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Gavin Newsom: “The fact that Chips and Science act is producing real…”

Featuring: Gavin Newsom, Democratic | Governor of California

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

Published March 26, 2025 | Video Starts at 17:14

And I'm not just talking about job recovery from the pandemic, but the six plus million jobs that you have to stack on that after we were back to full recovery. The fact that Chips and Science act is producing real results as it relates to private sector investment. and the fact that we finally have an industrial policy that is worker centric. And I think it's that worker centricity that you can argue against because that was in. (17:14–17:20)

CLAIM

Asserts that the Chips and Science Act is yielding tangible private sector investment results.

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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Gavin Newsom

“There's some, you know, we had population growth the last two years, by the way, in December, they updated all the census numbers. It grew…”
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“We had the i10 which we got done in eight days.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 40:30-40:33
“18% of the world's R and D is in this state.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 45:57-46:01
“Only two countries have more R and D and that's Germany and China.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 46:02-46:07
“This is a state with 41% more manufacturing output than the state that tends to get a lot of credit in Texas.”
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“Texas, by the way, takes $71.1 billion of federal money from taxpayers. We give $83.1 billion.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 46:15-46:24
“Half of the unicorn companies in the country are in California.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 46:27-46:31
“16 states tax their poorest residents more than we tax our top 1%.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 47:13-47:20
“If you can build a sports stadium with these new rules and fast track a judicial process... it should work for homelessness, it should work…”
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“I announced that day an effort to sue up to 47 cities.”
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“We started with one, Huntington Beach, California.”
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“In the state of California. We're simply not building enough housing.”
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“Here is the legally binding goal, 2.5 million units by 2030.”
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“We've taken 800 actions, that's why we've unlocked 7,500 units and that's why we have advanced 42 CEQA reforms.”
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“I don't think there's been a more YIMBY governor in California's history.”
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“We are, as a state, finally intervening in ways the state has never intervened in the past.”
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“775,000 manufacturing jobs, just the job growth generally.”
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“We finally have an industrial policy that is worker centric.”
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“I have been as critical or more than you have about [high speed rail].”
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“The original vision [for high-speed rail] was not Obama. It wasn't even necessarily Jerry Brown.”
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“Arnold Schwarzenegger, Republican, puts a bond on the ballot in 2008 and the voters approve it.”
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“There was a lot of promotion of promise, $33.6 billion, two hours and 20 minutes downtown by 2020.”
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“There's scarcity of resources, there's an abundance of delay, there's an abundance of cost overruns.”
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“The Central Valley...was stipulated as a requirement under the Obama grant, the $3 billion.”
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“The entire environmental clearance is now 100% done. L A to San Francisco.”
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“We're just announced, we're doing railhead, we're finally laying the tracks.”
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“Governor Ronald Reagan established the California Air Resources Board.”
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“Richard Nixon affording California a waiver so that we can address the unique air quality concerns.”
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“I have a 270 day judicial review process that we pushed, we worked it for its first use case was the first above ground storage facility in…”
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“The second quite literally a week ago for 300 megawatt solar, large scale solar facility which we are testing it, hardly perfect, but that…”
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“We did full electrification of Caltran. $714 million, 51 miles. We got all the environmental work done.”
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“We're finally getting that first 119 miles done. We'll get to 171.”
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“It's a $6.5 billion gap. We have a strategy to address that.”
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“A lot of innovation happened during COVID, including on land use.”
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“We did something called home key, room key. We changed land use and CEQA.”
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“We brought in Jen Polka from Code for America to bring in a private sector version.”
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“We inherited these old Cobalt systems that you highlight from 1959 and these IBM mainframes from the 1980s.”
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“This is a state where we're gaining population again.”
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“We're running budget surpluses.”
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“The numbers [of homelessness] through the roof across the rest of the country stabilized. Here in California, the housing crisis not unique…”
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“40% of our residents pay lower taxes than in Florida and Texas.”
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“80% of our residents pay slightly above average taxes.”
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“This notion that everyone's leaving is complete bs.”
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“We're going to get the damn thing [high-speed rail] done.”
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“The affordability issue is the core of 90% of California's real and structural problems.”
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“We've 13.4 billion dollars of which 10.8 from the state and 2.6 from the [federal government].”
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“There's currently our estimates and this plus or minus. And yeah, this is a moving target, about $6.5 billion that we, based upon what we…”
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“The idea is to get it in these density and population corridors, which is the point you make in the critique, and get to Fresno, for…”
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“You have the existing infrastructure in place. That's about an hour. You get into Palmdale. Now you're connecting with the new Bright Line…”
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“I just wrote I inherited this [high-speed rail project].”
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“We're looking at train sets that have interoperability not just with Brightline, but a high desert corridor. So you have two private sector…”
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“There's not a high speed railing system that's not enjoying some popularity and success. Most at least are wildly popular.”
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“It was a requirement, federal requirement for federal dollars [to start the high-speed rail in the Central Valley].”
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“We're finally starting to see the fruits of that vision [of participatory governance models].”
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“Engaged California, our new procurement platforms, the work that Jen Polka helped seed in the reforms we're doing as it relates to large…”
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“If I have another press conference about how much money we're spending on homelessness, they're going to take my head off.”
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“They want more housing so that the cost of that housing goes down because there's more supply.”
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“Tesla would not exist had it not been for the regulatory environment of California.”
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“One of the great federal subsidies.”
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“Principle that you lay out as it relates to DARPA and which gave us gps, gave us the self driving car he's now promoting that gave us so…”
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“Only state that does that regardless of ability to pay and pre existing conditions and immigration.”
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“California went from the seventh largest economy to the sixth largest economy in the world.”
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