Chris Markowski, the founder of Markowski Investments, spoke with the Daily Caller News Foundation’s Samantha Renck about the January jobs report, his thoughts on President Joe Biden’s $1.9 trillion COVID-19 relief package and more.
The U.S. economy added 49,000 jobs and the unemployment rate dropped from 6.7% to 6.3% in January, according to a U.S. Bureau of Labor Statistics report.
“We’ve been doing this the past few months and three, four months ago I had discussed that we were hitting a wall,” Markowski, who hosts “Watchdog on Wall Street,” said. “We’ve hit that wall.”
“What can you expect? We’ve got major aspects of the economy that are still not open,” he continued. (RELATED: ‘Joe Biden On Day One Killed Their Job,’ Wisconsin Congressman Says Of Keystone XL Pipeline Decision)
Markowski also discussed Biden’s $1.9 trillion COVID-19 relief package, which could include $1,400 stimulus checks.
“I am not a fan of the checks at all. I think it’s just a waste of money quite frankly,” he said.
“Welfare becomes a drug, and Uncle Sam’s one of the biggest drug dealer going,” Markowski added.
Markowski also discussed a Congressional Budget Office report, whether or not different sectors of the economy will be able to come back and more.
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