The MeidasTouch Podcast
California Governor Gavin Newsom on Trump Crashing the Economy
Thu, 03 Apr 2025
MeidasTouch host Ben Meiselas interviews California Governor Gavin Newsom on Trump crashing the economy and more. Visit https://meidasplus.com for more! Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: Why is the market crashing and how is it affecting California?
I'm joined by California Governor Gavin Newsom. Governor, the markets are crashing right now. The last I checked, and I don't like to check, the S&P 500 down 4.4%, the NASDAQ down 5.6%, the Dow is down 3.6%, and we also received news this morning that the U.S. announced job cuts totaled 275,000 in March. a record high for the month of March.
Now, Governor, we're going to talk a little bit about the podcast. I've got some questions there, but we got to talk about this breaking news and your response to it.
look i mean i i represent a state the size of 21 state populations combined the fifth largest economy in the world and uh we have a break the glass moment we have to update all our economic forecasts our inflationary forecasts our unemployment forecasts our budget forecast because i represent the largest manufacturing state in america i represent a state that's more impacted
because of direct trade from China and Mexico and Canada than any other state. And it's a consequence. The impacts are extraordinary. But it's not about California, per se. It's about all of us. It's about the global order. It's about our alliances. It's about our reputation, truth, trust. It's about stability. It's about the world we've come to
to know and some of us revere and love the country, all of that now at risk because of the recklessness, and there's no other way to describe it, of one individual, the president of the United States.
You know, what makes this worse, if it could get worse, is that it's a self-inflicted
recession i mean we all knew what happened with smoot holly in the 1930s we know that if you impose these types of tariffs it's going to have the consequences that we are seeing now so with all of the info out there with all of the data that's out there how could it be that this is how do you how do americans process this moment governor
Well, it's about ideological, you know, it's an ideological endeavor. This, you know, Donald Trump, it's interesting. It's the one thing he's been consistent about. This is a former Democrat who was a pro-choice Democrat who contributed to Kamala Harris's campaign for attorney general in California.
And Donald Trump, though, has been consistent for decades and decades on the issue of tariffs and the fact that he believes that other countries have ripped us off. So in every respect, this is shocking, yes, because of the outsized consequences, but not surprising as it relates to the deeper issue at hand. It is, you know, how do we unwind this and how?
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Chapter 2: How does Trump's economic policy impact global stability?
And they are able to do it with an asymmetry in terms of their communication capacity that we have to address and you are addressing and we have to own up to. And we've got to rebuild that architecture or build that architecture so that we can compete in this space.
Because what you just said is not commonly known by the overwhelming majority of people that voted for Donald Trump that actually believe that that water was sent to Southern California. even though demonstrably we know that was not the case.
Governor, you are a fighter. You are known for being a top debater as well. And I'll just give you the example. You went on Fox News and you had Sean Hannity conduct a debate with you and Ron DeSantis, knowing that Hannity would, you knew they were going to do the stunts. You did that in front of millions of people on Fox. Look, The stakes don't really get higher than that.
So when people think about you, they think fighter, debater. So I have questions about the podcast. I'm sure you've heard these questions before. And I think it's only fair that I ask them on this show because what people were wondering When you had someone like a Charlie Kirk and a Bannon, they know that Newsom's a fighter. That's what they think.
So when you have them on the show, this is what the argument is. And then let me know. They said, look, Kirk said some bad and not Kirk says a lot of bad things. MLK is a bad guy. The Civil Rights Act of 1964 was a mistake. If you vote Democrats as a Christian, I think you can no longer call yourself a Christian. Black pilots. I'm sorry if I see a black pilot. I'm going to be like a boy.
I'm going to be asking if he's qualified or not. Bannon pled guilty to a felony contempt of Congress. So people are saying you have them on. Does it feel like you're normalizing them for not challenging them and hitting them for those ideas? Because you're a fighter and that's what you're known for. So what do you say to those people, Governor?
No, I appreciate that. I say what I said when I launched the podcast, that's not what this podcast is about. And if you're tuning in to watch a debate, turn on cable news. There's plenty of debates going on. Just go down, maybe go to Thanksgiving dinner and debate with your uncle. I'm not here to debate. I'm here to illuminate. I'm here to understand because, look, we lost the election.
We lost the popular vote. We don't have the House or the Senate. There's certain reality here. We're losing young men. And this perhaps to me is one of the biggest issues that define some of the challenges of the Democratic Party. Multi-ethnic young men in this country. These are trend lines that are growing to become headlines. And I want to understand how these guys work.
I want to know what their motivations are. I want to know how they operate. And I want to find areas where I want to find a capacity to understand and engage without demeaning. I do that plenty. I mean, you know, we're... You know, I'm going at it. We're doing we're litigating. We're doing lawsuits. I'm out there debating.
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