1 00:00:00,160 --> 00:00:02,960 Speaker 1: Thank you all for joining us. And I actually wanted 2 00:00:03,000 --> 00:00:06,640 Speaker 1: to start you uh you or your you tweeted last week, 3 00:00:06,680 --> 00:00:12,200 Speaker 1: posted last night, this was this was the tweet the conversation, 4 00:00:12,320 --> 00:00:14,200 Speaker 1: and yes, thank you for joining US. Governor, thank you 5 00:00:14,280 --> 00:00:16,479 Speaker 1: so much for the WEF for hosting this. This is 6 00:00:16,520 --> 00:00:20,720 Speaker 1: the conversation that Donald Trump tried to cancel. Don't miss 7 00:00:20,720 --> 00:00:25,360 Speaker 1: at eleven thirty Pacific. Thank you to our specific time viewers. Yeah, 8 00:00:25,480 --> 00:00:26,760 Speaker 1: in fact, it's a different conversation. 9 00:00:26,800 --> 00:00:28,000 Speaker 2: In the WEF's defense, it was the. 10 00:00:28,000 --> 00:00:31,240 Speaker 1: Privately run USA House, which is endorsed by the State Department, 11 00:00:31,240 --> 00:00:35,040 Speaker 1: funded by big American companies, which did pull pull an 12 00:00:35,080 --> 00:00:37,680 Speaker 1: event with you with fortune yesterday. And I guess I 13 00:00:37,720 --> 00:00:40,320 Speaker 1: wondered to begin with, what does that tell you about 14 00:00:40,360 --> 00:00:43,040 Speaker 1: the way the US private sector, which is really very 15 00:00:43,040 --> 00:00:44,120 Speaker 1: heavily represented here. 16 00:00:44,200 --> 00:00:45,599 Speaker 2: So you did go and get me in trouble right 17 00:00:45,640 --> 00:00:46,720 Speaker 2: on the political moment. 18 00:00:47,760 --> 00:00:50,080 Speaker 3: I looked at the admit, looking at the list McKenzie 19 00:00:50,080 --> 00:00:54,560 Speaker 3: and Microsoft and a few California companies. Uh, so, have 20 00:00:54,640 --> 00:00:56,280 Speaker 3: you what the hell they're even talking about? 21 00:00:56,520 --> 00:00:58,440 Speaker 2: Uh, but it's indicative I think of America. 22 00:00:58,760 --> 00:01:00,800 Speaker 3: Yea for those of you are not Marriay, it gives 23 00:01:00,800 --> 00:01:04,000 Speaker 3: you a sense of what we're up against and what's 24 00:01:04,040 --> 00:01:09,880 Speaker 3: happening across my country and what happened here in Davos. 25 00:01:09,920 --> 00:01:11,280 Speaker 2: I was going to speak last night. 26 00:01:11,360 --> 00:01:14,360 Speaker 3: It was a well established event at the USA House, 27 00:01:15,000 --> 00:01:18,760 Speaker 3: simple conversation, discussion after trump'speech. 28 00:01:18,800 --> 00:01:21,759 Speaker 2: They made sure that I didn't. They made sure was canceled. 29 00:01:23,319 --> 00:01:25,320 Speaker 3: And that's what's happening in the United States of America. 30 00:01:25,480 --> 00:01:30,200 Speaker 3: Freedom expression, freedom assembly, freedom of speech. It's American reverse. 31 00:01:31,080 --> 00:01:35,240 Speaker 3: Their sensoring historical facts, they're rewriting history. They're censoring books. 32 00:01:35,240 --> 00:01:39,120 Speaker 3: Four thousand, three hundred and forty books libraries and in 33 00:01:39,200 --> 00:01:40,160 Speaker 3: schools banned in the. 34 00:01:40,200 --> 00:01:41,760 Speaker 2: United States of America. 35 00:01:42,200 --> 00:01:46,360 Speaker 3: You're watching institutions, any institution of independent thinking is under 36 00:01:46,360 --> 00:01:49,320 Speaker 3: assaultant attack by the Trump administration. You're seeing what's playing 37 00:01:49,360 --> 00:01:52,640 Speaker 3: out in the streets of American cities. What played out 38 00:01:52,680 --> 00:01:55,560 Speaker 3: in California, the second largest city in the United States 39 00:01:55,600 --> 00:01:59,360 Speaker 3: of America. Four one thousand National Guard were federalized. Seven 40 00:01:59,440 --> 00:02:02,480 Speaker 3: hundred acts duty Marines were not sent overseas that were 41 00:02:02,480 --> 00:02:07,320 Speaker 3: sent to my largest city in the state of California, 42 00:02:07,400 --> 00:02:11,240 Speaker 3: Masked men Guy Greg Bovino dressed up as if he 43 00:02:11,360 --> 00:02:16,880 Speaker 3: literally went on eBay and purchased ss GARB Greg Bravino, 44 00:02:17,320 --> 00:02:21,760 Speaker 3: secret police, private army, masked men, people disappearing quite literally 45 00:02:21,840 --> 00:02:28,040 Speaker 3: no due process, windows being smashed, seatbelts on being literally 46 00:02:28,480 --> 00:02:30,680 Speaker 3: just sort of cut off, people dragged in the streets, 47 00:02:30,760 --> 00:02:36,560 Speaker 3: kids separated from family, knocking on doors, racially profiling American citizens. 48 00:02:36,560 --> 00:02:40,160 Speaker 3: So is it surprising that Trump administration didn't like my 49 00:02:40,320 --> 00:02:43,560 Speaker 3: commentary and wanted to make sure. 50 00:02:43,360 --> 00:02:44,920 Speaker 2: That I was not allowed to speak. 51 00:02:45,800 --> 00:02:51,360 Speaker 3: No, it's consistent with this administration and their authoritarian tendencies. 52 00:02:51,440 --> 00:02:54,720 Speaker 2: Forgive me, these are objective facts. 53 00:02:54,680 --> 00:02:56,760 Speaker 1: But I would say this was not Just to be clear, 54 00:02:56,800 --> 00:03:00,680 Speaker 1: this was a private enterprise endorsed by this Age Department. 55 00:03:00,720 --> 00:03:03,200 Speaker 1: But these are a lot of decisions are being made 56 00:03:03,200 --> 00:03:04,960 Speaker 1: by private companies right now. This is you know, this 57 00:03:05,080 --> 00:03:08,720 Speaker 1: is a capital, This is the probably the central global 58 00:03:08,720 --> 00:03:10,480 Speaker 1: gathering of CEOs. And I guess I wonder if you 59 00:03:10,520 --> 00:03:13,000 Speaker 1: can give me a revise. It's how you see these 60 00:03:13,040 --> 00:03:14,720 Speaker 1: folks and you, you know, you know your way around 61 00:03:14,720 --> 00:03:16,720 Speaker 1: this world, how you see those people behaving? 62 00:03:18,120 --> 00:03:19,560 Speaker 2: Society becomes how we behave. 63 00:03:19,600 --> 00:03:23,040 Speaker 3: We are behaviors. We're not bystanders in this world. The 64 00:03:23,080 --> 00:03:26,520 Speaker 3: world we're experiencing happened on our watch so in the 65 00:03:26,720 --> 00:03:31,200 Speaker 3: relationship to your question, yeah, they're complicit in some respects 66 00:03:31,480 --> 00:03:33,800 Speaker 3: to this moment. You know, and forgive me, you brought 67 00:03:33,880 --> 00:03:36,640 Speaker 3: up a tweet. But part of my approach has been 68 00:03:37,040 --> 00:03:39,800 Speaker 3: a little more aggressive than perhaps a lot of American politicians. 69 00:03:40,320 --> 00:03:45,680 Speaker 3: I created a Patriot site. On the site, you can go. 70 00:03:45,720 --> 00:03:51,200 Speaker 3: They're neepads that are available to purchase. The last round 71 00:03:51,320 --> 00:03:52,800 Speaker 3: of neepads sold out. 72 00:03:53,680 --> 00:03:54,600 Speaker 2: Just as our law. 73 00:03:54,440 --> 00:03:58,480 Speaker 3: Firms are selling out, many American universities are selling out. 74 00:03:58,520 --> 00:04:02,560 Speaker 3: And yes, many corporatelyleaders are selling out to this administration, 75 00:04:03,080 --> 00:04:07,280 Speaker 3: selling out our values, selling out our future, selling out 76 00:04:07,360 --> 00:04:13,400 Speaker 3: what makes America great and breaks my heart. And people 77 00:04:13,440 --> 00:04:16,960 Speaker 3: need to stand up. People need to know courage of 78 00:04:16,960 --> 00:04:20,600 Speaker 3: their damn convictions. We're the two hundred and fifteth anniversary 79 00:04:21,040 --> 00:04:22,600 Speaker 3: the United States of America. This year it's a two 80 00:04:22,680 --> 00:04:25,320 Speaker 3: hundred and fiftieth anniversary. The best of the Roman Republic, 81 00:04:25,360 --> 00:04:28,960 Speaker 3: Greek democracy, co equal branches, the government, the rule of law, 82 00:04:29,080 --> 00:04:33,520 Speaker 3: popular sovereignty. Tell me that that reflects the America you 83 00:04:33,560 --> 00:04:36,760 Speaker 3: read about today. There's no rule of low. Its the 84 00:04:36,839 --> 00:04:41,640 Speaker 3: rule of dawn. I hope it's hoping for Europeans, that's dawning. 85 00:04:41,720 --> 00:04:45,039 Speaker 2: On you. It's not the rule of law. 86 00:04:45,080 --> 00:04:47,279 Speaker 3: You don't have co equal branches of government, you have 87 00:04:47,279 --> 00:04:49,679 Speaker 3: a supine Congress, you don't have a Speaker of the House. 88 00:04:50,400 --> 00:04:53,800 Speaker 3: It doesn't exist popular sovereignty and be challenged every single 89 00:04:53,839 --> 00:04:57,640 Speaker 3: day by voter suppression, trying to reag elections. I mean, heck, 90 00:04:57,760 --> 00:05:00,960 Speaker 3: Donald Trump tried to steal the election the last election, 91 00:05:01,080 --> 00:05:04,760 Speaker 3: tried to light democracy on fire and then pardoned everyone 92 00:05:04,760 --> 00:05:08,520 Speaker 3: that participated in that. Is anyone paying attention to what 93 00:05:08,560 --> 00:05:10,839 Speaker 3: the hell is going on in the United States of America. 94 00:05:11,160 --> 00:05:13,920 Speaker 3: So my state of mind is a little different, perhaps 95 00:05:14,200 --> 00:05:17,360 Speaker 3: than many others. I won't be complicit at this moment. 96 00:05:18,200 --> 00:05:20,440 Speaker 2: I won't. I can't. I can't look my kids in 97 00:05:20,480 --> 00:05:20,880 Speaker 2: the eyes. 98 00:05:21,200 --> 00:05:25,200 Speaker 3: And so I'm just blessed that I get to represent 99 00:05:25,800 --> 00:05:27,840 Speaker 3: a state that's larger than the size of twenty one 100 00:05:28,240 --> 00:05:31,520 Speaker 3: US states combined, where twenty seven percent of us are 101 00:05:31,520 --> 00:05:33,839 Speaker 3: foreign born, where we practice paralism. That's a word you 102 00:05:33,839 --> 00:05:37,240 Speaker 3: haven't heard in America in a year, where we dominate 103 00:05:37,640 --> 00:05:40,480 Speaker 3: in every critical category in terms of energy and daring 104 00:05:40,520 --> 00:05:42,040 Speaker 3: and entrepreneurialism and innovation. 105 00:05:43,040 --> 00:05:44,880 Speaker 2: And look, give me a category. 106 00:05:45,160 --> 00:05:48,159 Speaker 3: In California, I performs fourth largest economy in the world, 107 00:05:48,279 --> 00:05:50,160 Speaker 3: and so we can punch above our weight. 108 00:05:50,440 --> 00:05:52,320 Speaker 2: We can come here with formal authority and a little 109 00:05:52,320 --> 00:05:53,040 Speaker 2: moral authority. 110 00:05:53,040 --> 00:05:55,240 Speaker 3: And I tell you we need a little moral authority 111 00:05:55,800 --> 00:05:57,600 Speaker 3: our body politic in the United States of. 112 00:05:57,560 --> 00:06:00,880 Speaker 2: America today, Governor, how do you morning everybody? 113 00:06:00,880 --> 00:06:10,040 Speaker 1: Sorry, yeah, I figured we would. Yeah, you're you're you're 114 00:06:10,040 --> 00:06:10,960 Speaker 1: a tough interview governor. 115 00:06:11,000 --> 00:06:11,200 Speaker 3: The uh. 116 00:06:12,240 --> 00:06:16,880 Speaker 1: Yeah, And when I think you have chosen us sort 117 00:06:16,880 --> 00:06:19,520 Speaker 1: of if you can't beat them, join them strategy to 118 00:06:19,560 --> 00:06:21,640 Speaker 1: the way you're talking about this stuff you talk, you know, 119 00:06:21,680 --> 00:06:24,920 Speaker 1: you you know you're you're running around distributing knee pads 120 00:06:24,920 --> 00:06:28,320 Speaker 1: to CEOs and I think it does and it does 121 00:06:28,600 --> 00:06:31,080 Speaker 1: have a few if you like, you know, and honestly 122 00:06:31,120 --> 00:06:32,320 Speaker 1: it sounds and by. 123 00:06:32,200 --> 00:06:34,240 Speaker 3: The way, I'm not kidding. They're the new Trumps signature 124 00:06:34,279 --> 00:06:38,320 Speaker 3: series pads. Yeah, and they are available online. I told 125 00:06:38,360 --> 00:06:39,679 Speaker 3: you the last one sold out. 126 00:06:40,880 --> 00:06:43,560 Speaker 2: And uh and I just want to sit a serious 127 00:06:43,560 --> 00:06:46,280 Speaker 2: moment it actually we laugh. Uh. 128 00:06:46,320 --> 00:06:49,040 Speaker 3: Anyway, these are available and in bulk too. 129 00:06:49,320 --> 00:06:50,479 Speaker 1: But I want I want to read you a couple 130 00:06:50,520 --> 00:06:52,320 Speaker 1: of things the US government has said about you in 131 00:06:52,320 --> 00:06:53,680 Speaker 1: the last twenty four hours or so. 132 00:06:54,240 --> 00:06:54,520 Speaker 2: There. 133 00:06:54,760 --> 00:06:58,440 Speaker 1: The US government, the Treasury secretary put the Treasury Secretary 134 00:06:58,480 --> 00:07:01,640 Speaker 1: described you as Patrick Bateman and meets Sparkle beach Ken. 135 00:07:02,279 --> 00:07:03,039 Speaker 2: The White House. 136 00:07:02,839 --> 00:07:08,280 Speaker 3: Communication was this, That was the US Secretary of Treasure. 137 00:07:08,320 --> 00:07:09,880 Speaker 2: I have a couple more and then and then you 138 00:07:09,880 --> 00:07:10,480 Speaker 2: can respond. 139 00:07:10,800 --> 00:07:14,720 Speaker 1: The White House Communications respect director called you Gavin Nuskum 140 00:07:14,880 --> 00:07:18,720 Speaker 1: and a and an official White House account, you know, 141 00:07:18,880 --> 00:07:21,520 Speaker 1: the federal government account described you with a i'd say, 142 00:07:21,600 --> 00:07:24,080 Speaker 1: very online sexual slur. The people here probably don't want 143 00:07:24,080 --> 00:07:25,960 Speaker 1: to hear a day thirty in the morning, and you're 144 00:07:26,120 --> 00:07:30,280 Speaker 1: in some sense responding in kind. And do you think 145 00:07:30,760 --> 00:07:32,920 Speaker 1: should you? I mean, is that kind of discourse from 146 00:07:32,960 --> 00:07:34,200 Speaker 1: you from them good for America? 147 00:07:34,280 --> 00:07:37,280 Speaker 3: Oh, it's deeply unbecoming. Come on, of course it is. 148 00:07:37,320 --> 00:07:39,720 Speaker 3: It's not what we should be doing. But you've got 149 00:07:39,760 --> 00:07:41,440 Speaker 3: to point out the absurdity. You got to put a 150 00:07:41,480 --> 00:07:43,560 Speaker 3: mirror up to this. This is madness. 151 00:07:44,000 --> 00:07:44,400 Speaker 2: President. 152 00:07:45,160 --> 00:07:48,040 Speaker 3: You see what he's saying about European leaders. You talking 153 00:07:48,080 --> 00:07:51,200 Speaker 3: down to people, talking past people. I mean, look the 154 00:07:51,240 --> 00:07:54,000 Speaker 3: comments he made yesterday. We're not even discussing because you're 155 00:07:54,000 --> 00:07:56,960 Speaker 3: discussing all the other comments about windmills or whatever else 156 00:07:57,240 --> 00:08:01,240 Speaker 3: that was happening. Well, he talked about somaliasmmunity. This is 157 00:08:01,400 --> 00:08:04,080 Speaker 3: not normal, the deviation of normalcy. 158 00:08:04,440 --> 00:08:05,400 Speaker 2: We've got to call it out. 159 00:08:05,440 --> 00:08:07,400 Speaker 3: So I put a mirror up to Trump and Trumps 160 00:08:07,440 --> 00:08:11,160 Speaker 3: in all caps, and it was ironic because Pravda, Fox 161 00:08:11,200 --> 00:08:12,920 Speaker 3: News in America, others do. 162 00:08:13,160 --> 00:08:15,560 Speaker 2: They got offended by it. They said, well, where's. 163 00:08:15,280 --> 00:08:18,400 Speaker 3: His mother to wash his mouth out with soap? I said, 164 00:08:18,520 --> 00:08:20,840 Speaker 3: where the hell have you been. You've never said a 165 00:08:20,880 --> 00:08:24,640 Speaker 3: word about Trump dressing up. It's the pope tweeting out 166 00:08:24,960 --> 00:08:28,160 Speaker 3: and cosplaying on the world stage. And so look, the 167 00:08:28,200 --> 00:08:31,360 Speaker 3: Treasury is secretary talked about a Barbie doll. It was 168 00:08:31,400 --> 00:08:33,840 Speaker 3: as if he was reading a diary and had just 169 00:08:33,880 --> 00:08:36,880 Speaker 3: broken up with someone. I mean, that was his Secretary 170 00:08:36,880 --> 00:08:40,520 Speaker 3: of Treasury using valuable time yesterday on the world stage 171 00:08:41,240 --> 00:08:43,560 Speaker 3: some sexual Thank you for not sharing that on the 172 00:08:43,600 --> 00:08:45,240 Speaker 3: official White House account. 173 00:08:45,720 --> 00:08:47,040 Speaker 2: We're deeply in their head. 174 00:08:47,080 --> 00:08:50,040 Speaker 3: I think the affordability agenda appears to be I'm living 175 00:08:50,080 --> 00:08:51,760 Speaker 3: rent free in the Trump's head. 176 00:08:51,840 --> 00:08:52,960 Speaker 2: Trump administration said. 177 00:08:55,559 --> 00:08:59,520 Speaker 1: The most talked about speech here in Davos actually isn't 178 00:08:59,640 --> 00:09:01,520 Speaker 1: what was Donald Trump's address yesterday. 179 00:09:01,520 --> 00:09:02,599 Speaker 2: It was it was the. 180 00:09:02,480 --> 00:09:08,320 Speaker 1: Canadian Prime minister. It was Canadian Prime Minister Mark Karney. 181 00:09:08,360 --> 00:09:11,040 Speaker 1: The day before who talked about I don't know in 182 00:09:11,360 --> 00:09:13,880 Speaker 1: large terms of bit in the Middle Powers, everybody except 183 00:09:13,920 --> 00:09:16,520 Speaker 1: for for for China and the US, we had to 184 00:09:16,679 --> 00:09:19,559 Speaker 1: adapt permanently to a world without American leadership. 185 00:09:20,160 --> 00:09:20,960 Speaker 2: I guess I wonder. 186 00:09:20,960 --> 00:09:22,920 Speaker 1: I mean, that's in some sense a pretty anti American 187 00:09:23,000 --> 00:09:24,920 Speaker 1: point of view. That's that's a view that America is 188 00:09:25,000 --> 00:09:27,199 Speaker 1: gone from the world stage. That whether the next president 189 00:09:27,280 --> 00:09:30,360 Speaker 1: is jd Vance, Gavin Newsom, somebody else, this isn't a deviation, 190 00:09:30,400 --> 00:09:31,400 Speaker 1: as you said, this is permanent. 191 00:09:32,000 --> 00:09:34,040 Speaker 2: By that, Do you buy Carne's. 192 00:09:33,960 --> 00:09:36,160 Speaker 3: I was, you know, I felt there was moments and 193 00:09:36,200 --> 00:09:39,120 Speaker 3: forgive me it, I should be cautious making the statement. 194 00:09:39,160 --> 00:09:41,400 Speaker 3: I don't want it to be over analyzed. But when 195 00:09:41,400 --> 00:09:45,440 Speaker 3: I was listening to EU president speak, there were moments 196 00:09:45,440 --> 00:09:48,640 Speaker 3: where I said, that used to be US. I used 197 00:09:48,640 --> 00:09:52,640 Speaker 3: to I remember that. So am I surprised by what 198 00:09:52,720 --> 00:09:54,200 Speaker 3: Carney did quite the contract. 199 00:09:54,200 --> 00:09:55,600 Speaker 2: I thought it was I had more. 200 00:09:55,760 --> 00:09:58,920 Speaker 3: Leaders from the United States quietly, so I mean not publicly, 201 00:10:00,040 --> 00:10:05,240 Speaker 3: a publicly the transcript of that speech saying wow, they 202 00:10:05,280 --> 00:10:07,520 Speaker 3: were I mean god in Trump said yesterday he had 203 00:10:07,559 --> 00:10:07,840 Speaker 3: brought it. 204 00:10:07,880 --> 00:10:08,480 Speaker 2: He brought it up. 205 00:10:08,679 --> 00:10:10,960 Speaker 3: You know everything about Trump because it's what's not in 206 00:10:11,000 --> 00:10:13,319 Speaker 3: the teleprompter. It tells you everything you need to know 207 00:10:13,440 --> 00:10:14,560 Speaker 3: about where Trump's at. 208 00:10:14,520 --> 00:10:15,079 Speaker 2: Is on things. 209 00:10:16,040 --> 00:10:19,800 Speaker 3: It was incredibly effective. The markets were more effective markets. 210 00:10:20,320 --> 00:10:22,760 Speaker 3: It's not mother Nature, thought the most powerful force on 211 00:10:22,800 --> 00:10:25,280 Speaker 3: earth with mother Nature, but it's the markets, particularly the 212 00:10:25,320 --> 00:10:28,880 Speaker 3: Trump administration. Combine that with the comments of Macrome, find 213 00:10:28,880 --> 00:10:31,800 Speaker 3: that with the EU Commission, but the clarity that came 214 00:10:32,080 --> 00:10:34,920 Speaker 3: from Prime Minister of Canada, but the fact that he 215 00:10:35,000 --> 00:10:39,760 Speaker 3: went to China came back with a deal, started introducing 216 00:10:39,800 --> 00:10:44,880 Speaker 3: low costs, high quality electric vehicles not made in Michigan Detroit, 217 00:10:45,640 --> 00:10:49,560 Speaker 3: but overseas into Canada. It says everything you know about 218 00:10:49,600 --> 00:10:55,360 Speaker 3: the recklessness of America's foreign policy. Everything you need to know, 219 00:10:55,480 --> 00:10:59,160 Speaker 3: you know it intimately. But it's a remarkable thing to 220 00:10:59,280 --> 00:11:02,640 Speaker 3: break down eighty plus years of alliances. Takes decades and 221 00:11:02,679 --> 00:11:06,080 Speaker 3: decades to build trust in organizations, to architecture of that. 222 00:11:06,400 --> 00:11:11,079 Speaker 2: It takes weeks, tweets, hours, minutes sometimes to destroy it. 223 00:11:11,720 --> 00:11:13,400 Speaker 2: Destruction is not strength. 224 00:11:14,040 --> 00:11:18,760 Speaker 3: The Trump administration is weakness masquerading as strength, and people 225 00:11:18,800 --> 00:11:22,480 Speaker 3: need to understand that. That's reflected in the tweets, that's 226 00:11:22,520 --> 00:11:26,280 Speaker 3: reflected in canceling people that's reflected in sending mass Man 227 00:11:26,400 --> 00:11:29,680 Speaker 3: into the American cities. It's reflected at this moment. So 228 00:11:29,800 --> 00:11:34,079 Speaker 3: I respect what CARNEI did because he had kurds of convictions. 229 00:11:34,080 --> 00:11:37,120 Speaker 3: He stood up, and I think we need to stand 230 00:11:37,160 --> 00:11:39,679 Speaker 3: up in America and call this out with clarity. We 231 00:11:39,720 --> 00:11:42,480 Speaker 3: can lose our republic as we know it. Our country 232 00:11:42,480 --> 00:11:46,520 Speaker 3: came out unrecognizable in a matter of months, just not years. 233 00:11:47,040 --> 00:11:51,440 Speaker 3: It is code read, blinking read in the United States 234 00:11:51,440 --> 00:11:52,000 Speaker 3: of America. 235 00:11:52,160 --> 00:11:54,800 Speaker 2: So forgive me. I feel this with. 236 00:11:54,840 --> 00:11:58,720 Speaker 3: Passion, some indignancy as someone frankly has taken it for 237 00:11:58,800 --> 00:12:01,280 Speaker 3: granted all of the years. And it's why I came 238 00:12:01,320 --> 00:12:03,920 Speaker 3: here to Davos to call it out. And I wish 239 00:12:03,920 --> 00:12:06,640 Speaker 3: there were more of us doing the same, because there 240 00:12:06,679 --> 00:12:10,120 Speaker 3: are more of us, and on that, I just forgive me. 241 00:12:10,480 --> 00:12:13,520 Speaker 3: I want you to know Donald Trump is an historic president. 242 00:12:13,559 --> 00:12:18,920 Speaker 3: That's absolutely correct. He's historically unpopular in the United States 243 00:12:18,960 --> 00:12:24,240 Speaker 3: of America in every category. He's underwater. He will be 244 00:12:24,320 --> 00:12:28,280 Speaker 3: remembered in years, not decades. He's not going to run again. 245 00:12:28,360 --> 00:12:31,080 Speaker 3: Time of life denies that, not a state of mind, 246 00:12:31,520 --> 00:12:36,440 Speaker 3: but time of my life. But we need to manifest that, 247 00:12:37,160 --> 00:12:39,760 Speaker 3: and we need to do the hard work, and that 248 00:12:39,880 --> 00:12:43,080 Speaker 3: hard work includes the difficult work of coming to Davos 249 00:12:43,240 --> 00:12:45,199 Speaker 3: and calling that out. This is not where I want 250 00:12:45,240 --> 00:12:46,520 Speaker 3: to be spending I love you. 251 00:12:46,480 --> 00:12:47,640 Speaker 2: All my time. 252 00:12:48,880 --> 00:12:53,360 Speaker 3: And so anyway, it's an extension of the conviction that 253 00:12:53,360 --> 00:12:54,400 Speaker 3: feel about trying. 254 00:12:54,400 --> 00:12:56,280 Speaker 1: A lot of people among Athen's aren't American and maybe 255 00:12:56,280 --> 00:12:58,720 Speaker 1: be concerned for America, but are making decisions about their 256 00:12:58,720 --> 00:13:01,880 Speaker 1: own politics, their own countries. What Carney's core point was, 257 00:13:02,080 --> 00:13:04,959 Speaker 1: this is a rupture, This isn't an anomaly. Yeah, and 258 00:13:05,280 --> 00:13:07,200 Speaker 1: there's no going back. And do you think that, I mean, 259 00:13:07,240 --> 00:13:09,000 Speaker 1: do you think there's always from an American leader? 260 00:13:09,080 --> 00:13:12,160 Speaker 3: Yes, can bring I think I think these relationships are 261 00:13:12,160 --> 00:13:15,880 Speaker 3: in dormancy, They're not dead. I don't use those binary terms. 262 00:13:16,600 --> 00:13:20,439 Speaker 3: Don't don't. Don't fall prey to that. That's a bit hyperbolic, 263 00:13:20,480 --> 00:13:24,440 Speaker 3: and I'm prone to a little that at times. Uh, dormancy, 264 00:13:25,400 --> 00:13:30,400 Speaker 3: we can read he's an invasive species, Donald Trump, He's not. 265 00:13:30,640 --> 00:13:31,839 Speaker 2: He is. Uh. 266 00:13:31,960 --> 00:13:34,600 Speaker 3: He took over the Republican Party. They're just I mean, 267 00:13:35,320 --> 00:13:38,640 Speaker 3: he's got you know a few of them. Lindsey Graham, 268 00:13:38,679 --> 00:13:43,760 Speaker 3: I mean to speak, you know, the kneepads. Uh, I'm sorry, 269 00:13:44,240 --> 00:13:49,160 Speaker 3: this is tough stuff. It's tough stuff. I don't recognize 270 00:13:49,200 --> 00:13:53,760 Speaker 3: these people any longer. I used to respect Lindsay. I mean, Lindsey, 271 00:13:53,840 --> 00:13:56,280 Speaker 3: you think what I'm saying about Trump's tough? How about 272 00:13:56,320 --> 00:13:59,080 Speaker 3: what Lindsay Graham said about Trump? How about the Secretary 273 00:13:59,120 --> 00:14:02,160 Speaker 3: of State Marco Rupe? You do you think this is 274 00:14:02,360 --> 00:14:06,280 Speaker 3: these are the same people, and this is why we 275 00:14:06,720 --> 00:14:08,920 Speaker 3: for things to change, we need to change. You think 276 00:14:08,960 --> 00:14:12,160 Speaker 3: that's why I'm changing my approach and again gratefully altered. 277 00:14:12,400 --> 00:14:14,160 Speaker 1: I mean, I suppose do you think post Trump, there's 278 00:14:14,160 --> 00:14:15,880 Speaker 1: a path back? Because you see it's ever to kind 279 00:14:15,880 --> 00:14:19,080 Speaker 1: of insult politics that you're doing here, which you see 280 00:14:19,120 --> 00:14:20,160 Speaker 1: you said you don't really enjoy it. 281 00:14:20,200 --> 00:14:21,600 Speaker 2: You kind of see them too. I just putting a 282 00:14:21,600 --> 00:14:22,080 Speaker 2: mirror up. 283 00:14:22,320 --> 00:14:25,640 Speaker 3: No, I just you gotta I was doing my ten 284 00:14:25,680 --> 00:14:27,760 Speaker 3: point plans before, and I don't think any of you 285 00:14:27,760 --> 00:14:29,600 Speaker 3: would have been here this morning had I done that. 286 00:14:29,640 --> 00:14:30,440 Speaker 2: Oh, they would have been here. 287 00:14:30,600 --> 00:14:34,240 Speaker 3: No, because it just it wasn't working. Everyone's trying to 288 00:14:34,240 --> 00:14:34,960 Speaker 3: figure this out. 289 00:14:34,960 --> 00:14:36,240 Speaker 2: How do you Mark Carney crowd? 290 00:14:36,320 --> 00:14:38,360 Speaker 3: Yeah, but it's how do you how do you? How 291 00:14:38,400 --> 00:14:44,000 Speaker 3: do you communicate? How do you respond to this moment? 292 00:14:44,800 --> 00:14:47,600 Speaker 3: And it's for me, it's about iteration, it's an entrepreneurial spirit. 293 00:14:47,640 --> 00:14:49,400 Speaker 2: It's a very California mindset. 294 00:14:49,640 --> 00:14:51,520 Speaker 3: You got to keep increasing the number of tries, and 295 00:14:51,560 --> 00:14:54,320 Speaker 3: I was trying everything one working, wasn't breaking through. Democratic 296 00:14:54,320 --> 00:14:57,200 Speaker 3: Party were at large wasn't breaking through. And we decided 297 00:14:57,240 --> 00:14:59,400 Speaker 3: the only way to address Trump is quite literally to 298 00:14:59,440 --> 00:15:02,400 Speaker 3: fight fire fire. I did an initiative PROP fifty in 299 00:15:02,440 --> 00:15:05,360 Speaker 3: California was to reflect the fact that Donald Trump called 300 00:15:05,560 --> 00:15:08,520 Speaker 3: an American politician and said in the middle of the 301 00:15:08,560 --> 00:15:12,760 Speaker 3: decade to the governor of the state of Texas, I 302 00:15:12,800 --> 00:15:16,400 Speaker 3: am entitled Greg Abbott to five seats, and I need 303 00:15:16,440 --> 00:15:20,680 Speaker 3: you to redraw district lines mid year, redistrict to rig 304 00:15:21,080 --> 00:15:24,280 Speaker 3: the twenty twenty sixth election before one vote is cast. 305 00:15:24,440 --> 00:15:26,840 Speaker 3: What the Trump administration expected, we were going to do, 306 00:15:27,000 --> 00:15:31,360 Speaker 3: as good Democrats do. We might write an ophed and 307 00:15:31,400 --> 00:15:33,960 Speaker 3: we may all go out and just say this is 308 00:15:34,040 --> 00:15:36,160 Speaker 3: just so wrong, and all of us would be applauding 309 00:15:36,200 --> 00:15:40,520 Speaker 3: and say it's yes, yes, you know, as he's consolidating power. Instead, 310 00:15:40,560 --> 00:15:43,640 Speaker 3: we went out and we redraw our maps, and we 311 00:15:43,680 --> 00:15:46,120 Speaker 3: also drew a line in the sand. And I think 312 00:15:46,160 --> 00:15:50,520 Speaker 3: that's what's required at this moment. And he sesses out 313 00:15:50,560 --> 00:15:53,520 Speaker 3: weakness like no one else. That's his great strength, that's 314 00:15:53,560 --> 00:15:59,920 Speaker 3: his gift. But you punch back, you fight fire with fire, 315 00:16:00,640 --> 00:16:04,600 Speaker 3: you display conviction and strength. It's a different relationship, and 316 00:16:04,640 --> 00:16:07,640 Speaker 3: so my relationship to this moment is reflected in that 317 00:16:08,040 --> 00:16:10,720 Speaker 3: I'm not naive. These guys are going to try to 318 00:16:10,760 --> 00:16:15,240 Speaker 3: take me down, not just my state. I'm not naive 319 00:16:15,800 --> 00:16:18,160 Speaker 3: about what I've said this morning and how that will 320 00:16:18,200 --> 00:16:21,280 Speaker 3: be reflected in the official White House account. I'm not 321 00:16:21,480 --> 00:16:25,480 Speaker 3: naive about the fact that he threatened to prosecute the 322 00:16:25,520 --> 00:16:28,040 Speaker 3: FED chief in the United States of America that's had 323 00:16:28,080 --> 00:16:33,040 Speaker 3: subpoena against another sitting governor, Tim Waltz, who's literally going 324 00:16:33,080 --> 00:16:36,080 Speaker 3: after his enemies with the FBI and the DOJ and 325 00:16:36,120 --> 00:16:37,200 Speaker 3: these power ministries. 326 00:16:37,720 --> 00:16:41,480 Speaker 2: I'm not naive about any of this. I'm not naive about. 327 00:16:41,280 --> 00:16:44,840 Speaker 3: The corruption and the graft at scale we've never seen 328 00:16:44,840 --> 00:16:48,760 Speaker 3: in American history. I'm not naive about folks writing billion 329 00:16:48,840 --> 00:16:53,280 Speaker 3: dollar checks to Wick Coough, to Jared Kushner for this 330 00:16:53,360 --> 00:16:56,360 Speaker 3: new piece deal they're announcing today. I'm not naive about 331 00:16:56,360 --> 00:16:58,120 Speaker 3: the fact that President United States made a billion and 332 00:16:58,160 --> 00:17:01,560 Speaker 3: a half plus dollars in the last twelve months. Personally, 333 00:17:02,960 --> 00:17:05,280 Speaker 3: how are the hell are we putting up with this? 334 00:17:06,840 --> 00:17:11,280 Speaker 3: We have to call this out unprecedented in American history, 335 00:17:11,800 --> 00:17:16,119 Speaker 3: happening in real time on our watch. We have to 336 00:17:16,160 --> 00:17:19,560 Speaker 3: be held to a higher level, all of us, myself notably, 337 00:17:19,800 --> 00:17:22,520 Speaker 3: to a higher level of accountability at this moment. 338 00:17:22,920 --> 00:17:32,480 Speaker 1: And and and you know, one of I think one 339 00:17:32,480 --> 00:17:34,720 Speaker 1: of the main reasons that you know that that he 340 00:17:34,800 --> 00:17:37,399 Speaker 1: has been successful is because the Democratic Party is so 341 00:17:37,480 --> 00:17:40,720 Speaker 1: discredited in the eyes of so many voters. I have 342 00:17:40,720 --> 00:17:42,840 Speaker 1: a couple of questions about that. One is big picture 343 00:17:42,880 --> 00:17:46,119 Speaker 1: about California people. You know, you're in the midst of 344 00:17:46,160 --> 00:17:49,480 Speaker 1: a you know, enormous economic boom right now, and yet 345 00:17:49,480 --> 00:17:52,439 Speaker 1: the state is on one hand running deficits and on 346 00:17:52,480 --> 00:17:56,159 Speaker 1: the other not always delivering services that it's you know, 347 00:17:56,200 --> 00:17:59,120 Speaker 1: from education to healthcare that your citizens are delighted with. 348 00:17:59,720 --> 00:18:02,080 Speaker 1: And I I guess I wonder, how can you know, 349 00:18:02,119 --> 00:18:05,200 Speaker 1: how are voters looking at California, looking at New York, 350 00:18:05,200 --> 00:18:08,840 Speaker 1: looking at Chicago, you know, supposed to say, yeah, this 351 00:18:08,880 --> 00:18:09,920 Speaker 1: is the model world we want. 352 00:18:10,280 --> 00:18:11,800 Speaker 2: Well, I brought them my state. 353 00:18:11,880 --> 00:18:13,960 Speaker 3: We have more fortune, five hundred companies in another state 354 00:18:13,960 --> 00:18:17,399 Speaker 3: in America, more scientists, engineers, more, more noble laureates my 355 00:18:17,520 --> 00:18:20,119 Speaker 3: state than the state in America. The finest system of 356 00:18:20,200 --> 00:18:24,399 Speaker 3: higher public education in the world. We have eighteen percent 357 00:18:24,400 --> 00:18:26,720 Speaker 3: of the world's R and D China twenty two percent, 358 00:18:26,760 --> 00:18:30,000 Speaker 3: Germany twenty one California eighteen percent of the world are 359 00:18:30,080 --> 00:18:32,000 Speaker 3: in D where the center of the universe as it 360 00:18:32,000 --> 00:18:33,000 Speaker 3: relates to AI. 361 00:18:34,520 --> 00:18:36,600 Speaker 2: Fiftel. But what about the governance, Well. 362 00:18:36,520 --> 00:18:39,840 Speaker 3: The governance with one of the lowest ensured rates in America. 363 00:18:39,880 --> 00:18:42,840 Speaker 3: You mentioned healthcare. We just did our State of Education 364 00:18:42,960 --> 00:18:46,680 Speaker 3: report which showed in every category, every classroom making progress 365 00:18:46,680 --> 00:18:48,880 Speaker 3: with our test scores. Our investments are paying off. 366 00:18:48,960 --> 00:18:50,560 Speaker 1: Just did a big state of the state idea that 367 00:18:50,560 --> 00:18:53,879 Speaker 1: these blue states have trouble. You know, are are spending 368 00:18:53,920 --> 00:18:54,840 Speaker 1: more for less results. 369 00:18:54,920 --> 00:18:59,719 Speaker 3: I don't know, higher life expenses expect see lower infant mortality, 370 00:19:00,359 --> 00:19:05,560 Speaker 3: lower gun death rates, more productivity, higher wages, higher quality 371 00:19:05,600 --> 00:19:09,359 Speaker 3: of life. Eighty three point one billion dollars. That was 372 00:19:09,400 --> 00:19:14,160 Speaker 3: the net contribution that we provided to the federal government 373 00:19:14,240 --> 00:19:16,880 Speaker 3: versus red state like Texas that was a taker state 374 00:19:16,920 --> 00:19:19,920 Speaker 3: of seventy three point one billion dollars. So we're producing 375 00:19:19,960 --> 00:19:23,880 Speaker 3: more and people are I think creating more opportunities. 376 00:19:23,880 --> 00:19:25,200 Speaker 2: So, look, are there problems. 377 00:19:25,520 --> 00:19:27,280 Speaker 1: For instance, you're supporting the mayor of la for re 378 00:19:27,359 --> 00:19:30,480 Speaker 1: election after these these terrible fires that a lot of 379 00:19:30,560 --> 00:19:32,320 Speaker 1: you know, a lot of your citizens do feel was 380 00:19:32,840 --> 00:19:34,720 Speaker 1: part in part because of government mismanagement. 381 00:19:34,880 --> 00:19:37,200 Speaker 2: Do you just reject that narrative that the government doesn't anything. 382 00:19:37,440 --> 00:19:40,960 Speaker 3: I absolutely accept that we all should be held to 383 00:19:41,000 --> 00:19:43,320 Speaker 3: a higher level of accountability in terms of our governance. 384 00:19:43,320 --> 00:19:45,800 Speaker 3: And I think there's many areas of reforms that are necessary, 385 00:19:46,080 --> 00:19:48,240 Speaker 3: so many areas of reforms that were underway. We can 386 00:19:48,280 --> 00:19:50,439 Speaker 3: get into the specifics of any one of these issues. 387 00:19:50,800 --> 00:19:53,040 Speaker 3: But the general notion that in the middle of winter 388 00:19:53,440 --> 00:19:55,760 Speaker 3: with one hundred mile an hour winds were attached to 389 00:19:55,800 --> 00:19:59,560 Speaker 3: a fire that somehow, by the way, there were sixteen 390 00:19:59,640 --> 00:20:04,120 Speaker 3: major fires in southern California over a two week period, 391 00:20:04,400 --> 00:20:08,280 Speaker 3: that somehow that had to do with fire hydrants is 392 00:20:08,400 --> 00:20:11,119 Speaker 3: rather preposterous. And it was shape shift because of the 393 00:20:11,119 --> 00:20:14,919 Speaker 3: complete bullshit that came from Donald Trump and Elon Musk 394 00:20:15,560 --> 00:20:19,119 Speaker 3: saying somehow the sprinklers didn't work and the fire hydrants 395 00:20:19,119 --> 00:20:21,600 Speaker 3: didn't work because we didn't turn on a valve in 396 00:20:21,680 --> 00:20:26,160 Speaker 3: northern California. These are literal words from the Trump administration. 397 00:20:26,760 --> 00:20:28,120 Speaker 2: So I do reject that. 398 00:20:28,800 --> 00:20:31,280 Speaker 3: Do I reject this notion of being self critical about 399 00:20:31,320 --> 00:20:33,640 Speaker 3: governance and management across the spectrum? 400 00:20:33,680 --> 00:20:34,920 Speaker 2: No, that's fair game. 401 00:20:35,359 --> 00:20:39,119 Speaker 1: And probably the biggest governance issue policy issue fueling right 402 00:20:39,119 --> 00:20:42,440 Speaker 1: wing parties in the United States around the country is immigration. 403 00:20:42,600 --> 00:20:45,760 Speaker 1: And I think liberal parties, again in the US and 404 00:20:45,800 --> 00:20:49,760 Speaker 1: around the world, had a posture of welcome, welcoming immigrants 405 00:20:49,760 --> 00:20:51,800 Speaker 1: that it just turned out a lot of Americans, a 406 00:20:51,840 --> 00:20:56,480 Speaker 1: lot of Californians, but more Americans are unhappy with illegal immigration, 407 00:20:56,560 --> 00:21:00,800 Speaker 1: the out of control border. But also it's the last 408 00:21:00,800 --> 00:21:03,120 Speaker 1: issue on which Trump, though his numbers have been sliding, 409 00:21:03,160 --> 00:21:05,800 Speaker 1: remained somewhat popular. And I guess, I wonder do you 410 00:21:05,840 --> 00:21:09,120 Speaker 1: think do you think that your party went too far 411 00:21:09,320 --> 00:21:11,440 Speaker 1: or that you went too far? And I think, for instance, 412 00:21:11,480 --> 00:21:16,800 Speaker 1: you know, in extending medical to the California Healthcare Program 413 00:21:16,840 --> 00:21:19,920 Speaker 1: to undocumented immigrants, like, do you well, I guess on 414 00:21:20,000 --> 00:21:21,840 Speaker 1: the big picture. In the small picture, yeah, I feel 415 00:21:21,840 --> 00:21:22,560 Speaker 1: like you went too far. 416 00:21:22,680 --> 00:21:23,560 Speaker 2: Two different questions. 417 00:21:23,760 --> 00:21:26,000 Speaker 3: Do I believe in universal health care, Yes, regardless of 418 00:21:26,000 --> 00:21:28,919 Speaker 3: pre existing conditions, ability to pay, and your status. I 419 00:21:29,119 --> 00:21:31,600 Speaker 3: campaign on that, we delivered on that, and I'm proud 420 00:21:31,600 --> 00:21:34,040 Speaker 3: of that. We're one of sixteen states to provide care 421 00:21:34,080 --> 00:21:36,199 Speaker 3: to people regardless of immigration status. By the way, we 422 00:21:36,240 --> 00:21:39,000 Speaker 3: have universal care in emergency rooms, and you pay the 423 00:21:39,000 --> 00:21:41,840 Speaker 3: price on the back end at least Americans for that, 424 00:21:41,920 --> 00:21:46,399 Speaker 3: regardless your immigration status. But the issue of immigration, Toronald 425 00:21:46,440 --> 00:21:49,199 Speaker 3: Trump is very unpopular in immigration. He's successful on the 426 00:21:49,240 --> 00:21:53,600 Speaker 3: border separate issue connected. And yes, the Democratic Party failed 427 00:21:53,840 --> 00:21:55,760 Speaker 3: the last few years on the border, and yes I 428 00:21:55,800 --> 00:21:57,520 Speaker 3: was critical of that, and yes, I. 429 00:21:57,480 --> 00:22:00,280 Speaker 2: Put our own national Guard on the border. 430 00:22:00,040 --> 00:22:02,800 Speaker 3: Of the day I got elected into office in twenty nineteen, 431 00:22:02,840 --> 00:22:05,080 Speaker 3: sent three hundred and ninety four National Guard down to 432 00:22:05,119 --> 00:22:07,679 Speaker 3: the border, and we were very, very pointed with the 433 00:22:07,920 --> 00:22:11,640 Speaker 3: Biden administration that we were failing to deliver border security 434 00:22:11,680 --> 00:22:14,639 Speaker 3: for a number of years. On the larger immigration issue, 435 00:22:15,080 --> 00:22:17,679 Speaker 3: I happened to share the same old office of Ronald Reagan, 436 00:22:17,960 --> 00:22:20,919 Speaker 3: governor of California, who decided in his last day in 437 00:22:21,000 --> 00:22:23,200 Speaker 3: office at the White House, and he gave a love 438 00:22:23,280 --> 00:22:25,360 Speaker 3: letter to immigrants from around the world, was love letter 439 00:22:25,400 --> 00:22:28,080 Speaker 3: in America and what distinguished is America from the rest 440 00:22:28,160 --> 00:22:31,520 Speaker 3: of the globe. He talked about Lady Torch, Lady Liberty's torch, 441 00:22:32,320 --> 00:22:36,080 Speaker 3: and he talked about the vibrancy of newcomers, people coming 442 00:22:36,119 --> 00:22:38,920 Speaker 3: all over the globe for riches and new beginnings, becoming 443 00:22:38,960 --> 00:22:43,239 Speaker 3: Americans and what defines our great nation. And that's the 444 00:22:43,280 --> 00:22:46,840 Speaker 3: spirit that defines my mindset. Getting first round draft choices 445 00:22:46,840 --> 00:22:49,240 Speaker 3: around the rest of the world is what makes California 446 00:22:49,359 --> 00:22:50,080 Speaker 3: so vibrant. 447 00:22:50,280 --> 00:22:52,040 Speaker 2: It's because of that diversity, and it's. 448 00:22:51,920 --> 00:22:55,359 Speaker 3: Because of people's willingness to dare and to match up 449 00:22:55,400 --> 00:22:58,320 Speaker 3: with ideas and perspectives and backgrounds to come in to 450 00:22:58,359 --> 00:23:00,800 Speaker 3: make a go of it. That has made California the 451 00:23:00,800 --> 00:23:03,879 Speaker 3: fourth largest GDP in the world. But we have failed 452 00:23:03,920 --> 00:23:08,240 Speaker 3: on the border, and Donald Trump is failing on immigration. 453 00:23:08,760 --> 00:23:13,359 Speaker 3: He is economic policy is not complicated. It's tariffs, which 454 00:23:13,400 --> 00:23:20,080 Speaker 3: is a regressive tax. It's mass deportations which is having 455 00:23:20,119 --> 00:23:23,159 Speaker 3: a major impact on supply change. And you've seen the 456 00:23:23,200 --> 00:23:27,080 Speaker 3: American jobless rate. You're seeing it growing, the unemployment rate 457 00:23:27,119 --> 00:23:27,640 Speaker 3: in America. 458 00:23:27,720 --> 00:23:28,959 Speaker 2: Besson didn't talk about this. 459 00:23:29,680 --> 00:23:31,719 Speaker 3: They had the worst jobs numbers in the first year 460 00:23:31,720 --> 00:23:35,159 Speaker 3: of the Trump administration outside of recession since two thousand 461 00:23:35,160 --> 00:23:38,159 Speaker 3: and three, forty nine thousand jobs a month. The Biden 462 00:23:38,160 --> 00:23:41,160 Speaker 3: administration last year was averaging one hundred and sixty eight 463 00:23:41,200 --> 00:23:46,399 Speaker 3: thousand jobs a month. Inflation is not lowering still at 464 00:23:46,440 --> 00:23:49,159 Speaker 3: two point seven percent. Asked folks what a pound of 465 00:23:49,160 --> 00:23:51,399 Speaker 3: beef costs in the United States of America or a 466 00:23:51,440 --> 00:23:54,760 Speaker 3: brand new car. Everything you heard yesterday was b s 467 00:23:55,440 --> 00:23:58,879 Speaker 3: and it's impacted by these policies of tariffs that are 468 00:23:58,920 --> 00:24:03,240 Speaker 3: impacting ranchers and farmers and small business folks, a major 469 00:24:03,400 --> 00:24:08,240 Speaker 3: tax that they celebrate, a tax that they celebrate collecting, 470 00:24:08,520 --> 00:24:11,240 Speaker 3: which is ironic from a Republican party. 471 00:24:11,560 --> 00:24:13,760 Speaker 2: And the third leg of the stool is a. 472 00:24:13,800 --> 00:24:17,680 Speaker 3: Massive tax cut away from the wealthy and the privileged, 473 00:24:18,800 --> 00:24:22,760 Speaker 3: taxing now the burden on small businesses and working folks. 474 00:24:22,840 --> 00:24:24,639 Speaker 2: That's the policy. 475 00:24:24,680 --> 00:24:31,160 Speaker 3: Easily described of America's economic strategy, and it's a failed strategy. 476 00:24:31,200 --> 00:24:34,560 Speaker 3: And the impacts of that strategy are being felt all 477 00:24:34,600 --> 00:24:37,399 Speaker 3: throughout the United States of America, including my state that 478 00:24:37,440 --> 00:24:41,600 Speaker 3: has been disproportionately impacted by these policies. 479 00:24:41,640 --> 00:24:43,560 Speaker 2: So I'm very critical of those. 480 00:24:43,960 --> 00:24:47,800 Speaker 3: I'm critical of our assault on institutions, higher learning, research 481 00:24:48,440 --> 00:24:51,920 Speaker 3: institutions that have literally been I mean, they're part of 482 00:24:51,960 --> 00:24:54,840 Speaker 3: that formula for success. The rest of the world gets that, 483 00:24:55,600 --> 00:24:58,600 Speaker 3: and he's putting sand in the gears across that spectrum 484 00:24:59,560 --> 00:25:03,320 Speaker 3: in cal again is fighting and pushing back. 485 00:25:03,680 --> 00:25:06,040 Speaker 1: And some of those those first round draft picks got 486 00:25:06,080 --> 00:25:09,960 Speaker 1: you know, incredible contracts and are now in made quite 487 00:25:09,960 --> 00:25:12,880 Speaker 1: a lot of money and are now very freaked out 488 00:25:12,920 --> 00:25:15,560 Speaker 1: threatening to leave California over a proposal that, just to 489 00:25:15,560 --> 00:25:19,400 Speaker 1: be clear, you oppose to tax to for a sort 490 00:25:19,400 --> 00:25:22,520 Speaker 1: of one time tax on the wealth of the very, 491 00:25:22,720 --> 00:25:23,879 Speaker 1: very very wealthy Californians. 492 00:25:23,880 --> 00:25:25,200 Speaker 2: And I guess I want to ask you two questions. 493 00:25:25,400 --> 00:25:27,920 Speaker 1: One is, I was talking to somebody progressive here who said, 494 00:25:28,280 --> 00:25:30,400 Speaker 1: this guy's basically a fake populist. He talks a good 495 00:25:30,400 --> 00:25:33,080 Speaker 1: game about the billionaires. Here is an actual proposal that 496 00:25:33,080 --> 00:25:35,640 Speaker 1: they're unhappy about. And you're on the other side. You're 497 00:25:35,680 --> 00:25:37,960 Speaker 1: standing with you know, Elon Musk and David Sachs on this. 498 00:25:38,320 --> 00:25:42,280 Speaker 3: Why is that, well, one time wealth tax at a 499 00:25:42,359 --> 00:25:47,960 Speaker 3: state level that almost exclusively goes to solve one problem healthcare, 500 00:25:48,880 --> 00:25:54,879 Speaker 3: and not solving for larger issues like education, supporting police 501 00:25:54,880 --> 00:25:58,200 Speaker 3: officers and firefighters, and starves the rest of the general 502 00:25:58,240 --> 00:26:01,720 Speaker 3: fund that has had already the impact of people moving 503 00:26:01,760 --> 00:26:07,199 Speaker 3: out of our state and impacting then the annual income 504 00:26:07,240 --> 00:26:11,280 Speaker 3: tax collection. Is not something I support, and by the way, 505 00:26:11,440 --> 00:26:15,760 Speaker 3: vast majority of labor does not support as well. Uh, 506 00:26:16,160 --> 00:26:20,560 Speaker 3: and that's reflected in my opposition. What's not reflected in 507 00:26:20,600 --> 00:26:23,879 Speaker 3: my opposition quite the contrary, is my advocacy for progressive 508 00:26:23,920 --> 00:26:27,880 Speaker 3: taxes that does tax the wealthy disproportions. 509 00:26:28,680 --> 00:26:30,200 Speaker 2: I've had a strong advocate for that. 510 00:26:30,320 --> 00:26:32,119 Speaker 1: You have a theory on how to tax this particular 511 00:26:32,600 --> 00:26:34,800 Speaker 1: group who often kind of live in this company. And 512 00:26:34,800 --> 00:26:36,639 Speaker 1: I'm sure you know maybe people in this room who 513 00:26:36,720 --> 00:26:38,400 Speaker 1: do this, but who live on debt, you know, who 514 00:26:38,400 --> 00:26:40,919 Speaker 1: have no income and live on the sort of giant 515 00:26:40,960 --> 00:26:41,640 Speaker 1: revolving loans. 516 00:26:41,680 --> 00:26:45,159 Speaker 3: Yeah, I mean, when you could have that conversation's sort 517 00:26:45,160 --> 00:26:46,439 Speaker 3: of an attempt to get at that. 518 00:26:46,680 --> 00:26:46,880 Speaker 2: Yeah. 519 00:26:47,359 --> 00:26:50,600 Speaker 3: But at a national level, we're competing with fifty states 520 00:26:50,840 --> 00:26:54,200 Speaker 3: capital flows and move that's real. It's not imagined, it's 521 00:26:54,320 --> 00:26:57,400 Speaker 3: very very real. So we have a progressive tax structure, 522 00:26:57,440 --> 00:26:59,720 Speaker 3: the most progressive in the country by the way, States 523 00:26:59,760 --> 00:27:03,080 Speaker 3: like and four the most regressive tax structures. They tax 524 00:27:03,119 --> 00:27:06,520 Speaker 3: their lowest wage earners more than we tax our highest wagers. 525 00:27:06,720 --> 00:27:09,520 Speaker 3: They are the high tax states. We have a highest 526 00:27:09,560 --> 00:27:12,760 Speaker 3: tax rate for the one percent, but for working folks 527 00:27:12,800 --> 00:27:15,880 Speaker 3: in middle class, it's a very different tax structure. That's 528 00:27:15,920 --> 00:27:19,680 Speaker 3: the approach we promote, that's the approach that we advance 529 00:27:19,760 --> 00:27:22,560 Speaker 3: in our state. But again, our state of mind is 530 00:27:22,640 --> 00:27:25,359 Speaker 3: relates to the issue of a state by state wealth tax. 531 00:27:25,960 --> 00:27:28,840 Speaker 3: The impact of that has to be considered in the 532 00:27:28,880 --> 00:27:32,840 Speaker 3: context of how freely capital can move and how that's 533 00:27:32,880 --> 00:27:36,080 Speaker 3: already occurred. It's not just an assertion, it's in evidence 534 00:27:36,119 --> 00:27:38,520 Speaker 3: already in the state of California, as it relates to 535 00:27:38,760 --> 00:27:41,680 Speaker 3: a proposal that hasn't got on the ballot, a proposal 536 00:27:41,720 --> 00:27:44,600 Speaker 3: that has never gotten through the legislature, and a proposal 537 00:27:44,600 --> 00:27:46,040 Speaker 3: that likely if it did get on. 538 00:27:46,000 --> 00:27:48,440 Speaker 2: The ballot, will lose. Would you campaign against it? I'm 539 00:27:48,480 --> 00:27:49,320 Speaker 2: opposed to it. 540 00:27:49,320 --> 00:27:51,679 Speaker 3: It's already had, I think, a very negative impact on 541 00:27:51,720 --> 00:27:57,000 Speaker 3: the state. And it's a badly drafted initiative again that 542 00:27:57,240 --> 00:28:02,280 Speaker 3: literally takes teachers and takes our educational system out of 543 00:28:02,359 --> 00:28:06,359 Speaker 3: any consideration of support, and impacts all the parts of 544 00:28:06,359 --> 00:28:07,080 Speaker 3: our general fund. 545 00:28:07,119 --> 00:28:08,560 Speaker 2: It is a flawed initiative. 546 00:28:08,640 --> 00:28:11,080 Speaker 1: And then I think conversely, these these folks who control 547 00:28:11,119 --> 00:28:12,520 Speaker 1: are a ton of capital, and as you said, some 548 00:28:12,560 --> 00:28:14,879 Speaker 1: are actually already leaving, have been leaving. 549 00:28:15,119 --> 00:28:16,679 Speaker 2: How do you you know over this? 550 00:28:16,720 --> 00:28:19,800 Speaker 1: But I think also over a sense that California that 551 00:28:19,840 --> 00:28:24,240 Speaker 1: democratic leadership. Broadly, you complains about billionaires a lot doesn't 552 00:28:24,680 --> 00:28:27,159 Speaker 1: is not does not give them the uh you know, 553 00:28:27,240 --> 00:28:29,800 Speaker 1: love and respect that they feel that they're entitled to know. 554 00:28:29,840 --> 00:28:30,520 Speaker 2: How do what you mean? 555 00:28:30,520 --> 00:28:32,840 Speaker 1: You actually you talk to these folks, Some of them 556 00:28:32,840 --> 00:28:36,400 Speaker 1: support you, some don't. But what are you saying as 557 00:28:36,440 --> 00:28:38,920 Speaker 1: you call people up and say, hey, please don't leave California, what's. 558 00:28:38,800 --> 00:28:41,960 Speaker 3: Your Well, California's population three years in a row, continues 559 00:28:41,960 --> 00:28:44,360 Speaker 3: to grow, and so does our footprint as it relates 560 00:28:44,400 --> 00:28:46,440 Speaker 3: to more fortune five hundred companies and we've added over 561 00:28:46,840 --> 00:28:50,320 Speaker 3: two decades, and our innovation ecosystem and startup because of 562 00:28:50,440 --> 00:28:52,360 Speaker 3: a second to none. We have half of the country's 563 00:28:52,400 --> 00:28:56,320 Speaker 3: unicorns in our state. The largest market cap private sector company, 564 00:28:56,720 --> 00:28:59,400 Speaker 3: open Ai just headquartered in San Francisco. They could have 565 00:28:59,440 --> 00:29:01,840 Speaker 3: chosen any other state in the country. Look, I don't 566 00:29:01,880 --> 00:29:05,640 Speaker 3: begrudge other people's success. I've never been that kind of democrat. 567 00:29:06,040 --> 00:29:09,080 Speaker 3: But I also recognize in a world businesses can't thrive 568 00:29:09,120 --> 00:29:11,480 Speaker 3: in a world that's failing. Ten percent of the wealth 569 00:29:11,560 --> 00:29:13,400 Speaker 3: is concentrated, or rather, two thirds of the wealth in 570 00:29:13,400 --> 00:29:15,120 Speaker 3: the United States is concentrated in the hands of just 571 00:29:15,120 --> 00:29:17,360 Speaker 3: ten percent, ten percent of our consumer spending. 572 00:29:18,400 --> 00:29:19,000 Speaker 2: Imbalance. 573 00:29:19,160 --> 00:29:20,960 Speaker 3: I mean it was Plutarch has said it to the 574 00:29:21,000 --> 00:29:23,440 Speaker 3: Athenians two thousand years ago. The imbalance between the rich 575 00:29:23,480 --> 00:29:26,240 Speaker 3: and the poor is the oldest and most fatal ailment 576 00:29:26,480 --> 00:29:27,440 Speaker 3: of all republics. 577 00:29:27,960 --> 00:29:28,920 Speaker 2: Fast forward today. 578 00:29:29,360 --> 00:29:32,400 Speaker 3: So this concentration, it's a very real issue, and we're 579 00:29:32,400 --> 00:29:34,640 Speaker 3: going to have to address that. But we have to 580 00:29:34,680 --> 00:29:37,400 Speaker 3: address it, I think, very thoughtfully and systemically, and I 581 00:29:37,400 --> 00:29:38,800 Speaker 3: think we have to have it through the lens of. 582 00:29:38,760 --> 00:29:40,240 Speaker 2: A national reform. 583 00:29:40,360 --> 00:29:43,400 Speaker 3: What we've done is the exact opposite with HR one, 584 00:29:43,800 --> 00:29:47,240 Speaker 3: which is going to explode deficits in the United States 585 00:29:47,280 --> 00:29:50,600 Speaker 3: of America and debt and again is transferred the tax 586 00:29:50,640 --> 00:29:55,640 Speaker 3: burden to small businesses, farmers, and ranchers. It is an 587 00:29:55,680 --> 00:29:59,720 Speaker 3: abomination and it's a policy unfortunately the Trump administration is 588 00:29:59,800 --> 00:30:00,440 Speaker 3: very proud of. 589 00:30:00,520 --> 00:30:02,239 Speaker 1: Do you think a national reform is enough? I mean, 590 00:30:02,240 --> 00:30:03,840 Speaker 1: a lot of this capital is really global. 591 00:30:04,360 --> 00:30:06,480 Speaker 3: It's I mean, this is a challenge for all of 592 00:30:06,560 --> 00:30:10,000 Speaker 3: us across the globe. And so the challenge is do 593 00:30:10,040 --> 00:30:12,720 Speaker 3: you have a redistribution mindset or a predistribution mindset? Do 594 00:30:12,760 --> 00:30:15,960 Speaker 3: you have a progressive tax structure that can balance these things. 595 00:30:15,960 --> 00:30:18,120 Speaker 3: And this is the iteration in the state of California, 596 00:30:18,320 --> 00:30:19,600 Speaker 3: and this is our approximation. 597 00:30:19,680 --> 00:30:22,480 Speaker 2: And I think California's figured it out in many respects. 598 00:30:22,800 --> 00:30:26,800 Speaker 3: I mean, our economy, our entire entrepreneurial system is thriving 599 00:30:27,200 --> 00:30:29,360 Speaker 3: in our state where I think found that balanced. We 600 00:30:29,400 --> 00:30:32,760 Speaker 3: had the highest contribution of venture capital last year in 601 00:30:32,800 --> 00:30:35,280 Speaker 3: our history, one hundred and six billion dollars, sixty eight 602 00:30:35,280 --> 00:30:38,360 Speaker 3: percent of it went back into the state of California, 603 00:30:38,680 --> 00:30:40,600 Speaker 3: despite our progressive tax structure. 604 00:30:41,000 --> 00:30:44,200 Speaker 1: Well, from the tweets to Plutarch, thank you, thank you 605 00:30:44,280 --> 00:30:45,320 Speaker 1: so much, Governor, Thank you 606 00:30:45,360 --> 00:30:48,280 Speaker 3: Guys, thank you everybody for being a doyk your fifteen 607 00:30:48,320 --> 00:30:48,560 Speaker 3: stand