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Ezra Klein: “We could see the housing crisis had metastasized into…”

Featuring: Ezra Klein, Liberal | New York Times Columnist and Podcast Host | National

In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance

Published March 26, 2025 | Video Starts at 03:33

I mean, you know this. You're a retail politician. Like you can sense people's anger when they find out you have anything to do with politics. They tell you real quick. And We could see the housing crisis had metastasized into something that was genuinely now a crisis. Not just homes are expensive. Right. California high speed rail has always lit me on fire. We'll get to that. Yeah, we'll get to that. (03:33–03:39)

CLAIM

Asserts that the housing situation in California has become a genuine crisis.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Ezra Klein

“Of the 56 states and jurisdictions that were trying to apply for the money, three had made it through.”
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“It took the Affordable Care act four years to begin delivering actual insurance.”
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“We built the Empire State Building in a year.”
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“The average environmental review takes four and a half years.”
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“By the end of 2024, functionally, nobody is hooked up to [rural] broadband.”
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“Every major company [Elon Musk] has done is built on government subsidies, government loan guarantees, over 3 billion government demand.”
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“California high speed rail has always lit me on fire.”
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“We have to build faster than we have ever built and the laws don't really permit that.”
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“There is something liberalism is good at and knows how to look for, which is where can we subsidize something that people need?”
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“There's something liberalism is bad at because it doesn't know how to look for it, which is how do we create more?”
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“Not only are we not good at pursuing that, we don't even realize how often we are getting in the way of it.”
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“The cost of living crisis is worse in blue states.”
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“All these fast track bills required me to take on a bunch of new standards and requirements.”
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“One of the big headline pieces of it is $42 billion for [rural] broadband 2021.”
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“The stimulus bill under Obama that had three big headline projects for reinvestment, it had high speed rail, it had smart grid, and it had a…”
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“0 for 3.”
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“Europe builds trains better than we do. They just do. And they have governments, I checked. And they have unions more than we do.”
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“We do government different in this country than they do in Europe. There's a qualitative difference between it, which is they run government…”
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“There are two major liberal movements that happen in the 20th century. The one we think about a lot is New Deal liberalism.”
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“In the 60s, 70s, 80s, you have real problems that have emerged from this New Deal order.”
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“We are cutting highways all across the country, many of them, though not all of them through marginalized communities.”
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“There is a genuine despoiling of the environment.”
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“It's Reagan who signs the California Environmental Quality Act.”
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“Initially cea, it just says, look, when the government does stuff, it's got to produce a report on, you know, what the likely consequences…”
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“The Supreme Court rules. No, no, no, no. Public development is anything that requires a permit by the state of California.”
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“CEQA's power is amplified a lot by courts that interpreted it in a way that was very different than anybody initially.”
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“This is part of a period in liberalism where you have this rise of an environmental movement that has legal dimensions and political…”
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“The key thing about this period of liberalism, the New Left period of liberalism, is that it is fundamentally skeptical of government…”
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“The New Deal is this alliance between the government, the unions, and the corporations to build, to put people to work, to industrialize…”
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“The New Left comes in and says, we are destroying this place. We are turning this country conformist.”
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“The way it tries to square it is create a million different ways that individuals or individuals represented by nonprofit groups typically…”
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“It did not used to take this long to deliver Medicare. Medicare delivered Medicare cards a year after they passed that bill.”
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“It took on the Inflation Reduction act, which is doing the much smaller job of just beginning to negotiate prices on some drugs, three years…”
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“You are not going to hold the people you need to hold. If your answer in every term is you can't feel what I did because the government…”
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“But they would build fast in a lot of cases if we let them build fast. I mean, they're not why we didn't get rural broadband on.”
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“The difference between places that construct apartment buildings quickly and that don't is that's us 100%.”
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“If these emergency declarations and people are celebrating it, if emergency structures work better, then why is it not making the normal…”
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“The policy feedback loops are broken because people don't know who did the policy.”
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“That is a breakdown of the way the voters can maintain accountability.”
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“You can avoid short term pain in a way that ultimately creates almost unsolvable long term pain.”
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“People are furious about the homelessness problem there. And that's in large part a housing problem.”
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“In Oakland, they recalled the mayor.”
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“It is very hard to be successful when people are angry about problems that maybe you didn't cause.”
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“California is the frontier of the future. It always has been.”
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“The reason the housing thing matters here... is that you need to make it possible for people to be [in California].”
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“The point of California's riches is that they should be shared... through the ability of people to go live in these super high productivity…”
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“In making these cities so expensive, we did the real gating. We really closed the frontier, because the true frontier isn't land, it's…”
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“The Merced Bakersfield leg, which is the leg that is currently being tried... had line of sight on something like it was in the range of 11…”
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“The estimate on finishing [Merced to Bakersfield] was 36 billion.”
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“For this to really work, it needs to be L A to San Francisco and that would cost $110 billion.”
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“There is not a line of sight on that 36 to 110 billion. Right. That, that doesn't exist.”
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“The ridership in those quarters, as fast growing as they may be, is not enough to throw off money. It's not even enough to handle that…”
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“It wasn't exempted from CEQA in the first place. It's a pro environmental project.”
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“The federal program wasn't just for high speed rail. It was to start where you had air pollution for marginalized communities.”
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“People have no fucking idea what is happening in these regulatory processes.”
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“For the people who have health insurance, which is most people, what really matters is when you get sick, is there a cure?”
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“If we could do more modular housing, it would change what is possible in housing policy.”
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“Trump and [his supporters] are trying to destroy wind and solar.”
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“They don't want more trade. They don't want more people.”
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