Discover video-sourced quotes by politicians

Gavin Newsom: “He's been the beneficiary of billions and billions and…”

Featuring: Gavin Newsom, Democratic | Governor of California

And, This is Steve Bannon | This is Gavin Newsom

Published March 12, 2025 | Video Starts at 47:11

And then a big check from the federal government, from everybody watching that backed his play early on when he was in deep need. He paid it back relatively quickly, but He's been the beneficiary of billions and billions and billions of dollars. 38 loans. 30. 38, but loans, I think. 38. What, do you seriously want him to take over the Starlink, to take over the FAA and the air traffic control system? (47:11–47:16)

CLAIM

Asserts that Elon Musk has benefited from billions of dollars.

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.

Discover more from

Gavin Newsom

“Biden tripled tariffs on aluminum and steel, of course, is getting a lot of attention in this country today as it relates to Canada, and…”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 01:24-01:35
“Another $8.4 trillion went to the debt under [the] Trump administration.”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 18:02-18:07
“That's $1.3 billion small ball, but it's symbolic and subsidy. What about the $3 billion in oil gas subsidies?”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 36:42-36:50
“I say that as governor of the largest manufacturing state in America, a state that has more corporate headquarters... than any other state…”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 37:41-37:51
“You've been pretty critical about the proposed tax, the extension of the existing tax cuts that disproportionately favor the wealthiest.”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 07:10-07:20
“His current proposal doesn't add up then in that respect blows the deficit and continues those corporate tax cuts and continues the tax cuts…”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 09:17-09:25
“It's 3 trillion even before COVID hit.”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 18:08-18:11
“Moderate the income taxes for middle class working folks.”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 20:58-21:03
“We doubled another 25% back to aluminum steel.”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 21:21-21:26
“On tariff policy, it seems a little chaotic. There's no stability. The markets are reflecting that.”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 21:45-21:51
“It had nothing to do with the tyrannical nature of a Prime Minister or 51st Governor of America, Justin Trudeau's policies.”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 25:00-25:12
“You mean with all the uncertainty, the market uncertainty, the Trump slump, all of the stress and the anxiety that people are feeling.”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 25:26-25:33
“The industrial policies of the Biden administration, as it relates to the infrastructure bill, aspects of the IRA, aspects of the Chips and…”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 29:21-29:37
“There was record investments in coming back during the [Biden administration].”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 29:52-29:58
“Why does [President Trump] go after the carried interest? Why is he going after corporate subsidies?”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 36:25-36:30
“California did [create this market]. It was our regulatory process and our subsidies to create this market.”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 46:48-46:56
“That's why this tax cuts, extending the tax cuts, it's reckless in this respect.”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 53:52-53:56
“By definition, that substantially increases the problem.”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 54:01-54:05
“You want to see it increased on corporations in the 1%.”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 54:17-54:21
“I don't know what more evidence you guys need of Mother Nature's fury than we've had in the last year.”
And, This is Steve Bannon | This is Gavin Newsom | Uploaded March 12, 2025 | 55:23-55:29