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Ezra Klein: “When Biden... passed negotiating down Medicare drug…”

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

How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show

Published December 10, 2025 | Video Starts at 25:18

At the speed of elections. When Democrats get to the point where they are endlessly justifying why everything is so slow. My favorite example of this is that … When Biden... passed negotiating down Medicare drug prices... the first time people will pay those lower prices is next year. … If you break the cord between the things that Gavin Newsom is doing and Joe Biden is doing and what people can feel, how are voters supposed to make. (25:18–25:43)

CLAIM

Asserts that the effects of Biden's Medicare drug price negotiation will be felt starting next year.

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

“They are the most alcohol addicted, most drug addicted, most suicidal, most depressed, most medicated generation in history.”
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“California ranks 50th on affordability.”
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“In Sweden, I think more than 80% of single family homes are now offsite modular or off site manufactured.”
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“The net worth held by the top 0.1% of households in the US reached $23.3 trillion in the second quarter of this year.”
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“That is up from $10.7 trillion a decade earlier.”
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“The amount held by the bottom 50% increased to 4.2 trillion from 900 billion.”
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“In California, there actually was subsidized government healthcare for undocumented immigrants.”
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“If you look at the polymarket betting odds on who will be the 2020 Democratic nominee, [Gavin] Newsom is far ahead of anyone else.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 00:27-00:34
“California routinely ranks as the least affordable state in the nation.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 03:18-03:23
“Everybody says, and I believe California is a place where the future happens first.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 05:42-05:47
“If you can't get a house, if you don't see a path to get a house.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 18:09-18:13
“It's not even feasible in a lot of these cities to ever get a house.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 18:17-18:23
“Once you feel like you can get on that ladder, you're okay.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 18:27-18:30
“Liberal democracy will not work if policy cannot deliver at the speed of elections.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 24:57-25:04
“When Medicare passed, it took one year for the Medicare cards to go out.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 25:15-25:19
“The model where government doesn't deliver is also corrosive.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 28:07-28:13
“Savage's view is that California is a kind of hellscape.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 32:46-32:50
“You put a 3.5 million housing production goal.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 36:53-36:57
“But you're not on track for either goal.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 37:11-37:13
“I think of California having a big downturn in rents.”
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“With Trump's tariffs and deportations is getting worse on a bunch of levels.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 39:17-39:21
“But we fundamentally tax income, not wealth.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 50:39-50:42
“It is difficult to tax wealth. It is not impossible to tax wealth. I mean we used to have a strong or a stronger estate tax in this country…”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 50:43-50:54
“Is a society that has that level of wealth inequality a politically stable or inevitably just.”
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“Here's, I think the difficulty on taxes for Democrats people. I mean, polling on this is clear, including among many Republicans, people…”
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“Silicon Valley has become the epicenter of the global AI revolution.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 58:33-58:44
“The culture of Silicon Valley has changed. The politics of it have changed very rapidly in this period.”
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“AI is going to be a big part of the next turn of politics.”
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“I don't think we really know what AI is going to do to the job market or when or to whom.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 1:01:57-1:02:02
“The process of looking for a job has become hellish.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 1:02:10-1:02:14
“You're sending endless resumes to dozens of places. They're being read by AI.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 1:02:21-1:02:28
“Sometimes you're interviewing with AI.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 1:02:27-1:02:29
“Everybody's using AI to apply. The AIs are reading the AI applicant.”
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“Growth and economic energy and activity have become unexpectedly in the digital era, more concentrated.”
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“Democrats won rural and urban counties at about the same rates not that long ago.”
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“Now Democrats dominate cities really struggle in rural counties.”
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“A couple of years ago, what they [Republicans] figured out...is how much energy there is in the feeling of loss.”
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“There was a big push to, let's call it, phase out cars with internal combustion engines [in California].”
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“Democrats really became Trump's mirror. He was cruel. They were going to be, be compassionate.”
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“J.D. Vance gives the most interesting speeches of any Republican politician right now.”
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“Vance goes to the Claremont Institute in California to accept an award and gives his speech.”
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“Vance is trying to say that this idea that being in America, being an American is about what you believe is false.”
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“What we have to do is recognize, admit that blood, bloodline, that length of time, numbers of your family buried in cemeteries.”
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“Chuck Schumer did not endorse Zoran Mamdani for Instance.”
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“That allowed Kamala Harris to break ties and pass mostly the Inflation Reduction Act.”
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“The great sin of Democrats, attentionally, in recent years is that they are the party of the institutions.”
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“That worked for a previous era of attention when everything was decided by who the New York Times decided to cover.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 1:32:48-1:32:54
“You can't do a podcast, a good podcast, with a politician, when you can watch them buffering before they answer.”
How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show | Uploaded December 10, 2025 | 1:33:08-1:33:16
“To get attention, you need conflict.”
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“But we are that divided, actually.”
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