The Gym and Government Waste

Chris compares gym no-shows to government waste—$36T in debt, no results! Can Musk fix it? www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
The Gym and Government Waste.

Speaker 3 (00:19):
I host a new show, and again it's based upon
my book which is coming out very shortly. It's called
work Time and Effort. Basically, I'm interviewing entrepreneurs.

Speaker 2 (00:31):
I interviewed a.

Speaker 3 (00:31):
Great interview with somebody, and this person one of the
things that they had done in their life as they
owned gyms, and we actually got into talking had a
conversation about the whole model and how I admitted, I said,
I don't get it. I don't know how these gyms,
these like Crunch fitness outfits out there, they charged ten

(00:52):
bucks a month. How in a world do they stay
in business at ten bucks a month? And explained it
to me, said, the amount of people sign up for
ten dollars a month and never ever go. They go
for a month or two and they out go and
it's only ten bucks a month, and they never end
up canceling because they still have it in their mind

(01:12):
that they just might start going again. Now, what in
the world is Markowski talking about? What does this have
to do with government waste. It's the same thing in essence.
You take a look at the poll numbers that are
out there, overwhelming majority of people. Yes, need to cut

(01:33):
out government waste and fraud and get rid of all
this nonsense. But then when push comes to shove, nobody
wants to follow through. Okay, someone's government waste is someone's treasure,
someone's precious, someone else's bs.

Speaker 2 (01:55):
No show, job and nothing ever gets done again.

Speaker 3 (02:04):
You know, you may start, it may start like Elon
Musk doing is darnedness with his people in doze, trying
to highlight and root out all of this fraud and waste.
But when it comes time, when it comes time to
put the work in and get it done, no.

Speaker 2 (02:24):
Show, no show. Just like all of the people that
sign up for the.

Speaker 3 (02:29):
Gym in January got a new Year's resolution, We're going
to get ourselves in shape, go for a few weeks.

Speaker 2 (02:36):
And never be heard from again.

Speaker 3 (02:41):
At some point time, people, you have to have follow through,
You have to have follow through the reality when it
comes to government waste. Much like being out of shape,
it's killing us. It's killing this country. It's killing it's
killing any chance we have of returning to the truly dynamic,

(03:04):
high growth economy we had in the past. I just
can't do it. Thirty six trillion dollars a debt, the
amount of money that is allocated every single year for nothing.
What I mean nothing, I mean interest payments on all
of the crap, all of the crap the government has
spent money on, and we got nothing to show for it.

(03:28):
They think about it again. People get excited about these
government programs. What do we have to show for? Can
you name for me, off the top of your head,
on one thing this country could be proud of, or
could show for with the Obama's American Recovery and Reinvestment.

Speaker 2 (03:44):
Act, anything, anything at all.

Speaker 3 (03:49):
I know that they printed up a lot of signs,
made a lot of signs, highway signs. There was project
paid for by the American Recovery and Reinvestment Act.

Speaker 2 (03:57):
I think I told this story. I was on vacation
in Puerto Rico. I saw stacks and stacks and stacks
of those signs. Work being done anywhere.

Speaker 3 (04:04):
No, no, but lots of road signs being ready to
put up with Obama's nice little logo that he made
with that anything from the uh Inflation Reduction Act. They
can't even get broadband set up. They can't even get
broadband set up, They can't put chargers in. Waste waste, waste, waste,

(04:26):
stolen money here, there and everywhere. Again, this is killing
the country. It's killing the country just like many people,
quite honestly, for lack of better phrase, you're killing yourself
if you're not staying in shape and you're not exercise,
you're not taking care of yourself.

Speaker 2 (04:37):
Same thing, same thing. So you see what I'm doing here.

Speaker 3 (04:42):
You get the parallels between the gym and not going
to the gym, and government waste and not taking care
of governments, not getting rid of government waste.

Speaker 2 (04:53):
Watchdog on Wall Street dot com.