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Gavin Newsom: “We're the sixth largest economy. Now we're the fourth…”

Featuring: Gavin Newsom, Democratic | Governor of California

Has Trump FINALLY LOST His Base? With The Daily Wire's Ben Shapiro

Published January 16, 2026 | Video Starts at 39:13

Hold on. But, but four years ago that wasn't the case. Today it's the case. We have 58 Fortune 500 companies. When I started was 49. We're the sixth largest economy. Now we're the fourth largest economy. You look at the 3.1 million jobs that are being created since I've been governed. You can look across the spectrum. I'm not denying its challenges, but those persistent exist in every other state. (39:13–39:17)

CLAIM

Asserts that California's economy has moved from the sixth to the fourth largest in the world.

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

“Roughly half of young men have never asked a woman out in person on a date.”
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“We have over 10,000 that I've cooperated with since I've been governor of California.”
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“California has cooperated with more ICE transfers probably than any other state in the country.”
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“Sanctuary jurisdictions have lower crime rates than non-sanctuary jurisdictions.”
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“40% of the middle class in Texas pay higher taxes than they do in California.”
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“We created our own insulin branded drug under CalRx.”
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“I vetoed multiple pieces of legislation that have come from my legislature to stop the ability for the state of California to [cooperate…”
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“The general funds 248 billion. We have 42.3 billion dollar additional revenue structure than we anticipated by the way.”
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“California is now replenishing its reserves $23 billion paying down pension obligations $11.8 billion.”
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“We've highlighted that in the state of the state to pay down long term pension obligations, STRs and PERs, their funded liability has been…”
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“We created a legal framework of two and a half million [housing units].”
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“A little less than 150,000, you're right, about 111, 100,000 [housing units].”
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“We blew through those in the last couple years. 61 housing reform bills we just passed.”
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“We've been in the process of doing precisely what you're suggesting we need to do and we've been doing it very meaningfully and been nation…”
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“We created a housing accountability Unit. We pursued 46 actions, we've unlocked 45.”
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“Tripling their income tax credits for working families, creating a child tax credit, foster tax credit.”
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“3.1 million jobs that are being created since I've been governed.”
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“Population's grown three years in a row.”
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“We lost 151 people.”
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“Trump tweets out that morning saying this is a rigged election.”
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“The fact that he's out there suggesting that all the vote by mail is illegal and a bunch of immigrants, illegal immigrants are out there…”
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“Including trying to rid midterm elections as it relates to changing the maps and what he tried to do on January 6th.”
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