"Killing California From The Inside" - The DEVASTATING Truth About Newsom's Economy

Ajouté : 2026-05-22

[00:00:00]say you become the governor. What are you doing the day you get you become the governor? What's with >> it's going to be a very busy first day?

[00:00:05]Uh because one of the things that that um I think well there's many things I'm doing differently in this but one of them is being really wellprepared because I do actually understand how policy works, how government works. I've got experience of that and I'm a business-like person. I wouldn't be practical specifically on this one. is a good example and and it goes back to what you're saying what we were discussing about the legislature and the supermajority and what can you get done because there's all these Democrats controlling the legislature. There's a huge amount you can do just through your control of the executive branch and these regulatory agencies. Opening up oil production is a good example. So the way that they've shut down oil and gas production in California is not actually the legislature is through an agency called Cal Gem, the California Department of Geologic and Energy Management. and they have refused to um uh issue permits. And I've seen that.

[00:00:59]I've been to the oil fields got these just like that that you're looking at there.

[00:01:03]>> Mhm.

[00:01:04]>> Only much bigger as far as you can see.

[00:01:07]Oil wells and they just refuse to issue permits for maintenance. You need a permit for everything. If you want to do routine maintenance, but expanding an existing well that's maybe running out of oil, you do you I think they call it side tracking. You can expand it and get the output up from five barrels a day to 100 or whatever or drilling new wells in existing fields. This is not drilling an oil well in the middle of your national park. This is literally like as far as you can see oil wells. There's a concrete pad ready for some new wells to be drilled in the middle of the oil field and they're saying no. So actually that's something where you could turn that around. I don't want to say overnight, but you put in new people.

[00:01:48]I'll be ready to go with the new people you're going to appoint to this agency.

[00:01:52]>> Any names of people that >> we're just we're gathering the names now. Um I have I have named someone who I would appoint to be the natural resources secretary that sits above all of this. guy called John Dwarti who was a member of Congress and very thoughtful on water pol because the these resource issues are real drivers of the of the problem in California. The fact that we're killing our a industry by refusing to give farmers the water that they need this issue of oil and gas. So that comes under natural resources so we're going to have someone who believes in actually you know producing in abundance what we have. This is the point about California. We've got everything we need. We have incredible natural resources, human resources in terms of the energy and hustle of our people and it's all being crushed by this bloated nanny state bureaucratic government.

[00:02:44]>> Now what what you know some people may say well look you're you're a Brit.

[00:02:49]You're from UK. Are you running because >> I'm American now. I have UK is the equivalent of California and London is the equivalent of LA. Do they have a lot of things in common? What patterns do you see? Is the California on track to be what happens to UK? Yes. Do you see?

[00:03:06]Okay. Share that with us. What what perspective do you have?

[00:03:08]>> There's very interesting. So, a very serious um venture capital guy sent me a report um must have been about 6 months ago on the UK and he literally just put on the email remind you of anywhere. And this report was going through um just how impossible it is to do anything in in the UK to build housing to to increase energy infrastructure to build any kind of infrastructure and it just went through this the incredible bloat the regulatory bro the process taking so long for anything. It's exactly where we've got to in California and that's why we have this situation where right now you've got these two things going on. So Gavin Newsome's response to anything when he's challenged on everything going wrong in California, his go-to response is, "Well, we're the fourth biggest economy in the world, so things must be great." That's true statistically. We are the fourth biggest, >> but the remember well that's the just the total GDP. That's driven mainly by two things. We got a a small number of giant tech companies that are great and I want, of course, I want every business to thrive in California. So I'm huge supporter of our tech industry like all our other industries. That's great that we got these companies generate huge amount of revenue but not many jobs. And then the second component that driven up the GDP number is the that includes the government. So all this increasing government spending that increases your GDP but it's not a healthy way to increase your economy. So at the same time as having the fourth biggest economy we are we have the highest poverty rate of any state tied with Louisiana. 28% of US homelessness is in California. Poverty rate is massive.

[00:04:50]>> Poverty rate is the highest in the country tied with Louisiana. Yeah.

[00:04:53]Unemployment 50 with the highest in the country of all 50 states.

[00:04:57]>> I think the District of Columbia is slightly higher. But in terms of states, we have the highest unemployment rate.

[00:05:01]>> So that's not a healthy economy.

[00:05:04]>> I mean most of the jobs that have been created since the pandemic, I believe the net job creation in the private sector is almost zero in California.

[00:05:11]It's government and stuff like that, healthcare. And so you've got a really unhealthy economy because it's just so impossible to do anything. And that's exactly what you're seeing in Europe and in the UK. I mean, one of the things I say, I mean, I became we moved here 2012. Uh I became a citizen 2021 and and this you look at what's going on in the UK, but I've now renounced my UK citizenship. I just want to be clear that I'm all in for this country and and and California. But but I actually truly feel this on an emotional level. I don't want to see California, the way I put it, as I I'm I'm fighting to make sure this state that I love does not turn into the country I left. You know, that is a really bad and that is the path we're on. No question. When we set out to create a shoe that blends comfort, function, and luxury, we had the choice to make it fast. We had the choice to make it cheap. We chose neither.

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