Gavin Newsom: “10% caps on credit cards.”

“So, you know, this week, for example, you know, he's. He's doing some populist things on economics that probably some members of the left would agree with. 10% caps on credit cards. I think that that's silly. I think that that is. That is, again, externalizing people's debt problem to a place that does not solve the problem and in fact is more likely to lead to people not being able to get credit cards.” (1:43:01–1:43:04)

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.