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Gavin Newsom: “We went from the sixth largest economy to the fourth largest…”

Featuring: Gavin Newsom, Democratic | Governor of California

Gavin Newsom Urges Democrats to Be 'More Culturally Normal'

Published December 3, 2025 | Video Starts at 30:43

… and companies and others leaving the state and they look and go, you know what if we're going to have a guy managing the country, California is not the example We went from the sixth largest economy to the fourth largest economy, $4.1 trillion a year. We have more Fortune 500 companies than we've ever had in the last two decades. Went from 48 to now 49 now to 58 Fortune 500 companies. (30:43–30:50)

CLAIM

Asserts that California's economy has grown to the fourth largest in the world, valued at $4.1 trillion annually.

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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“We just came out with a new Strategy to provide $60 billion of utility rebates in the state of California through our Cap and Invest…”
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“Donald Trump set out BORTAC teams, border patrol, tactical units to Dodger Stadium to chill free expression, to chill election turnout.”
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“He federalized 4,000 National Guard and sent 700 active duty Marines, not overseas, but to the second largest city in America.”
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“These were the first maps in US History to go on the ballot.”
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“We have 18% of the world's R and D in my state.”
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“We're also the dominant manufacturing hub in the United States of America. $405.6 billion. 13.9% of the US manufacturing.”
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“70% of the EV market is coming out of China now.”
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“They're 3X, the manufacturing of automobiles that we are in the United States of America, about 31/million vehicles to our 10.”
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“We're finally on the offense. We're finally beginning to shape shift and we're finally beginning to fight.”
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“Our party's now back on its toes. And it's a party now that has got more enthusiasm and it's a party that I think is more unified.”
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“We have to be a party that understands the importance and power of the border substantively and politically.”
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“I don't think it's healthy that we have 10% of people that own 2/3 of the wealth in this country.”
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“We have an economy that is broken for too many people.”
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“You can't isolate yourself from the 49 others. We're in a competitive environment.”
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“We have one individual that represents one labor union in the state of California that has not collected one signature that is considering…”
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“I did it four years ago. $1.9 billion for 3.4 million students going into kindergarten, getting child savings accounts up to $1,500.”
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“He's trying to wreck this country. Tried to do that on January 6, tried to light democracy on fire.”
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“He dialed for votes down there, said, where's find me 11, 12,000 votes with the Secretary of State in Georgia.”
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“He's trying to rig the midterm elections in 2026 before one vote is cast.”
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“They did not expect us to go out and raise $118 million over a 90 day period and put our independent redistricting commission on a new…”
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“I was one of its champions for independent redistricting.”
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“We maintained the independent redistricting commission.”
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“We have the new Trump signature series knee pads on my Patriot site, which is an actual real site.”
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“10% of Intel, 15% in AMD, 15% in Nvidia.”
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“I live in a state with 32 of the top 50 market cap AI companies.”
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“We dominate in robotics, we dominate in space, we dominate in all these future technologies, including R and D and nuclear, of course.”
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“Tesla move their world R and D headquarters in to Silicon Valley, HP Enterprises old headquarters.”
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“We've added 10,000 jobs from Tesla since we, quote, unquote, moved the company.”
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“The largest market cap private company in world history decided just a few weeks ago where to headquarter in the state of California.”
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