50):
one spoken in the vocabulary of compassion, justice, and equality.
It's the language of socialism, reborn not as an economic theory,
but as a moral revival. Symbols are familiar race fist,
five point star, working class solidarity, yet their meanings have

(08:11):
been reversed. What older Americans remember as the insignia of oppression,
younger voters now see as signs of empathy and care.
For one generation, socialism recalls breadlines and tyranny. For another,
it offers belonging and moral purpose. That reversal tells us
something profound about the age we live in. The battle
lines of politics have moved from economics to ethics. Interesting

(08:36):
dsa Democratic Socialist of America, nation's largest self described socialist organization,
has become the primary vessel for this moral reawakening. It
isn't a traditional party, but a movement, one that runs
candidates under the democratic banner while seeking to transform the
moral imagination of American life. Its goals not to merely
win elections, but to convert hearts and make socialism feel

(08:57):
less like rebellion and moral likely righteousness. Yeah again, it's
marketing and they're doing a good job with it. Every
generation inherits a kind of despair. For those born after
the Cold War, despair wasn't bombs or poverty, but meaninglessness again, meaninglessness.

Speaker 2 (09:26):
That I I don't understand.

Speaker 3 (09:29):
You know, I have a tough time getting that your
life has no meaning because the Cold War was over.

Speaker 2 (09:37):
I was born before the Cold War, you know.

Speaker 3 (09:39):
Lived through it, and I'm like, that didn't define me
nor give us meaning by any stretch anyway. Anxiety and
loneliness have reached record highs, and trust in institutions has
mostly collapsed, and rightfully so. Rightfully so, I mean for
crying out loud, mask up fifteen days to stop the spread.

(10:07):
I for crying out, I'm going to war for twenty
something plus years in Afghanistan to replace the Taliban with
the Taliban. I'm not part of this born after the
Cold War generation, and I see all this.

Speaker 2 (10:22):
I have zero.

Speaker 3 (10:23):
Trust in these institutions. For many movements, such as the DSA,
now fill the role that faith and family once played,
providing a community with moral certainty, in a sense of mission.
Reporting to Gallup, we've talked about this. American's confidence in
capitalism has fallen to its lowest level on record. Again,

(10:47):
we don't really practice capitalism, we don't. We know, people,
you want to go back to the Reagan years. You
know what we had in the Reagan years, lots of banks, uh,
monopolies broken up?

Speaker 2 (11:04):
Oh yeah, yeah.

Speaker 3 (11:06):
You know, we didn't have again, they didn't repeal a
glass steegel. Things changed dramatically, very quickly here in this country.
We went to a more corporatus model, and we think
that that's some sort that's capitalist.

Speaker 2 (11:20):
No, it's not. No, it's not. I explain to people
all the time.

Speaker 3 (11:24):
But these big companies out there, you know what that
you take a look at their valuations and you say,
you break them up, they're worth more. They're worth more
if you break them up rather than keeping them as
a whole. But anyway, neither here or there, it's a
different direction. It is interesting though, and they get into
this in this article about where we're at today, also

(11:45):
talking about the revival that we're seeing with people going
to mass and kids going to church. It was actually
an article in the New York Times a week ago talking
about the amount of young people going to Orthodox masks.
My wife's Greek Orthodox, and you know, she's like, well, Chris, look,

(12:07):
you know, I'm Catholic, but I see it. I go
to Mass. Try to go to Mass daily, twelve o'clock.
They have half an hour Mass at my church right
near my house. The amount of young people that are
there daily, college kids blown away.

Speaker 2 (12:27):
Well, I just putting to you this way.

Speaker 3 (12:28):
You know, when I was young, I was an altar
boy and I had to do seven o'clock Mass every
single day. My grandmother and aunt would take me. Okay,
the crowns are much bigger now again I remember it
was up to the altar full again, just saying, okay,

(12:50):
that's actually a good sign. The President of the United
States again, he's an older guy. I don't know who's
whispering in his ear again, for whatever reason it may be,

(13:12):
I think he is completely failing to read the room.

Speaker 2 (13:17):
A complete failure to read the room. And what's really
going on.

Speaker 3 (13:22):
He keeps, you know, people cure Yeah, yeah, economy's great,
prices are down, all this stuff.

Speaker 2 (13:27):
Everything is awesome. Lego song like I sing again and
again and again.

Speaker 3 (13:31):
Okay, I don't know who's telling him is crap, but
you know it's interesting. This is from It's from the
vice president. It's from the vice president. After four years
of house price is doubling in some areas tripling, many
young people feel priced out of the American dream of

(13:51):
homee ownership. A welfare fraud scandal in Minnesota reveals that
large numbers of new arrivals aren't assimilating and are funneling
our tax dollars to literal terrorist groups. And as a
woman who was set on fire in Chicago as a
mayor resist federal law enforcement resources to bring peace to
one of our great cities. The Obamacare insurance system is
buckling under its own weight, and the country is thirty

(14:11):
eight trillion dollars in debt. Our administration is working hard
on addressing all of these problems. Threw that in there, okay,
because if we didn't throw that in there, I don't
know President would found a way to make them disappear. Okay,

(14:32):
I don't see you working very hard on addressing any
of those problems. But he was basically going off on Republicans.
He said, what really fires up the beltwag gop not
any of the above. Instead, the political class really angry
that Trump is trying to bring an end to the
conflict in Eastern Europe because again you get some of
the neo cons out there in the military industrial complex

(14:58):
types that you want to keep the part going and
at war. Come on, man, the thing's been going on
four years. You know, we gotta go for a record. Man,
we gotta go. We gotta do like you know, Afghanistan
and Iraq. We gotta keep these things going for a
couple of decades. You know, you know how much money
we can make of this. And again, this is quite frankly,
a whole lot of these sick puppies think. But we

(15:18):
wrote for him again and again and again. But it
was interesting that Vance put that out there. He's well
aware what's going on. He is well aware of what's
going on on the ground. And I'm quite frankly I
don't think he has the president's ear. I just don't. Anyway,
I pulled this up. Yes, this is point in time

(15:43):
where things were looking pretty bleak here in this country.
Things are getting pretty tough. This is again, this is
January two thousand and eight. January two thousand and eight,
You know in financial crisis. Kicking in to gear, I
wrote a column called Santa Claus is coming to town

(16:04):
and talking about actually brought up the nineteen twenty eight
presidential campaign slogan for Herbert Hoover Chicken in every pot,
a car in every garage, and I said, I think
the motto for both Democrats and Republicans, and again, people,
I'm pretty consistent as being an equal opportunity basher. Okay,

(16:25):
both Democrats Republicans for two thousand and eight should be
a flat screen TV on every wall courtesy of your
incumbent congressman. Everyone get ready for government checks. The want
to be Santas in Washington have come up with a
compromise and are readying the sled to distribute all Americans
three hundred dollars. Families with children will receive an additional
three hundred for every child, up to a maximum twelve hundred, unless,

(16:48):
of course, you're on the naughty list, And the naughty
list is for all the bad boys and girls that
make over seventy five thousand dollars a year dinner, how
dare you work hard and be successful? The political hacks
are falling all over themselves in self congratulatory mode, pointing
to this wondrous example of bipartisanship, which of course is nonsense.
This is not an example by partisanship, It's an example

(17:09):
of desperation. And I am gonna call this exactly what.
This is, the vote buying, media fearing Incumbency Protection Bill
of two thousand and eight. A.

Speaker 2 (17:22):
Yeah, I'll go on what I wrote. It's kind of interesting.

Speaker 3 (17:25):
What an absolute jokes politicians must really think.

Speaker 2 (17:29):
Americans are stupid.

Speaker 3 (17:30):
Congressional approval ratings are at all time lows, and in
order to get themselves re elected, have decided to buy
everyone a new flat screen. The cast right and ever
growing pathetic Republican Party fearing the talking heads at CNN
in New York Times will be rate them for doing
nothing in the face of catastrophe. Again, sound familiar. That's
what we're gonna get right now. That's we're gonna get

(17:51):
right now. When it comes to Obamacare subsidies, Yeah again,
you're gonna get. Oh, we're gonna get something, something.

Speaker 2 (17:57):
Big, gonna they're gonna give away. You got Republican Rick Scott, Hey,
I got an idea.

Speaker 3 (18:03):
We'll just uh well, we'll just gotta put money into
people's HSA accounts, same crap man. Okay, they still gotta
buy the same crappy insurance. Okay, so you're not sending
it directly to the insurance companies. You're sending it to
the person's HSA account and then they're gonna go ahead
and buy it. Like there's that much of a discrepancy

(18:23):
at this point in time between insurance policies.

Speaker 2 (18:26):
Are you kidding me? Do you think we're stupid anyway? Yeah?

Speaker 3 (18:35):
The uh doing nothing, the and the inevitable yet ridiculous
comparisons between our current economic situation and the failed New
Orleans levees.

Speaker 2 (18:44):
Gabed again back back in the day.

Speaker 3 (18:47):
Aside from a couple of U expedited deductions for businesses
that build, is nothing but redistribute tax dollars. Very next day,
the President stepped to the podium to announce the stimulus plan.
The stock market tank. The speech was weak and both
delivery and content, and led to a fantastic article. I
remember Michelle Malkin, and again this is what she wrote.

(19:09):
I need a man, a man who can say no,
a man who rejects big nanny government, A man who
thinks being president doesn't mean playing Santa Claus. A man
who won't panic in the face of economic pain, a
man who won't succumb to media driven sobs stories. A
man who can look voters, the media, and the chicken
littles in Congress in the eye and say three words

(19:30):
no one wants to hear in Washington, suck it up again.
I use that phrase all the time when I'm coaching.
Suck it up anyway. We need a course correction, mister president.
But quick, but quick, Okay, you can again, you can

(19:55):
get out there and everything's great, everything's awesome. Sorry, man,
it's not flying now. I don't care how many times
you say, and I don't care how many times you
send your little sickophants. I mean, Trump has got some
real brown nosers in Congress, oh my, and the and

(20:18):
the people on social media. You know, one more point
on this before I go, what's his name there, Mark
Wayne mull I mean, some of these guys out there,
they he actually said this. He actually went on television.

Speaker 2 (20:31):
And said, well, you know, you know, the coach has
got it. Here's a sport, and a coach has got.

Speaker 3 (20:36):
A planner or is calling a play, and certain players
out there don't want to run that play.

Speaker 2 (20:40):
How's that going to work? Dude? Did you ever you
ever take a Civics class in your life?

Speaker 3 (20:46):
That's that's not how his country is run, man, But
if you want the country run that way, guess what
you're not. You serve no purpose. You guys might as
well just be a house of lords and just rub
stamp everything. The Congress is supposed to do whatever the

(21:06):
president wants.

Speaker 2 (21:07):
If that's the case, why do we even pay you?
You serve no purpose anyway.

Speaker 3 (21:15):
And these are these are the types of individuals that
you vote for. Why because your guy, your guy backed them.
Because I'm saying the Eagle Republican or I'm this Democrat,
whatever it may be, that that's what you as you
want representing your district. Someone uh, someone with no balls.

Speaker 2 (21:41):
That you vote for. I didn't anyway this president.

Speaker 3 (21:49):
Joy, Joy the Thanksgiving holiday, Best of wishes to you
in your family, and just do us a solid throw
on some eighties films? Remember the eighties? My friend watchdog
on Wall Street dot Com.
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