Trumps POWERFUL Reason to REPEAL The CHIPS Act

Chris celebrates Trump’s State of the Union call to repeal the CHIPS Act, a taxpayer-funded giveaway to billion-dollar corporations like Taiwan Semiconductor—pre-planned before the act! He blasts public-private partnerships and Solyndra’s ex-president cashing in. 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 we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
I got another Christmas present from Santa Trump. Many of
the things that I've been calling for for the past
several years even delivered last night. Again. He came out
and did something that I've called for from day one,
repeal the Chips Act. I was jumping up and down

(00:38):
rat and Raven about the Chips Act when Biden pushes
through and you actually have Republicans go along with this
bit of nonsense as well, where you're taking my money,
you're taking your money, and you're handing it over, handing
it over to corporations, billion dollar corporations. Just get just
giving them funds. I don't understand where the Constitution and

(01:00):
provides for that. I can't stand ridiculous. You get what
to call it industrial policy coming out of Washington, d C.
So at the State of the Union that Trump just
gave he said, yeah, that's it, we want to repeal
the Chips at That's amazing to me, is it. Some
of the money that went out the door. They highlight

(01:21):
a given money a Taiwan Semiconductor there in plant Arizona.
You do know that they were planning on building that
plant before the Chips Act. They didn't need our money,
but again there was Biden and Biden's people decided to
give it to them. Anyway, another funny side story, and

(01:44):
I do a little homework today on this as well.
You want to know who the person was in charge
of Taiwan semi Conductor US that helped weasel that money
from the Biden administry or we've got from Biden, but
weaseled it from us none other than the former president
of Soleindra. No, no, no, you can't even make this

(02:06):
stuff up again. Public private partnerships are garbage. They're garbage.
They shouldn't exist. The government shouldn't be allowed to take
my hard earned money, your hard earned money and hand
it over to a private concern. If their idea is
so wonderful, if they're you know, it is the right

(02:27):
type of a thing. That's you know, we're going to
work for this country whatever it may be. Money will
find a way, Money will find a way. You see,
you've got all of these things are called investment banks.
You've got Wall Street. That's their job. That's their job.
Their job is say, hey, well look at this. This
looks like this looks like it's going to be a
great investment for the future. And it's their job to

(02:49):
go out and raise that money and provide for it.
It's not the job of the President of the United
States or some half assed politician to take our tax
dollars and give it to a private concern. Watchdog and
Wall street dot Com