FOX Business' Stuart Varney argued California's financial problems under Gov. Gavin Newsom's leadership make him an unlikely candidate to replace Biden as the Democrat nominee.
During his "My Take," on Wednesday, "Varney & Co." host Stuart Varney discussed the Democrats' dilemma with Gavin Newsom, arguing the California governor has done such a poor job with his own state that he might no longer be an option to replace Joe Biden.
Gavin Newsom is the governor of California. He wants to be President of the United States, but recently, he's been fairly quiet. CALIFORNIA GOV. No big national interviews. No grand policy statements. He's not even doing much with the Biden campaign. There's a reason for this. California is not doing well. It's a poor model for the rest of the country, Newsom is in deep financial trouble. He has run up a huge deficit. California is bleeding red ink because he's been spending big money. Now he's in retreat.
He's cutting government jobs, cutting some progressive climate programs, and cutting what are called "state operations." He wanted to cut $12 billion from public schools but the powerful teachers union soon got that reversed. Now he's desperately trying to reverse the $25 per hour minimum wage for all healthcare workers. He's scrambling. It's set to go into effect June 1st. That's this Saturday – he's scrambling.
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