WEBVTT - California Governor Gavin Newsom (D) Talks Donald Trump, ICE 0:00:02.520 --> 0:00:07.000 Bloomberg Audio Studios, podcasts, radio news. 0:00:08.360 --> 0:00:12.200 So, I think the situation in Minnesota is still on 0:00:12.240 --> 0:00:15.480 a lot of people's minds right now. I would like 0:00:15.520 --> 0:00:17.200 to hear, you know, what you thought of the. 0:00:17.120 --> 0:00:19.239 Events this weekend in Minneapolis, the death. 0:00:19.079 --> 0:00:22.160 Of Alex Pretty and then what we're hearing today about 0:00:22.160 --> 0:00:25.160 a possible pullback by the Trump administration. 0:00:25.239 --> 0:00:27.120 Do you feel like that has credibility? 0:00:30.760 --> 0:00:35.519 You got me on the credibility. Look for me, you know, 0:00:35.680 --> 0:00:41.839 just contextualize the way I process this. This you know, 0:00:42.360 --> 0:00:45.720 future happened here first in June of last year, where 0:00:45.720 --> 0:00:48.440 we had four thousand National Guard that were federalized, We 0:00:48.479 --> 0:00:50.520 had seven hundred active duty Marines that were not sent 0:00:50.640 --> 0:00:56.240 overseas to protect our interests, were sent to seize control 0:00:56.560 --> 0:00:58.680 of the second largest city in the United States of America, 0:00:58.720 --> 0:01:04.039 Los Angeles, to five thousand federalized troops on the streets 0:01:04.400 --> 0:01:05.600 of an American. 0:01:05.160 --> 0:01:06.560 City last June. 0:01:07.319 --> 0:01:11.000 That mindset was further stretched a few months later, when, 0:01:11.840 --> 0:01:17.440 in an effort to organize a construct to respond to 0:01:17.480 --> 0:01:22.959 what happened in Texas with midterm redistricting, we launched our 0:01:23.000 --> 0:01:28.119 campaign for Proposition fifty in Little Tokyo in Los Angeles, 0:01:28.400 --> 0:01:32.320 the sacred site of where we were bussing and intererning 0:01:32.360 --> 0:01:36.120 the Japanese well known side for anyone down in southern California. 0:01:36.120 --> 0:01:38.760 It was at the of all places, Democracy Center. As 0:01:38.840 --> 0:01:39.319 we were. 0:01:39.160 --> 0:01:43.080 Walking in, people were being intimidated by a gentleman by 0:01:43.080 --> 0:01:48.760 the name of Bovino. Greg Bovino masked men surrounding the building. 0:01:48.760 --> 0:01:52.760 A poor guy selling strawberries across the street disappeared. Collateral 0:01:52.840 --> 0:01:56.840 damage was found a few weeks later. Tried to intimidate 0:01:56.840 --> 0:02:00.720 folks from assembling. We said that was a preview. 0:02:00.400 --> 0:02:07.360 Of things to come. On election day in November. I 0:02:07.440 --> 0:02:11.320 wake up in the morning, true social says. 0:02:11.360 --> 0:02:15.800 The elections rig DOJ prosecutors and investigators are there. The 0:02:15.960 --> 0:02:18.800 expectation that they were going to file a lawsuit, which 0:02:18.840 --> 0:02:21.600 they have done as you know, was set. But they 0:02:21.680 --> 0:02:24.639 also set the tone of the day by sending out 0:02:24.760 --> 0:02:29.360 Bovino's team, the bore tech teams, the Border patrol tactical units, 0:02:29.600 --> 0:02:33.880 the Dodger Stadium assembled there in order to chill free 0:02:33.880 --> 0:02:37.200 expression and free speech for diverse communities that were already 0:02:37.320 --> 0:02:39.200 on edge on election day. 0:02:39.240 --> 0:02:41.919 These guys are not screwing around, So I'm getting the 0:02:42.520 --> 0:02:44.200 said nothing about. 0:02:44.320 --> 0:02:48.880 What's happening in Minnesota, and Minneapolis surprises me at all. 0:02:49.000 --> 0:02:54.120 Quite the contrary. And for a second, if Tom Homan, 0:02:55.200 --> 0:02:59.240 who was accused of a fifty thousand dollars bribe, were 0:02:59.320 --> 0:03:04.160 charges dis appeared. Speaking of disappearing cash, FBI is the 0:03:04.240 --> 0:03:05.160 adults in the room. 0:03:05.200 --> 0:03:06.920 We are in more trouble than any of you think. 0:03:07.040 --> 0:03:10.959 If Republicans don't agree to reform, ice to pull back 0:03:11.000 --> 0:03:14.040 on the DHS budget, should Democrats close the government that's 0:03:14.040 --> 0:03:14.720 now on the table. 0:03:14.800 --> 0:03:17.880 I don't think it's not an option. Well, it is 0:03:17.919 --> 0:03:19.840 an option. Not an option. 0:03:19.960 --> 0:03:22.160 You want your republic, You want to say this democracy, 0:03:22.200 --> 0:03:25.040 you want to enjoy the two hundred and fiftieth anniversary, 0:03:25.080 --> 0:03:28.120 maybe make two hundred and fifty first anniversary of the 0:03:28.200 --> 0:03:31.160 historic project of our founding fathers. It's not an option. 0:03:31.280 --> 0:03:35.040 What do you do in Fulton County today? What did 0:03:35.080 --> 0:03:38.320 Pambondi demand in order to move out? This is the 0:03:38.360 --> 0:03:41.520 second demand in two days, just twenty four hours ago. 0:03:41.520 --> 0:03:44.240 I'm old enough to remember pam Bondi said, we'll leave, 0:03:45.000 --> 0:03:47.080 but we want your voting roles. 0:03:47.480 --> 0:03:50.320 This is the FBI rating voting roles in Georgia around 0:03:50.320 --> 0:03:51.400 the twenty twenty election. 0:03:51.520 --> 0:03:54.200 Well, but I'm referring to that as it relates to 0:03:54.240 --> 0:03:58.560 the Fulton County example today, which is all about setting 0:03:59.320 --> 0:04:03.400 the baseline that the last election twenty twenty was rigged, 0:04:04.120 --> 0:04:07.080 so you should have zero confidence in the outcome of 0:04:07.080 --> 0:04:09.800 the midterm elections, which Donald Trump is going to get crushed. 0:04:11.360 --> 0:04:13.400 I mean, what more evidence do we need. It's a 0:04:13.440 --> 0:04:16.839 stacking of all of these things. He is not screwing around. 0:04:16.920 --> 0:04:19.840 He tried to light democracy on fire when he lost 0:04:19.839 --> 0:04:22.000 the election. Try to light it on fire, try to 0:04:22.040 --> 0:04:25.840 destroy this democracy, is trying to ruin our republic, He's 0:04:25.839 --> 0:04:26.520 trying to torture. 0:04:27.120 --> 0:04:30.000 What more evidence do we need on a day to 0:04:30.120 --> 0:04:31.880 day basis? All of this is. 0:04:31.880 --> 0:04:35.440 Part of that same narrative, that same threat. It's tragic. 0:04:35.520 --> 0:04:40.000 What's happening. A five year old, angelic young boy used 0:04:40.000 --> 0:04:45.200 as leverage and collateral this madness. Masked men not even 0:04:45.240 --> 0:04:50.479 identifying themselves, no warrants, terrorizing communities, people dying quite literally 0:04:50.560 --> 0:04:53.000 now dying. We said people who will die. People are 0:04:53.400 --> 0:04:56.640 dying in the United States of America. And what is 0:04:56.640 --> 0:04:57.480 the threat today? 0:04:57.800 --> 0:05:02.000 To your question, Well, do what we legally can't do 0:05:03.360 --> 0:05:06.760 or will continue to illegally do what we've been doing 0:05:06.880 --> 0:05:11.760 by terrorizing your community, by turning over people in local jails, 0:05:11.800 --> 0:05:12.320 or whatever the. 0:05:12.240 --> 0:05:14.760 Hell else we want as points of leverage. 0:05:14.839 --> 0:05:18.640 None of this can be normalized, and none of this, 0:05:19.600 --> 0:05:22.720 none of this can be considered credible in the context 0:05:23.120 --> 0:05:28.800 of any of this renewed, well renewed posture of the administration. 0:05:29.080 --> 0:05:31.240 You talked about what the National Guard did in California 0:05:31.320 --> 0:05:34.040 last year. Do you worry that you're continued emergence as 0:05:34.080 --> 0:05:37.000 a as a critic, as an antagonist a Trump will 0:05:37.040 --> 0:05:40.720 bring the same pain that we're seeing in Minnesota back 0:05:40.760 --> 0:05:41.480 to California. 0:05:43.080 --> 0:05:45.440 Well, I mean, I guess we can roll over, kiss 0:05:45.480 --> 0:05:50.320 the ring, put on some kneepads, do what the university's 0:05:50.440 --> 0:05:53.760 law firms, do what ABC did, Paramount did, do, what 0:05:53.839 --> 0:05:54.320 Meta did? 0:05:54.360 --> 0:05:57.040 YouTube did you know, do. 0:05:57.040 --> 0:06:00.800 What so many companies are doing. Maybe get a golden 0:06:00.839 --> 0:06:02.320 share in the Golden State. 0:06:04.880 --> 0:06:07.480 Me seriously, and just watch it all disappear. 0:06:07.520 --> 0:06:09.080 I guess we can do that, or we can stand 0:06:09.080 --> 0:06:11.520 on principle the rule of law, not the rule of 0:06:11.560 --> 0:06:13.440 don I hope it's Donnie, and on all of you. 0:06:13.480 --> 0:06:14.719 It's the rule of don. 0:06:15.880 --> 0:06:18.960 There are co equal branches of government, if a supine Congress. 0:06:18.960 --> 0:06:21.599 The only approximation of a co equal branch of government 0:06:21.680 --> 0:06:25.120 is the markets. Thank you, the markets, I mean Bloomberg. 0:06:25.800 --> 0:06:27.520 It's the only thing he seems to pay attention to. 0:06:27.560 --> 0:06:30.160 He doesn't even pay attention to court orders. You saw 0:06:30.200 --> 0:06:39.440 that the federal judge today ninety six specific attempts to 0:06:39.600 --> 0:06:43.359 completely deny court order just since he's been involved in 0:06:43.400 --> 0:06:47.800 this operation in Minnesota. This is code red, but it's 0:06:47.800 --> 0:06:50.520 become so normalized it's in our bloodstream. I mean, last 0:06:50.560 --> 0:06:53.440 night he did fifty six true socials in sixty minutes. 0:06:53.480 --> 0:06:55.280 Fifty six the President of the United State. 0:06:55.320 --> 0:06:57.320 It's one of them, and forgive me, it's not a 0:06:57.360 --> 0:07:01.120 big deal, but it should alarm you. Was an AI 0:07:01.440 --> 0:07:09.680 generated video of the governor involved with Mexican cartels that 0:07:10.120 --> 0:07:14.600 appears to have its origins as a Russian disinformation campaign. 0:07:14.800 --> 0:07:17.520 The President of the United States is tweeting that out 0:07:17.600 --> 0:07:21.360 about one of his political enemies. He said that hundreds 0:07:21.360 --> 0:07:25.360 of Walmart's stores shut down in the state of California 0:07:25.360 --> 0:07:30.080 because of a twenty two dollar minimum wage sixteen ninety. 0:07:31.040 --> 0:07:33.240 Walmart had to correct that today. 0:07:33.400 --> 0:07:36.840 Said, we actually just opened a news store that happened 0:07:36.840 --> 0:07:39.440 in the United States of America. But you see how 0:07:39.440 --> 0:07:41.680 that travels everywhere. It may even travel to one of 0:07:41.680 --> 0:07:45.160 your inboxes. Maybe it's a tweet, a retweet. 0:07:45.560 --> 0:07:48.040 I didn't say it. It was said all of a sudden. 0:07:48.080 --> 0:07:48.800 Now it's in a blog. 0:07:48.800 --> 0:07:53.560 All of a sudden, there's Jesse Waters, all of a sudden, 0:07:53.600 --> 0:07:56.960 there's Sean Hannity. All of a sudden, we're having a 0:07:57.000 --> 0:07:59.360 conversation where I have to say, no, it's not true. 0:07:59.400 --> 0:08:01.480 I'm not involved with the Mexican cartels. 0:08:01.840 --> 0:08:05.000 One of the things that is coming to California is 0:08:05.000 --> 0:08:07.840 an investigation in the waste, fraud and abuse. The Trump 0:08:07.880 --> 0:08:12.080 administration clearly had some success with that in Minnesota. Governor 0:08:12.120 --> 0:08:15.000 Tim Walls is not running for reelection, and now they've 0:08:15.040 --> 0:08:16.920 promised that the investigation into. 0:08:16.720 --> 0:08:17.920 California has begun. 0:08:18.360 --> 0:08:20.400 What will they find and what is at stake? 0:08:20.600 --> 0:08:24.200 Well, they'll find a state that's taken that issue very, 0:08:24.240 --> 0:08:26.600 very seriously. They'll find a state that years and years 0:08:26.600 --> 0:08:29.600 ago established the first framework, something called id ME that 0:08:29.640 --> 0:08:32.120 has stopped one hundred and thirty five billion dollars of fraud. 0:08:32.160 --> 0:08:33.320 Just at the EDD Department. 0:08:33.640 --> 0:08:36.199 You'll see someone working with the Trump one point zero 0:08:36.240 --> 0:08:39.680 administration calling out the fraud in the PUA program, which, 0:08:39.720 --> 0:08:43.239 by the way, the OIG in the dljail at the DL, 0:08:43.600 --> 0:08:47.160 the Department of Labor, his own Office of Inspector General 0:08:47.280 --> 0:08:49.880 identified one hundred and sixty three billion dollars a fraud 0:08:49.960 --> 0:08:55.080 under his administration in that program. California was able to 0:08:55.160 --> 0:08:59.960 stop it. We've prosecuted nine hundred and twenty nine individuals, 0:09:00.280 --> 0:09:03.000 we've called back five point nine almost six billion dollars, 0:09:03.360 --> 0:09:07.880 and we're still winding up all across the country that 0:09:08.040 --> 0:09:10.400 was taking shape. You may have just seen some headlines. 0:09:10.400 --> 0:09:13.839 Thank you for those that wrote about them. The California 0:09:13.880 --> 0:09:18.440 became the first pay by Touch with EBT. EBT cards 0:09:18.600 --> 0:09:22.480 saw eighty three percent decline in fraud just last year. 0:09:22.520 --> 0:09:25.880 You saw what we're doing and what the Trump administration's doing. 0:09:26.120 --> 0:09:28.880 To your question with doctor Oz. 0:09:30.440 --> 0:09:34.120 Might have well, you're living in Oz when he went 0:09:34.160 --> 0:09:37.240 down tacking the Armenian community just a few days ago. 0:09:37.559 --> 0:09:39.520 A business is down now thirty percent. 0:09:40.040 --> 0:09:45.440 Poor guy, small businessman running a bakery because he decided 0:09:45.440 --> 0:09:46.959 to do a little TikTok video. 0:09:46.800 --> 0:09:47.439 Or something. 0:09:49.320 --> 0:09:55.080 Saying they're somehow connected to the mob around hospice hospice. 0:09:55.080 --> 0:09:57.800 We've been after that for years and years, before OZ 0:09:58.160 --> 0:10:01.240 was even on the scene. Twenty twenty one, we did 0:10:01.240 --> 0:10:03.600 a moratorium on new hospice program two hundred and eighty. 0:10:03.760 --> 0:10:06.800 We shuddered. We've been after this for years and years 0:10:06.800 --> 0:10:09.000 and years. We want an open hand, not a close fist. 0:10:09.480 --> 0:10:12.040 We absolutely are here to be a partner to go 0:10:12.080 --> 0:10:13.560 after waste, fraud and abuse. 0:10:13.600 --> 0:10:16.080 I started something called ODI Office Digital Innovation. 0:10:16.320 --> 0:10:21.600 I did not, my mistake, do it with a chainsaw. 0:10:23.160 --> 0:10:24.480 Had I done that, you would. 0:10:24.240 --> 0:10:24.760 Know about it. 0:10:27.080 --> 0:10:31.200 We just began the Office Digital Innovation and we started 0:10:31.400 --> 0:10:33.760 to begin a process of we're forming our procurement and 0:10:33.800 --> 0:10:36.720 our strategies on technology across the board, but also on 0:10:36.760 --> 0:10:39.079 the issues of wastepawn abuse. By the way, ODI was 0:10:39.240 --> 0:10:41.600 partnership with the Hot and Human Service to create the 0:10:41.600 --> 0:10:44.040 new EBD card, which again is leading the nation. 0:10:44.120 --> 0:10:45.440 I'm humbled in this prospective. 0:10:45.440 --> 0:10:48.880 No one's denying these issues, but let's also not deny 0:10:49.200 --> 0:10:54.240 this is purely political. You all know this because I 0:10:54.280 --> 0:10:56.559 know you know it, because this is an incredibly bright group. 0:10:56.960 --> 0:10:59.600 You know about the forty eight people just a few 0:10:59.640 --> 0:11:03.880 months ago that we're convicted of fourteen point six billion 0:11:03.920 --> 0:11:05.600 dollars in healthcare fraud in Texas. 0:11:05.760 --> 0:11:07.800 Right, you all know that. 0:11:09.679 --> 0:11:15.280 You must And if you don't, it's because it wasn't 0:11:15.280 --> 0:11:16.800 colored in by the Trump administration. 0:11:16.840 --> 0:11:19.440 Because this is not about fraud and abuse. 0:11:20.160 --> 0:11:25.880 This is about the polarization, politicalization, weaponization not just a grievance, 0:11:26.280 --> 0:11:32.679 but weaponization across the board of agencies, and weaponization the 0:11:32.800 --> 0:11:35.680 likes of which we've never seen from an administration in 0:11:35.760 --> 0:11:36.200 our life. 0:11:36.280 --> 0:11:37.880 Well, let's try to take a step out of the 0:11:37.880 --> 0:11:40.520 polarization for a moment and talk about your record as 0:11:40.559 --> 0:11:42.240 governor over the last eleven years. 0:11:42.400 --> 0:11:45.360 And I know there's lots to be proud of. Full 0:11:45.440 --> 0:11:51.480 term governor. Yeah, it's also eleven years. It feels like eleven, 0:11:51.679 --> 0:11:54.560 but it's been just seven. But I appreciate that now. 0:11:54.679 --> 0:11:57.000 But it's also, you know, undeniable that we have high 0:11:57.040 --> 0:11:59.600 housing costs some of the highest in the nation, high 0:11:59.720 --> 0:12:03.719 energy costs, among the or perhaps the highest unemployment rate 0:12:03.760 --> 0:12:06.400 in the country. So make the case for us that 0:12:06.600 --> 0:12:09.480 Californians are better off than they were when you took off. 0:12:09.600 --> 0:12:11.640 Well, I don't know. We have the fourth largest economy 0:12:11.679 --> 0:12:12.800 in the world, not the sixth. 0:12:13.400 --> 0:12:15.360 We have more fortune, five hundred companies, and we did 0:12:15.400 --> 0:12:18.480 since twenty nineteen. By the way, Bloomberg data forty nine. 0:12:18.559 --> 0:12:22.160 Now it's fifty eight. We dominate four and five point 0:12:22.559 --> 0:12:25.360 six billion dollar output, thirteen point nine percent of the 0:12:25.440 --> 0:12:28.320 nation's manufacturing. No one comes close sixty two point one 0:12:28.400 --> 0:12:31.760 billion dollars. Just as it relates to agriculture. On the 0:12:31.800 --> 0:12:34.000 issue of housing, there's no state and even some of 0:12:34.000 --> 0:12:38.600 our most progressive critics like has reclined of knowledge. California 0:12:38.640 --> 0:12:41.839 is housing policies to finally break through the original sin 0:12:41.880 --> 0:12:44.679 that goes back decades and decades around the supply a 0:12:44.760 --> 0:12:47.439 demand housing and ballots in the state. We're finally making 0:12:47.480 --> 0:12:50.600 progress in that space, holding cities in counties accountable through 0:12:50.600 --> 0:12:54.840 a housing Accountability unit. We're moving mountains in that space. 0:12:54.880 --> 0:12:57.880 As it relates to broader issues of this state, we 0:12:58.000 --> 0:13:02.520 dominate in fusion robotics. You saw just what Elon just. 0:13:02.480 --> 0:13:05.240 Said he's going to do to convert his factory with 0:13:05.520 --> 0:13:06.200 S and X. 0:13:06.240 --> 0:13:08.599 It's now going to be the new robotics, infusion and 0:13:08.720 --> 0:13:13.400 nuclear advanced nuclear. Obviously in quantum you all know about AI. 0:13:13.640 --> 0:13:14.720 There's no peers. 0:13:15.080 --> 0:13:18.679 You saw last year venture capital highest it's ever been 0:13:18.679 --> 0:13:21.800 one hundred and six billion dollars sixty eight billion last year, 0:13:22.400 --> 0:13:25.360 one hundred and six this year. Interesting, close to seventy 0:13:25.360 --> 0:13:28.160 percent of those dollars invested back in to the state 0:13:28.160 --> 0:13:32.319 of California UCLA. Every year they put out a report 0:13:32.360 --> 0:13:35.880 going back since Ronald Reagan, noting that the unique nature 0:13:35.960 --> 0:13:40.480 of our economy, across a spectrum of reasons and issues, 0:13:40.720 --> 0:13:43.040 we tend to have a point nine to one point 0:13:43.040 --> 0:13:47.520 two percent higher unemployment rate consistently going back to when 0:13:47.600 --> 0:13:50.559 Reagan was governor of California than the rest of the 0:13:50.640 --> 0:13:53.120 nation today it's one point one percent higher. 0:13:53.280 --> 0:13:56.480 You are correct about that. It's a stubborn reality, and 0:13:56.520 --> 0:13:57.280 we can get into that. 0:13:57.320 --> 0:14:00.120 And the reason I point out those reports is they 0:14:00.120 --> 0:14:03.160 tend to do it in a remarkable and sophisticated way 0:14:03.440 --> 0:14:05.160 that goes to the struggle of all of us to 0:14:05.240 --> 0:14:08.960 reconcile that but difference. Now, we have our first economic 0:14:08.960 --> 0:14:12.280 and workforce development plan in our state's history, around regions 0:14:12.360 --> 0:14:16.439 rising together. It's thirteen economic and workforce development plans, something 0:14:16.480 --> 0:14:17.200 I'm very proud of. 0:14:17.240 --> 0:14:20.840 We spent three years working on. In fact, we'll be announcing. 0:14:20.520 --> 0:14:23.360 The latest plan DT's here as part of this in 0:14:23.440 --> 0:14:27.320 Orange County next week, and we continue to try to 0:14:27.360 --> 0:14:30.720 reconcile the realities in our diverse. 0:14:30.440 --> 0:14:32.239 Communities, rural not just urban. 0:14:31.960 --> 0:14:34.640 Communities, the live reality of people that don't live in 0:14:34.680 --> 0:14:35.280 the aggregate. 0:14:35.960 --> 0:14:38.120 You know, the most important word in politics right now 0:14:38.160 --> 0:14:41.800 is affordability. Is it still too expensive for average Californians 0:14:41.800 --> 0:14:42.400 to make ends meet? 0:14:42.480 --> 0:14:44.560 Well, that's why we created a brand new grade preschool 0:14:44.600 --> 0:14:47.680 for all saving people eighteen thousand dollars. That's why we 0:14:47.720 --> 0:14:49.640 did the biggest expansion of any state in the United 0:14:49.640 --> 0:14:51.440 States history on childcare subsidies. 0:14:51.920 --> 0:14:54.840 That's why we created a new product. 0:14:55.120 --> 0:14:57.920 Not Trump Our X should have called a new simar X. Again, 0:14:57.960 --> 0:15:01.880 you would have paid attention. It's called Alrx eleven dollars insulin. 0:15:02.400 --> 0:15:05.320 Not to subsidize cost, to lower cost. That's why we're 0:15:05.360 --> 0:15:07.920 coming out with our own diapers, which is exciting. I'm 0:15:07.960 --> 0:15:10.680 exciting to make an announcement in that space. It's why 0:15:10.720 --> 0:15:13.360 we've not doubled, we've almost tripled the earn income tax 0:15:13.400 --> 0:15:16.400 credits over one billion dollars allow working families to keep 0:15:16.400 --> 0:15:18.240 more of their earning. It's why we had the largest 0:15:18.240 --> 0:15:20.280 tax rebate in US history. 0:15:21.480 --> 0:15:22.320 At a state level. 0:15:22.360 --> 0:15:25.760 Eighteen point one billion, almost eighteen point three depending. 0:15:25.400 --> 0:15:27.400 On how you categorize it. 0:15:27.000 --> 0:15:30.320 But eighteen billion dollar tax rebate to address those costs. 0:15:30.320 --> 0:15:32.760 It's why we have the most progressive rent controls of 0:15:32.800 --> 0:15:37.320 any state in America. That's why we're going hard on 0:15:37.400 --> 0:15:39.760 the supply demand in Ballance as it relates to housing. 0:15:40.440 --> 0:15:43.320 That's why we're starting to address these issues of time 0:15:43.840 --> 0:15:47.560 to delivery some of the most progressive reforms on permitting 0:15:47.560 --> 0:15:51.600 in our state's history for large scale projects. Deliver on 0:15:51.680 --> 0:15:54.640 these large scale projects. We didn't wait for the Abundance 0:15:54.640 --> 0:15:56.920 Book to come out on that. We advanced some of 0:15:56.920 --> 0:15:59.000 those projects years and years ago. Let me give you 0:15:59.040 --> 0:16:00.760 a proof point because it goes to the energy question. 0:16:01.800 --> 0:16:07.520 Since nineteen I'm in San Francisco. Since eighteen seventy four, 0:16:08.560 --> 0:16:12.359 we've installed about one hundred and five gigawatts of electricity 0:16:12.360 --> 0:16:15.720 in the state, thirty point two since I've been governor. 0:16:17.080 --> 0:16:18.720 And why do I highlight that? Because it needs to 0:16:18.760 --> 0:16:22.440 be highlighted. One of the largest installed battery and solar 0:16:22.480 --> 0:16:25.640 farms in the world, Darted in Fresno County, was just 0:16:25.680 --> 0:16:29.880 approved twenty three hundred megawatts under the new procurement reforms 0:16:30.360 --> 0:16:34.440 under these new regulatory reforms. I'm making the point that 0:16:34.480 --> 0:16:37.800 we haven't been sitting back on some of these structural issues. 0:16:37.840 --> 0:16:41.520 I inherited the most blessed and cursed state in America. 0:16:42.160 --> 0:16:45.040 The day I got into office, the largest utility in 0:16:45.080 --> 0:16:49.520 the United States was bankrupt PGE. That's how I started. 0:16:50.760 --> 0:16:53.520 We had to dig out of that. And when you 0:16:53.520 --> 0:16:56.040 dig out of that, yes, that's been the biggest driver, 0:16:56.240 --> 0:16:59.400 interestingly of utility costs when you look at the bill, 0:17:00.120 --> 0:17:03.880 where the costs related to decades and decades and decades 0:17:03.880 --> 0:17:08.920 of neglect to address the underlying issues around the hot's 0:17:08.960 --> 0:17:11.919 getting higher, dry is getting drier, climate, but also forest 0:17:11.960 --> 0:17:15.120 in vesitation, management and undergrounding, all of those. 0:17:14.960 --> 0:17:16.080 Things that we've ten xt. 0:17:16.160 --> 0:17:18.639 We haven't played in the margin five point three billion 0:17:18.720 --> 0:17:20.360 dollars in forest management. 0:17:20.560 --> 0:17:22.280 What I got it was about two hundred million a year. 0:17:22.960 --> 0:17:27.639 Unprecedented investments in this space, Unprecedented responsibility, accountability at PGE. 0:17:28.000 --> 0:17:33.919 We tie executive compensation to performance on safety. We also 0:17:34.240 --> 0:17:37.000 just passed under Cap and invest program, which we extended 0:17:37.000 --> 0:17:39.600 to twenty forty five. Because we're not walking away from 0:17:39.680 --> 0:17:42.840 low carbon green grol A sixty billion. Let me be fair, 0:17:43.960 --> 0:17:49.679 fifty six billion dollar rebate to address costs for utilities 0:17:50.400 --> 0:17:55.479 after eleven years. This is the eleven as Lieutenant governor Governor, 0:17:55.560 --> 0:17:58.520 we finally got a deal with other Western states to 0:17:58.680 --> 0:18:01.880 regionalize our grid. This is one of the big news 0:18:01.920 --> 0:18:03.080 stories that's gotten some. 0:18:03.840 --> 0:18:07.240 Trade attention, but will have the impact. 0:18:06.800 --> 0:18:09.119 Of allowing us to export more of our green and 0:18:09.160 --> 0:18:12.840 clean energy, provide more reliability at a lower cost. We 0:18:12.960 --> 0:18:15.640 estimate a billion dollars a year of savings through that 0:18:16.280 --> 0:18:21.080 for electricity, and we also just advance our nation leading 0:18:21.200 --> 0:18:24.440 energy efficiency programs under Title twenty four four point eight 0:18:24.440 --> 0:18:26.120 billion dollars projective savings. 0:18:26.280 --> 0:18:28.960 So we're not sitting on that issue as well. 0:18:28.960 --> 0:18:30.879 Too quick follow ups because I want to move on. 0:18:31.040 --> 0:18:32.919 You mentioned PG and E should the PG and E 0:18:33.040 --> 0:18:35.040 monopoly in California to be broken up. 0:18:35.200 --> 0:18:38.480 Well, PG and is a very different company than it 0:18:38.600 --> 0:18:45.040 was prior to bankruptcy. I'm more satisfied Under ten fifty four. 0:18:45.119 --> 0:18:46.840 That was the framework in the rubric to which we 0:18:46.960 --> 0:18:51.159 created a statutory requirement as exampled in my comments a 0:18:51.200 --> 0:18:55.399 moment ago, around executive compensation being tied to safety. We 0:18:55.520 --> 0:18:59.040 also have the clawback in that which will remind people 0:18:59.720 --> 0:19:04.840 of receivership where the state can actually assert control statutorially 0:19:05.880 --> 0:19:08.639 in that law that I passed, and we organized to 0:19:08.760 --> 0:19:11.000 take back control if they're not performed. 0:19:11.080 --> 0:19:13.560 So you're saying no, because the accountability does exist. 0:19:13.760 --> 0:19:18.600 Accountability is a persistent issue and continues to need to. 0:19:20.280 --> 0:19:21.119 Be improved. 0:19:21.800 --> 0:19:26.280 But I'm not convinced, And forgive me, I'm not that 0:19:27.040 --> 0:19:30.960 a state that finally is turned and is turning DMB 0:19:31.080 --> 0:19:33.720 around wants to get in the utility business. 0:19:33.960 --> 0:19:36.920 And you also mentioned permitting reform this morning. I think 0:19:36.960 --> 0:19:40.080 the President issued in executive order is he believes that 0:19:40.119 --> 0:19:42.520 the state is not moving fast enough on permitting to 0:19:42.560 --> 0:19:43.920 recover from the LA fires. 0:19:44.880 --> 0:19:48.480 Helpful, will give me one thing the state hasn't done 0:19:48.520 --> 0:19:51.960 to address an expertite permitting. There's nothing state doesn't do 0:19:52.000 --> 0:19:54.600 local permitting. I mean, this is the same president of 0:19:54.680 --> 0:19:58.480 United States, a president of the United States that said 0:19:58.480 --> 0:19:59.600 he waived all federal permitting. 0:19:59.640 --> 0:20:02.520 He said, which federal permit for local constructors? 0:20:02.520 --> 0:20:04.199 When I came down here, he was talking about this 0:20:04.280 --> 0:20:04.879 in his cabinet me. 0:20:05.000 --> 0:20:06.720 It's madness. I mean, it's actual madness. 0:20:06.760 --> 0:20:09.280 And it's what's more madden it is there's no accountability 0:20:09.560 --> 0:20:12.159 it's not called out. I mean, it's just so preposterous, 0:20:12.200 --> 0:20:15.119 so ludicrous, it's hard for me to even respond. But 0:20:15.200 --> 0:20:18.680 he's responding to his tonality of frustration because there's been 0:20:18.680 --> 0:20:21.600 two nine hundred and eighty one permits that have been. 0:20:21.440 --> 0:20:22.920 Approved so far as of this week. 0:20:22.920 --> 0:20:25.760 That's how I start a start every week with updated 0:20:25.760 --> 0:20:29.720 permits and by the way, stress tests that two nine 0:20:29.960 --> 0:20:31.800 eighty one. By the way, it's three hundred and eighty 0:20:31.880 --> 0:20:34.800 five a year later in Maui, or rather, forgive me 0:20:35.119 --> 0:20:39.399 in Paradise, which had sixteen thousand units roughly equivalent about 0:20:39.440 --> 0:20:42.679 fourteen thousand in Los Angeles, three hundred and eighty five 0:20:43.119 --> 0:20:47.080 a year later approved in Paradise two thousand, nine eighty one, 0:20:47.080 --> 0:20:50.240 over a thousand units under construction as we speak in LA. 0:20:50.680 --> 0:20:53.399 It's been just over a year. No one's happy, no 0:20:53.440 --> 0:20:56.360 one's satisfied. But it's unprecedented, just as. 0:20:56.320 --> 0:21:01.200 Was the cleanup done in six months, unprecedent dozeness houses 0:21:01.200 --> 0:21:05.200 that are already occupied, which is remarkable. Again, not good enough, 0:21:05.240 --> 0:21:09.960 so tonally, he expressed that frustration sign an executive order 0:21:10.000 --> 0:21:12.200 that has in the vernacular of San Francisco and San 0:21:12.240 --> 0:21:17.680 Franciscan's the form and substance of fog. There's no there there. 0:21:19.240 --> 0:21:22.440 It literally is meaningless. He actually the only thing meaningful 0:21:22.520 --> 0:21:24.800 is he calls for an audit of his own federal agency, 0:21:25.080 --> 0:21:27.200 which I think was a good idea. 0:21:27.320 --> 0:21:28.840 And the also meaningful thing. 0:21:28.760 --> 0:21:34.679 Is that he refuses to meaningfully address the issue for recovery, 0:21:34.960 --> 0:21:37.640 and that is the gaps between your insurance, the cost 0:21:37.680 --> 0:21:40.480 of construction, which has gone up because of his tariffs 0:21:40.520 --> 0:21:43.399 and his mass deportations and the impacts of those things. 0:21:45.280 --> 0:21:49.879 By providing to Congress a letter, simple letter, for a 0:21:49.880 --> 0:21:53.119 supplemental appropriation of thirty three point nine billion dollars, which 0:21:53.200 --> 0:21:55.679