Morning Wire Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25
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Mar 16, 2025 In this engaging discussion, investigative journalist Susan Crabtree, co-author of "Fool's Gold," uncovers the tangled relationships between Governor Gavin Newsom, PG&E, and the influence of China on California politics. She covers the controversial bailouts for utility companies following devastating wildfires and the implications for taxpayers. Crabtree also highlights the repercussions of early inmate releases during COVID-19, leading to a rise in crime. Additionally, she critiques Newsom's approach to transgender policies in sports, revealing the complexities of governance in the state.
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Newsom's Wildfire Cash Windfall
- Governor Newsom received $700,000 from PG&E, a utility responsible for California's deadliest wildfire.
- Despite this, Newsom bailed out PG&E, using taxpayer money, preventing their bankruptcy.
Newsom's China Connection
- As mayor, Newsom co-founded a non-profit with a Chinese billionaire tied to the CCP.
- This facilitated Chinese criminal infiltration and property acquisition in California.
China SF: Permit Expediters
- Newsom's nonprofit, China SF, streamlined permits for Chinese companies, including one later fined for bribery.
- This gave Chinese firms an unfair advantage over Californian developers.
