Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: So, I think the situation in Minnesota is still on
Speaker 2: a lot of people's minds right now. I would like
Speaker 2: to hear, you know, what you thought of the.
Speaker 3: Events this weekend in Minneapolis, the death.
Speaker 2: Of Alex Pretty and then what we're hearing today about
Speaker 2: a possible pullback by the Trump administration.
Speaker 3: Do you feel like that has credibility?
Speaker 4: You got me on the credibility. Look for me, you know,
Speaker 4: just contextualize the way I process this. This you know,
Speaker 4: future happened here first in June of last year, where
Speaker 4: we had four thousand National Guard that were federalized, We
Speaker 4: had seven hundred active duty Marines that were not sent
Speaker 4: overseas to protect our interests, were sent to seize control
Speaker 4: of the second largest city in the United States of America,
Speaker 4: Los Angeles, to five thousand federalized troops on the streets
Speaker 4: of an American.
Speaker 3: City last June.
Speaker 4: That mindset was further stretched a few months later, when,
Speaker 4: in an effort to organize a construct to respond to
Speaker 4: what happened in Texas with midterm redistricting, we launched our
Speaker 4: campaign for Proposition fifty in Little Tokyo in Los Angeles,
Speaker 4: the sacred site of where we were bussing and intererning
Speaker 4: the Japanese well known side for anyone down in southern California.
Speaker 3: It was at the of all places, Democracy Center. As
Speaker 3: we were.
Speaker 4: Walking in, people were being intimidated by a gentleman by
Speaker 4: the name of Bovino. Greg Bovino masked men surrounding the building.
Speaker 4: A poor guy selling strawberries across the street disappeared. Collateral
Speaker 4: damage was found a few weeks later. Tried to intimidate
Speaker 4: folks from assembling. We said that was a preview.
Speaker 3: Of things to come. On election day in November. I
Speaker 3: wake up in the morning, true social says.
Speaker 4: The elections rig DOJ prosecutors and investigators are there. The
Speaker 4: expectation that they were going to file a lawsuit, which
Speaker 4: they have done as you know, was set. But they
Speaker 4: also set the tone of the day by sending out
Speaker 4: Bovino's team, the bore tech teams, the Border patrol tactical units,
Speaker 4: the Dodger Stadium assembled there in order to chill free
Speaker 4: expression and free speech for diverse communities that were already
Speaker 4: on edge on election day.
Speaker 3: These guys are not screwing around, So I'm getting the
Speaker 3: said nothing about.
Speaker 4: What's happening in Minnesota, and Minneapolis surprises me at all.
Speaker 4: Quite the contrary. And for a second, if Tom Homan,
Speaker 4: who was accused of a fifty thousand dollars bribe, were
Speaker 4: charges dis appeared. Speaking of disappearing cash, FBI is the
Speaker 4: adults in the room.
Speaker 3: We are in more trouble than any of you think.
Speaker 2: If Republicans don't agree to reform, ice to pull back
Speaker 2: on the DHS budget, should Democrats close the government that's
Speaker 2: now on the table.
Speaker 3: I don't think it's not an option. Well, it is
Speaker 3: an option. Not an option.
Speaker 4: You want your republic, You want to say this democracy,
Speaker 4: you want to enjoy the two hundred and fiftieth anniversary,
Speaker 4: maybe make two hundred and fifty first anniversary of the
Speaker 4: historic project of our founding fathers. It's not an option.
Speaker 4: What do you do in Fulton County today? What did
Speaker 4: Pambondi demand in order to move out? This is the
Speaker 4: second demand in two days, just twenty four hours ago.
Speaker 4: I'm old enough to remember pam Bondi said, we'll leave,
Speaker 4: but we want your voting roles.
Speaker 2: This is the FBI rating voting roles in Georgia around
Speaker 2: the twenty twenty election.
Speaker 4: Well, but I'm referring to that as it relates to
Speaker 4: the Fulton County example today, which is all about setting
Speaker 4: the baseline that the last election twenty twenty was rigged,
Speaker 4: so you should have zero confidence in the outcome of
Speaker 4: the midterm elections, which Donald Trump is going to get crushed.
Speaker 4: I mean, what more evidence do we need. It's a
Speaker 4: stacking of all of these things. He is not screwing around.
Speaker 4: He tried to light democracy on fire when he lost
Speaker 4: the election. Try to light it on fire, try to
Speaker 4: destroy this democracy, is trying to ruin our republic, He's
Speaker 4: trying to torture.
Speaker 3: What more evidence do we need on a day to
Speaker 3: day basis? All of this is.
Speaker 4: Part of that same narrative, that same threat. It's tragic.
Speaker 4: What's happening. A five year old, angelic young boy used
Speaker 4: as leverage and collateral this madness. Masked men not even
Speaker 4: identifying themselves, no warrants, terrorizing communities, people dying quite literally
Speaker 4: now dying. We said people who will die. People are
Speaker 4: dying in the United States of America. And what is
Speaker 4: the threat today?
Speaker 5: To your question, Well, do what we legally can't do
Speaker 5: or will continue to illegally do what we've been doing
Speaker 5: by terrorizing your community, by turning over people in local jails,
Speaker 5: or whatever the.
Speaker 3: Hell else we want as points of leverage.
Speaker 4: None of this can be normalized, and none of this,
Speaker 4: none of this can be considered credible in the context
Speaker 4: of any of this renewed, well renewed posture of the administration.
Speaker 2: You talked about what the National Guard did in California
Speaker 2: last year. Do you worry that you're continued emergence as
Speaker 2: a as a critic, as an antagonist a Trump will
Speaker 2: bring the same pain that we're seeing in Minnesota back
Speaker 2: to California.
Speaker 4: Well, I mean, I guess we can roll over, kiss
Speaker 4: the ring, put on some kneepads, do what the university's
Speaker 4: law firms, do what ABC did, Paramount did, do, what
Speaker 4: Meta did?
Speaker 3: YouTube did you know, do.
Speaker 4: What so many companies are doing. Maybe get a golden
Speaker 4: share in the Golden State.
Speaker 3: Me seriously, and just watch it all disappear.
Speaker 4: I guess we can do that, or we can stand
Speaker 4: on principle the rule of law, not the rule of
Speaker 4: don I hope it's Donnie, and on all of you.
Speaker 3: It's the rule of don.
Speaker 4: There are co equal branches of government, if a supine Congress.
Speaker 4: The only approximation of a co equal branch of government
Speaker 4: is the markets. Thank you, the markets, I mean Bloomberg.
Speaker 4: It's the only thing he seems to pay attention to.
Speaker 4: He doesn't even pay attention to court orders. You saw
Speaker 4: that the federal judge today ninety six specific attempts to
Speaker 4: completely deny court order just since he's been involved in
Speaker 4: this operation in Minnesota. This is code red, but it's
Speaker 4: become so normalized it's in our bloodstream. I mean, last
Speaker 4: night he did fifty six true socials in sixty minutes.
Speaker 3: Fifty six the President of the United State.
Speaker 4: It's one of them, and forgive me, it's not a
Speaker 4: big deal, but it should alarm you. Was an AI
Speaker 4: generated video of the governor involved with Mexican cartels that
Speaker 4: appears to have its origins as a Russian disinformation campaign.
Speaker 4: The President of the United States is tweeting that out
Speaker 4: about one of his political enemies. He said that hundreds
Speaker 4: of Walmart's stores shut down in the state of California
Speaker 4: because of a twenty two dollar minimum wage sixteen ninety.
Speaker 3: Walmart had to correct that today.
Speaker 4: Said, we actually just opened a news store that happened
Speaker 4: in the United States of America. But you see how
Speaker 4: that travels everywhere. It may even travel to one of
Speaker 4: your inboxes. Maybe it's a tweet, a retweet.
Speaker 3: I didn't say it. It was said all of a sudden.
Speaker 3: Now it's in a blog.
Speaker 4: All of a sudden, there's Jesse Waters, all of a sudden,
Speaker 4: there's Sean Hannity. All of a sudden, we're having a
Speaker 4: conversation where I have to say, no, it's not true.
Speaker 4: I'm not involved with the Mexican cartels.
Speaker 2: One of the things that is coming to California is
Speaker 2: an investigation in the waste, fraud and abuse. The Trump
Speaker 2: administration clearly had some success with that in Minnesota. Governor
Speaker 2: Tim Walls is not running for reelection, and now they've
Speaker 2: promised that the investigation into.
Speaker 3: California has begun.
Speaker 2: What will they find and what is at stake?
Speaker 4: Well, they'll find a state that's taken that issue very,
Speaker 4: very seriously. They'll find a state that years and years
Speaker 4: ago established the first framework, something called id ME that
Speaker 4: has stopped one hundred and thirty five billion dollars of fraud.
Speaker 3: Just at the EDD Department.
Speaker 4: You'll see someone working with the Trump one point zero
Speaker 4: administration calling out the fraud in the PUA program, which,
Speaker 4: by the way, the OIG in the dljail at the DL,
Speaker 4: the Department of Labor, his own Office of Inspector General
Speaker 4: identified one hundred and sixty three billion dollars a fraud
Speaker 4: under his administration in that program. California was able to
Speaker 4: stop it. We've prosecuted nine hundred and twenty nine individuals,
Speaker 4: we've called back five point nine almost six billion dollars,
Speaker 4: and we're still winding up all across the country that
Speaker 4: was taking shape. You may have just seen some headlines.
Speaker 4: Thank you for those that wrote about them. The California
Speaker 4: became the first pay by Touch with EBT. EBT cards
Speaker 4: saw eighty three percent decline in fraud just last year.
Speaker 4: You saw what we're doing and what the Trump administration's doing.
Speaker 3: To your question with doctor Oz.
Speaker 4: Might have well, you're living in Oz when he went
Speaker 4: down tacking the Armenian community just a few days ago.
Speaker 3: A business is down now thirty percent.
Speaker 4: Poor guy, small businessman running a bakery because he decided
Speaker 4: to do a little TikTok video.
Speaker 3: Or something.
Speaker 4: Saying they're somehow connected to the mob around hospice hospice.
Speaker 4: We've been after that for years and years, before OZ
Speaker 4: was even on the scene. Twenty twenty one, we did
Speaker 4: a moratorium on new hospice program two hundred and eighty.
Speaker 3: We shuddered. We've been after this for years and years
Speaker 3: and years. We want an open hand, not a close fist.
Speaker 4: We absolutely are here to be a partner to go
Speaker 4: after waste, fraud and abuse.
Speaker 3: I started something called ODI Office Digital Innovation.
Speaker 4: I did not, my mistake, do it with a chainsaw.
Speaker 4: Had I done that, you would.
Speaker 3: Know about it.
Speaker 4: We just began the Office Digital Innovation and we started
Speaker 4: to begin a process of we're forming our procurement and
Speaker 4: our strategies on technology across the board, but also on
Speaker 4: the issues of wastepawn abuse. By the way, ODI was
Speaker 4: partnership with the Hot and Human Service to create the
Speaker 4: new EBD card, which again is leading the nation.
Speaker 3: I'm humbled in this prospective.
Speaker 4: No one's denying these issues, but let's also not deny
Speaker 4: this is purely political. You all know this because I
Speaker 4: know you know it, because this is an incredibly bright group.
Speaker 4: You know about the forty eight people just a few
Speaker 4: months ago that we're convicted of fourteen point six billion
Speaker 4: dollars in healthcare fraud in Texas.
Speaker 3: Right, you all know that.
Speaker 4: You must And if you don't, it's because it wasn't
Speaker 4: colored in by the Trump administration.
Speaker 3: Because this is not about fraud and abuse.
Speaker 4: This is about the polarization, politicalization, weaponization not just a grievance,
Speaker 4: but weaponization across the board of agencies, and weaponization the
Speaker 4: likes of which we've never seen from an administration in
Speaker 4: our life.
Speaker 2: Well, let's try to take a step out of the
Speaker 2: polarization for a moment and talk about your record as
Speaker 2: governor over the last eleven years.
Speaker 3: And I know there's lots to be proud of. Full
Speaker 3: term governor. Yeah, it's also eleven years. It feels like eleven,
Speaker 3: but it's been just seven. But I appreciate that now.
Speaker 2: But it's also, you know, undeniable that we have high
Speaker 2: housing costs some of the highest in the nation, high
Speaker 2: energy costs, among the or perhaps the highest unemployment rate
Speaker 2: in the country. So make the case for us that
Speaker 2: Californians are better off than they were when you took off.
Speaker 3: Well, I don't know. We have the fourth largest economy
Speaker 3: in the world, not the sixth.
Speaker 4: We have more fortune, five hundred companies, and we did
Speaker 4: since twenty nineteen. By the way, Bloomberg data forty nine.
Speaker 4: Now it's fifty eight. We dominate four and five point
Speaker 4: six billion dollar output, thirteen point nine percent of the
Speaker 4: nation's manufacturing. No one comes close sixty two point one
Speaker 4: billion dollars. Just as it relates to agriculture. On the
Speaker 4: issue of housing, there's no state and even some of
Speaker 4: our most progressive critics like has reclined of knowledge. California
Speaker 4: is housing policies to finally break through the original sin
Speaker 4: that goes back decades and decades around the supply a
Speaker 4: demand housing and ballots in the state. We're finally making
Speaker 4: progress in that space, holding cities in counties accountable through
Speaker 4: a housing Accountability unit. We're moving mountains in that space.
Speaker 4: As it relates to broader issues of this state, we
Speaker 4: dominate in fusion robotics. You saw just what Elon just.
Speaker 3: Said he's going to do to convert his factory with
Speaker 3: S and X.
Speaker 4: It's now going to be the new robotics, infusion and
Speaker 4: nuclear advanced nuclear. Obviously in quantum you all know about AI.
Speaker 3: There's no peers.
Speaker 4: You saw last year venture capital highest it's ever been
Speaker 4: one hundred and six billion dollars sixty eight billion last year,
Speaker 4: one hundred and six this year. Interesting, close to seventy
Speaker 4: percent of those dollars invested back in to the state
Speaker 4: of California UCLA. Every year they put out a report
Speaker 4: going back since Ronald Reagan, noting that the unique nature
Speaker 4: of our economy, across a spectrum of reasons and issues,
Speaker 4: we tend to have a point nine to one point
Speaker 4: two percent higher unemployment rate consistently going back to when
Speaker 4: Reagan was governor of California than the rest of the
Speaker 4: nation today it's one point one percent higher.
Speaker 3: You are correct about that. It's a stubborn reality, and
Speaker 3: we can get into that.
Speaker 4: And the reason I point out those reports is they
Speaker 4: tend to do it in a remarkable and sophisticated way
Speaker 4: that goes to the struggle of all of us to
Speaker 4: reconcile that but difference. Now, we have our first economic
Speaker 4: and workforce development plan in our state's history, around regions
Speaker 4: rising together. It's thirteen economic and workforce development plans, something
Speaker 4: I'm very proud of.
Speaker 3: We spent three years working on. In fact, we'll be announcing.
Speaker 4: The latest plan DT's here as part of this in
Speaker 4: Orange County next week, and we continue to try to
Speaker 4: reconcile the realities in our diverse.
Speaker 3: Communities, rural not just urban.
Speaker 4: Communities, the live reality of people that don't live in
Speaker 4: the aggregate.
Speaker 2: You know, the most important word in politics right now
Speaker 2: is affordability. Is it still too expensive for average Californians
Speaker 2: to make ends meet?
Speaker 4: Well, that's why we created a brand new grade preschool
Speaker 4: for all saving people eighteen thousand dollars. That's why we
Speaker 4: did the biggest expansion of any state in the United
Speaker 4: States history on childcare subsidies.
Speaker 3: That's why we created a new product.
Speaker 4: Not Trump Our X should have called a new simar X. Again,
Speaker 4: you would have paid attention. It's called Alrx eleven dollars insulin.
Speaker 4: Not to subsidize cost, to lower cost. That's why we're
Speaker 4: coming out with our own diapers, which is exciting. I'm
Speaker 4: exciting to make an announcement in that space. It's why
Speaker 4: we've not doubled, we've almost tripled the earn income tax
Speaker 4: credits over one billion dollars allow working families to keep
Speaker 4: more of their earning. It's why we had the largest
Speaker 4: tax rebate in US history.
Speaker 3: At a state level.
Speaker 4: Eighteen point one billion, almost eighteen point three depending.
Speaker 3: On how you categorize it.
Speaker 4: But eighteen billion dollar tax rebate to address those costs.
Speaker 4: It's why we have the most progressive rent controls of
Speaker 4: any state in America. That's why we're going hard on
Speaker 4: the supply demand in Ballance as it relates to housing.
Speaker 4: That's why we're starting to address these issues of time
Speaker 4: to delivery some of the most progressive reforms on permitting
Speaker 4: in our state's history for large scale projects. Deliver on
Speaker 4: these large scale projects. We didn't wait for the Abundance
Speaker 4: Book to come out on that. We advanced some of
Speaker 4: those projects years and years ago. Let me give you
Speaker 4: a proof point because it goes to the energy question.
Speaker 4: Since nineteen I'm in San Francisco. Since eighteen seventy four,
Speaker 4: we've installed about one hundred and five gigawatts of electricity
Speaker 4: in the state, thirty point two since I've been governor.
Speaker 4: And why do I highlight that? Because it needs to
Speaker 4: be highlighted. One of the largest installed battery and solar
Speaker 4: farms in the world, Darted in Fresno County, was just
Speaker 4: approved twenty three hundred megawatts under the new procurement reforms
Speaker 4: under these new regulatory reforms. I'm making the point that
Speaker 4: we haven't been sitting back on some of these structural issues.
Speaker 4: I inherited the most blessed and cursed state in America.
Speaker 4: The day I got into office, the largest utility in
Speaker 4: the United States was bankrupt PGE. That's how I started.
Speaker 4: We had to dig out of that. And when you
Speaker 4: dig out of that, yes, that's been the biggest driver,
Speaker 4: interestingly of utility costs when you look at the bill,
Speaker 4: where the costs related to decades and decades and decades
Speaker 4: of neglect to address the underlying issues around the hot's
Speaker 4: getting higher, dry is getting drier, climate, but also forest
Speaker 4: in vesitation, management and undergrounding, all of those.
Speaker 3: Things that we've ten xt.
Speaker 4: We haven't played in the margin five point three billion
Speaker 4: dollars in forest management.
Speaker 3: What I got it was about two hundred million a year.
Speaker 4: Unprecedented investments in this space, Unprecedented responsibility, accountability at PGE.
Speaker 4: We tie executive compensation to performance on safety. We also
Speaker 4: just passed under Cap and invest program, which we extended
Speaker 4: to twenty forty five. Because we're not walking away from
Speaker 4: low carbon green grol A sixty billion. Let me be fair,
Speaker 4: fifty six billion dollar rebate to address costs for utilities
Speaker 4: after eleven years. This is the eleven as Lieutenant governor Governor,
Speaker 4: we finally got a deal with other Western states to
Speaker 4: regionalize our grid. This is one of the big news
Speaker 4: stories that's gotten some.
Speaker 3: Trade attention, but will have the impact.
Speaker 4: Of allowing us to export more of our green and
Speaker 4: clean energy, provide more reliability at a lower cost. We
Speaker 4: estimate a billion dollars a year of savings through that
Speaker 4: for electricity, and we also just advance our nation leading
Speaker 4: energy efficiency programs under Title twenty four four point eight
Speaker 4: billion dollars projective savings.
Speaker 3: So we're not sitting on that issue as well.
Speaker 2: Too quick follow ups because I want to move on.
Speaker 2: You mentioned PG and E should the PG and E
Speaker 2: monopoly in California to be broken up.
Speaker 4: Well, PG and is a very different company than it
Speaker 4: was prior to bankruptcy. I'm more satisfied Under ten fifty four.
Speaker 4: That was the framework in the rubric to which we
Speaker 4: created a statutory requirement as exampled in my comments a
Speaker 4: moment ago, around executive compensation being tied to safety. We
Speaker 4: also have the clawback in that which will remind people
Speaker 4: of receivership where the state can actually assert control statutorially
Speaker 4: in that law that I passed, and we organized to
Speaker 4: take back control if they're not performed.
Speaker 2: So you're saying no, because the accountability does exist.
Speaker 4: Accountability is a persistent issue and continues to need to.
Speaker 3: Be improved.
Speaker 4: But I'm not convinced, And forgive me, I'm not that
Speaker 4: a state that finally is turned and is turning DMB
Speaker 4: around wants to get in the utility business.
Speaker 2: And you also mentioned permitting reform this morning. I think
Speaker 2: the President issued in executive order is he believes that
Speaker 2: the state is not moving fast enough on permitting to
Speaker 2: recover from the LA fires.
Speaker 4: Helpful, will give me one thing the state hasn't done
Speaker 4: to address an expertite permitting. There's nothing state doesn't do
Speaker 4: local permitting. I mean, this is the same president of
Speaker 4: United States, a president of the United States that said
Speaker 4: he waived all federal permitting.
Speaker 3: He said, which federal permit for local constructors?
Speaker 2: When I came down here, he was talking about this
Speaker 2: in his cabinet me.
Speaker 3: It's madness. I mean, it's actual madness.
Speaker 4: And it's what's more madden it is there's no accountability
Speaker 4: it's not called out. I mean, it's just so preposterous,
Speaker 4: so ludicrous, it's hard for me to even respond. But
Speaker 4: he's responding to his tonality of frustration because there's been
Speaker 4: two nine hundred and eighty one permits that have been.
Speaker 3: Approved so far as of this week.
Speaker 4: That's how I start a start every week with updated
Speaker 4: permits and by the way, stress tests that two nine
Speaker 4: eighty one. By the way, it's three hundred and eighty
Speaker 4: five a year later in Maui, or rather, forgive me
Speaker 4: in Paradise, which had sixteen thousand units roughly equivalent about
Speaker 4: fourteen thousand in Los Angeles, three hundred and eighty five
Speaker 4: a year later approved in Paradise two thousand, nine eighty one,
Speaker 4: over a thousand units under construction as we speak in LA.
Speaker 3: It's been just over a year. No one's happy, no
Speaker 3: one's satisfied. But it's unprecedented, just as.
Speaker 4: Was the cleanup done in six months, unprecedent dozeness houses
Speaker 4: that are already occupied, which is remarkable. Again, not good enough,
Speaker 4: so tonally, he expressed that frustration sign an executive order
Speaker 4: that has in the vernacular of San Francisco and San
Speaker 4: Franciscan's the form and substance of fog. There's no there there.
Speaker 4: It literally is meaningless. He actually the only thing meaningful
Speaker 4: is he calls for an audit of his own federal agency,
Speaker 4: which I think was a good idea.
Speaker 3: And the also meaningful thing.
Speaker 4: Is that he refuses to meaningfully address the issue for recovery,
Speaker 4: and that is the gaps between your insurance, the cost
Speaker 4: of construction, which has gone up because of his tariffs
Speaker 4: and his mass deportations and the impacts of those things.
Speaker 4: By providing to Congress a letter, simple letter, for a
Speaker 4: supplemental appropriation of thirty three point nine billion dollars, which
Speaker 4: is what the state is asking on behalf of the
Speaker 4: American people that happen to reside in southern California. Interestingly,
Speaker 4: on that, to their credit, Republican leaders in Congress, not
Speaker 4: just Democratic leaders, including yesterday our calling on the President
Speaker 4: to send that disaster supplemental on behalf of American people.
Speaker 4: And I could not be more proud of those leaders.
Speaker 4: In fact, one of them tragically passed away, and I
Speaker 4: was at his memorial a few days ago. Doug LaMalfa
Speaker 4: man of principle of character extraordinary American, also supported my
Speaker 4: recall Doug, but he's a good man.
Speaker 3: Was remarkable. Wife Jill Speaker Johnson was there.
Speaker 4: Fortunately he's walk right by me. I can have a
Speaker 4: chance to engage with him. He gave beautiful remarks, he
Speaker 4: really did about Doug, and he talked in principled terms,
Speaker 4: just not reflected in the work he does when he's
Speaker 4: in Washington, d C.
Speaker 2: Sadly, so, Governor, I want to talk about Davos first
Speaker 2: and then the Wealth tax in the next ten minutes
Speaker 2: before we open them up to questions. I believe the
Speaker 2: Secretary of Treasury said you were frolicking and Davos reason.
Speaker 2: But Canadian Prime minute he was as well. Canadian Prime
Speaker 2: Minister Market.
Speaker 3: I don't know as well, but I appreciate that. Yet,
Speaker 3: Mark Carney gave a powerful speech.
Speaker 2: A lot of people watched it, saying that the rules
Speaker 2: based global order is over, and I wonder if you
Speaker 2: agree with that and how the next president might repair
Speaker 2: some of these relationships.
Speaker 3: I chance to meet with Carney interesting right before the
Speaker 3: speech and forgive me.
Speaker 4: I I hope you guys have taken a look, maybe
Speaker 4: you've reported about it. Just a few days ago, the
Speaker 4: Foreign Minister of India gave a speech that was very
Speaker 4: similar to Carney's.
Speaker 3: India just made a deal with the EU on teriffs.
Speaker 4: Twenty years they've been talking about it, they weren't even
Speaker 4: talking to each other, and now with the friction that
Speaker 4: Trump has created, they've now brought the mother, as the
Speaker 4: EU president said, the mother of all trade deals together,
Speaker 4: and they did it in real time, building on what
Speaker 4: they did in South America with the EU. I mean,
Speaker 4: this wrecking ball presidency is jaw dropping in real time.
Speaker 4: So it goes to your question about what Carney said
Speaker 4: about that rupture.
Speaker 3: It's real truth. Trust.
Speaker 4: I talked to dozens and dozens of European leaders, presidents
Speaker 4: countries across the globe, had the opportunity to run in
Speaker 4: to people.
Speaker 3: From countries I have read about. I confess I can't
Speaker 3: even pronounce some of them. Universal condemnation. They said, sometimes you.
Speaker 4: Were unpredictable, but never this unreliable. It's a wrecking ball presidents.
Speaker 2: Should the next president offer an apology to our allies?
Speaker 3: How you look?
Speaker 4: I mean, the apology is loaded term in American politics.
Speaker 4: Bama's on an apology tour, so I appreciate the frame,
Speaker 4: but show respect. These are allies you also show respect
Speaker 4: for the fact that we're the envy of the world.
Speaker 4: I mean, your headline's not mine. I mean just a
Speaker 4: year ago, our economy is the enemy of the world.
Speaker 4: We continue from a global perspective and share of GDP
Speaker 4: continue to outperform decades and decades because of these translantic alliance.
Speaker 4: It's because of our trade and security relationships, particularly with
Speaker 4: our European allies.
Speaker 3: We're destroying all that in real time.
Speaker 4: I think it was Sam Rayburn who said, you know,
Speaker 4: any fool or idiot can break down a barn door,
Speaker 4: but it takes a great carpenter to build one.
Speaker 3: Destruction is not strength, it's weakness. Weakness masquerading is strength.
Speaker 3: That's all.
Speaker 4: Trump is weakness masquerading as strength. And so it will
Speaker 4: take the strength of character. It will take leadership to
Speaker 4: be repairs of that breach, and it will take some
Speaker 4: time to restore trust. But I'm a little more confident
Speaker 4: we can based upon just my observations, but also the
Speaker 4: interactions I was with leaders from Spain just yesterday. I
Speaker 4: continue to have the privilege representing the fourth largest economy
Speaker 4: of the world to engage with MoU from people around
Speaker 4: the world. Again, open hand, not a close fist sub
Speaker 4: national relationship, stable, strong partner California, unstable, unpredictable the federal government.
Speaker 3: But he'll Trump be known in years.
Speaker 4: He's got a few years left, even if his state
Speaker 4: of mind is to extend his term and have competitive
Speaker 4: authoritarian election like putin his Time of life suggests this
Speaker 4: term will be up in three and that gives us
Speaker 4: an opportunity to turn the proverbial page.
Speaker 2: And by the way, one report from Davos that did
Speaker 2: surprise me was the suggestion that you had a very
Speaker 2: kind of amiable interchange with the president and his staff
Speaker 2: behind the scenes.
Speaker 3: And he said, Gavin, you're good.
Speaker 2: And so how do we tellents your version of that,
Speaker 2: and how do we reconcile little public animosity and maybe
Speaker 2: the private fact slab.
Speaker 3: My wife is here.
Speaker 4: We had a close to twenty minute conversation with Trump
Speaker 4: the night before he federalized.
Speaker 3: The guard Or He just literally lied and said he
Speaker 3: read me the Riot Act. And Jim said, my god,
Speaker 3: that went well. Must have.
Speaker 4: I said, I know, I was like s laughing. I
Speaker 4: was smiling the whole time. He kept trying to bring
Speaker 4: up LA and no interest in LA. Wanted to talk
Speaker 4: about how many hats he had sold. He goes, what
Speaker 4: do you think of new scum? He says, this is
Speaker 4: right the night before he federalized National Guard. I said, hey, yeah,
Speaker 4: what do you think of new scum. It's pretty good,
Speaker 4: isn't it, I say, He goes, and I paused. He said,
Speaker 4: it's original new scum. I said, well, it's not really original.
Speaker 4: There was literally a guy in seventh grade on Baltimore
Speaker 4: Street used to call me that.
Speaker 3: And he goes, well, I have, but how about Maga.
Speaker 4: I said, well, that's pretty good, but that's not original either,
Speaker 4: and he got a little sick as I mentioned Ronald
Speaker 4: Reagan and I mentioned may even meg women make California
Speaker 4: great again, and he goes, no, matter how many hats
Speaker 4: you think I sold, I said, I don't know, he
Speaker 4: goes hundreds of that.
Speaker 3: That's amazing, sir, it's amazing.
Speaker 4: And so it's not amazing to me that we had
Speaker 4: that interaction. It should amaze all of you that the
Speaker 4: President of the United States, you know, operates as he does.
Speaker 4: And I continue, I said it this morning.
Speaker 3: On my team.
Speaker 4: I mean, they mentioned we have our morning meetings, our
Speaker 4: staff meetings, and you know, there were three or four things?
Speaker 4: Is he that you brought up today? I said, why'd
Speaker 4: you bury the lead? And it's just because it's just
Speaker 4: it's shock and awe.
Speaker 3: Every single day.
Speaker 4: Nothing can be normalized, but our relationship, strangely is normal personally.
Speaker 2: Okay, let me ask about the wealth tax and then
Speaker 2: we'll open this up. So folks in this room probably
Speaker 2: know the California health Care Union has proposed a wealth
Speaker 2: tax on the two hundred billionaires in the state five
Speaker 2: percent of their net worth over five years. You've come
Speaker 2: out against it. But what they're trying to address, what
Speaker 2: they say they're trying to address, is a shortfall in
Speaker 2: medical caused by HR one, the One Big Beautiful Act.
Speaker 3: Do you agree that.
Speaker 2: Medical that the state healthcare system isn't endangered by this
Speaker 2: federal law? And what should we do about it if
Speaker 2: not a wealth tax?
Speaker 3: Yeah? HR one is a disaster.
Speaker 4: I mean, just talk about your kids and grandkids who
Speaker 4: sat on them.
Speaker 3: Debt burden, interest rates, instability. I mean, it's the same
Speaker 3: Vesson guy. I would say, well, the devastits down.
Speaker 4: He didn't even mention the costs of the Big Beautiful
Speaker 4: Bill and how.
Speaker 2: That's going to impact the debt and so what do
Speaker 2: we if not asking the richest among us to pay?
Speaker 3: What do we do well?
Speaker 4: We do California is the most progressive tax structure in
Speaker 4: the United States of America.
Speaker 2: There are billionaires who are sitting on equity who don't
Speaker 2: sell it.
Speaker 4: We have a billionaire lower cancer that are paying those
Speaker 4: progressive taxes. We have the highest progressive tax rate in
Speaker 4: the United States of America.
Speaker 3: I long believe in that.
Speaker 4: I did sit a state of the state arguing in
Speaker 4: favor of it, and it should many ways be a
Speaker 4: model for reforms that we need to see federally.
Speaker 3: That said, I fear the way this has been drafted,
Speaker 3: and I'm old fashioned.
Speaker 4: I actually seek first to understand before I'm understood sometimes.
Speaker 3: And I was burdened by the facts.
Speaker 4: The fact is it actually will reduce investments in education.
Speaker 3: It will reduce investments and teachers and librarians, childcare.
Speaker 4: It will reduce investments in firefighting and police. The impact
Speaker 4: of a one time tax does not solve an ongoing
Speaker 4: structural challenge that has been exacerbated by the impacts of
Speaker 4: HR one. In fact, what it will do is what
Speaker 4: the Legislative Analysts Office said it would do, which didn't
Speaker 4: surprise any of us when they put that out. You
Speaker 4: would have a windfall one time, and then over the
Speaker 4: years you would see a significant reduction in taxes because
Speaker 4: tax payers will move.
Speaker 3: And that is what.
Speaker 4: I fear at a state level. At a state level,
Speaker 4: So what do you supported this?
Speaker 3: I think you can have.
Speaker 4: That's an interesting conversation. It's a challenging one too. There's
Speaker 4: some constitutional issues around takings. There's impact as it relates
Speaker 4: to the flow of capital, the impacts on the market,
Speaker 4: which are not inconsequential. If you told me you're gonna
Speaker 4: have a one time where do you mark to market?
Speaker 4: How do you audit? Do we go in and find
Speaker 4: out for those that are in this tac packet? When
Speaker 4: did you buy your boss?
Speaker 3: Yet?
Speaker 4: You sure it was nineteen seventy one? Or was nineteen
Speaker 4: ninety one? Markets have adjusted? Where's the wine collection?
Speaker 3: Sir?
Speaker 4: Let me look again? Hold it marked to market? Way
Speaker 4: to say, so, you haven't sold your stuff? But all
Speaker 4: these things it gets complicated. I'm not suggesting. I'm not
Speaker 4: here to belittle it argue. I think the imbalance I
Speaker 4: said at the state of the state, the imbalance between
Speaker 4: the rich and the poor is the oldest and most
Speaker 4: fatal ailment of all republics. That was Plutarch two thousand
Speaker 4: years ago. Ten percent of people on two thirds of
Speaker 4: wealth in the United States of America.
Speaker 3: This is not working.
Speaker 4: Thirty year old, never done worse thirty year old today
Speaker 4: than any generation of history.
Speaker 3: This is not working.
Speaker 4: You've got to democratize our economy. You're going to save democracy. Absolutely,
Speaker 4: But this proposal by one local in s c I U.
Speaker 3: I do not believe. Well, I get to the ballot.
Speaker 3: They have the money, I don't you know, and we'll see. Yeah,
Speaker 3: this is uh, there's.
Speaker 4: A lot of leverage in this. I think he's got
Speaker 4: three ballot initiatives. This is by the way, someone said
Speaker 4: to me, you need to veto this.
Speaker 3: I said, well, I can't because it's not legislators. And
Speaker 3: by the way, legislature is.
Speaker 4: Not promoting this. This is an individual with money and
Speaker 4: I had someone.
Speaker 3: You'll appreciate this true story. He was a zoom with
Speaker 3: munch of fancy folks.
Speaker 4: And he outraged, we've got to reform this direct democracy.
Speaker 4: Anyone can get some of the ballot. I said, just
Speaker 4: like you got the recall in the ballot.
Speaker 3: Yeah. He dropped off the.
Speaker 2: Scring And by the way, you go a long way
Speaker 2: back with a lot of these fancy folks, like how
Speaker 2: do you talk to them about leaving the state, And
Speaker 2: do they reckon with the inequality and the tax code
Speaker 2: and the need for them at some level.
Speaker 3: To pay more. Yeah.
Speaker 4: Look, I mean there's some extraordinarily enlightened people in that category,
Speaker 4: and there's some that they put a mask.
Speaker 3: On and their faces growing into it.
Speaker 2: And by the way, let me just be more specific,
Speaker 2: what do you tell Sergey when he says I'm moving
Speaker 2: to Incline or to Reno.
Speaker 3: Are you disappointed by Yeah?
Speaker 4: Of course, I mean, but obviously I think they're disappointing
Speaker 4: in some respect as well. I mean, there's just a
Speaker 4: lot of anxiety out there. And look, you know, I
Speaker 4: believe in a progressive tax system. I've championed a progressive
Speaker 4: tax system. I've defended it formally and informally, and will
Speaker 4: continue to And I do believe this economy is broken,
Speaker 4: and I do believe there is a reason there are
Speaker 4: a lot of Bernie supporters that are also Trump supporters,
Speaker 4: a lot of Trump supporters that are also Bernie Sander supporters,
Speaker 4: And that is something we should absorb and understand, and
Speaker 4: so I am not defending the status quo binding stretch
Speaker 4: of the imagination. In fact, our entire agendas around growth
Speaker 4: and inclusion. That's why we do have a minimum wage
Speaker 4: of twenty dollars, but not at Walmart, but at fast
Speaker 4: food restaurants. That's why we do have a twenty five
Speaker 4: dollars minimum wage, hiascination for healthcare workers. No other stake
Speaker 4: can like claim to that. In fact, twenty states have
Speaker 4: minimum waged. It's seven dollars and twenty five cents still
Speaker 4: today in this country.
Speaker 3: That's madness.
Speaker 4: That's why we did the earn income task credits, why
Speaker 4: I increase paid family leave, That's why I increase paid sickly.
Speaker 4: That's why we've done a brand new grade preschool for all.
Speaker 4: That's why we've done historic expansions for childcare. That's why
Speaker 4: we're doing more in healthcare, the largest healthcare expansion.
Speaker 3: In the country.
Speaker 4: That is also putting pressure on our Medicaid budget, there's
Speaker 4: no question about that. To absorb and offset that anxiety
Speaker 4: and stress. But I do think this is unfortunate and
Speaker 4: we'll you know, continue to make a case for alternative stress.
Speaker 2: Okay, thank you, Governor. Let's take a few question from
Speaker 2: the audience. There's two microphones. Please stay your name and
Speaker 2: your affilition.
Speaker 6: Sure.
Speaker 7: Lily Jamali with BBC News, Nice to see everybody on
Speaker 7: the billionaire tax proposal. I just wondered if you have
Speaker 7: actually engaged with any of the billionaires who have threatened
Speaker 7: or have left for months, and what have those conversations
Speaker 7: been like to can you.
Speaker 4: Give us species as you would suggest this is to me,
Speaker 4: it's so it's just become a story, even though for
Speaker 4: me it's an issue we've been tackling for five or
Speaker 4: six months, and now it's become it's just interesting to
Speaker 4: me for so many different reasons. So yeah, no, I
Speaker 4: I've engaged with the proponent of it directly indirectly. My
Speaker 4: staff consistently is working with the person that's championing this.
Speaker 4: I've met with people that feel they're being attacked because
Speaker 4: of it, people that have no problem paying more income tax,
Speaker 4: people that literally are giving away all of their money
Speaker 4: but want to do it on the timeline that their
Speaker 4: family is approved, not this individual's timeline. People that are
Speaker 4: concerned about losing control of their company.
Speaker 3: Because of the unique characteristics of their cash situation.
Speaker 4: Yes, I've met with all of them, and they're all
Speaker 4: in different stages of their lives, careers and their abundance.
Speaker 4: And some will never give a penny away. Some I respect,
Speaker 4: some I don't, so I never have. But I've met
Speaker 4: with those as well. Proof point one of the people
Speaker 4: that was out there promoting my recal. Yet I still
Speaker 4: reached out and met with those folks because I'm very
Speaker 4: mindful as a guy who budgets for this state that
Speaker 4: we rely on a very small number of people that
Speaker 4: allows us to do.
Speaker 3: Historic things.
Speaker 4: For example, with behavior health, which is probably one of
Speaker 4: the most exciting stories that has been under reported in California,
Speaker 4: the investments we're making to reform our behavioral system.
Speaker 3: There's a connection.
Speaker 4: And by the way, that's a literal connection because we
Speaker 4: have a millionaire's tax that also funds our Mental Health
Speaker 4: Services Act, and it provides an abundance of resources and
Speaker 4: investments in a spacey.
Speaker 3: Hey, Governor Jeremy.
Speaker 6: Webbers of Blio, thanks for taking my question. Mayor Matt
Speaker 6: Mayheon of San Jose is not running for governor, guy
Speaker 6: who's criticized elected Democrats in the state and you specifically,
Speaker 6: I'm wondering how you feel about a Democrat running to
Speaker 6: succeed you, seemingly running a campaign.
Speaker 3: I don't know enough about him. I don't good I
Speaker 3: wish him good luck.
Speaker 2: He said you've jumped blindly into Memeland.
Speaker 3: I believe was a quote.
Speaker 4: Well, I've tried to put a mirror up, don't I
Speaker 4: don't know that quote.
Speaker 3: Uh. I think it's been.
Speaker 4: Important what we've done, put a mirror up to the
Speaker 4: advererrant behavior.
Speaker 3: Of Donald Trump. Do you think, man, it's done a
Speaker 3: good job in tan Jose And.
Speaker 4: I think part of putting a mirror up to that
Speaker 4: avant behavior has allowed me to drive a conversation that
Speaker 4: I couldn't drive in the past. And it's a conversation
Speaker 4: that is style, undoubtedly, but also substance. Fifty three lawsuits,
Speaker 4: wildly successful in that space. Organizing with other governors strategies
Speaker 4: to not just defend ourselves but go on the offense.
Speaker 4: Let me give you an example, the West Coast offense
Speaker 4: with governors of other Western states for Healthcare Reproductive.
Speaker 3: Freedom Alliance that we've organized.
Speaker 4: Our engagement with a WHO was meeting with the president
Speaker 4: of the WHO and Davos.
Speaker 3: We saw JB.
Speaker 4: Pritzker, entering that the work we're doing coordinating with other
Speaker 4: ags on strategies related to what's happening and occurring today
Speaker 4: in many.
Speaker 3: Minneapolis and Minnesota.
Speaker 4: The fact that we're working directly with Governor Walt's office
Speaker 4: on a Meeks briest related to their litigation strategies, all
Speaker 4: of that's part and parcel of the approach that we've taken.
Speaker 8: Hi, my name is stri Mupitie. I'm a reporter at
Speaker 8: the Information at cover AI. My question is do you
Speaker 8: think we're in AI bubble and how do you foresee
Speaker 8: this playing out? Last night I reported that in video,
Speaker 8: Microsoft and Amazon are investing up to sixty billion in
Speaker 8: Opening Eye, And so I'm curious about sort of all
Speaker 8: these inter linked circular deals and what do you mean?
Speaker 2: And by the way, an amendment, because it's a great question.
Speaker 2: What would it mean for California if we are and the.
Speaker 4: Budget We're mindful of that. It's why we're in our
Speaker 4: January budget. The real show of our budget will be
Speaker 4: made because of the abundance of this moment. I mean
Speaker 4: I just satry December numbers which went through the roof
Speaker 4: our January numbers. We're in a very different place than
Speaker 4: we were just literally a few weeks ago when we
Speaker 4: announced our budget because the nature of the capital gains
Speaker 4: and the income tax revenue. Because of this moment, look,
Speaker 4: it was interesting. I was on so many different panels.
Speaker 4: I participated in these closed conversations around the issue of
Speaker 4: AI and surprisingly overseas. But of course that's what we
Speaker 4: all do here, seeing that an hourly basis not any
Speaker 4: daily basis, and the interactions we have.
Speaker 3: Are we in a bubble? Are we not in a bubble?
Speaker 4: And everyone's perspective by Larry Fink had his version of no,
Speaker 4: we're not, and others would suggest that we are. But
Speaker 4: the end of the day, the boom bust will lead
Speaker 4: to this sort of infrastructure, this new platform that will
Speaker 4: change everything in more ways on more days and fundamentally.
Speaker 4: On the other side of that is a little bit
Speaker 4: more optimism.
Speaker 3: But in the short term the situation soho, there'll be
Speaker 3: winners and losers.
Speaker 4: To your point, we are the beneficiary, the country is
Speaker 4: the beneficiary. You saw outperforming consumer spending is a relates
Speaker 4: to GDP in this country. I mean, this is the
Speaker 4: only thing Donald Trump has going for him right now
Speaker 4: personally too, because the crony capitalism, the seth deally that
Speaker 4: he's doing in this space, the crypto in the AI space.
Speaker 3: But it's a really exciting and livening time.
Speaker 4: California, as you know, is the first state to lead
Speaker 4: in terms of doing regulations for frontier.
Speaker 3: Models, large language models. We work through that over a
Speaker 3: two year process. It's become we think.
Speaker 4: I don't want to overstate it, but Kathy Hockel mirrored
Speaker 4: a lot of what we did.
Speaker 3: She made it our own in New York. In some ways,
Speaker 3: it may have the tenants of becoming a national model.
Speaker 3: We take it very seriously.
Speaker 4: Truth, trust, peril, promise, but I don't see it in
Speaker 4: binary terms. I'm not an accelerist, nor am I doomer
Speaker 4: in this respect. And maybe it's because I spend too
Speaker 4: much time with all of the flavors of perspectives on this,
Speaker 4: so I can see the contours.
Speaker 3: But I also know this, we don't know what we
Speaker 3: don't know.
Speaker 4: But I do see the need for us to address
Speaker 4: the issue of anxiety in a deep and profound way.
Speaker 4: And that's why we've been leading an effort which we
Speaker 4: hope to unveil very shortly on UBC not universal basic
Speaker 4: income income in the old construct. But this notion of
Speaker 4: universal basic capital, a lot of folks talking about sovereign
Speaker 4: wealth funds more challenging.
Speaker 3: Than it appears to do. That. I've been working to
Speaker 3: try to figure a version of that out.
Speaker 4: But universally basic capital is important predistribution strategies, not just
Speaker 4: redistribution strung tenants and aspects for the California economy. Your
Speaker 4: question that we're trying to shape more on that, We
Speaker 4: hope in May and June of this year as we
Speaker 4: lay out some tracks for resolving some of that anxiety
Speaker 4: going trying to get.
Speaker 3: To two more.
Speaker 9: Hi, Governor, thanks for taking our questions. You and the
Speaker 9: Attorney General released guidance this week saying that state and
Speaker 9: local law law enforcement have the authority to investigate violations
Speaker 9: of state law by federal officers. And there's also a
Speaker 9: proposal in the legislature this year that would require the
Speaker 9: state attorney general to investigate shootings by federal officers. So
Speaker 9: do you think that that should be a mandate and
Speaker 9: should it be the responsibility of state law enforcement.
Speaker 4: Or Well, we have great partnerships, you know, I've been
Speaker 4: very proud we worked with the legislature did some.
Speaker 3: Never been done.
Speaker 4: In California, we provided state grants for prosecution two hundred
Speaker 4: and sixty seven million dollars to fifty five laa's local
Speaker 4: law enforcement agencies for investigations and prosecution. So we believe
Speaker 4: you know, localism is determinative. It relates to local independent
Speaker 4: district attorneys. There's obviously role of our Department of Justice
Speaker 4: ag level, but needs to be determined on the basis
Speaker 4: of the facts on the ground.
Speaker 3: Your question as it relates.
Speaker 4: To legislation, as you know well, tend not to opine
Speaker 4: about penning legislation in real process as that process unfolds.
Speaker 4: But I appreciate you referencing something that I'm not sure
Speaker 4: many states have done of any And that was the
Speaker 4: guidance we put out in partnership with the ag reminding
Speaker 4: local days and local law enforcement officials of their authority
Speaker 4: vested in them understate law to move forward with prosecutions.
Speaker 4: It's limited in scope. We're not naive about federal rules
Speaker 4: and preemption. By the way, that's being tested in the courts.
Speaker 4: I signed the first in the country on unmasking for
Speaker 4: federal agencies for federal agents, which is also part of
Speaker 4: the discussion of whether or not we have a government shutdown,
Speaker 4: and I think it's an important one. I think they
Speaker 4: should take the masks off. You want to build trust,
Speaker 4: you want to build sense of community. Again, this idea
Speaker 4: that we have a private police force that seems to
Speaker 4: have taken an oath.
Speaker 3: Of office to the president, not the constitution.
Speaker 4: This paramilitary outfit scares the hell out of me, and
Speaker 4: I imagine scares the hell out of you and sure
Speaker 4: as hell as communities on edge all across this country.
Speaker 4: Unmasking would be one of the primary reforms we should
Speaker 4: avange one more.
Speaker 1: Thanks Ellie Kamasher with Bloomberg. Good to see you again.
Speaker 1: A couple of other pieces of legislation. One would ban
Speaker 1: ice officials from applying or getting California public employee jobs.
Speaker 1: Another one would tax immigration to centers in California. So
Speaker 1: wondering if you support any of those or what is
Speaker 1: kind of your constructive proposals.
Speaker 4: We've looked at that, and we've looked at that before
Speaker 4: the legislative proposal, and we've looked through I don't want
Speaker 4: to get I'm now literally seeing my legal memo in
Speaker 4: my mind on the proposal. I want to be careful
Speaker 4: not to opine on that, but it is pending. It's
Speaker 4: something we had already considered, and we'll see where the
Speaker 4: legislation lays out. But there are some legal parameters that
Speaker 4: have to be worked through on both of those.
Speaker 3: Before I let you go Governor.
Speaker 2: At the beginning of next year, you will be a
Speaker 2: fifty nine year old, unemployed man.
Speaker 3: Jennifer, there's nothing. Yeah, that's not even middle age. That's
Speaker 3: the other side of middle age.
Speaker 2: So what any plans for twenty twenty seven.
Speaker 4: I'm just so hurt by your question. I'm so struck
Speaker 4: by it.
Speaker 3: Yeah, I believe it's fact.
Speaker 4: I know I'm a milk carton with a sell by date,
Speaker 4: and it's that's that's why all these questions about who's
Speaker 4: next and all that are uncomfortable. And let me apologie
Speaker 4: us to Jerry Brown and for all the little things
Speaker 4: I said and did when I was sitting there chopping
Speaker 4: at his knees and feet and uh and uh and
Speaker 4: working to get in his office.
Speaker 3: But this has been a privilege.
Speaker 4: And I'm going to run one hundred and ten yard
Speaker 4: dash and if anyone sees evidence that I'm not, I
Speaker 4: got some work to do. But I think there's plenty
Speaker 4: of evidence that I am. You know, I've got an Okay,
Speaker 4: our process that's well established, that's the bane of existing.
Speaker 4: All my poor department heads and you know you can
Speaker 4: you can see what we got quarter by quarter and
Speaker 4: uh and all the work we want to do to
Speaker 4: finish the job and and and navigating this treacherous environment.
Speaker 4: I want to be held to a higher level of accountability.
Speaker 4: I know some people say, well, just you know, not
Speaker 4: your job to get out in front talk about the way.
Speaker 3: The world is and should be. I think it is
Speaker 3: my job.
Speaker 4: I have a moral authority that I need to bring
Speaker 4: to this conversation, not just a formal role of governor
Speaker 4: of California, but also represent the state or twenty seven
Speaker 4: percent of US are for and born size of twenty
Speaker 4: one state populations combined. We're global state. We're an international
Speaker 4: I mean, we are a universal state in every way,
Speaker 4: shape or form. What's happening around the globe impacts California
Speaker 4: disproportionately number one and two way trade, number one in
Speaker 4: direct foreign investment. Look at the ports, forty percent of
Speaker 4: the goods movement down in LA and Long Beach. All
Speaker 4: of this directly impacts US, and I think anyone running
Speaker 4: for governor and auditioning for governor needs.
Speaker 3: To be reminded of that as well. It's a big
Speaker 3: part of the job.
Speaker 4: En Roll asked farmers as the ranchers whose tax burden
Speaker 4: has gotten worse, not better since Donald Trump has become president.
Speaker 4: With these regressive taxes and tariffs, and the trade policies
Speaker 4: and all the dams we've done globally overseas, these are
Speaker 4: direct issues, and so it's really important, I think. And
Speaker 4: so that's my mindset, and we'll see where fate brings things.
Speaker 4: One thing I am, and this is important too.
Speaker 3: I'm also a small business guy.
Speaker 4: And most of you don't know that or don't care,
Speaker 4: but I started right out a colleg pen of paper.
Speaker 4: One part time employee, Pat Kelly, started about twenty one
Speaker 4: small businesses, restaurants, hotels, and wineries at peak about a
Speaker 4: thousand folks. Not saying that to impress anybody, but to
Speaker 4: press upon you a passionate entrepreneur. You know when people
Speaker 4: start Democrats don't understand p and ls, and I mean, yeah,
Speaker 4: spare me, spare me, live and breathe this. It's been
Speaker 4: in a blind trust, it's been frustrating, not that it
Speaker 4: matters anymore. I should be out here promoting, in fact,
Speaker 4: the business the way the president is operating. I am
Speaker 4: promoting my Patriot shop, which has the knee pads available,
Speaker 4: and maybe even a clone that we may be working on.
Speaker 4: That smells like success at least that's well, that's Trump's colonne.
Speaker 3: Forgive me that he's hawking.
Speaker 4: But I have a few identities, but public service is
Speaker 4: the most precious and no matter what happens, that that
Speaker 4: is never going to escape me. And that just may
Speaker 4: be me out there volunteering and working with Jen and
Speaker 4: her nonprofit on gender equality, or may manifest differently.
Speaker 3: Who knows. Governor, Thank you for joining us. It's good
Speaker 3: to be with you. Thank you much