October 8, 2025 • 12 mins
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Frustrated and fed up, the host unloads on Republicans for once again caving to political pressure — this time to keep Obamacare’s bloated subsidy system alive. He breaks down how taxpayer money props up a failing healthcare model, why both parties are guilty of protecting insurance industry interests, and how the GOP’s fear of bad optics keeps real reform off the table. It’s a blistering call for courage, free-market sanity, and one simple wish: just one win for common sense.
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
Frustrated and fed up, the host unloads on Republicans for once again caving to political pressure — this time to keep Obamacare’s bloated subsidy system alive. He breaks down how taxpayer money props up a failing healthcare model, why both parties are guilty of protecting insurance industry interests, and how the GOP’s fear of bad optics keeps real reform off the table. It’s a blistering call for courage, free-market sanity, and one simple wish: just one win for common sense.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast, explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
For once, I'd like to win. I'd like to win
one time. For one time, i would.
Speaker 3 (00:22):
Like Republicans to actually do the right thing. I'm an
equal opportunity basher here on this show, and then that
way forever. I left a Republican Party many many moons ago,
because all they do is lie. All they do is lie.
They don't follow through on anything. I'm not one of
(00:44):
those guys that goes into a voting booth and says, oh,
I'm just going to vote for all the ours. No,
I'd rather not vote if I think the candidate sucks.
Right now, Right now, it looks like looks like well,
it looks like the Republicans are going to cave President
yesterday is you know, mumbling about.
Speaker 2 (01:03):
You know, it's going there four or five days, and
then we're going to see what jobs.
Speaker 3 (01:07):
Are going to be cutting that he threw out the
idea that people aren't going to get paid. I'm gonna
go out and call bullshit on that, Okay, because that's
exactly what it is. Okay, the media will report on it,
but nobody believes it. Nobody believes it. It's not going
(01:28):
to happen. There's not going to be any jobs are
going to be cut, and everybody who's furloughed is going
to get their check, mark my words. Okay, you can
count on it. The other issue right now is again Obamacare.
Republicans are hey looking like they are going to cut
(01:50):
a big check for Obamacare subsidies. Republicans are afraid of
doing their job, afraid of the politics. You're talking a
ten year the ten year cost, ten year cost of
these subsidies. You know this is the cbo is four
(02:13):
hundred and fifty billion dollars, meaning it's going to be
a hell of a lot more than that. Now, the
folks in Washington, d c. And again, this is one
of the reasons why we're supposed to have a republic.
We're supposed to have a republic representative government. We don't
have a straight democracy because straight democracies are dangerous. The
word democracy doesn't appear one time in the United States Constitution,
(02:36):
not once. Is we're supposed to have responsible people there
to make decisions based upon their know how and understanding
of the problem. They're not supposed to just stick their
finger in the air and say, oh, the wind is
blowing in this direction, this is the way I'm going
to vote. That's what Republicans do. They have no, no desire.
(03:00):
They've had no desire to get rid of Obamacare none.
I want to just show you something. Well, I'll tell
you about something. I'll show you the chart. Almost all
of the premium increases that we've seen, and we've seen
premium increases when it comes to insurance since Obamacare was
(03:23):
fully enacted, have been paid for by the taxpayer. Yeah,
the insurance premiums. The premium actually increased from twenty thirteen
to twenty fourteen was forty seven percent. But you know,
pick that almost that entire thing up was the taxpayer.
(03:44):
And that's been the case all along. What we're dealing
with right now is the Republican Party is going to
it's going to keep afloat Obamacare, which is a completely dysfunctional,
non working, idiotic, stupid plan. It is a wealth transfer plan,
(04:11):
that's all it is now. And the reason being his
the media talks about all. The Kaiser Family Foundation says
that seventy eight percent of Americans support and extension, including
fifty seven percent of MAGA voters. Well, that's seventy eight
percent of Americans, including that fifty seven percent of MAGA
voters are ignoramuses. They're ignoramuses. They're fools again, you know
(04:39):
they're too They're not paying attention to the problem.
Speaker 2 (04:42):
They're just swiping. Whose fault is that.
Speaker 3 (04:45):
Aren't you supposed to you know, your elect to Congress,
supposed to lead your people. Are you supposed to explain
to them what's going on? The same poll says that
sixty one percent of the public has heard little or
nothing about the expiring subsidies.
Speaker 2 (05:02):
They don't even know what's going on. They don't even know.
Speaker 3 (05:08):
Another question is whether voters understand that only the COVID
part is expiring. A poll for this year, this is
from Paragon Health Institute and this is from The Wall
Street Journal Today spelled out this distinction and found that
(05:28):
fifty three percent of voters supported allowing COVID bonuses to expire.
A survey from the Center for Excellence and Polling found
that's sixty five percent of likely voters supported ending federal
health care payments for higher income individuals while returning to
there COVID rates for lower income people. Well, again, you
(05:55):
need to make people understand that, you know, Democrats remove
the income gap, uh the income cap on Obamacare subsidies
and allow the money to flow to wealthy households. Some
as high people earning as much as five hundred thousand
(06:15):
dollars a year are getting Obamacare subsidies. Yeah, you got Republicans,
I guess in swing states talking about it as a
form of political insurance. Okay, did you think that? Do
you think that these these people want who want Washington
(06:38):
to prop up these Obamacare subsidies, you think they're voting
for Republicans in the first place. Let me let me
be perfectly clear here. And you got certain politicians talking
about this stuff. And I've lamented the high costs of insurance,
the high cost of car insurance, the high cost of
home insurance. We'll go right on down the list. What
(06:59):
I would say, this is what I would do, what
I would do if I was in charge, and this
is why I will never be in charge. I would
tell everyone out there, said, you know what we're gonna
we don't care. We're gonna let these We're gonna let these, uh,
these Obamacare subsidies go away. The insurance companies out there, Uh,
(07:20):
the insurance companies out there are what they're going to do.
What they're gonna do is they're saying that they're going
to raise their prices. Their subsidies are gonna go away.
I'm gonna tell the American people, if you can't afford insurance,
don't buy it.
Speaker 2 (07:33):
That's right.
Speaker 3 (07:33):
I would go out and I would say, hey, listen, Okay, yeah,
you're out of your mind.
Speaker 2 (07:38):
Okay, no, no, no, don't don't buy it.
Speaker 3 (07:41):
Don't buy not everybody out there, just stop buying health insurance.
You want to you want to talk about dropping dropping
a boulder in a small body of water. Oh, you'll
see what happened. Essentially, the insurance companies go out of business.
(08:06):
Noway's paying the premiums anymore? The racket that that would cause. Yeah, see,
you know we all were gonna do. People, We're gonna
we're gonna go We're gonna turn I do by President
President of the United States. We're gonna start paying cash.
We're gonna start paying cash for our medical expenses. Do
(08:26):
not get health insurance, don't get health. Don't be suckered
into buying these ridiculous things. Again, no one's buying it.
The insurance companies have a choice. They either go belly
up or they lower their prices. Again, free market is
very disruptive when it's applied. We don't have that at
(08:50):
all when it comes to health insurance healthcare here in
the United States. That's why it's such a damn disaster.
Somebody has to blow this up. And Yo, we're gonna
be pain advised. It's gonna get ugly. But good do
you understand that's a good thing. What we have is
(09:16):
not sustainable. You can take a look at the numbers.
The insurance companies keep raising their premiums.
Speaker 2 (09:25):
And it just gets pushed onto the taxpayer. What the
hell is the point behind this? Zero? That's it. No more,
no more, no more. You can't then, don't buy it.
(09:45):
Blow the thing up.
Speaker 3 (09:48):
But again they're not going to because again you don't
have to look that hard, and you can go and
you can find out the type of checks that these
insurance companies are writing. U to both Democrats and Republicans
who want who really benefit from Obamacare insurance companies, insurance companies,
(10:10):
and how many how many politicians go leave their hollowed
holes of Washington, d C. The Grand Cathedral of unintended
quants of consequences? How many of them go on and
get some cushy bullshit job in an insurance company or
a lobby on behalf of the insurance industry.
Speaker 2 (10:31):
Yeah.
Speaker 3 (10:32):
The funny thing is you had that assassination that took
place in New York City, which is Luigi Manjon He
got shot with shot with the United Healthcare Right, I
think the left, you know people, Oh yes, it's terrible
denying people this and doing this and doing that. I said,
(10:53):
you left this, wanted this Obamacare disaster. Okay, you wanted this.
This is what we've got. Okay, you can we very
easily make this crap will go away.
Speaker 2 (11:09):
Okay.
Speaker 3 (11:11):
Free market system insurance sold across state lines, catastrophic insurance,
all sorts of things that would bring the prices down.
Speaker 2 (11:21):
But no, no, I don't know.
Speaker 3 (11:23):
No, we got to get the government more and more involved.
At what point in time? At what point in time
are you people are going to realize everything that the
government touches turns to shit. Everything everything they touch Everything
that they get involved with turns to ship the whole system.
(11:48):
The whole system needs to be taken out. I wish
it was again. Like I said, I wish I could
get a win. I wish I could get a win,
But I'm not.
Speaker 2 (12:00):
I'm not. Republicans will cave. They will. They are going
to bail out Obamacare.
Speaker 3 (12:08):
Think about that right now, Republicans, they're negotiating. Republicans are
going to bail out Obamacare.
Speaker 2 (12:20):
Watchdog on Wall Street dot com
The Watchdog on Wall Street podcast, explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
For once, I'd like to win. I'd like to win
one time. For one time, i would.
Speaker 3 (00:22):
Like Republicans to actually do the right thing. I'm an
equal opportunity basher here on this show, and then that
way forever. I left a Republican Party many many moons ago,
because all they do is lie. All they do is lie.
They don't follow through on anything. I'm not one of
(00:44):
those guys that goes into a voting booth and says, oh,
I'm just going to vote for all the ours. No,
I'd rather not vote if I think the candidate sucks.
Right now, Right now, it looks like looks like well,
it looks like the Republicans are going to cave President
yesterday is you know, mumbling about.
Speaker 2 (01:03):
You know, it's going there four or five days, and
then we're going to see what jobs.
Speaker 3 (01:07):
Are going to be cutting that he threw out the
idea that people aren't going to get paid. I'm gonna
go out and call bullshit on that, Okay, because that's
exactly what it is. Okay, the media will report on it,
but nobody believes it. Nobody believes it. It's not going
(01:28):
to happen. There's not going to be any jobs are
going to be cut, and everybody who's furloughed is going
to get their check, mark my words. Okay, you can
count on it. The other issue right now is again Obamacare.
Republicans are hey looking like they are going to cut
(01:50):
a big check for Obamacare subsidies. Republicans are afraid of
doing their job, afraid of the politics. You're talking a
ten year the ten year cost, ten year cost of
these subsidies. You know this is the cbo is four
(02:13):
hundred and fifty billion dollars, meaning it's going to be
a hell of a lot more than that. Now, the
folks in Washington, d c. And again, this is one
of the reasons why we're supposed to have a republic.
We're supposed to have a republic representative government. We don't
have a straight democracy because straight democracies are dangerous. The
word democracy doesn't appear one time in the United States Constitution,
(02:36):
not once. Is we're supposed to have responsible people there
to make decisions based upon their know how and understanding
of the problem. They're not supposed to just stick their
finger in the air and say, oh, the wind is
blowing in this direction, this is the way I'm going
to vote. That's what Republicans do. They have no, no desire.
(03:00):
They've had no desire to get rid of Obamacare none.
I want to just show you something. Well, I'll tell
you about something. I'll show you the chart. Almost all
of the premium increases that we've seen, and we've seen
premium increases when it comes to insurance since Obamacare was
(03:23):
fully enacted, have been paid for by the taxpayer. Yeah,
the insurance premiums. The premium actually increased from twenty thirteen
to twenty fourteen was forty seven percent. But you know,
pick that almost that entire thing up was the taxpayer.
(03:44):
And that's been the case all along. What we're dealing
with right now is the Republican Party is going to
it's going to keep afloat Obamacare, which is a completely dysfunctional,
non working, idiotic, stupid plan. It is a wealth transfer plan,
(04:11):
that's all it is now. And the reason being his
the media talks about all. The Kaiser Family Foundation says
that seventy eight percent of Americans support and extension, including
fifty seven percent of MAGA voters. Well, that's seventy eight
percent of Americans, including that fifty seven percent of MAGA
voters are ignoramuses. They're ignoramuses. They're fools again, you know
(04:39):
they're too They're not paying attention to the problem.
Speaker 2 (04:42):
They're just swiping. Whose fault is that.
Speaker 3 (04:45):
Aren't you supposed to you know, your elect to Congress,
supposed to lead your people. Are you supposed to explain
to them what's going on? The same poll says that
sixty one percent of the public has heard little or
nothing about the expiring subsidies.
Speaker 2 (05:02):
They don't even know what's going on. They don't even know.
Speaker 3 (05:08):
Another question is whether voters understand that only the COVID
part is expiring. A poll for this year, this is
from Paragon Health Institute and this is from The Wall
Street Journal Today spelled out this distinction and found that
(05:28):
fifty three percent of voters supported allowing COVID bonuses to expire.
A survey from the Center for Excellence and Polling found
that's sixty five percent of likely voters supported ending federal
health care payments for higher income individuals while returning to
there COVID rates for lower income people. Well, again, you
(05:55):
need to make people understand that, you know, Democrats remove
the income gap, uh the income cap on Obamacare subsidies
and allow the money to flow to wealthy households. Some
as high people earning as much as five hundred thousand
(06:15):
dollars a year are getting Obamacare subsidies. Yeah, you got Republicans,
I guess in swing states talking about it as a
form of political insurance. Okay, did you think that? Do
you think that these these people want who want Washington
(06:38):
to prop up these Obamacare subsidies, you think they're voting
for Republicans in the first place. Let me let me
be perfectly clear here. And you got certain politicians talking
about this stuff. And I've lamented the high costs of insurance,
the high cost of car insurance, the high cost of
home insurance. We'll go right on down the list. What
(06:59):
I would say, this is what I would do, what
I would do if I was in charge, and this
is why I will never be in charge. I would
tell everyone out there, said, you know what we're gonna
we don't care. We're gonna let these We're gonna let these, uh,
these Obamacare subsidies go away. The insurance companies out there, Uh,
(07:20):
the insurance companies out there are what they're going to do.
What they're gonna do is they're saying that they're going
to raise their prices. Their subsidies are gonna go away.
I'm gonna tell the American people, if you can't afford insurance,
don't buy it.
Speaker 2 (07:33):
That's right.
Speaker 3 (07:33):
I would go out and I would say, hey, listen, Okay, yeah,
you're out of your mind.
Speaker 2 (07:38):
Okay, no, no, no, don't don't buy it.
Speaker 3 (07:41):
Don't buy not everybody out there, just stop buying health insurance.
You want to you want to talk about dropping dropping
a boulder in a small body of water. Oh, you'll
see what happened. Essentially, the insurance companies go out of business.
(08:06):
Noway's paying the premiums anymore? The racket that that would cause. Yeah, see,
you know we all were gonna do. People, We're gonna
we're gonna go We're gonna turn I do by President
President of the United States. We're gonna start paying cash.
We're gonna start paying cash for our medical expenses. Do
(08:26):
not get health insurance, don't get health. Don't be suckered
into buying these ridiculous things. Again, no one's buying it.
The insurance companies have a choice. They either go belly
up or they lower their prices. Again, free market is
very disruptive when it's applied. We don't have that at
(08:50):
all when it comes to health insurance healthcare here in
the United States. That's why it's such a damn disaster.
Somebody has to blow this up. And Yo, we're gonna
be pain advised. It's gonna get ugly. But good do
you understand that's a good thing. What we have is
(09:16):
not sustainable. You can take a look at the numbers.
The insurance companies keep raising their premiums.
Speaker 2 (09:25):
And it just gets pushed onto the taxpayer. What the
hell is the point behind this? Zero? That's it. No more,
no more, no more. You can't then, don't buy it.
(09:45):
Blow the thing up.
Speaker 3 (09:48):
But again they're not going to because again you don't
have to look that hard, and you can go and
you can find out the type of checks that these
insurance companies are writing. U to both Democrats and Republicans
who want who really benefit from Obamacare insurance companies, insurance companies,
(10:10):
and how many how many politicians go leave their hollowed
holes of Washington, d C. The Grand Cathedral of unintended
quants of consequences? How many of them go on and
get some cushy bullshit job in an insurance company or
a lobby on behalf of the insurance industry.
Speaker 2 (10:31):
Yeah.
Speaker 3 (10:32):
The funny thing is you had that assassination that took
place in New York City, which is Luigi Manjon He
got shot with shot with the United Healthcare Right, I
think the left, you know people, Oh yes, it's terrible
denying people this and doing this and doing that. I said,
(10:53):
you left this, wanted this Obamacare disaster. Okay, you wanted this.
This is what we've got. Okay, you can we very
easily make this crap will go away.
Speaker 2 (11:09):
Okay.
Speaker 3 (11:11):
Free market system insurance sold across state lines, catastrophic insurance,
all sorts of things that would bring the prices down.
Speaker 2 (11:21):
But no, no, I don't know.
Speaker 3 (11:23):
No, we got to get the government more and more involved.
At what point in time? At what point in time
are you people are going to realize everything that the
government touches turns to shit. Everything everything they touch Everything
that they get involved with turns to ship the whole system.
(11:48):
The whole system needs to be taken out. I wish
it was again. Like I said, I wish I could
get a win. I wish I could get a win,
But I'm not.
Speaker 2 (12:00):
I'm not. Republicans will cave. They will. They are going
to bail out Obamacare.
Speaker 3 (12:08):
Think about that right now, Republicans, they're negotiating. Republicans are
going to bail out Obamacare.
Speaker 2 (12:20):
Watchdog on Wall Street dot com
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