1 00:00:00,680 --> 00:00:02,880 Speaker 1: Can if I am six forty you're listening to the 2 00:00:02,960 --> 00:00:07,280 Speaker 1: John Cobelt podcast on the iHeartRadio app Welcome. We're on 3 00:00:07,360 --> 00:00:10,440 Speaker 1: every day from one until four o'clock. After four o'class 4 00:00:10,720 --> 00:00:14,160 Speaker 1: after four o'clock John Cobelt Show on demand. The podcast 5 00:00:14,800 --> 00:00:18,360 Speaker 1: on the iHeart app Our number one a lot about 6 00:00:18,440 --> 00:00:23,239 Speaker 1: Nick Reiner not being indicted yet, and Royal Oaks came 7 00:00:23,280 --> 00:00:26,200 Speaker 1: on the Legal Analyst to talk about why that is 8 00:00:26,840 --> 00:00:30,840 Speaker 1: and what the what the various defenses might be. And 9 00:00:30,880 --> 00:00:34,320 Speaker 1: then the last hour we extensively went through a couple 10 00:00:34,400 --> 00:00:38,440 Speaker 1: of Valet time stories, Karen Bass going on podcasts and 11 00:00:39,400 --> 00:00:44,440 Speaker 1: accidentally telling some truth because she didn't realize the podcast 12 00:00:44,560 --> 00:00:49,640 Speaker 1: cameras were still on and lobbied to get that extra 13 00:00:49,720 --> 00:00:54,680 Speaker 1: footage taken down off of YouTube because she was actually 14 00:00:54,720 --> 00:00:58,520 Speaker 1: speaking candidly and telling the truth, and she doesn't do 15 00:00:58,680 --> 00:01:05,000 Speaker 1: that in public. She only lies and pitches propaganda. So 16 00:01:05,040 --> 00:01:07,120 Speaker 1: anyway you can hear all that in the two o'clock hour. Now, 17 00:01:07,120 --> 00:01:10,920 Speaker 1: we got Katie Grimes on Katie californiaglobe dot com, and 18 00:01:11,240 --> 00:01:16,000 Speaker 1: she writes so much about all the dysfunction and just 19 00:01:16,080 --> 00:01:19,160 Speaker 1: all the criminality and theft going on in Sacramento government. 20 00:01:19,600 --> 00:01:22,320 Speaker 1: And she's got a new piece out a couple of 21 00:01:22,319 --> 00:01:26,880 Speaker 1: things this week on the eighteen billion dollar deficit and 22 00:01:27,000 --> 00:01:33,840 Speaker 1: how California has a number of financially high risk state 23 00:01:34,000 --> 00:01:39,360 Speaker 1: agencies according to the Legislative State Auditor. Let's get to 24 00:01:39,840 --> 00:01:42,400 Speaker 1: let's get to Katie. How are you, Katie? 25 00:01:42,560 --> 00:01:45,800 Speaker 2: Hi? John doing well? I'm doing better than our state is. 26 00:01:45,840 --> 00:01:46,240 Speaker 2: How's that? 27 00:01:46,520 --> 00:01:48,360 Speaker 3: Yeah, it's really a mess. 28 00:01:48,520 --> 00:01:51,480 Speaker 1: And if you go to californiaglobe dot com and read 29 00:01:51,640 --> 00:01:56,200 Speaker 1: some of these articles, and we are we got a 30 00:01:56,440 --> 00:02:00,520 Speaker 1: tide of red ink coming to sweep us away. An 31 00:02:00,520 --> 00:02:04,880 Speaker 1: eighteen billion dollar budget deficit that's up five billion dollars. 32 00:02:05,720 --> 00:02:09,200 Speaker 1: And this is from the Legislative Analyst Office, which is nonpartisan. 33 00:02:10,800 --> 00:02:13,240 Speaker 1: And a lot of this has to do with illegal 34 00:02:13,280 --> 00:02:14,560 Speaker 1: alien healthcare, doesn't it. 35 00:02:15,639 --> 00:02:19,880 Speaker 2: Yeah, jes Gavin Newsom even had to finally admit that 36 00:02:20,080 --> 00:02:24,280 Speaker 2: the medical system which he opened up to every illegal 37 00:02:24,320 --> 00:02:28,640 Speaker 2: alien in the state is insolvent and had to go 38 00:02:28,760 --> 00:02:32,440 Speaker 2: back to the legislature to do something about it. As 39 00:02:32,440 --> 00:02:35,840 Speaker 2: for the eighteen billion dollar budget deficit, I would venture 40 00:02:35,880 --> 00:02:39,400 Speaker 2: to say that's going to be adjusted up. Also, there's 41 00:02:39,400 --> 00:02:42,280 Speaker 2: no way it's only eighteen billions, but it's still eighteen 42 00:02:42,320 --> 00:02:45,240 Speaker 2: billion and it sounds horrible. I think the thing though 43 00:02:45,440 --> 00:02:49,720 Speaker 2: this week, or it was actually released on Friday, the 44 00:02:50,240 --> 00:02:53,639 Speaker 2: California State Auditor issue to report, and in it they 45 00:02:53,760 --> 00:02:59,080 Speaker 2: named eight California state agencies as high risk and that 46 00:03:00,480 --> 00:03:05,840 Speaker 2: within those agencies, in order to be designated, such waste, fraud, abuse, 47 00:03:06,200 --> 00:03:10,720 Speaker 2: and mismanagement must be present. So this is how our 48 00:03:10,880 --> 00:03:13,160 Speaker 2: state agencies are being run. And we're not just talking 49 00:03:13,240 --> 00:03:17,160 Speaker 2: some obscure, little funny agency in the corner somewhere. This 50 00:03:17,320 --> 00:03:22,000 Speaker 2: is the California Department of Social Services, which is stunning 51 00:03:22,240 --> 00:03:26,239 Speaker 2: because that's where all of the overpayment fraud takes place 52 00:03:26,360 --> 00:03:29,720 Speaker 2: on the Snap Benefits what we used to call food stamps, 53 00:03:30,600 --> 00:03:35,600 Speaker 2: and that's just one gross nightmare of a program to 54 00:03:35,640 --> 00:03:38,400 Speaker 2: begin with. It's going to get worse because the federal 55 00:03:38,440 --> 00:03:41,840 Speaker 2: government is cutting off a lot of our Snap benefits. 56 00:03:41,960 --> 00:03:43,800 Speaker 2: So either the state's going to have to make it up, 57 00:03:44,240 --> 00:03:47,480 Speaker 2: which means higher taxes for us, or they're going to 58 00:03:47,520 --> 00:03:49,880 Speaker 2: have to finally address the fraud in the program and 59 00:03:50,360 --> 00:03:51,160 Speaker 2: cut people off. 60 00:03:51,240 --> 00:03:53,600 Speaker 1: Is that why the federal government is cutting off some 61 00:03:53,720 --> 00:03:56,400 Speaker 1: of the money is because of suspected fraud. 62 00:03:57,280 --> 00:04:00,480 Speaker 2: Yes, it is exactly why. And I warned State about this. 63 00:04:00,560 --> 00:04:03,920 Speaker 2: They've warned them about cleaning up this mess, you know. 64 00:04:04,000 --> 00:04:06,240 Speaker 2: I mean, like just like our voter rolls, there's dead 65 00:04:06,240 --> 00:04:07,840 Speaker 2: people on Snap benefits. 66 00:04:08,440 --> 00:04:13,559 Speaker 1: So yeah, well people, I guess, huh yeah. 67 00:04:13,400 --> 00:04:15,440 Speaker 2: No kidding. Yeah, they're eating a lot of Freeto's and 68 00:04:15,520 --> 00:04:16,479 Speaker 2: drinking a lot of cokes. 69 00:04:16,960 --> 00:04:21,160 Speaker 3: So are these people who are not qualified? Who are are? 70 00:04:21,279 --> 00:04:23,120 Speaker 1: Well? I guess you just fill out the forums and 71 00:04:23,160 --> 00:04:24,960 Speaker 1: you get you get the free money or you get 72 00:04:24,960 --> 00:04:27,360 Speaker 1: the free EBT cards. 73 00:04:27,760 --> 00:04:31,039 Speaker 2: That's pretty much how it works anecdotally. But I have 74 00:04:31,120 --> 00:04:32,880 Speaker 2: had this story told to me so many times I 75 00:04:32,880 --> 00:04:36,960 Speaker 2: can't tell you. At grocery stores, employees there will tell 76 00:04:37,000 --> 00:04:40,360 Speaker 2: you exactly who shows up in a tesla and hands 77 00:04:40,360 --> 00:04:44,240 Speaker 2: over their EBT card to pay for the groceries. That 78 00:04:44,320 --> 00:04:47,240 Speaker 2: happens all the time. People show up in porschas and yeah, 79 00:04:47,480 --> 00:04:50,159 Speaker 2: you name it, and they laugh at the rest of 80 00:04:50,240 --> 00:04:51,520 Speaker 2: us because we're paying for it. 81 00:04:51,560 --> 00:04:55,880 Speaker 1: Do you know if these people are wealthy people or 82 00:04:56,000 --> 00:04:57,120 Speaker 1: are they poor people? 83 00:04:57,880 --> 00:05:03,159 Speaker 2: Comar Yeah, And I've been told some are quite wealthy 84 00:05:03,680 --> 00:05:07,080 Speaker 2: and this is just their few to everybody. 85 00:05:07,200 --> 00:05:10,120 Speaker 1: They're wealthy and they're scamming the food stamp system. 86 00:05:10,440 --> 00:05:12,840 Speaker 2: Yeah, I know, you've got to be a real special 87 00:05:12,880 --> 00:05:16,120 Speaker 2: piece of work to do that. Huh. I think the 88 00:05:16,760 --> 00:05:19,440 Speaker 2: other agency that just kind of stunned me that was 89 00:05:19,520 --> 00:05:22,600 Speaker 2: named as high risk is the California Department of Finance. 90 00:05:23,200 --> 00:05:25,640 Speaker 2: And this might make people's eyes glaze over, Oh wow, 91 00:05:25,720 --> 00:05:31,599 Speaker 2: the Department of Finance, except that this department solely serves 92 00:05:31,640 --> 00:05:35,320 Speaker 2: the governor. They only answer to him, and they are 93 00:05:35,480 --> 00:05:36,000 Speaker 2: high risk. 94 00:05:37,680 --> 00:05:41,039 Speaker 1: And what's the Finance Department do all day? Like, what's 95 00:05:41,080 --> 00:05:41,560 Speaker 1: their role? 96 00:05:42,480 --> 00:05:44,560 Speaker 2: This is what makes it so delicious. They are the 97 00:05:44,560 --> 00:05:47,120 Speaker 2: governor's chief fiscal policy advisor. 98 00:05:47,560 --> 00:05:52,440 Speaker 1: They only work for him, and they're out of money too. 99 00:05:53,400 --> 00:05:55,680 Speaker 2: Well, they're just high risk. There's waste, fraud, abuse, and 100 00:05:55,839 --> 00:05:59,000 Speaker 2: or mismanagement going on in the California Department of Finance, 101 00:06:01,600 --> 00:06:05,800 Speaker 2: the State Controller's Office. This thought it make you feel safe. 102 00:06:06,480 --> 00:06:10,080 Speaker 2: The State Controller's Office is listed as a high risk agency. 103 00:06:12,360 --> 00:06:14,960 Speaker 1: This is like a casino with no management and no 104 00:06:15,120 --> 00:06:16,360 Speaker 1: guards and no police. 105 00:06:16,400 --> 00:06:16,800 Speaker 2: You got it. 106 00:06:17,240 --> 00:06:21,080 Speaker 1: Everybody everybody's just accessing the system and running out with 107 00:06:21,440 --> 00:06:24,320 Speaker 1: large amounts of money. If there was an investigation like 108 00:06:24,360 --> 00:06:29,960 Speaker 1: they're having in Minnesota regarding the Somalis who stole money 109 00:06:30,000 --> 00:06:35,280 Speaker 1: from the welfare agencies. I can't imagine what they'd find. 110 00:06:35,400 --> 00:06:38,640 Speaker 1: Is anybody looking into this, Well. 111 00:06:38,839 --> 00:06:42,600 Speaker 2: I do believe so. And we've written about the fraud 112 00:06:42,800 --> 00:06:47,920 Speaker 2: and abuse inside of our welfare agencies and said it's 113 00:06:48,000 --> 00:06:51,080 Speaker 2: you know, it's probably ten times worse than Minnesota's. We're 114 00:06:51,320 --> 00:06:54,560 Speaker 2: a much larger state and we have many, many more 115 00:06:54,600 --> 00:06:58,680 Speaker 2: illegal aliens living here who are receiving benefits from the 116 00:06:58,720 --> 00:07:00,880 Speaker 2: state government. So yeah, it's all there. 117 00:07:01,600 --> 00:07:04,000 Speaker 1: Can you hang on When I come back, I want 118 00:07:04,000 --> 00:07:08,159 Speaker 1: to talk about all the terrible uh, all the terrible 119 00:07:08,240 --> 00:07:12,600 Speaker 1: numbers that describe just how bad the California economy is, 120 00:07:13,280 --> 00:07:17,200 Speaker 1: just the number of people leaving, the unemployment rate. I mean, 121 00:07:17,440 --> 00:07:20,080 Speaker 1: it is bad stuff, and it's not getting much attention 122 00:07:20,200 --> 00:07:23,640 Speaker 1: outside of you. Seriously, you're the only only place I 123 00:07:23,720 --> 00:07:24,880 Speaker 1: find out about this stuff. 124 00:07:26,080 --> 00:07:26,760 Speaker 3: We'll talk more. 125 00:07:26,840 --> 00:07:27,960 Speaker 2: It's a lot of fun over here. 126 00:07:29,680 --> 00:07:30,440 Speaker 3: Well if you. 127 00:07:30,400 --> 00:07:33,760 Speaker 1: Don't do it seriously, if you weren't doing this, it 128 00:07:33,800 --> 00:07:36,680 Speaker 1: would be it would be zero information out there. So 129 00:07:36,760 --> 00:07:39,840 Speaker 1: we're gonna talk more at Katie Grimes californiaglobe dot com. Really, 130 00:07:39,920 --> 00:07:41,480 Speaker 1: you should read that site. 131 00:07:41,560 --> 00:07:45,920 Speaker 4: Every day you're listening to John Cobelt on demand from 132 00:07:46,040 --> 00:07:47,640 Speaker 4: KFI AM six forty. 133 00:07:49,680 --> 00:07:52,800 Speaker 1: You can rant and rave and uh howl at the 134 00:07:52,840 --> 00:07:55,680 Speaker 1: moon on the moistline every week three twenty and three 135 00:07:55,680 --> 00:07:58,080 Speaker 1: p fifty. We play it back on Friday. You call 136 00:07:58,160 --> 00:08:00,920 Speaker 1: this number and we'll record it and play it on 137 00:08:01,520 --> 00:08:04,680 Speaker 1: Friday afternoons eight seven seven Moist eighty six, eight seven 138 00:08:04,760 --> 00:08:08,080 Speaker 1: seven Moist eighty six. He's the talkback feature on the 139 00:08:08,080 --> 00:08:12,200 Speaker 1: iHeartRadio app. We continue with Katie Grimes at californiaglobe dot com, 140 00:08:12,320 --> 00:08:15,119 Speaker 1: which is the only place to learn a lot about 141 00:08:15,680 --> 00:08:20,240 Speaker 1: all the all the incompetence and corruption going on in 142 00:08:20,240 --> 00:08:25,400 Speaker 1: Sacramento under Gavin Newsom and the Democratic legislature. And she's 143 00:08:25,480 --> 00:08:28,840 Speaker 1: reporting this week not only about the eighteen billion dollar 144 00:08:28,920 --> 00:08:35,520 Speaker 1: budget deficit, but how the California Auditor has declared a 145 00:08:35,679 --> 00:08:39,280 Speaker 1: number of state agencies being at high risk because of 146 00:08:39,320 --> 00:08:42,240 Speaker 1: all the fraud and waste and abuse. 147 00:08:42,040 --> 00:08:43,760 Speaker 3: And the financial situation they're in. 148 00:08:44,840 --> 00:08:49,640 Speaker 1: And let's get Katie back on Katie in this story, 149 00:08:49,679 --> 00:08:52,839 Speaker 1: which if you're looking for it at the headline is 150 00:08:52,880 --> 00:08:57,239 Speaker 1: eighteen billion dollar deficit, high risk state agencies record outmigration. 151 00:08:57,880 --> 00:09:00,600 Speaker 1: I want to talk about the out migration we've had 152 00:09:00,679 --> 00:09:03,440 Speaker 1: Joel Katkin on a number of times, and he is 153 00:09:03,480 --> 00:09:08,360 Speaker 1: a researcher and a demographer, and he wrote that affluent 154 00:09:08,760 --> 00:09:12,240 Speaker 1: young professionals are migrating out of the state. 155 00:09:13,160 --> 00:09:15,520 Speaker 3: Yes, big numbers talk talk about that. 156 00:09:16,480 --> 00:09:18,840 Speaker 2: Yeah. Well, I mean, he's the one that had figured 157 00:09:18,840 --> 00:09:21,840 Speaker 2: out that it's over four million people have left California 158 00:09:21,880 --> 00:09:25,800 Speaker 2: since since the year two thousand. That's a chunk of people. 159 00:09:26,040 --> 00:09:30,479 Speaker 2: But are young people who are getting getting educated, college educated, 160 00:09:30,920 --> 00:09:34,560 Speaker 2: and they look around and go, huh, I think I 161 00:09:34,600 --> 00:09:36,959 Speaker 2: can actually afford to buy a house and pay off 162 00:09:36,960 --> 00:09:39,800 Speaker 2: my student loans in South Carolina and get a high 163 00:09:39,800 --> 00:09:42,959 Speaker 2: tech job. I mean, they're going everywhere but here. I mean, 164 00:09:43,559 --> 00:09:46,840 Speaker 2: I've got a kid who doesn't live in California. It 165 00:09:46,920 --> 00:09:55,200 Speaker 2: is stunning going on. I had three of those yeah. 166 00:09:53,440 --> 00:09:56,439 Speaker 3: Out, Yeah, I mean, I mean you can't. 167 00:09:56,920 --> 00:09:59,319 Speaker 1: They can't afford to live here while they're starting out, 168 00:09:59,320 --> 00:10:00,920 Speaker 1: while they're in there in their twenties. 169 00:10:01,400 --> 00:10:02,160 Speaker 3: It's possible. 170 00:10:02,480 --> 00:10:06,080 Speaker 2: No, no, it's it's outrageous. And and he does the 171 00:10:06,120 --> 00:10:10,439 Speaker 2: best work by far on, you know, maintaining the stats 172 00:10:10,520 --> 00:10:13,320 Speaker 2: on this, and it doesn't look good at all for 173 00:10:13,440 --> 00:10:16,520 Speaker 2: our future. You've got to have the youth coming into 174 00:10:16,559 --> 00:10:19,760 Speaker 2: the workforce in your state. In order, and instead Gavin 175 00:10:19,800 --> 00:10:22,559 Speaker 2: Newsom's backfilled it with illegal aliens. 176 00:10:22,960 --> 00:10:26,400 Speaker 1: That's why the total population hasn't gone down that much. 177 00:10:27,080 --> 00:10:29,640 Speaker 1: Four million have left, but how many millions of illegal 178 00:10:29,679 --> 00:10:30,720 Speaker 1: aliens replaced them? 179 00:10:30,840 --> 00:10:31,840 Speaker 3: Almost four million? 180 00:10:32,679 --> 00:10:35,400 Speaker 2: Yeah, exactly, And it's deliberate. This is I've heard it 181 00:10:35,440 --> 00:10:39,520 Speaker 2: spoken aloud before. That is the plan. And unfortunately those 182 00:10:39,520 --> 00:10:41,920 Speaker 2: of us who are still here. And I'm here because 183 00:10:41,960 --> 00:10:44,240 Speaker 2: I do believe this state can be saved if we 184 00:10:44,240 --> 00:10:46,959 Speaker 2: can get rid of people like Gavin Newsom. 185 00:10:47,160 --> 00:10:50,240 Speaker 3: But why do you think that's there for it? Why 186 00:10:50,240 --> 00:10:51,520 Speaker 3: do you think that's their plan? 187 00:10:52,040 --> 00:10:55,040 Speaker 1: The amount of tax revenue when when when hundreds of 188 00:10:55,120 --> 00:11:00,960 Speaker 1: thousands of young, educated professionals leave, and then the financial 189 00:11:01,040 --> 00:11:04,320 Speaker 1: burden if they're replaced by illegal aliens. Why would you 190 00:11:04,480 --> 00:11:07,920 Speaker 1: do that? What is the upside for all the Democrats here? 191 00:11:08,840 --> 00:11:12,400 Speaker 2: Well, I think there's two things going on. Number One, 192 00:11:12,720 --> 00:11:17,120 Speaker 2: our best and brightest are not serving in our California legislature. 193 00:11:17,800 --> 00:11:20,559 Speaker 2: There certainly are some outstanding people, but they're on the 194 00:11:20,640 --> 00:11:23,520 Speaker 2: right side of the island. There's too few of them. 195 00:11:24,280 --> 00:11:26,080 Speaker 2: So there's people who really don't get it, and they 196 00:11:26,120 --> 00:11:29,120 Speaker 2: really don't care. They're there for themselves and whatever single 197 00:11:29,160 --> 00:11:32,080 Speaker 2: issue is important to them. Then there's the others that 198 00:11:32,160 --> 00:11:35,600 Speaker 2: think destabilizing California is a great idea because that's where 199 00:11:35,600 --> 00:11:37,559 Speaker 2: we're headed. They're all for it. 200 00:11:38,000 --> 00:11:42,240 Speaker 1: And what's the upside of the destabilizing a forty million 201 00:11:42,280 --> 00:11:43,000 Speaker 1: person state. 202 00:11:43,960 --> 00:11:47,800 Speaker 2: They think it's power and control. There's so burn it down, 203 00:11:48,160 --> 00:11:53,880 Speaker 2: but we own it. It's evil, It's pure evil. 204 00:11:56,120 --> 00:12:01,760 Speaker 1: Quoting Kotkin is saying that two hundred thousand migrants twenty 205 00:12:01,760 --> 00:12:04,760 Speaker 1: five or older in age, the bulk of whom had 206 00:12:04,800 --> 00:12:11,280 Speaker 1: either four year or associate degrees, and they've moved to Nevada, Arizona, Texas, Florida, 207 00:12:11,320 --> 00:12:14,880 Speaker 1: and the Carolinas. The numbers are surging for that demographic 208 00:12:14,960 --> 00:12:15,720 Speaker 1: in those states. 209 00:12:18,080 --> 00:12:21,600 Speaker 2: Yeah, even they want jobs and more affordable places to live. 210 00:12:23,080 --> 00:12:26,880 Speaker 1: And then we've got the unemployment rate five point six percent, 211 00:12:27,000 --> 00:12:31,040 Speaker 1: that is thirty percent higher than the national average. Number 212 00:12:31,080 --> 00:12:33,360 Speaker 1: one in the country, five point six percent. 213 00:12:34,320 --> 00:12:37,480 Speaker 2: Right, we're always number one for the bad stuff. Number 214 00:12:37,480 --> 00:12:40,640 Speaker 2: one for unemployment, number one for outmigration, Number one for 215 00:12:40,720 --> 00:12:42,840 Speaker 2: the most poverty in the country, number one for the 216 00:12:42,840 --> 00:12:46,080 Speaker 2: most homeless, Number one bot you, I'll say, number fifty 217 00:12:46,280 --> 00:12:49,240 Speaker 2: for the worst schools, the lowest reading rates, the lowest 218 00:12:49,240 --> 00:12:54,120 Speaker 2: math scores. We're never we're never number one for anything 219 00:12:54,160 --> 00:12:54,880 Speaker 2: good anymore. 220 00:12:55,960 --> 00:12:59,120 Speaker 1: And you know, you publish the unemployment rates for all 221 00:12:59,160 --> 00:13:03,640 Speaker 1: the states, and I look at comparable states, even states 222 00:13:03,800 --> 00:13:08,040 Speaker 1: that are considered you know, very liberal, like New York 223 00:13:08,240 --> 00:13:11,280 Speaker 1: have a significantly lower unemployment. 224 00:13:10,720 --> 00:13:11,679 Speaker 3: Rate like this. 225 00:13:11,760 --> 00:13:12,600 Speaker 2: It's that interesting. 226 00:13:12,760 --> 00:13:17,960 Speaker 1: Yeah, it's not just the political climate, but the state 227 00:13:18,120 --> 00:13:21,640 Speaker 1: is run so badly and there's so many lunatic policies 228 00:13:21,880 --> 00:13:24,199 Speaker 1: that even other left wing states don't have. 229 00:13:25,200 --> 00:13:29,760 Speaker 2: Yeah, exactly, we're core number one in that too. Yeah, 230 00:13:29,800 --> 00:13:32,680 Speaker 2: every policy that's being passed these days is to the 231 00:13:32,720 --> 00:13:34,439 Speaker 2: detriment of the future of our state. 232 00:13:35,240 --> 00:13:37,679 Speaker 1: And then you look at other large states like Texas 233 00:13:37,760 --> 00:13:41,240 Speaker 1: at a four point one unemployment rate, Florida three point nine. 234 00:13:42,360 --> 00:13:45,920 Speaker 1: So you take comparable states in the class of California 235 00:13:45,960 --> 00:13:49,160 Speaker 1: either when it comes to to politics or size, and 236 00:13:49,200 --> 00:13:52,439 Speaker 1: they're doing far better. We're worth thirty to forty percent 237 00:13:52,520 --> 00:13:55,120 Speaker 1: higher and unemployment, right, And. 238 00:13:55,120 --> 00:13:59,800 Speaker 2: Texas and Florida also had a pretty significant mass you know, 239 00:14:00,000 --> 00:14:03,520 Speaker 2: immigrant migration into their states, so that's probably accounts for some. 240 00:14:03,559 --> 00:14:10,480 Speaker 1: Of that, and it's hardly reported on outside I know, 241 00:14:11,040 --> 00:14:13,319 Speaker 1: And what do you think that is? 242 00:14:14,040 --> 00:14:16,760 Speaker 2: Well? I made a crass remark earlier today when talking 243 00:14:16,800 --> 00:14:19,360 Speaker 2: to someone else that I wrote this so that even 244 00:14:19,400 --> 00:14:21,920 Speaker 2: the slow kids in the mainstream media could figure it 245 00:14:21,960 --> 00:14:24,760 Speaker 2: out and maybe write about it too. There's just no interest. 246 00:14:25,360 --> 00:14:27,400 Speaker 2: Nobody will sit down and look at these numbers. And 247 00:14:27,400 --> 00:14:30,200 Speaker 2: I admit, I'm a writer, I am not a numbers person. 248 00:14:30,520 --> 00:14:32,960 Speaker 2: But the state did it for me. The auditor did 249 00:14:33,000 --> 00:14:35,240 Speaker 2: it for me, the legislative analysts did it for me, 250 00:14:35,480 --> 00:14:37,520 Speaker 2: and the Bureau of Labor Statistics did it for me. 251 00:14:37,640 --> 00:14:40,440 Speaker 3: These, yes, these are all the state's numbers. This is 252 00:14:40,560 --> 00:14:42,720 Speaker 3: nothing that you have concocted. 253 00:14:42,840 --> 00:14:45,200 Speaker 2: Not at all. I didn't have to get out my calculator. 254 00:14:46,320 --> 00:14:48,600 Speaker 1: I look at the gas you know, every couple of days, 255 00:14:48,840 --> 00:14:52,239 Speaker 1: I read the gas prices state by state around the country. Yeah, 256 00:14:52,320 --> 00:14:55,920 Speaker 1: and so we're at right now four thirty five something 257 00:14:56,000 --> 00:14:56,320 Speaker 1: like that. 258 00:14:56,880 --> 00:14:59,800 Speaker 3: Alcohoma's at two thirty. The nastal average is too. 259 00:15:00,880 --> 00:15:04,720 Speaker 1: There's like, well, I don't know thirty five states that 260 00:15:04,760 --> 00:15:09,600 Speaker 1: are under three bucks. That alone, because people see that 261 00:15:09,640 --> 00:15:13,640 Speaker 1: obnoxious gas price every day right every half mile there, 262 00:15:13,840 --> 00:15:16,440 Speaker 1: that alone should cause a political upheaval. 263 00:15:16,480 --> 00:15:17,120 Speaker 3: And it doesn't. 264 00:15:17,880 --> 00:15:20,240 Speaker 2: Yeah, exactly. And we've been writing about the oil and 265 00:15:20,280 --> 00:15:23,200 Speaker 2: gas crisis in the state. How it's not only a 266 00:15:23,280 --> 00:15:26,840 Speaker 2: national security risk because we can't manufacture enough of our 267 00:15:26,840 --> 00:15:30,440 Speaker 2: own jet fuel for our military installations, but we're looking 268 00:15:30,480 --> 00:15:33,160 Speaker 2: at eight to twelve dollars a gallon in the very 269 00:15:33,200 --> 00:15:39,160 Speaker 2: near future. And silence, just silence coming from this administration 270 00:15:39,240 --> 00:15:41,080 Speaker 2: and frankly for most of the mainstream media. 271 00:15:42,160 --> 00:15:44,680 Speaker 1: Yeah, and that's why I'm puzzled by the lack of 272 00:15:44,680 --> 00:15:47,840 Speaker 1: reaction from regular citizens. I mean, there's a lot of 273 00:15:47,840 --> 00:15:51,720 Speaker 1: politicians that have lost their jobs. You remember in France 274 00:15:52,120 --> 00:15:55,080 Speaker 1: a few years ago, the Yellow vest riots, they started 275 00:15:55,320 --> 00:15:59,280 Speaker 1: fires everywhere because of a gas price increase. 276 00:16:00,080 --> 00:16:01,000 Speaker 2: Yeah, that's right. 277 00:16:01,520 --> 00:16:04,360 Speaker 3: You don't need the media, and you don't need the government. 278 00:16:05,200 --> 00:16:07,480 Speaker 1: You need you need just people using their eyes and 279 00:16:07,520 --> 00:16:09,800 Speaker 1: seeing why the hell is it you know, four point 280 00:16:09,800 --> 00:16:12,880 Speaker 1: fifty here. Of course they don't know it's two fifty 281 00:16:12,920 --> 00:16:13,840 Speaker 1: in Oklahoma. 282 00:16:14,840 --> 00:16:16,280 Speaker 2: Yeah, that's part of the problem. 283 00:16:16,440 --> 00:16:17,520 Speaker 3: Yeah. 284 00:16:17,680 --> 00:16:21,200 Speaker 2: Well, I just published today the Top fifty Disasters. Governor 285 00:16:21,240 --> 00:16:25,200 Speaker 2: Gavin Newsom has ushered into California the twenty twenty five editions, 286 00:16:25,520 --> 00:16:27,000 Speaker 2: So we've got a lot of that listed. 287 00:16:27,240 --> 00:16:28,960 Speaker 3: Yes, I saw that. 288 00:16:29,160 --> 00:16:30,680 Speaker 1: I haven't had a chance to read it yet, but 289 00:16:30,720 --> 00:16:33,400 Speaker 1: I will delve into that tomorrow on the show. Thank 290 00:16:33,440 --> 00:16:34,080 Speaker 1: you for coming up. 291 00:16:34,120 --> 00:16:36,560 Speaker 2: Okay, you bet. John's good to be with you, all right. 292 00:16:36,600 --> 00:16:41,920 Speaker 1: Katie Grimes californiaglobe dot com really one of a kind. Unfortunately, 293 00:16:42,360 --> 00:16:45,240 Speaker 1: when it comes to media coverage of the disaster and Sacramento, 294 00:16:45,320 --> 00:16:47,880 Speaker 1: you know, eventually everything will collapse and everyone's going to 295 00:16:47,920 --> 00:16:48,240 Speaker 1: wake up. 296 00:16:48,240 --> 00:16:52,360 Speaker 4: At the same time, you're listening to John Cobel's on 297 00:16:52,480 --> 00:16:55,120 Speaker 4: demand from KFI AM six forty. 298 00:16:56,360 --> 00:16:59,160 Speaker 1: You can follow us on social media at John Cobelt Radio. 299 00:16:59,360 --> 00:17:02,320 Speaker 1: Do this John Cobelt Radio. And you want to see 300 00:17:02,680 --> 00:17:06,280 Speaker 1: longer segments that we've been posting recently, subscribe to our 301 00:17:06,320 --> 00:17:10,480 Speaker 1: YouTube channel YouTube dot com, slash at John Cobeltshow YouTube 302 00:17:10,480 --> 00:17:13,840 Speaker 1: dot com slash at John Cobelt Show. 303 00:17:14,080 --> 00:17:16,920 Speaker 3: And then you could see those. Now I see the 304 00:17:16,920 --> 00:17:19,920 Speaker 3: segments showll be notified when we post new ones. We're 305 00:17:20,000 --> 00:17:24,359 Speaker 3: just on with Katie Grimes from californiaglobe dot com. I 306 00:17:24,359 --> 00:17:27,680 Speaker 3: cannot recommend that website enough if you want to find 307 00:17:27,720 --> 00:17:30,800 Speaker 3: out what a disaster the state government is and Gavin 308 00:17:30,840 --> 00:17:36,040 Speaker 3: Newsom is. Because it's costing you a lot of money, 309 00:17:36,160 --> 00:17:40,960 Speaker 3: it is really ruining your quality of life, and there 310 00:17:41,119 --> 00:17:45,640 Speaker 3: is a blackout on news coverage of Sacramento for most 311 00:17:45,680 --> 00:17:49,880 Speaker 3: of the main media sources, certainly all the television stations 312 00:17:50,520 --> 00:17:55,840 Speaker 3: and nearly all the radio stations and the internet at 313 00:17:55,920 --> 00:18:01,399 Speaker 3: news sites, the old mainstream media sites like La Times. 314 00:18:01,520 --> 00:18:05,119 Speaker 3: La Times actually covers the state issues very little. And 315 00:18:05,119 --> 00:18:05,800 Speaker 3: I'm not talking. 316 00:18:05,600 --> 00:18:11,680 Speaker 1: About state politics. I'm talking about these nasty, damaging policies 317 00:18:12,560 --> 00:18:15,040 Speaker 1: that have been put in place over the years. This 318 00:18:15,080 --> 00:18:18,240 Speaker 1: is not inside baseball stuff. This is and we talked 319 00:18:18,280 --> 00:18:20,480 Speaker 1: about the gas prices, and I'm just going to keep 320 00:18:20,480 --> 00:18:24,239 Speaker 1: telling you well how awful the gas price situation is, 321 00:18:24,520 --> 00:18:25,280 Speaker 1: because this is. 322 00:18:25,200 --> 00:18:27,840 Speaker 3: A one of a kind situation in the whole nation. 323 00:18:28,720 --> 00:18:31,760 Speaker 1: And the average price in this country now for a 324 00:18:31,800 --> 00:18:34,119 Speaker 1: gallon of gas is two dollars ninety cents. 325 00:18:34,640 --> 00:18:37,680 Speaker 3: That's average. That includes California. 326 00:18:37,720 --> 00:18:40,720 Speaker 1: And I mentioned to Katie that is off the top 327 00:18:40,720 --> 00:18:42,760 Speaker 1: of my head, I guess maybe there's probably thirty five 328 00:18:42,800 --> 00:18:46,520 Speaker 1: states under three dollars a gallon. It's actually thirty eight states. 329 00:18:46,800 --> 00:18:50,840 Speaker 1: Thirty eight states are selling gas under three bucks. And again, 330 00:18:51,119 --> 00:18:55,679 Speaker 1: compare it to similar states, states similar in size or 331 00:18:55,720 --> 00:19:00,600 Speaker 1: similar political philosophy. Let's look at left wing states, states 332 00:19:00,840 --> 00:19:06,120 Speaker 1: like Massachusetts right so famous for its taxes, its nickname 333 00:19:06,200 --> 00:19:09,640 Speaker 1: is Taxachusetts. Their gas prices are two ninety nine two 334 00:19:09,720 --> 00:19:13,919 Speaker 1: ninety nine in Massachusetts. New Jersey I can testify I 335 00:19:13,960 --> 00:19:17,480 Speaker 1: grew up there, high tech state two ninety one for 336 00:19:17,560 --> 00:19:20,920 Speaker 1: gas in New Jersey. Let's see New York. I lived 337 00:19:20,960 --> 00:19:24,720 Speaker 1: there as well, threeh eight above the national average, but 338 00:19:25,000 --> 00:19:28,200 Speaker 1: not the four thirty four that we're paying in California. 339 00:19:28,680 --> 00:19:32,000 Speaker 1: And then you look at well, Illinois, Illinois is pretty 340 00:19:32,080 --> 00:19:35,160 Speaker 1: left wing the government. They're at three zho two. That's 341 00:19:35,200 --> 00:19:38,200 Speaker 1: a dollar thirty less. Let me see what else here? 342 00:19:39,720 --> 00:19:43,920 Speaker 1: And then I'm looking for the big states. Well, Texas 343 00:19:44,520 --> 00:19:47,360 Speaker 1: two fifty two, two fifty two. 344 00:19:48,119 --> 00:19:49,320 Speaker 3: What's wrong with. 345 00:19:50,800 --> 00:19:53,800 Speaker 1: The governor of Texas that he's got gas in two 346 00:19:53,840 --> 00:19:56,720 Speaker 1: fifty two? Why? Why is he a bad guy? Why 347 00:19:56,800 --> 00:20:00,199 Speaker 1: is it so bad to be in Texas? Florida another one, 348 00:20:00,240 --> 00:20:03,880 Speaker 1: DeSantis two ninety three, Why is that bad? And then 349 00:20:04,040 --> 00:20:08,040 Speaker 1: the champion is Oklahoma at two thirty three two thirty 350 00:20:08,040 --> 00:20:11,880 Speaker 1: three A gallon Arkansas is two forty seven, Iowa's two 351 00:20:11,920 --> 00:20:14,800 Speaker 1: forty seven, Colorado's two forty nine. And notice that's all 352 00:20:14,800 --> 00:20:18,160 Speaker 1: different parts of the country. You've got the South in Arkansas. 353 00:20:18,280 --> 00:20:20,560 Speaker 1: You've got Iowa in the Midwest, you've got Colorado in 354 00:20:20,560 --> 00:20:23,480 Speaker 1: the Rocky Mountains. So it's not even a regional thing. 355 00:20:24,280 --> 00:20:28,960 Speaker 1: It's California. And then this story also, well this one's 356 00:20:28,960 --> 00:20:34,800 Speaker 1: from Bloomberg. You've probably heard that we lost the Phillips 357 00:20:34,800 --> 00:20:40,760 Speaker 1: sixty six refinery in October. It got shut down in Wilmington. 358 00:20:43,720 --> 00:20:48,760 Speaker 1: The Valero Energy Company is shutting its Benetia refinery in April. 359 00:20:49,359 --> 00:20:54,360 Speaker 1: So we're down to seven refineries. In two year two thousand, 360 00:20:54,560 --> 00:20:57,520 Speaker 1: we had forty three refineries. Now we've got seven, all 361 00:20:57,560 --> 00:21:00,480 Speaker 1: because of California regulation in Texas, that's why they shut down. 362 00:21:00,920 --> 00:21:04,159 Speaker 3: And Newsome is counting on increased imports. 363 00:21:04,200 --> 00:21:06,840 Speaker 1: Now remember he did this and his claim was, oh, 364 00:21:06,880 --> 00:21:09,680 Speaker 1: I gotta fight climate change. Now we're using the same 365 00:21:09,680 --> 00:21:13,199 Speaker 1: amount of gas in California. There's been no reduction in 366 00:21:13,280 --> 00:21:16,000 Speaker 1: how much gas and oil we use. So now instead 367 00:21:16,040 --> 00:21:19,800 Speaker 1: of producing it here and we're fining it here, we're 368 00:21:19,840 --> 00:21:26,760 Speaker 1: buying it from all kinds of unpleasant countries. Yeah, places 369 00:21:26,960 --> 00:21:30,080 Speaker 1: like Iraq and Saudi Arabia, and then it has to 370 00:21:30,119 --> 00:21:32,359 Speaker 1: be shipped on a tanker here. Now they have no 371 00:21:32,480 --> 00:21:37,000 Speaker 1: environmental laws in these countries and oil tankers in the ocean. 372 00:21:37,960 --> 00:21:41,600 Speaker 1: There's even more emissions coming, you know, from the ships. 373 00:21:42,800 --> 00:21:46,240 Speaker 1: And the thing is Bloomberg says, it's a wave of 374 00:21:46,280 --> 00:21:49,600 Speaker 1: refinery closures as the state shifts away from fossil fuels. 375 00:21:49,840 --> 00:21:53,040 Speaker 3: Except we're not. We're not shifting away. 376 00:21:53,480 --> 00:21:56,720 Speaker 1: And now the electrical the electric vehicle mandate was thrown 377 00:21:56,800 --> 00:22:02,000 Speaker 1: out by the Trump administration, and just in time, because 378 00:22:02,040 --> 00:22:04,200 Speaker 1: we were going to be forced to buy expensive electric 379 00:22:04,280 --> 00:22:07,800 Speaker 1: vehicles and there's no electrical grid to support them. All 380 00:22:07,840 --> 00:22:11,320 Speaker 1: you'd end up with is blackouts. So Valero is shutting down. 381 00:22:11,880 --> 00:22:14,960 Speaker 1: Newsom is now panicking and he wants to turn the 382 00:22:15,000 --> 00:22:20,719 Speaker 1: Valero site into a storage hub for all the oil 383 00:22:21,440 --> 00:22:22,760 Speaker 1: coming from overseas. 384 00:22:23,119 --> 00:22:25,840 Speaker 3: You got this. He forced the closure of. 385 00:22:25,800 --> 00:22:29,959 Speaker 1: This place with his excessive regulations and taxes. And now 386 00:22:30,080 --> 00:22:32,560 Speaker 1: that Valera is leaving, it's like, well, can we use 387 00:22:32,600 --> 00:22:34,440 Speaker 1: it to store the oil that we have to buy 388 00:22:34,440 --> 00:22:38,680 Speaker 1: from all the foreign countries. And the mayor doesn't want it. 389 00:22:38,480 --> 00:22:42,359 Speaker 1: It's twenty seven thousand people. Venetia, with twenty seven thousand people, 390 00:22:42,480 --> 00:22:46,119 Speaker 1: needed the refinery for the jobs and the taxes. And 391 00:22:46,200 --> 00:22:50,080 Speaker 1: since Valero is closing, he wants to redevelop the site. 392 00:22:50,960 --> 00:22:53,280 Speaker 1: Attract a new industry, or at least fill it with 393 00:22:53,359 --> 00:22:56,840 Speaker 1: retail and housing, something that's going to create tax revenue, 394 00:22:57,000 --> 00:22:59,080 Speaker 1: something that's going to provide jobs for the people who 395 00:22:59,080 --> 00:23:02,160 Speaker 1: are out of work now because Newsom did. The mayor 396 00:23:02,200 --> 00:23:06,080 Speaker 1: here Steve Young says, we're going to put up whatever 397 00:23:06,119 --> 00:23:09,240 Speaker 1: resistance we can making the site of fuel storage job 398 00:23:09,320 --> 00:23:12,399 Speaker 1: is a terrible situation. There are no jobs, there are 399 00:23:12,440 --> 00:23:15,800 Speaker 1: no taxes with it because it's just tanks filled with 400 00:23:15,840 --> 00:23:22,000 Speaker 1: oil and you have continuous emissions from tankers. So Benisha 401 00:23:22,080 --> 00:23:24,879 Speaker 1: is now a disaster. It had a thriving industry. Everybody 402 00:23:24,880 --> 00:23:27,000 Speaker 1: had jobs, they had a great tax base, and the 403 00:23:27,040 --> 00:23:30,320 Speaker 1: whole city's financial situation has been blown up and the 404 00:23:30,359 --> 00:23:32,520 Speaker 1: lives of the people working there have been blown up 405 00:23:32,520 --> 00:23:36,680 Speaker 1: as well by Newsom's policies. And he was frantically trying 406 00:23:36,680 --> 00:23:40,600 Speaker 1: to get some oil company somewhere in the world to 407 00:23:40,600 --> 00:23:43,520 Speaker 1: buy it, and nobody would and the reason they don't 408 00:23:43,560 --> 00:23:47,680 Speaker 1: want to lose money. In fact, you know what, Volero 409 00:23:47,840 --> 00:23:51,399 Speaker 1: is taking a billion dollar loss just to close this place. 410 00:23:51,440 --> 00:23:56,040 Speaker 1: Can you imagine a billion dollar loss? Newsome bet on 411 00:23:56,160 --> 00:24:00,560 Speaker 1: electric vehicles, except nobody likes them, and it's so bad 412 00:24:00,640 --> 00:24:03,360 Speaker 1: when we come back. I'm going to tell you how 413 00:24:03,440 --> 00:24:09,080 Speaker 1: much the Ford Motor Company has lost on electric vehicles. 414 00:24:08,880 --> 00:24:13,080 Speaker 1: It's a staggering vehicle. They tried to be the leaders 415 00:24:13,440 --> 00:24:16,920 Speaker 1: in evs for the past five years and nobody would 416 00:24:16,920 --> 00:24:19,840 Speaker 1: buy the cars. And when I tell you how much 417 00:24:19,960 --> 00:24:24,240 Speaker 1: money they blew, how much of loss they've got to 418 00:24:24,280 --> 00:24:27,399 Speaker 1: write off, Now you're going to be staggered. It's their 419 00:24:27,440 --> 00:24:32,440 Speaker 1: own fault. They should have told this whole green movement 420 00:24:32,480 --> 00:24:36,200 Speaker 1: to go screw themselves, and should should have told the 421 00:24:37,119 --> 00:24:40,040 Speaker 1: Biden administration, for example, to stuff it, because all they 422 00:24:40,119 --> 00:24:42,920 Speaker 1: did is they blew nineteen billion dollars and nobody wanted 423 00:24:42,920 --> 00:24:45,800 Speaker 1: the cars. I'll tell you about the Ford Motor Company 424 00:24:45,840 --> 00:24:48,080 Speaker 1: we come back. It's going to go down in history 425 00:24:48,119 --> 00:24:52,760 Speaker 1: as one of the biggest botches by a government and 426 00:24:52,840 --> 00:24:53,720 Speaker 1: buy an industry. 427 00:24:54,920 --> 00:24:59,560 Speaker 4: You're listening to John Cobels on demand from KFI AM. 428 00:24:59,280 --> 00:25:04,080 Speaker 1: Six forty Moistline for Friday eight seven seven Moist eighty 429 00:25:04,160 --> 00:25:06,399 Speaker 1: six eight seven seven Moist eighty six, or use a 430 00:25:06,440 --> 00:25:10,920 Speaker 1: talkback feature on the iHeart app and the podcast will 431 00:25:10,960 --> 00:25:16,840 Speaker 1: be shortly after four o'clock. And we covered the non 432 00:25:16,840 --> 00:25:22,840 Speaker 1: indictment as it turned out of Nick Reiner. It's been 433 00:25:22,880 --> 00:25:25,720 Speaker 1: postponed to January seventh, and we had Royal Oaks on 434 00:25:25,760 --> 00:25:30,399 Speaker 1: from ABC News and we discussed all the different variations 435 00:25:30,440 --> 00:25:35,199 Speaker 1: of pleas that Reiner may make, and the type of 436 00:25:35,240 --> 00:25:42,320 Speaker 1: defenses centered around his state of mind is actually too 437 00:25:42,400 --> 00:25:45,600 Speaker 1: vega term whether he was insane or not, whether his 438 00:25:46,520 --> 00:25:50,040 Speaker 1: brain function was compromised either but mental illness or drugs, 439 00:25:51,119 --> 00:25:55,240 Speaker 1: and what the various sentences would be if these defenses 440 00:25:55,440 --> 00:25:59,120 Speaker 1: actually worked. So it was interesting stuff with Royal Oaks 441 00:25:59,160 --> 00:26:04,199 Speaker 1: he should listen to. And two o'clock hour we discussed 442 00:26:04,440 --> 00:26:06,520 Speaker 1: some fascinating stuff. 443 00:26:06,600 --> 00:26:08,840 Speaker 3: Karen Bass told some truth. 444 00:26:08,960 --> 00:26:12,000 Speaker 1: She was on a podcast and thought the podcast was 445 00:26:12,040 --> 00:26:15,400 Speaker 1: over and they kept rolling the video and then she started. 446 00:26:16,600 --> 00:26:18,200 Speaker 3: She started being candid all. 447 00:26:18,080 --> 00:26:20,240 Speaker 1: Of a sudden for the first time that I can remember, 448 00:26:20,440 --> 00:26:23,480 Speaker 1: and of course she wants wanted it cut out when 449 00:26:23,480 --> 00:26:27,160 Speaker 1: it was posted on YouTube, but La Times somehow got 450 00:26:27,160 --> 00:26:29,600 Speaker 1: a hold of it, and we discussed that at length 451 00:26:30,440 --> 00:26:34,840 Speaker 1: coming up, and also the incredible lies she continues to 452 00:26:34,920 --> 00:26:37,879 Speaker 1: tell and the proofs that there lies regarding the fires. 453 00:26:37,960 --> 00:26:40,080 Speaker 1: At two o'clock hour, Royal Looks and the one o'clock 454 00:26:40,119 --> 00:26:43,200 Speaker 1: hour on Nick Reiner, and just to finish up here. 455 00:26:43,240 --> 00:26:44,280 Speaker 3: I was telling you about. 456 00:26:44,040 --> 00:26:50,800 Speaker 1: The disastrous effect that Newsom has had on the oil 457 00:26:50,840 --> 00:26:53,640 Speaker 1: and gas industry. We're going to be down to seven refineries. 458 00:26:55,040 --> 00:26:57,959 Speaker 1: Another one is closing very soon in Bonetia, and that 459 00:26:58,080 --> 00:27:00,800 Speaker 1: town is going to be thousands of people out of work. 460 00:27:00,960 --> 00:27:02,320 Speaker 3: Huge hit to the tax base. 461 00:27:03,600 --> 00:27:08,320 Speaker 1: Ford Motor Company finally surrendered on electric vehicles on Monday. 462 00:27:08,400 --> 00:27:13,080 Speaker 1: They announced they were writing down a nineteen and a 463 00:27:13,080 --> 00:27:19,320 Speaker 1: half billion dollar loss, most of it from the EV business, 464 00:27:19,680 --> 00:27:22,879 Speaker 1: which has been a huge failure. They are now going 465 00:27:22,960 --> 00:27:29,159 Speaker 1: to redirect their money from Bloomberg from the National Review 466 00:27:29,200 --> 00:27:33,440 Speaker 1: calls the EV money pit to models that are more 467 00:27:33,560 --> 00:27:36,520 Speaker 1: likely to turn a profit. That means models that people 468 00:27:36,600 --> 00:27:40,439 Speaker 1: want to buy and drive. Maybe more hybrids. Maybe they 469 00:27:40,440 --> 00:27:43,159 Speaker 1: should have placed a bigger bet on hybrids and not 470 00:27:43,320 --> 00:27:44,399 Speaker 1: on the pure EV. 471 00:27:45,119 --> 00:27:49,840 Speaker 3: What a disaster. Jim Farley is the CEO of Ford. 472 00:27:50,400 --> 00:27:53,560 Speaker 1: Instead of plowing billions into the future knowing these large 473 00:27:53,600 --> 00:27:57,760 Speaker 1: evs will never make money, we are pivoting. They are 474 00:27:57,800 --> 00:28:02,280 Speaker 1: getting rid of It's f one fifty electric pickup truck 475 00:28:02,320 --> 00:28:05,520 Speaker 1: known as the Lightning where that was unveiled with a 476 00:28:05,560 --> 00:28:09,359 Speaker 1: lot of a lot of hoopla. Total bust they scrapped 477 00:28:09,440 --> 00:28:13,520 Speaker 1: all the manufacturing an EV battery factoring in Kentucky no more. 478 00:28:13,760 --> 00:28:16,200 Speaker 1: They're going to turn it into a battery storage business. 479 00:28:17,320 --> 00:28:20,760 Speaker 1: The campaign against gas powered cars started in the late 480 00:28:20,840 --> 00:28:26,000 Speaker 1: two thousands, and Obama tried hard, promising a goal of 481 00:28:26,040 --> 00:28:29,040 Speaker 1: a million EV's on the road by twenty fifteen. He 482 00:28:29,160 --> 00:28:34,479 Speaker 1: missed by over six hundred thousand. People have never wanted these. Biden, 483 00:28:34,560 --> 00:28:40,520 Speaker 1: of course, tried to force EV's massive tax credit, backed 484 00:28:40,560 --> 00:28:43,880 Speaker 1: up Newsom's electric vehicle mandate where we're all supposed to 485 00:28:43,920 --> 00:28:47,360 Speaker 1: be buying evs entirely by twenty thirty five. In fact, 486 00:28:47,840 --> 00:28:49,880 Speaker 1: this coming year, I think it was going to kick in. 487 00:28:49,920 --> 00:28:51,840 Speaker 1: I think they were expecting over a third of the 488 00:28:51,880 --> 00:28:56,120 Speaker 1: sales to be evs. Not that people wanted them, but 489 00:28:56,200 --> 00:28:58,360 Speaker 1: they were going to rig the market so that you 490 00:28:58,440 --> 00:29:01,520 Speaker 1: almost had to buy one or be really really expensive 491 00:29:01,560 --> 00:29:01,840 Speaker 1: not to. 492 00:29:02,240 --> 00:29:04,480 Speaker 3: And finally Trump got. 493 00:29:04,320 --> 00:29:07,320 Speaker 1: Elected, and I don't care what you think about Trump, 494 00:29:08,920 --> 00:29:11,840 Speaker 1: that saved a disaster, because if we were all forced 495 00:29:11,840 --> 00:29:16,080 Speaker 1: to buy electric cars, it would be a very short 496 00:29:16,080 --> 00:29:20,440 Speaker 1: time before everybody would realize there's no electric grid to 497 00:29:20,520 --> 00:29:25,840 Speaker 1: supply electricity to the electric vehicles. We have a pretty 498 00:29:25,920 --> 00:29:31,560 Speaker 1: crappy electric grid, especially in the summertime, and no way, 499 00:29:32,600 --> 00:29:35,640 Speaker 1: no way impossible it was going to handle electric vehicles. 500 00:29:35,720 --> 00:29:39,959 Speaker 1: They's simply not enough electricity being generated, not even close. 501 00:29:40,640 --> 00:29:43,120 Speaker 1: It would have been such a disaster. We would have 502 00:29:42,840 --> 00:29:45,960 Speaker 1: been living in blackout land every day. Not to mention 503 00:29:46,640 --> 00:29:51,600 Speaker 1: there's relatively few EV chargers around. So it was a terrible, stupid, 504 00:29:51,640 --> 00:29:55,760 Speaker 1: stupid policy on the part of Newsom. And you may 505 00:29:55,800 --> 00:29:58,680 Speaker 1: hate it, but you should be happy that Trump got 506 00:29:58,720 --> 00:30:01,800 Speaker 1: rid of that mandatory E program because it would have 507 00:30:01,800 --> 00:30:05,280 Speaker 1: been such a disaster. Here, all right, we're done. Hey, 508 00:30:05,600 --> 00:30:08,160 Speaker 1: you've been listening to the John Cobalt Show podcast. You 509 00:30:08,160 --> 00:30:10,760 Speaker 1: can always hear the show live on KFI AM six 510 00:30:10,840 --> 00:30:13,560 Speaker 1: forty from one to four pm every Monday through Friday, 511 00:30:13,600 --> 00:30:16,880 Speaker 1: and of course, anytime on demand on the iHeartRadio app.