December 5, 2025 • 6 mins
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President Trump fulfills a campaign promise by reversing Biden-era electric vehicle mandates, freeing automakers from unrealistic fuel economy standards and letting them build cars people actually want. From skyrocketing EV subsidies to ethanol policies that waste farmland the size of Michigan, this episode breaks down why government overreach has inflated prices, distorted the market, and left Americans footing the bill. A frank discussion on auto policy, subsidies, and common-sense solutions.
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
President Trump fulfills a campaign promise by reversing Biden-era electric vehicle mandates, freeing automakers from unrealistic fuel economy standards and letting them build cars people actually want. From skyrocketing EV subsidies to ethanol policies that waste farmland the size of Michigan, this episode breaks down why government overreach has inflated prices, distorted the market, and left Americans footing the bill. A frank discussion on auto policy, subsidies, and common-sense solutions.
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 we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
President Trump did something great. He fulfilled a campaign pledge
that I love well. First, you know, it's when it
comes to the auto industry, because we've hurt ourselves. You
want to talk about shooting yourself in the foot when
it comes to cars, man, we've managed to do that
here in this country. Granted, granted, the auto industry didn't
(00:38):
help itself with the crappy stuff they were putting out
for a long period of time. That didn't help, and
they got kind of fat and happy until competition started
coming in and then kind of cleaning their clock. But
obviously washing didn't help either. First and foremost, ended the
Biden electric vehicle mandate. Basically, what you're doing, okay, it's
(01:05):
we're being told that rolling back the fuel economy standards.
No no, no, it's it's basically getting rid of nonsensical
mandates that make the prices of cars ridiculous, make the
cars un affordable. The corporate average fuel economy standards, Cafe standards,
(01:33):
they're it's like they're like an a track. Look at that,
remember eight tracks from the nineteen seventies. It's a relic. Okay,
people again, I don't even onybody uses a tracks, I
mean vinyls back by eight tracks. No, it was annoying.
It'd be in the middle of the song and it'd
be like pause and then it would click to the
next track. Whatever. Anyway, every year, car manufacturers there were
(02:00):
wire to have an average of a certain number of
miles per gallon, okay, and they had certain benchmarks for cars,
certain benchmarks for pickup trucks. And basically because of that,
by raising those standards, what Democrats did impetent. It was,
(02:23):
you know, Obama start really got the thing going, and
then buying took it a step further. Is saying, hey,
you better make these electric car. If you don't make
these electric cars, well then you're not going to meet
the Cafe standards. Your average fuel economy is not going
to hit those marks. I used to crack jokes about
(02:45):
the Remember I'm sorry if you own one. We had
a Ford Fiesta. Again that's regular car, but you didn't
see a lot of those things. You really didn't. Again,
I don't know who would buy a car that you
could put on the squat rack and squat at the gym.
But I mean the thing had like bicycle tires for
(03:06):
crying out loud. No where did they make that car,
Let mean that car in Mexico for as little as possible.
Did they make money on the Ford Fiesta?
Speaker 1 (03:16):
Know?
Speaker 2 (03:17):
No, they were making cars that they knew they would
lose money on to appease the overlords in Washington, d C.
Now you get rid of these things, guess what automakers
can make cars that people want to buy? Now? Are
people going to want cars that are fuel efficient? Sure?
(03:38):
That's letting them market decide, you know. From the get
go with the whole ev bit I was written about
it aggravated at government subsidies and musk as Tesla benefited
that seventy five hundred subsidy, I'm like, why the hell
do I have to help pay for other people's cars.
(04:01):
I've got enough bills on my own. Why should I
be having to pay for anything like that? But I
understood that the car in of itself, you know, it
makes sense. It makes sense for certain people in certain situations,
and I don't have any problem with that. The entire rollout,
and we're gonna mandate this and the country's got it's
(04:24):
just plain stupid. The other thing that the president really
needs to do, I doubt it'll happen. I doubt it
will happen because there's way too much money involved with
this is you have to wean the country off of
frickin' ethanol. You know how much farmland we use, farmland
(04:49):
we use in this country solely for the corn to
put into cars. It's the base before the size of
the state of Michigan. I'm not kidding. That's how much farmland. Okay,
(05:09):
farm that's the same size as the state of Mission.
That's some farmland we're using to put ethanol into car
And we know it's worsens fuel economy standards, it's bad
for the ends. We know all this, but hey, hey,
a lot of big bucks involved with this, and states
that are early on, early on in the primaries for
(05:31):
the presidential race. The hawk cock eye. Yeah, plus you
love all of those disgusting phosphates. Uh yeah, those some
fertilizers that get into the Mississippi River pollute the hell
out of that and then go into the Gulf of
Mexico and increase allergy blooms people. Okay, I remember Freidel
Castro said this. Okay, anyway, again, he wasn't wrong. He
(05:55):
didn't say a lot of things right, but he wasn't
wrong on this. My kid was great. Quote. Can't think
anything so stupid as putting food into cars? Oh, real, simple,
Oh you've worried about the high price of people. You
know what, Let's start, you know, getting rid of all
this corn that we're growing. I don't know, let's graze
cattle instead. This is this is part of the disconnects
(06:17):
that we have here in this country and why we
spend so much on food. Do you think toroym You
think of Italy and Greece. They've got there, They're they're
basically plowing over great crops of the whatever, their tomatoes
and arta chokes and egg plan all that great stuff
that they're growing. You think that they're doing that to
(06:38):
grow corn, to put corn into cars, because that's what
we do. Part of the disconnect. People love to see
him act on this, but again, I'm not holding my
breath on that one. Watchdog on Wallstreet 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 we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
President Trump did something great. He fulfilled a campaign pledge
that I love well. First, you know, it's when it
comes to the auto industry, because we've hurt ourselves. You
want to talk about shooting yourself in the foot when
it comes to cars, man, we've managed to do that
here in this country. Granted, granted, the auto industry didn't
(00:38):
help itself with the crappy stuff they were putting out
for a long period of time. That didn't help, and
they got kind of fat and happy until competition started
coming in and then kind of cleaning their clock. But
obviously washing didn't help either. First and foremost, ended the
Biden electric vehicle mandate. Basically, what you're doing, okay, it's
(01:05):
we're being told that rolling back the fuel economy standards.
No no, no, it's it's basically getting rid of nonsensical
mandates that make the prices of cars ridiculous, make the
cars un affordable. The corporate average fuel economy standards, Cafe standards,
(01:33):
they're it's like they're like an a track. Look at that,
remember eight tracks from the nineteen seventies. It's a relic. Okay,
people again, I don't even onybody uses a tracks, I
mean vinyls back by eight tracks. No, it was annoying.
It'd be in the middle of the song and it'd
be like pause and then it would click to the
next track. Whatever. Anyway, every year, car manufacturers there were
(02:00):
wire to have an average of a certain number of
miles per gallon, okay, and they had certain benchmarks for cars,
certain benchmarks for pickup trucks. And basically because of that,
by raising those standards, what Democrats did impetent. It was,
(02:23):
you know, Obama start really got the thing going, and
then buying took it a step further. Is saying, hey,
you better make these electric car. If you don't make
these electric cars, well then you're not going to meet
the Cafe standards. Your average fuel economy is not going
to hit those marks. I used to crack jokes about
(02:45):
the Remember I'm sorry if you own one. We had
a Ford Fiesta. Again that's regular car, but you didn't
see a lot of those things. You really didn't. Again,
I don't know who would buy a car that you
could put on the squat rack and squat at the gym.
But I mean the thing had like bicycle tires for
(03:06):
crying out loud. No where did they make that car,
Let mean that car in Mexico for as little as possible.
Did they make money on the Ford Fiesta?
Speaker 1 (03:16):
Know?
Speaker 2 (03:17):
No, they were making cars that they knew they would
lose money on to appease the overlords in Washington, d C.
Now you get rid of these things, guess what automakers
can make cars that people want to buy? Now? Are
people going to want cars that are fuel efficient? Sure?
(03:38):
That's letting them market decide, you know. From the get
go with the whole ev bit I was written about
it aggravated at government subsidies and musk as Tesla benefited
that seventy five hundred subsidy, I'm like, why the hell
do I have to help pay for other people's cars.
(04:01):
I've got enough bills on my own. Why should I
be having to pay for anything like that? But I
understood that the car in of itself, you know, it
makes sense. It makes sense for certain people in certain situations,
and I don't have any problem with that. The entire rollout,
and we're gonna mandate this and the country's got it's
(04:24):
just plain stupid. The other thing that the president really
needs to do, I doubt it'll happen. I doubt it
will happen because there's way too much money involved with
this is you have to wean the country off of
frickin' ethanol. You know how much farmland we use, farmland
(04:49):
we use in this country solely for the corn to
put into cars. It's the base before the size of
the state of Michigan. I'm not kidding. That's how much farmland. Okay,
(05:09):
farm that's the same size as the state of Mission.
That's some farmland we're using to put ethanol into car
And we know it's worsens fuel economy standards, it's bad
for the ends. We know all this, but hey, hey,
a lot of big bucks involved with this, and states
that are early on, early on in the primaries for
(05:31):
the presidential race. The hawk cock eye. Yeah, plus you
love all of those disgusting phosphates. Uh yeah, those some
fertilizers that get into the Mississippi River pollute the hell
out of that and then go into the Gulf of
Mexico and increase allergy blooms people. Okay, I remember Freidel
Castro said this. Okay, anyway, again, he wasn't wrong. He
(05:55):
didn't say a lot of things right, but he wasn't
wrong on this. My kid was great. Quote. Can't think
anything so stupid as putting food into cars? Oh, real, simple,
Oh you've worried about the high price of people. You
know what, Let's start, you know, getting rid of all
this corn that we're growing. I don't know, let's graze
cattle instead. This is this is part of the disconnects
(06:17):
that we have here in this country and why we
spend so much on food. Do you think toroym You
think of Italy and Greece. They've got there, They're they're
basically plowing over great crops of the whatever, their tomatoes
and arta chokes and egg plan all that great stuff
that they're growing. You think that they're doing that to
(06:38):
grow corn, to put corn into cars, because that's what
we do. Part of the disconnect. People love to see
him act on this, but again, I'm not holding my
breath on that one. Watchdog on Wallstreet dot Com
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