1 00:00:00,640 --> 00:00:03,200 Speaker 1: Can I Am six forty you're listening to the John 2 00:00:03,240 --> 00:00:07,480 Speaker 1: Cobelt podcast on the iHeartRadio app John Cobelt Show. Can 3 00:00:07,640 --> 00:00:11,280 Speaker 1: I Am six forty Live everywhere on the iHeartRadio app? 4 00:00:11,400 --> 00:00:14,480 Speaker 1: All right, boy, imagine the whistleblowers here in LA could 5 00:00:14,480 --> 00:00:18,920 Speaker 1: describe what's really going on with Karen Bass's homeless agencies. 6 00:00:21,120 --> 00:00:26,639 Speaker 1: Every few months she waddles off to MacArthur Park to 7 00:00:26,680 --> 00:00:29,800 Speaker 1: claim that something has to be done about all the 8 00:00:29,840 --> 00:00:33,360 Speaker 1: disgusting things that are going on there. You got the 9 00:00:33,400 --> 00:00:36,720 Speaker 1: homeless people, you know, which is primarily mental patients and 10 00:00:36,800 --> 00:00:41,640 Speaker 1: drug addicts. You've got criminals, You've got gangs. You've got 11 00:00:41,680 --> 00:00:45,640 Speaker 1: their openly selling drugs and weapons in the park. You 12 00:00:45,720 --> 00:00:50,479 Speaker 1: have all sorts of crazy behavior, not to mention all 13 00:00:50,520 --> 00:00:56,000 Speaker 1: the illegal alien businesses. New York Post did their own 14 00:00:56,440 --> 00:01:03,520 Speaker 1: walk through investigation of MacArthur Park and they watched the 15 00:01:03,720 --> 00:01:08,240 Speaker 1: LA Fire Department Station eleven what they have to do 16 00:01:08,319 --> 00:01:11,200 Speaker 1: all day and really all year. And I found this, 17 00:01:11,560 --> 00:01:17,000 Speaker 1: I found this fascinating. They wrote, A cramped, aging fire 18 00:01:17,080 --> 00:01:21,080 Speaker 1: station jammed up against MacArthur Park has been dragged into 19 00:01:21,120 --> 00:01:24,880 Speaker 1: a street war. It never asked for. That fire station, 20 00:01:25,040 --> 00:01:28,640 Speaker 1: they say, is now a triage unit because MacArthur Park 21 00:01:28,760 --> 00:01:31,839 Speaker 1: is one of the nastiest fentanyl zones in Los Angeles, 22 00:01:33,720 --> 00:01:36,959 Speaker 1: and you see them the fentalyl addicts, some of them 23 00:01:36,959 --> 00:01:41,440 Speaker 1: on xylazine because the dealers started cunning fentanyl with xylazine, 24 00:01:41,760 --> 00:01:46,280 Speaker 1: which I believe is some kind of horse tranquilizer. And 25 00:01:47,120 --> 00:01:50,320 Speaker 1: whatever the effect of the drug is, it it makes 26 00:01:50,360 --> 00:01:52,720 Speaker 1: a it's a more powerful impact on your brain, but 27 00:01:52,800 --> 00:01:56,040 Speaker 1: it causes your your skin to rot. You end up 28 00:01:56,040 --> 00:02:00,560 Speaker 1: with these gaping, open, rotting wounds. And that's what wanders 29 00:02:00,600 --> 00:02:05,800 Speaker 1: around MacArthur Park, the these zombies with their gaping mounds, 30 00:02:07,240 --> 00:02:10,320 Speaker 1: Post says. The LA Fire Department Station eleven has fourteen 31 00:02:10,400 --> 00:02:15,880 Speaker 1: firefighters on daily duty, sometimes sixteen. They have an ambulance, 32 00:02:15,960 --> 00:02:19,720 Speaker 1: a fast response truck, and the pace at which the 33 00:02:19,760 --> 00:02:24,600 Speaker 1: firehouse must keep up with calls is almost incomprehensible. Listen 34 00:02:24,639 --> 00:02:31,720 Speaker 1: to this. Station eleven had eight thousand, five hundred and 35 00:02:31,880 --> 00:02:34,519 Speaker 1: sixty eight ambulance runs in the first eight months in 36 00:02:34,600 --> 00:02:38,640 Speaker 1: twenty twenty five, eight five hundred and sixty eight ambulance 37 00:02:38,720 --> 00:02:43,959 Speaker 1: runs in eight months. That's over a thousand ambulance runs 38 00:02:44,160 --> 00:02:46,840 Speaker 1: a month, and there's only thirty days in a month. 39 00:02:51,040 --> 00:02:54,280 Speaker 1: They only had fifty five structure fires. So most of 40 00:02:54,320 --> 00:02:58,720 Speaker 1: what they do is they deal with fires started by 41 00:02:58,919 --> 00:03:02,800 Speaker 1: the bums. The bumfights, rubbish fires, garbage fires. That's what 42 00:03:02,880 --> 00:03:07,200 Speaker 1: the homeless do all day. The firehouse is one of 43 00:03:07,240 --> 00:03:11,880 Speaker 1: the busiest in the country, primarily putting out homeless fires. 44 00:03:13,200 --> 00:03:16,400 Speaker 1: How insane is that that? Karen Bass and now she's 45 00:03:16,440 --> 00:03:20,959 Speaker 1: been at this for three years runs the city where 46 00:03:21,000 --> 00:03:24,240 Speaker 1: we're at the top of the charts for homeless fires 47 00:03:26,080 --> 00:03:32,320 Speaker 1: in this just in this one district, MacArthur Park. You 48 00:03:32,400 --> 00:03:37,920 Speaker 1: can't stop. That's arson, right, that's like eight thousand cases 49 00:03:37,960 --> 00:03:45,680 Speaker 1: of arson now compared to other stations. Right. They looked 50 00:03:45,720 --> 00:03:49,840 Speaker 1: at Venice fire Station sixty three. They had twenty five 51 00:03:49,920 --> 00:03:53,040 Speaker 1: hundred ambulance calls over the same period, less than a 52 00:03:53,080 --> 00:03:58,480 Speaker 1: third nineteen fires. MacArthur Park they have to put out 53 00:03:58,480 --> 00:04:02,280 Speaker 1: the rubbish fires had a breakneck pace, forcing crews to 54 00:04:02,400 --> 00:04:05,480 Speaker 1: douse one fire and race straight and race straight to 55 00:04:05,520 --> 00:04:08,320 Speaker 1: the next one. And that's what one of the firemen 56 00:04:08,400 --> 00:04:13,640 Speaker 1: told the posts. That's exhausting. That's going to be infuriating 57 00:04:14,440 --> 00:04:22,080 Speaker 1: running around putting homeless garbage, putting out fires set by homeless, 58 00:04:22,240 --> 00:04:27,080 Speaker 1: fires of trash where their stupid encampments or their propane tanks. 59 00:04:29,240 --> 00:04:33,360 Speaker 1: MacArthur Park has established itself as a destination for LA's 60 00:04:33,400 --> 00:04:38,920 Speaker 1: hardest hit hardest drug addicts. A chaos soaked corridor were 61 00:04:39,000 --> 00:04:44,200 Speaker 1: overdoses hit by the hour criminal crews muscle in on 62 00:04:44,240 --> 00:04:51,760 Speaker 1: the trade. This is the largest park in the district. 63 00:04:52,400 --> 00:04:55,839 Speaker 1: It's a sprawling encampment. Hundreds of people in and around 64 00:04:55,880 --> 00:04:58,760 Speaker 1: the park on any given day, many of them young 65 00:04:58,880 --> 00:05:03,000 Speaker 1: drug users in their twenties, shooting up with needles or 66 00:05:03,080 --> 00:05:08,240 Speaker 1: smoking from glass pipes, some pipes for fashioned to look 67 00:05:08,279 --> 00:05:12,160 Speaker 1: like shotguns. Other atticts passed out or waiting on their 68 00:05:12,200 --> 00:05:16,960 Speaker 1: next free meal. The post also saw straight barrel versions 69 00:05:16,960 --> 00:05:21,599 Speaker 1: of crack pipes getting handed out by city and county employees. 70 00:05:22,200 --> 00:05:28,159 Speaker 1: They're called safe smoking kids. You believe this. So you 71 00:05:28,279 --> 00:05:36,799 Speaker 1: got these vagrant drug addicts smoking crack and starting fires, 72 00:05:38,720 --> 00:05:42,400 Speaker 1: and we're paying our taxes for county employees to hand 73 00:05:42,520 --> 00:05:47,160 Speaker 1: out the crack pipes, and then we have to pay 74 00:05:47,320 --> 00:05:51,120 Speaker 1: for the firefighters to put out the fires started by 75 00:05:51,160 --> 00:05:54,920 Speaker 1: the people who are smoking from the taxpayer paid crack pipes. 76 00:05:55,560 --> 00:05:59,240 Speaker 1: I wonder what started the fire yesterday that my sister saw. Yeah, 77 00:05:59,279 --> 00:06:02,279 Speaker 1: I don't know. Sometimes it's propane tanks or grills that 78 00:06:02,320 --> 00:06:06,400 Speaker 1: they have, or sometimes they just start acting crazy and 79 00:06:06,440 --> 00:06:10,640 Speaker 1: they set fires. I mean, when you're talking about when 80 00:06:10,680 --> 00:06:14,240 Speaker 1: you're talking about, you know, eight thousand ambulance calls, it's 81 00:06:14,240 --> 00:06:24,239 Speaker 1: all overdoses and garbage fires. Some people told the posts 82 00:06:24,279 --> 00:06:27,760 Speaker 1: they have rooms or apartments elsewhere, but they come to 83 00:06:27,800 --> 00:06:30,480 Speaker 1: MacArthur Park every day because this is where the handouts 84 00:06:30,480 --> 00:06:38,159 Speaker 1: are that we're paying for. Post visited twice. Lines formed 85 00:06:38,160 --> 00:06:43,880 Speaker 1: for food, medical vans and safe use supplies. Look at 86 00:06:43,920 --> 00:06:49,080 Speaker 1: the terminology, it's always it's always BS terminology safe use. 87 00:06:49,760 --> 00:06:54,680 Speaker 1: It's an assembly line of aid. Twenty seven million dollars 88 00:06:54,760 --> 00:06:58,960 Speaker 1: has been poured into revitalizing MacArthur Park, paying for overdose 89 00:06:59,080 --> 00:07:06,040 Speaker 1: response teams, Peace ambassadors, Peace ambassadors. How do you bring 90 00:07:06,120 --> 00:07:12,880 Speaker 1: peace to crack addicts? USC and LA Care street medicine 91 00:07:12,880 --> 00:07:19,360 Speaker 1: teams and the overdoses keep coming. They called Unicus Hernandez, 92 00:07:20,120 --> 00:07:24,800 Speaker 1: who is just a human vegetable. He's she's a councilwoman. 93 00:07:25,680 --> 00:07:30,520 Speaker 1: Called multiple times, she doesn't call back, she doesn't respond. 94 00:07:33,760 --> 00:07:39,160 Speaker 1: Los Angeles HAS Has saved, HAS says you're a master. 95 00:07:39,320 --> 00:07:43,560 Speaker 1: Twenty two million dollar oid Opioid Settlement Trust Fund. I 96 00:07:43,560 --> 00:07:48,720 Speaker 1: guess This is from lawsuits of the drug companies and 97 00:07:50,440 --> 00:07:53,960 Speaker 1: a big part of that money goes to MacArthur Park 98 00:07:54,520 --> 00:07:58,720 Speaker 1: in the Westlake area. In fact, the city council set 99 00:07:58,760 --> 00:08:01,720 Speaker 1: aside three million dollars to build a Westlake Area harm 100 00:08:01,800 --> 00:08:05,200 Speaker 1: reduction service. Yeah, they call it harm reduction. They're giving 101 00:08:05,240 --> 00:08:08,560 Speaker 1: them crack pipes so they can keep frying their brains 102 00:08:08,800 --> 00:08:13,160 Speaker 1: and they call it harm reduction. So this Westlake Area 103 00:08:13,240 --> 00:08:18,840 Speaker 1: Harm Reduction drop in center is going to offer the 104 00:08:18,880 --> 00:08:23,760 Speaker 1: lockzone distribution wound care. Remember I told you the xylazine 105 00:08:23,760 --> 00:08:27,840 Speaker 1: that's mixed with the fentadel causes your causes open wounds, 106 00:08:27,880 --> 00:08:33,240 Speaker 1: to form test strips for fentyl and xylazine, mental health assessments, 107 00:08:33,240 --> 00:08:38,920 Speaker 1: referrals and treatment. They spend more and more money on 108 00:08:39,040 --> 00:08:43,280 Speaker 1: contracts for syringe exchanges, so the handing out free syringes, 109 00:08:43,800 --> 00:08:48,680 Speaker 1: safe smoking kits, which is they're double talk for crack pipes, 110 00:08:49,800 --> 00:08:56,920 Speaker 1: overdose education. Yeah, that's working wound care kits. This is 111 00:08:56,960 --> 00:09:03,600 Speaker 1: the Department on Disability that spends this money, and this 112 00:09:03,640 --> 00:09:07,800 Speaker 1: is insanity. How could how would you? How could how 113 00:09:07,840 --> 00:09:11,160 Speaker 1: could we pay for a government that hands out the 114 00:09:11,200 --> 00:09:18,640 Speaker 1: crack pipes, hands out the syringes. Then watches. People die 115 00:09:18,760 --> 00:09:25,600 Speaker 1: of fentanyl and xylazine poisoning watches. The wounds start opening 116 00:09:25,679 --> 00:09:29,839 Speaker 1: up on their skin and get infected. And we we've 117 00:09:29,880 --> 00:09:32,840 Speaker 1: got county workers we're paying their paying for standing there. 118 00:09:34,800 --> 00:09:37,920 Speaker 1: This is Karen Bassis, Los Angeles. And all these progressives 119 00:09:38,000 --> 00:09:44,600 Speaker 1: think this is entirely normal and proper. They're really really crazy. 120 00:09:44,800 --> 00:09:49,040 Speaker 1: This is insane and I don't have a word for it. Okay, 121 00:09:49,040 --> 00:09:51,120 Speaker 1: We've got more coming up on The John Cobelt Show. 122 00:09:52,080 --> 00:09:56,440 Speaker 2: You're listening to John Cobelt on demand from KFI AM 123 00:09:56,440 --> 00:09:57,280 Speaker 2: six forty. 124 00:09:58,679 --> 00:10:02,319 Speaker 1: John Cobelt Show, Can't fin six forty eight live everywhere 125 00:10:02,440 --> 00:10:04,959 Speaker 1: on the iHeartRadio app. We're on every day one until 126 00:10:04,960 --> 00:10:08,280 Speaker 1: four after four o'clock. John Cobelt Show on demand on 127 00:10:08,320 --> 00:10:11,240 Speaker 1: the iHeart App. Well, this story has been bubbling for 128 00:10:11,679 --> 00:10:15,720 Speaker 1: some weeks. Now follow the details here because this is 129 00:10:15,720 --> 00:10:19,680 Speaker 1: the epitome of all the corruption and all the theft of 130 00:10:19,720 --> 00:10:23,319 Speaker 1: your attacks money. I mean, this is a fantastic example. 131 00:10:24,480 --> 00:10:28,679 Speaker 1: There is a property in Chevyott Hills and a man 132 00:10:28,760 --> 00:10:38,440 Speaker 1: named Stephen Taylor from Brentwood. He used fraudulent documents to 133 00:10:38,480 --> 00:10:44,600 Speaker 1: get an eleven million dollar loan to buy a housing 134 00:10:44,679 --> 00:10:49,920 Speaker 1: project in Chevyot Hills targeted for homeless housing. That chevy 135 00:10:49,960 --> 00:10:54,720 Speaker 1: At Hills is a very nice, upscale community, and there's 136 00:10:54,840 --> 00:10:59,320 Speaker 1: nobody in that town, in that neighborhood that wants this project. 137 00:11:00,160 --> 00:11:04,000 Speaker 1: Reasons right, nobody wants. I don't know how many homeless 138 00:11:04,040 --> 00:11:09,160 Speaker 1: people suddenly moving into this thing, but Steven, I got 139 00:11:09,160 --> 00:11:13,200 Speaker 1: to stay up front. There are so many people walking 140 00:11:13,240 --> 00:11:19,240 Speaker 1: amongst us, business guys, government people who they get up 141 00:11:19,240 --> 00:11:23,000 Speaker 1: in the morning and their job each day is to 142 00:11:23,040 --> 00:11:28,000 Speaker 1: steal our tax money. And it's not like they're fooling 143 00:11:28,040 --> 00:11:31,280 Speaker 1: anybody in government. The people in government are part of 144 00:11:31,280 --> 00:11:34,679 Speaker 1: the fraud. They're both in on it. And there's all 145 00:11:34,679 --> 00:11:40,480 Speaker 1: these relationships. There's all this this this invisible apparatus where 146 00:11:40,480 --> 00:11:46,960 Speaker 1: people like Steven Taylor and other others access money. And 147 00:11:47,000 --> 00:11:49,480 Speaker 1: you'll see there's some public tax money, a lot of 148 00:11:49,480 --> 00:11:51,920 Speaker 1: public tax money that's going to be involved. So just 149 00:11:52,000 --> 00:11:54,720 Speaker 1: hang on for a minute, all right. So Stephen Taylor 150 00:11:54,760 --> 00:12:00,000 Speaker 1: buys this property in chevy At Hills for eleven million dollars. 151 00:11:59,679 --> 00:12:05,040 Speaker 1: He takes the property, and that eleven million was a 152 00:12:05,080 --> 00:12:10,000 Speaker 1: fraudulent loan that he pulled off. He takes the property 153 00:12:10,040 --> 00:12:15,080 Speaker 1: and flips it to something called the Wineguart Center. It's 154 00:12:15,120 --> 00:12:24,400 Speaker 1: a homeless services nonprofit uh oh, homeless services nonprofit. Wineguard 155 00:12:25,240 --> 00:12:31,280 Speaker 1: paid twenty seven million dollars ten days after Taylor spent 156 00:12:31,360 --> 00:12:35,520 Speaker 1: eleven million to buy it. In ten days, the property 157 00:12:36,160 --> 00:12:41,559 Speaker 1: appreciated from eleven to twenty seven million dollars. Now Taylor's 158 00:12:41,760 --> 00:12:45,559 Speaker 1: eleven million dollars, as I said, was a fraudulent loan. 159 00:12:46,440 --> 00:12:51,680 Speaker 1: The twenty seven million dollars was tax money. Public money 160 00:12:52,840 --> 00:12:59,080 Speaker 1: that wineguardt got to finance the purchase and conversion of 161 00:12:59,080 --> 00:13:03,000 Speaker 1: the building into a home was housing project. Now who 162 00:13:03,240 --> 00:13:08,280 Speaker 1: was the middleman in this or the middle woman? Karen Bass? 163 00:13:09,160 --> 00:13:15,640 Speaker 1: She pushed for this project. Who ran Wineguard Center? A 164 00:13:15,640 --> 00:13:18,680 Speaker 1: guy named Kevin Murray. Kevin Murray used to be a 165 00:13:18,720 --> 00:13:24,080 Speaker 1: state senator, uh oh, a state senator. Now he's running 166 00:13:24,080 --> 00:13:31,320 Speaker 1: the Wineguard Center. He also was appointed by Bass to 167 00:13:31,440 --> 00:13:34,679 Speaker 1: be on the board of the La County Affordable Housing 168 00:13:34,760 --> 00:13:39,800 Speaker 1: Solutions Agency. The La County Affordable Housing Solutions Agency had 169 00:13:39,800 --> 00:13:40,400 Speaker 1: never heard of that? 170 00:13:40,480 --> 00:13:40,960 Speaker 2: What is that? 171 00:13:42,880 --> 00:13:46,880 Speaker 1: Well, Kevin Murray was on the board. Bass appointed him. 172 00:13:47,280 --> 00:13:53,000 Speaker 1: Bass also pushed for Murray's company to buy the Chevy 173 00:13:53,000 --> 00:13:58,760 Speaker 1: and Hills property from Steven Taylor. Now Taylor's been busted 174 00:13:58,800 --> 00:14:02,319 Speaker 1: by the FEDS over the eleven million dollar fraudule loan 175 00:14:02,400 --> 00:14:05,440 Speaker 1: that he got. But now you got the twenty seven 176 00:14:05,480 --> 00:14:08,839 Speaker 1: million dollars in public money. Where'd that go? I mean, 177 00:14:08,880 --> 00:14:14,160 Speaker 1: presumably they paid it to Taylor. An extra sixteen million 178 00:14:14,200 --> 00:14:17,120 Speaker 1: dollars they paid to Taylor. Well, where did that extra 179 00:14:17,160 --> 00:14:22,240 Speaker 1: sixteen million go? Could both sides have split the money? 180 00:14:22,800 --> 00:14:26,640 Speaker 1: Was there a third party involved? Was there somebody in 181 00:14:26,720 --> 00:14:30,280 Speaker 1: Bass's office that got a cut. That's a lot of 182 00:14:30,320 --> 00:14:38,680 Speaker 1: money and they did this in ten days? The uh, 183 00:14:39,640 --> 00:14:46,200 Speaker 1: what's that current? First uncovered this deal and the thing 184 00:14:46,240 --> 00:14:51,440 Speaker 1: gets sold twice in two weeks for one price more 185 00:14:51,520 --> 00:14:57,280 Speaker 1: ridiculous than the last. The Los Angeles County Affordable Housing 186 00:14:57,320 --> 00:15:03,080 Speaker 1: Solutions Agencyvian Murray was on the board. He now resigns. 187 00:15:03,840 --> 00:15:08,760 Speaker 1: What did that agency do? They spent measure A sales 188 00:15:08,800 --> 00:15:16,120 Speaker 1: tax revenue on affordable housing? How about that? So he's 189 00:15:16,200 --> 00:15:19,760 Speaker 1: running He's on the board of an agency that spends 190 00:15:19,920 --> 00:15:23,760 Speaker 1: the tax money meant for homeless housing. You voted for 191 00:15:23,800 --> 00:15:27,720 Speaker 1: an increase in measure A funding just last November, told 192 00:15:27,760 --> 00:15:32,760 Speaker 1: you not to people did, And now we're finding out 193 00:15:32,760 --> 00:15:40,640 Speaker 1: that the guy running the agency paid took twenty seven 194 00:15:40,640 --> 00:15:46,560 Speaker 1: million dollars in tax money and paid the first guy 195 00:15:46,600 --> 00:15:50,920 Speaker 1: who bought it for eleven million ten days earlier. I'm 196 00:15:50,920 --> 00:15:54,080 Speaker 1: sure Steven Taylor wasn't keeping the whole twenty seven million. 197 00:15:55,320 --> 00:15:59,320 Speaker 1: Why would Kevin Murray spend the twenty seven million? Again? 198 00:15:59,600 --> 00:16:04,000 Speaker 1: Where did did that money recirculate to? Last week, a 199 00:16:04,120 --> 00:16:09,360 Speaker 1: Bass representative told the staff at the La County Affordable 200 00:16:09,480 --> 00:16:15,360 Speaker 1: Housing Solutions Agency that Murray resigned November twenty ninth. Of course, 201 00:16:15,520 --> 00:16:20,640 Speaker 1: Murray is not commenting. Karen Bass and her office not commenting. 202 00:16:22,000 --> 00:16:25,360 Speaker 1: Murray has been placed on leave by the Wineguard Center. 203 00:16:26,480 --> 00:16:30,800 Speaker 1: A second executive, Ben Rosen, the director of real estate development. 204 00:16:31,080 --> 00:16:34,960 Speaker 1: He's been placed on leave while the nonprofit conducts an 205 00:16:35,000 --> 00:16:39,040 Speaker 1: internal review into its housing projects. Right because nobody knew 206 00:16:39,080 --> 00:16:43,600 Speaker 1: what was going on. So Rosen and Murray blowed twenty 207 00:16:43,640 --> 00:16:47,000 Speaker 1: seven million dollars on an eleven million dollar property and 208 00:16:47,040 --> 00:16:51,000 Speaker 1: it was fine by everybody at the Lineguard Center. Until 209 00:16:51,040 --> 00:16:52,720 Speaker 1: this story hit the media. It's like, Wow, we're going 210 00:16:52,800 --> 00:16:54,760 Speaker 1: to put them on leave and do an investigation. This 211 00:16:54,800 --> 00:17:00,720 Speaker 1: is just outrageous. This place used to be nursing home. 212 00:17:01,520 --> 00:17:05,240 Speaker 1: Now people in a nursing home are usually very docile. 213 00:17:05,359 --> 00:17:10,640 Speaker 1: They don't really cause problems, but homeless housing. Oh, oh 214 00:17:10,680 --> 00:17:15,000 Speaker 1: my god. Murray is claiming that he has no prior 215 00:17:15,080 --> 00:17:19,800 Speaker 1: relationship with Steven Taylor, no continuing relationship. And get this 216 00:17:19,920 --> 00:17:24,439 Speaker 1: claim from Kevin Murray. Taxpayers paid fair market value for 217 00:17:24,480 --> 00:17:30,280 Speaker 1: the property. The fair market value was eleven million, ten million. 218 00:17:30,800 --> 00:17:33,880 Speaker 1: Ten days later it's twenty seven million. And Kevin Murray says, 219 00:17:33,920 --> 00:17:42,440 Speaker 1: well that's fair. This is what we've got. And Bass 220 00:17:42,560 --> 00:17:43,360 Speaker 1: was the broker. 221 00:17:43,080 --> 00:17:43,520 Speaker 2: On the deal. 222 00:17:47,160 --> 00:17:49,960 Speaker 1: Keep voting the way you're voting. Okay, we've got more 223 00:17:50,000 --> 00:17:51,480 Speaker 1: coming up on the John Cobelt Show. 224 00:17:52,680 --> 00:17:57,000 Speaker 2: You're listening to John Cobel's on demand from KFI AM 225 00:17:57,040 --> 00:17:57,879 Speaker 2: six forty. 226 00:17:58,560 --> 00:18:00,879 Speaker 1: Can if I Am six forty five everywhere on the 227 00:18:00,920 --> 00:18:04,439 Speaker 1: iHeartRadio app. John Cobelt's Show. We're on from one to 228 00:18:04,480 --> 00:18:07,200 Speaker 1: four every day after four o'clock. John Cobelt's Show on 229 00:18:07,280 --> 00:18:10,280 Speaker 1: demand on the iHeart app. Follow us at John Cobelt 230 00:18:10,359 --> 00:18:14,399 Speaker 1: Radio on social media, and we're putting longer segments on 231 00:18:14,440 --> 00:18:18,439 Speaker 1: YouTube these days. To subscribe to get notification, go to 232 00:18:18,520 --> 00:18:21,840 Speaker 1: YouTube dot com slash at John Cobelt Show, YouTube dot 233 00:18:21,880 --> 00:18:26,080 Speaker 1: com slasht at John Cobelt's Show All right, you know 234 00:18:26,119 --> 00:18:27,439 Speaker 1: what to do, Just go do it and then I 235 00:18:27,440 --> 00:18:30,879 Speaker 1: can I'll stop annoying you with all these announcements. Well, 236 00:18:31,640 --> 00:18:35,840 Speaker 1: one of the biggest busts in business history is trying 237 00:18:35,880 --> 00:18:39,200 Speaker 1: to force electric vehicles on the public who didn't want them. 238 00:18:40,000 --> 00:18:42,040 Speaker 1: And obviously there was a lot of pressure from the 239 00:18:42,040 --> 00:18:46,639 Speaker 1: federal government, and Ford stupidly went along. One thing I 240 00:18:46,640 --> 00:18:48,919 Speaker 1: didn't understand is why four GM and the rest of 241 00:18:48,960 --> 00:18:52,920 Speaker 1: them didn't fight back furiously. That's what bribes are for, 242 00:18:53,240 --> 00:18:58,879 Speaker 1: that's what lobbyists are for. But instead all the auto 243 00:18:58,880 --> 00:19:02,000 Speaker 1: companies bent over, and boy, they took it hard. They 244 00:19:02,000 --> 00:19:04,800 Speaker 1: have lost so much money. And this week the Ford 245 00:19:04,840 --> 00:19:09,160 Speaker 1: Motor Company announced their latest write down. They're writing off 246 00:19:09,400 --> 00:19:14,040 Speaker 1: nineteen and a half billion dollars in losses, almost all 247 00:19:14,040 --> 00:19:17,320 Speaker 1: of it is the electrical vehicle business. Nineteen and a 248 00:19:17,359 --> 00:19:21,760 Speaker 1: half billion. You think that's bad. Yeah, how much money 249 00:19:22,440 --> 00:19:28,440 Speaker 1: they've lost since twenty twenty two, thirty five billion dollars? 250 00:19:29,040 --> 00:19:33,359 Speaker 1: Thirty five billion. Do you know how much income Ford 251 00:19:33,400 --> 00:19:38,120 Speaker 1: has had in that time? Eleven billion? They lost three 252 00:19:38,160 --> 00:19:42,080 Speaker 1: times as much money as they made from selling everything 253 00:19:42,080 --> 00:19:47,560 Speaker 1: else that that's just overwhelming. And if you remember Biden 254 00:19:47,640 --> 00:19:53,760 Speaker 1: pushed this hard. Newsom pushed this hard. Congress issued a 255 00:19:53,840 --> 00:19:59,320 Speaker 1: seventy five hundred dollars tax credit per vehicle, and that 256 00:19:59,359 --> 00:20:03,280 Speaker 1: would phase out after a manufacturer sold two hundred thousand 257 00:20:03,280 --> 00:20:09,680 Speaker 1: electric cars. Obama what had this goal a million evs 258 00:20:09,720 --> 00:20:13,840 Speaker 1: on US roads by twenty fifteen. The actual number is 259 00:20:13,960 --> 00:20:17,119 Speaker 1: under four hundred thousand. The public didn't like them, and 260 00:20:17,160 --> 00:20:20,840 Speaker 1: we know why. You don't get much range. It takes 261 00:20:20,880 --> 00:20:26,400 Speaker 1: too long to charge, and they're very expensive. The whole 262 00:20:26,480 --> 00:20:28,720 Speaker 1: thing was just too much of a hassle unless you 263 00:20:28,760 --> 00:20:32,359 Speaker 1: were really wealthy and you bought a Tesla. Tesla owners 264 00:20:32,480 --> 00:20:37,840 Speaker 1: seemed to be happy until Musk got aligned with Donald Trump. 265 00:20:38,280 --> 00:20:42,200 Speaker 1: Then suddenly Tesla owners decided the car didn't run all 266 00:20:42,240 --> 00:20:45,760 Speaker 1: that well. But there isn't a replacement for Tesla. None 267 00:20:45,800 --> 00:20:49,479 Speaker 1: of the other car companies came up with anything close, 268 00:20:50,000 --> 00:20:54,879 Speaker 1: certainly not in an affordable range. And so Ford announced 269 00:20:55,320 --> 00:20:58,240 Speaker 1: that they're getting rid of the F one P fifty 270 00:20:58,400 --> 00:21:02,920 Speaker 1: Lightning that was their electric pickup truck, and they introduced 271 00:21:02,920 --> 00:21:05,880 Speaker 1: that on the market and with a lot of fanfare. 272 00:21:05,920 --> 00:21:09,040 Speaker 1: It got a lot of publicity and excitement, and it 273 00:21:09,160 --> 00:21:13,399 Speaker 1: turned out that it was a bust because if you 274 00:21:13,640 --> 00:21:16,960 Speaker 1: have a pickup truck. You like to carry a lot 275 00:21:16,960 --> 00:21:19,720 Speaker 1: of things. You like to pull stuff, right, maybe you 276 00:21:19,760 --> 00:21:22,120 Speaker 1: want to pull a boat, Maybe you want to fill 277 00:21:22,200 --> 00:21:26,879 Speaker 1: the truck bed with all kinds of equipment. It turned 278 00:21:26,880 --> 00:21:32,080 Speaker 1: out that if you have a lot of stuff in 279 00:21:32,200 --> 00:21:37,320 Speaker 1: the truck bed, or if you're pulling something heavy, your 280 00:21:37,359 --> 00:21:43,600 Speaker 1: electricity falls dramatically. You lose juice rapidly, so you can't 281 00:21:43,600 --> 00:21:47,040 Speaker 1: go very far. I guess nobody thought of this when 282 00:21:47,040 --> 00:21:48,439 Speaker 1: they put them out on the market because they were 283 00:21:48,440 --> 00:21:53,600 Speaker 1: really expensive. So it didn't take long. And you know, 284 00:21:53,640 --> 00:21:57,879 Speaker 1: everybody communicates now. Immediately they start posting things on various 285 00:21:57,880 --> 00:22:01,640 Speaker 1: websites and bulletin boards, and quickly the whole world realized 286 00:22:01,680 --> 00:22:06,080 Speaker 1: that getting an ev An EV pickup truck was going 287 00:22:06,160 --> 00:22:08,600 Speaker 1: to be a huge hassle and a half and the 288 00:22:08,640 --> 00:22:12,359 Speaker 1: car wouldn't go very far. So now what they're going 289 00:22:12,400 --> 00:22:14,760 Speaker 1: to do is, well, let me tell you what the damage, right, 290 00:22:14,880 --> 00:22:19,960 Speaker 1: thirty five billion dollars. They lost thirteen billion dollars on 291 00:22:20,080 --> 00:22:23,880 Speaker 1: its business just since twenty twenty three. Add that another 292 00:22:24,040 --> 00:22:30,119 Speaker 1: nineteen billion dollars with this write off. They also they 293 00:22:30,240 --> 00:22:33,280 Speaker 1: also now are getting rid of They're closing their Kentucky 294 00:22:33,480 --> 00:22:37,480 Speaker 1: EV battery factory. They're going to lay off thousands of people. 295 00:22:38,040 --> 00:22:40,360 Speaker 1: They're going to turn it eventually into a battery storage 296 00:22:40,400 --> 00:22:45,919 Speaker 1: business for customers' utilities and wind and solar power developers 297 00:22:48,119 --> 00:22:52,480 Speaker 1: who take those energy sources convert it into battery, and 298 00:22:52,520 --> 00:22:55,800 Speaker 1: then there's this storage area that Ford is going to run. 299 00:22:58,040 --> 00:23:02,800 Speaker 1: They're also massive data centers train artificial intelligence that is 300 00:23:02,880 --> 00:23:05,000 Speaker 1: also going to require a lot of batteries. So they're 301 00:23:05,040 --> 00:23:10,520 Speaker 1: going to repurpose the battery factory. But the idea of 302 00:23:11,640 --> 00:23:16,440 Speaker 1: electric vehicles, Oh, here's another reason didn't happen. We didn't 303 00:23:16,480 --> 00:23:19,720 Speaker 1: have an electrical grid, especially in California. And this is 304 00:23:19,760 --> 00:23:22,800 Speaker 1: what really flummocks me. This was one of these subjects 305 00:23:22,800 --> 00:23:25,080 Speaker 1: the last few years. I thought I was insane. I 306 00:23:25,080 --> 00:23:27,560 Speaker 1: thought there was something wrong with me. How can you 307 00:23:27,720 --> 00:23:31,199 Speaker 1: force tens of millions of people to plug in an 308 00:23:31,240 --> 00:23:34,960 Speaker 1: electric vehicle every day when we're always running on the 309 00:23:35,080 --> 00:23:37,720 Speaker 1: edge of running out of power, especially in the summertime, 310 00:23:37,760 --> 00:23:40,280 Speaker 1: and remember we did a few years ago, had a 311 00:23:40,320 --> 00:23:45,360 Speaker 1: really hot summer and because stupid Newsome closed all these 312 00:23:45,440 --> 00:23:48,080 Speaker 1: gas plants and he was going to close a nuclear plant, 313 00:23:48,960 --> 00:23:52,800 Speaker 1: we almost had blackouts. Well, if you add millions and 314 00:23:52,840 --> 00:23:55,840 Speaker 1: millions of electrical cars. Well, then what's going to happen. 315 00:23:55,880 --> 00:23:57,679 Speaker 1: Oh that's when they said, wow, you only got you 316 00:23:57,720 --> 00:24:00,119 Speaker 1: only can plug them in between ten at night and 317 00:24:00,240 --> 00:24:01,919 Speaker 1: four in the morning. It's like, all right, okay, I 318 00:24:01,920 --> 00:24:04,240 Speaker 1: can see where this is going. We're going to have 319 00:24:04,359 --> 00:24:08,840 Speaker 1: our lives now twenty four hour controlled. We can't charge 320 00:24:08,880 --> 00:24:11,600 Speaker 1: the car when we want. It means we can't drive 321 00:24:11,680 --> 00:24:15,320 Speaker 1: when we want. It means our freedoms are constricted. We 322 00:24:15,359 --> 00:24:19,359 Speaker 1: can't go as far as we want. You know, you 323 00:24:19,440 --> 00:24:24,280 Speaker 1: can't buy a four f one fifty lightning and want 324 00:24:24,280 --> 00:24:26,920 Speaker 1: to load it up with stuff and pull a boat 325 00:24:26,960 --> 00:24:29,480 Speaker 1: behind you if the thing's going to peter out after 326 00:24:29,520 --> 00:24:36,719 Speaker 1: fifty miles. And this always was about control, and the 327 00:24:36,760 --> 00:24:39,800 Speaker 1: public looked at it. I mean a lot of people 328 00:24:40,080 --> 00:24:44,760 Speaker 1: considered an EV, but at those prices, with that range, 329 00:24:45,280 --> 00:24:48,560 Speaker 1: with the charging stations, there were no charging stations. Not 330 00:24:48,600 --> 00:24:50,520 Speaker 1: only you didn't have an electric grid, you did, you 331 00:24:50,560 --> 00:24:54,280 Speaker 1: had very few charging stations. But it was like a 332 00:24:54,320 --> 00:24:57,600 Speaker 1: weird religion that they were forcing you to join, like 333 00:24:57,680 --> 00:25:00,480 Speaker 1: you had to join or we're going to destroy you life. 334 00:25:01,720 --> 00:25:04,960 Speaker 1: I mean, I think this year coming year twenty twenty six, 335 00:25:05,560 --> 00:25:07,760 Speaker 1: thirty five percent of the cars were supposed to be 336 00:25:07,880 --> 00:25:11,240 Speaker 1: electric vehicle sales here in California. Well, they weren't going 337 00:25:11,280 --> 00:25:13,199 Speaker 1: to come anywhere near that. I never really understood if 338 00:25:13,240 --> 00:25:16,479 Speaker 1: there's a penalty for that, and then what they were 339 00:25:16,520 --> 00:25:19,000 Speaker 1: going to do is drive up the That's why the 340 00:25:19,040 --> 00:25:22,320 Speaker 1: gasoline is is four to fifty a gallon, and that's 341 00:25:22,320 --> 00:25:25,119 Speaker 1: why it may be headed to six eight ten dollars 342 00:25:25,160 --> 00:25:27,520 Speaker 1: a gallon with all the oil production problems we have 343 00:25:27,600 --> 00:25:30,080 Speaker 1: in the state. They were going to force everybody into 344 00:25:30,160 --> 00:25:33,720 Speaker 1: electric vehicles. That was going to be their backdoor mandate 345 00:25:34,600 --> 00:25:38,160 Speaker 1: in case we weren't buying thirty five percent evs, we 346 00:25:38,160 --> 00:25:40,520 Speaker 1: weren't meeting the goals. They were going to force us 347 00:25:40,560 --> 00:25:46,520 Speaker 1: all because we'd end up with ten dollars gas. So 348 00:25:46,640 --> 00:25:50,520 Speaker 1: now now now Ford is backing way off. They think 349 00:25:50,600 --> 00:25:54,000 Speaker 1: hybrids eventually are going to sell very well, they already are, 350 00:25:54,240 --> 00:25:56,000 Speaker 1: and that would have been the logical way to go. 351 00:25:56,520 --> 00:25:59,199 Speaker 1: People seem to like hybrids, it makes more sense. But 352 00:25:59,280 --> 00:26:03,240 Speaker 1: the fanatic, the environmental fanatics and Newsom were demanding all 353 00:26:03,320 --> 00:26:06,560 Speaker 1: or nothing. There was no mid range compromise like evs. 354 00:26:07,640 --> 00:26:11,280 Speaker 1: So this this came from the Obama administration, the Biden administration, 355 00:26:11,359 --> 00:26:17,439 Speaker 1: the Newsomme administration. By by twenty thirty two, around the 356 00:26:17,440 --> 00:26:20,600 Speaker 1: whole nation, two thirds of new cars across the country 357 00:26:20,840 --> 00:26:26,040 Speaker 1: would have to be electric, even though nobody wanted them. 358 00:26:26,359 --> 00:26:30,080 Speaker 1: But we dodged that. Dodged it, not with any protests, 359 00:26:31,480 --> 00:26:34,159 Speaker 1: We dodged it simply. But not buying them. I always 360 00:26:34,160 --> 00:26:35,520 Speaker 1: wandered in the back of my mind, It's like, well, 361 00:26:35,520 --> 00:26:37,560 Speaker 1: what if people don't buy? What kind of a standoff 362 00:26:37,600 --> 00:26:39,919 Speaker 1: is going to occur if people refuse to show up 363 00:26:39,960 --> 00:26:43,199 Speaker 1: to the dealership and purchase one of these one of 364 00:26:43,200 --> 00:26:46,200 Speaker 1: these losers. Okay, we've got more coming up on the 365 00:26:46,240 --> 00:26:47,160 Speaker 1: John Cobelt Show. 366 00:26:48,320 --> 00:26:52,639 Speaker 2: You're listening to John cobelts on demand from KFI AM 367 00:26:52,680 --> 00:26:53,480 Speaker 2: six forty. 368 00:26:54,240 --> 00:26:57,480 Speaker 1: John Cobelt Show CATFI AM six forty live everywhere on 369 00:26:57,520 --> 00:27:02,080 Speaker 1: the iHeartRadio app in sacer Meadow. Despite an army of 370 00:27:02,119 --> 00:27:08,119 Speaker 1: investigators looking into the wrongdoing of so many people in 371 00:27:08,520 --> 00:27:12,200 Speaker 1: Newsom's orbit A, Newsom is continuing to blow so much 372 00:27:12,280 --> 00:27:18,440 Speaker 1: money that we're looking at an eighteen billion dollar deficit 373 00:27:18,680 --> 00:27:22,880 Speaker 1: for the next fiscal year, and that's up five billion 374 00:27:22,960 --> 00:27:29,359 Speaker 1: dollars from earlier in the summer. We are getting more 375 00:27:29,400 --> 00:27:33,959 Speaker 1: revenue than Sacramento has ever seen by far. Because Sacramento 376 00:27:34,080 --> 00:27:37,439 Speaker 1: relies a lot on wealthy people, wealthy people cashing in 377 00:27:37,480 --> 00:27:42,240 Speaker 1: their stock. We have an abundance of people who work 378 00:27:42,280 --> 00:27:45,680 Speaker 1: for tech companies and people who've invested in tech companies. 379 00:27:46,200 --> 00:27:49,800 Speaker 1: And because the stock of these companies, and there's about 380 00:27:49,920 --> 00:27:52,520 Speaker 1: seven of them that do extraordinarily well, they're called the 381 00:27:52,560 --> 00:27:54,920 Speaker 1: Magnificent Seven. And I don't know if I can remember 382 00:27:54,960 --> 00:27:57,720 Speaker 1: all seven off the top of my head. But it's Tesla, 383 00:27:57,840 --> 00:28:02,800 Speaker 1: it's Meta, it's in Vidio, it's Google parent company. There 384 00:28:03,119 --> 00:28:08,880 Speaker 1: is Alphabet, it's Apple. Those companies. Their stock has gone 385 00:28:08,960 --> 00:28:13,760 Speaker 1: up by so many multiples. People have more money than 386 00:28:13,760 --> 00:28:16,920 Speaker 1: they know what to do with. In certain communities, they 387 00:28:16,960 --> 00:28:19,440 Speaker 1: pay a lot in taxes. In fact, the top one 388 00:28:19,520 --> 00:28:23,160 Speaker 1: percent pays almost half the income tax in this state. 389 00:28:23,640 --> 00:28:26,320 Speaker 1: So when you hear about this nonsense about the rich 390 00:28:26,400 --> 00:28:28,760 Speaker 1: have to pay their fair share, believe me, they're paying 391 00:28:28,800 --> 00:28:32,199 Speaker 1: the fair share. Not only that the middle class is 392 00:28:32,400 --> 00:28:36,439 Speaker 1: this is rarely talked about. The middle class is taxed 393 00:28:36,480 --> 00:28:39,920 Speaker 1: at a higher rate than most other states in the country. 394 00:28:40,480 --> 00:28:43,200 Speaker 1: So not only the wealthy getting bent over, but the 395 00:28:43,240 --> 00:28:46,760 Speaker 1: middle class in California gets bent over. And we have 396 00:28:46,800 --> 00:28:49,640 Speaker 1: the highest sales tax and we have the highest gas tax. 397 00:28:50,080 --> 00:28:54,760 Speaker 1: It all adds up to the most money ever. And 398 00:28:54,880 --> 00:29:00,680 Speaker 1: still California government is in a deficit. And this is 399 00:29:00,720 --> 00:29:03,800 Speaker 1: the game they play. They gave away. They give away 400 00:29:03,840 --> 00:29:08,040 Speaker 1: thirty five billion dollars a year to illegal illegal aliens. 401 00:29:08,760 --> 00:29:12,280 Speaker 1: About twelve billion dollars a year go to illegal alien 402 00:29:12,360 --> 00:29:18,960 Speaker 1: healthcare everybody. It started off with little kids, the elderly. 403 00:29:19,680 --> 00:29:24,959 Speaker 1: Now it's everyone, lifetime illegal alien healthcare free from the 404 00:29:25,000 --> 00:29:30,120 Speaker 1: state of California's taxpayers. And I have to emphasize that 405 00:29:30,240 --> 00:29:34,200 Speaker 1: because I often hear in the news California pays healthcare 406 00:29:34,280 --> 00:29:38,600 Speaker 1: benefits to illegal alien No. California taxpayers, including many who 407 00:29:38,640 --> 00:29:43,040 Speaker 1: can't afford their own healthcare, are forced to finance the 408 00:29:43,120 --> 00:29:49,040 Speaker 1: healthcare of millions of illegal aliens. We've got three four 409 00:29:49,240 --> 00:29:54,640 Speaker 1: five million illegal aliens. Nobody knows the exact number. Had 410 00:29:54,680 --> 00:29:59,040 Speaker 1: a million in La County. Fortunately, some have been caught, 411 00:29:59,640 --> 00:30:04,680 Speaker 1: others have been deported. And whenever anybody says, oh, you know, 412 00:30:04,720 --> 00:30:09,440 Speaker 1: we really should only be deporting the credinal, No, people 413 00:30:09,520 --> 00:30:13,040 Speaker 1: came here to live off me and you. They're getting 414 00:30:13,040 --> 00:30:15,600 Speaker 1: free healthcare. They're not entitled to it. Their children are 415 00:30:15,600 --> 00:30:19,760 Speaker 1: getting free education. They're not entitled to it. They can 416 00:30:19,760 --> 00:30:21,520 Speaker 1: go to their home country and they can get the 417 00:30:21,560 --> 00:30:24,400 Speaker 1: health care and the education. I don't want to provide it. 418 00:30:25,320 --> 00:30:27,120 Speaker 1: I don't want to be forced to provide it. You 419 00:30:27,160 --> 00:30:29,880 Speaker 1: shouldn't be forced to provide it. We all have our 420 00:30:29,920 --> 00:30:33,480 Speaker 1: own obligations we need to take care of. And I 421 00:30:33,720 --> 00:30:38,600 Speaker 1: really resent Newsom given away thirty five billion dollars every 422 00:30:38,640 --> 00:30:43,920 Speaker 1: year and then complaining that we've got a big deficit here. Yeah, 423 00:30:43,960 --> 00:30:47,920 Speaker 1: well stop, just give the money to Americans. Let's start 424 00:30:47,960 --> 00:30:55,680 Speaker 1: with that notion. The AI boom has created a lot 425 00:30:55,680 --> 00:31:01,959 Speaker 1: of multimillionaires and billionaires, but the stock market is at 426 00:31:01,960 --> 00:31:06,840 Speaker 1: a record high. A lot of the stock price depends 427 00:31:06,920 --> 00:31:10,680 Speaker 1: on people believing that this AI boom is really going 428 00:31:10,720 --> 00:31:18,440 Speaker 1: to transform society and it's going to last forever, and 429 00:31:18,840 --> 00:31:21,000 Speaker 1: that these companies are going to be able to pull 430 00:31:21,040 --> 00:31:25,440 Speaker 1: off the potential and make money at it. There's obviously 431 00:31:25,480 --> 00:31:28,680 Speaker 1: a lot of uncertainty. While it is a tremendous innovation 432 00:31:28,800 --> 00:31:30,680 Speaker 1: that will change a lot of things in our lives, 433 00:31:31,200 --> 00:31:34,360 Speaker 1: nobody knows whether these companies will actually make the profits 434 00:31:35,000 --> 00:31:38,760 Speaker 1: that their stock prices seem to promise. You could have 435 00:31:39,800 --> 00:31:45,280 Speaker 1: a massive downtour or a crash in AI stocks any day, 436 00:31:45,360 --> 00:31:47,320 Speaker 1: any minute. You don't know what's going to set it off, 437 00:31:51,040 --> 00:31:55,920 Speaker 1: which means the budget for California could end up with 438 00:31:56,040 --> 00:31:58,320 Speaker 1: a huge hole blown right through the middle of it. 439 00:32:00,840 --> 00:32:04,840 Speaker 1: And it's already bad. They're already bleeding money because of 440 00:32:04,920 --> 00:32:09,000 Speaker 1: massive overspending on nonsense, stupid stuff such as the billion 441 00:32:09,040 --> 00:32:13,800 Speaker 1: and a half dollars for that Capitol building annex, which 442 00:32:13,840 --> 00:32:15,800 Speaker 1: is a monument to the egos of those in the 443 00:32:15,840 --> 00:32:20,080 Speaker 1: legislature and the governor. They don't have many tricks left. 444 00:32:20,520 --> 00:32:23,600 Speaker 1: They were massively in debt this past year, and they 445 00:32:23,640 --> 00:32:28,040 Speaker 1: came up with all kinds of one time solutions, money 446 00:32:28,080 --> 00:32:32,640 Speaker 1: moving around, delaying payments, borrowing money from the future. They 447 00:32:32,640 --> 00:32:35,400 Speaker 1: can't do that that much this year. And of course, 448 00:32:36,000 --> 00:32:40,000 Speaker 1: what do you think we have a moron? The Speaker 449 00:32:40,040 --> 00:32:44,320 Speaker 1: of the Assembly, Robert Reeves. You know what his analysis is. 450 00:32:44,840 --> 00:32:50,880 Speaker 1: It's Trump's fault. Honest to god, It's Trump's fault. Trump's 451 00:32:50,920 --> 00:32:55,000 Speaker 1: got nothing to do with California state spending. What he 452 00:32:55,200 --> 00:33:03,840 Speaker 1: is cutting, though, is some of the medicaid spending, which 453 00:33:04,040 --> 00:33:06,600 Speaker 1: has to be cut because Newsom gives it away to 454 00:33:06,600 --> 00:33:12,080 Speaker 1: illegal aliens and there's no reason that taxpayers around the 455 00:33:12,120 --> 00:33:15,840 Speaker 1: country should have to pay for the healthcare of illegal 456 00:33:15,840 --> 00:33:23,360 Speaker 1: aliens in California. Nobody else does that, and so Newsom 457 00:33:23,400 --> 00:33:27,520 Speaker 1: deserves a huge budget hole because he's doing stupid, irresponsible things. 458 00:33:29,080 --> 00:33:33,080 Speaker 1: But Newsom is responsible for this massive budget deficit, and 459 00:33:33,120 --> 00:33:36,600 Speaker 1: it's going to get worse and worse and worse. And 460 00:33:36,680 --> 00:33:39,360 Speaker 1: they're looking at it running through, you know, as far 461 00:33:39,360 --> 00:33:41,000 Speaker 1: as they can see. You know, they've got it laid 462 00:33:41,000 --> 00:33:43,400 Speaker 1: out through twenty the rest of twenty twenty six into 463 00:33:43,400 --> 00:33:55,520 Speaker 1: twenty twenty seven, because because what because progressive politicians spend 464 00:33:55,680 --> 00:34:00,240 Speaker 1: enormous amounts of money, tax people to death, and you 465 00:34:00,280 --> 00:34:04,600 Speaker 1: wonder why the economy sucks in California. Highest unemployment rate, 466 00:34:04,840 --> 00:34:09,600 Speaker 1: highest inflation rate, highest taxes, worst business climate out of 467 00:34:09,600 --> 00:34:13,919 Speaker 1: fifty states, and it's starting to catch up. Okay, we've 468 00:34:13,960 --> 00:34:16,120 Speaker 1: got more coming up on The John Cobelt Show. Hey, 469 00:34:16,480 --> 00:34:19,000 Speaker 1: you've been listening to The John Cobalt Show podcast. You 470 00:34:19,000 --> 00:34:21,600 Speaker 1: can always hear the show live on KFI Am six 471 00:34:21,680 --> 00:34:24,400 Speaker 1: forty from one to four pm every Monday through Friday, 472 00:34:24,440 --> 00:34:27,720 Speaker 1: and of course anytime on demand on the iHeartRadio app.