And, This Is How To Solve The Climate Crisis With President Clinton
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Summary
Bill and Hillary Clinton are joined by Governor Gavin Newsom and First Lady Jennifer Newsom to discuss the importance of small towns and their role in American history. Bill Clinton: "There's somebody everywhere from California to Japan, and there's somebody there from Arkansas." Hillary Clinton: "Bad things happen to good people in small towns."
Transcript
00:00:04.660
Please welcome to the stage Governor Gavin Newsom and President Bill Clinton.
00:00:30.000
I saw that video. I was here, I think, for 19 of, I mean, I've got more Clinton-isms.
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I'm going to enjoy this. This is going to be so funny.
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I met Gavin Newsom when he was mayor of San Francisco.
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And I said, God, I hate this guy. He's so tall.
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He's taller than I am, younger than I am, better looking than I am.
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But what really matters is he's a really good person.
00:01:34.260
The Big Take Podcast from Bloomberg News keeps you on top of the biggest stories of the day.
00:01:44.740
Chair Powell opened the door to this first interest rate cut.
00:01:50.640
This is a really stunning development for the AI world and how you think about your bottom line.
00:01:58.260
Listen to The Big Take from Bloomberg News every weekday afternoon on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
00:02:05.380
Hey, I'm Cal Penn, and on my new podcast, Here We Go Again, we'll take today's trends and headlines and ask, why does history keep repeating itself?
00:02:15.660
Each week, I'm calling up my friends like Bill Nye, Lilly Singh, and Pete Buttigieg to talk about everything from the space race to movie remakes to psychedelics.
00:02:28.140
Look, the world can seem pretty scary right now.
00:02:30.460
But my goal here is for you to listen and feel a little better about the future.
00:02:34.800
Listen and subscribe to Here We Go Again with Cal Penn on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
00:02:44.160
You might know me as that guy from Twin Peaks, Sex and the City, or just the internet stand.
00:02:49.160
I have a new podcast called What Are We Even Doing?
00:02:53.260
where I embark on a noble quest to understand the brilliant chaos of youth culture.
00:02:58.720
Each week, I invite someone fascinating to join me to talk about navigating this high-speed rollercoaster we call reality.
00:03:06.780
Join me and my delightful guests every Thursday, and let's get weird together, in a good way.
00:03:12.220
Listen to What Are We Even Doing? on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
00:03:48.920
The murder of an 18-year-old girl in Graves County, Kentucky, went unsolved for years.
00:03:59.160
Until a local housewife, a journalist, and a handful of girls came forward with a story.
00:04:08.080
Bad things happen to good people in small towns.
00:04:13.340
Listen to Graves County on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
00:04:24.040
And to binge the entire season ad-free, subscribe to Lava for Good Plus on Apple Podcasts.
00:04:29.580
So, I'm going to start with something that is easy, but I think it's important because
00:04:39.540
it's amazing that a lot of people don't know anything about California.
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I had more problems than you can imagine when I was elected president.
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And what I found was it was hundreds and hundreds of small towns in the cities and certainly beyond.
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I've been to the town in America that has the largest percentage of Japanese Americans.
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I went to a town campaigning for Hillary where the mayor, this little town in Northern California,
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the mayor was the son of the local judge in Fayetteville, Arkansas,
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when Hillary and I got married and went there to teach in the law school.
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And the old judge was a crusty old guy who let Hillary bring students into the legal aid program for the first time.
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And I'm standing in Northern California with the mayor.
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So, tell us, and I think it's now the fourth biggest economy in the world.
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So, tell us what you think we should know about what's going right in California.
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We're the most, in the spirit of your introductory remarks, just to set the scene,
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it's the size of 21 state populations combined.
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It's the most diverse state in the world's most diverse democracy.
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I say that because it needs to be said, and you reinforce it here today.
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It's in that diversity that we have achieved so much strength.
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Yes, we're the fourth largest economy in the world, $4.1 trillion a year,
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but we dominate with more engineers, more scientists, more Nobel laureates, more venture capital,
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the finest system of higher education, public higher education in the world,
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and business startups, number one in two-way trade, number one in direct foreign investment,
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in every category, the dominant manufacturing state, the dominant farming state,
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the dominant state as it relates to hunting jobs.
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But we're also in the spirit of the video in the how business.
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And this notion of the future is what animates California.
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And the future, as you said, final words you said, the word manifest.
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It's decisions, not conditions that determine our fate and future.
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And I think that mindset is the thing that defines the game played in California
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versus the game played in many other parts of the country.
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How have you used that to deal with the fires and the aftermath of it?
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You know, I was thinking of you coming 29 times.
00:08:47.240
Look, as it relates to fires, you know, we talk about the future happens in California first,
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Well, that definitely relates to what's going on around us.
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As it relates to the hot's getting hotter, the dry's getting drier, the wet's getting wetter.
00:09:01.100
This notion that, you know, we're dealing with extreme heat, extreme weather.
00:09:05.960
And as a consequence, the challenges that were presented as it relates to large-scale wildfires.
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And California had one of its most devastating wildfires earlier this year in the middle of winter.
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And I just want to remind people, in the middle of winter in Los Angeles,
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in the most resourced region in the United States of America,
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more firefighters per capita in L.A. County than any other part of the globe,
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in a state that has the largest civilian fleet of aircraft for fire suppression anywhere in the world,
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in a state where I've doubled the budget in terms of the state fire investments
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and 10x the investments in forest management and vegetation management,
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and yet still we lost 16,000 structures, homes and buildings,
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because we had a fire that was attached to 100-mile-an-hour winds
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in the middle of winter in Southern California.
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Places, lifestyles, traditions being wiped off the map.
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If you don't believe in science, you've got to believe your own eyes.
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And this notion, you talk about small towns in California,
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Grizzly Flats, Greenville, Paradise, California.
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And so I'm here with you, also here at the U.N. Climate Week,
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reasserting California's leadership in this space.
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California once again is reasserting itself on low-carbon green growth,
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reasserting itself in the work we're doing to address the challenges of climate change.
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And if I may just extend, forgive the extended point,
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And it didn't feel that way in the aftermath of those fires.
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We had 104 engines that we had prepositioned down there from the state two days in advance.
00:11:10.140
Well, the world, literally, we have people from around the globe that come to California
00:11:16.660
to learn about the latest technology, the latest innovation.
00:11:21.960
We were the first to demonstrate the benefits of those.
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A fire system, partnerships with Lockheed, the Pentagon,
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next level weather strategies and fusion centers and technology that we've integrated.
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All of those things, drone technology, all of that.
00:11:38.100
And yet still, we face the realities of these wildfires.
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It's all over the Western United States, for that matter, across the globe.
00:11:49.240
And I think the issue that is so under-resourced in terms of mindshare is the insurance issue.
00:11:54.600
And I think this issue, I really believe this, from a global perspective,
00:12:02.320
may be one of the most pressing global issues as it relates to the issues of climate change.
00:12:08.300
The inability to purchase a home, let alone to get a mortgage on a home,
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to develop a home with an insurance market that simply is no longer viable
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and make the kind of capital outlays and investments to address that issue.
00:12:26.500
I think this issue requires leadership at the national level.
00:12:33.440
It's a challenge for Ron DeSantis in Florida, for governors in most states.
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But it's not, I think, top of mind, and we need to be more focused on it.
00:12:47.260
Well, what do you think should be done about it?
00:12:55.680
I mean, I'm not trying to get you into a different job right now, but –
00:13:00.240
I don't want – people didn't come here to talk about insurance.
00:13:04.180
You know, we just put out our sustainable insurance strategy.
00:13:08.580
We just had four of our admitted market come back in in the last –
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in fact, two days ago, we had our fourth come back in.
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We had a lot of folks who were leaving the market, simply said we can't insure folks here.
00:13:18.900
It's too expensive, and the losses are too significant.
00:13:24.440
We had to address the capital needs of these companies.
00:13:28.020
And we also had to address the fact that California – and you wouldn't know this –
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is among the most affordable insurance markets in the country
00:13:36.100
because the voters initiated a framework on regulation that denied significant rate increases.
00:13:45.320
As a consequence of that, people started exiting the market.
00:13:49.120
And the reforms we've just put into place allow for more rapid rate increases.
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As we move from about average to below average in our rates, we're now starting to see those tick up.
00:14:04.820
But the benefit of that now, part of the strategy, is a requirement to come into California market
00:14:11.600
and also to insure in what we refer to as the WUI, which is the Wildland Urban Interface,
00:14:17.340
and to cover 85 percent of the WUI in return for those rate increases.
00:14:23.340
That is not something that on the macro is the solution from the U.S. prism or the global perspective,
00:14:30.000
but at the state level is advancing our reforms.
00:14:35.700
But this insurance issue is favoring – placing every state in one form or another.
00:14:45.420
I mean, there's no Republican, no Democratic thermometer.
00:14:49.140
I heard – and forgive me, I didn't come up here to take cheap shots,
00:14:54.380
but it's pretty remarkable what was said by the current president yesterday at the U.N. about climate.
00:15:15.420
I mean, the – what this guy has done – look, I live in a state, and, Mr. President, you'll appreciate this,
00:15:26.020
Ronald Reagan established the modern environmental movement in 1967,
00:15:29.760
year of my birth with the California Air Resources Board.
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And he did so because of the smog in Los Angeles.
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we simply can't do business in L.A., Mr. Governor.
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Three years later, it was Richard Nixon that codified that under the Clean Air Act
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and gave California a waiver that allowed us to pursue aggressive environmental policy.
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And that's why California has dominated the national debate in this space.
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What this president has done in eight months is jaw-dropping.
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What he has done to the EPA, what he's done to California's leadership,
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he's neutralized, he's eliminated under that Clean Air Act our authority to regulate tailpipe emissions.
00:16:18.200
What he continues to do in terms of trying to stop California's global leadership
00:16:24.820
as it relates to our partnerships around not only the country at a subnational level,
00:16:31.460
but around the globe in relationship to our cap-and-trade program,
00:16:36.860
in relationship to our other partnerships that we've established
00:16:40.460
as it relates to carbon capture and direct air capture and the technology in this space,
00:16:47.560
And so we are, you know, we're the last, we're, well, a game in town right now
00:16:52.720
as it relates to large-scale environmental leadership.
00:16:57.660
We have six times more green collar jobs, green tech jobs, than we do fossil fuel jobs.
00:17:04.680
And I think this is a point that should be emphasized.
00:17:08.180
You talk about California more than I emphasize it.
00:17:11.580
67% of our electricity grid is completely green and clean.
00:17:15.840
And we have run, which is not bad, but get this, nine out of 10 days in 2025,
00:17:25.220
we've run the fourth largest economy in the world at 100% clean green energy.
00:17:31.080
As of last Friday, 217 out of 243 days, 100% clean energy.
00:17:39.500
We're proving the paradigm, you know, the genius of and versus the tyranny of or.
00:17:45.020
And I think, you know, there's power in emulation, successless lead clues.
00:17:50.780
And I think California's been an interesting and a successful model in this space.
00:17:55.180
And we're just trying to navigate this new space as it relates to the macro headwinds
00:18:02.000
Tell our audience here a little more about what the components of your clean energy are.
00:18:16.120
Well, I think the thing that we've dominated in is the electricity architecture.
00:18:26.200
I signed the first executive order in the United States to require alternative fuel vehicles by 2035.
00:18:32.220
That was just taken away by Congress, the supine Congress and the President.
00:18:43.100
There's no Tesla without California's regulatory framework.
00:18:48.720
It was because of the regulations, because of those signals and the subsidies,
00:18:57.080
over $3.2 billion direct subsidies that Tesla received, just in my state alone, that built this market.
00:19:09.120
Over a quarter of all new car purchases in California are alternative fuel vehicles.
00:19:13.140
What Trump has just done, and with respect to some of the automobile manufacturers, is they've ceded this to China.
00:19:25.720
It's the tech stack that's part of these electric vehicles.
00:19:33.280
It is an act of vandalism on an economic basis, not just an environmental basis, that is deeply alarming.
00:19:40.420
And I hope people wake up to how China is just flooding the zone globally in this space.
00:19:55.340
It's not going to be American automobile manufacturers.
00:20:10.420
But I cannot impress upon you more how proud I am.
00:20:13.140
Sixty headquartered manufacturer of EV companies in the state of California.
00:20:16.960
Supply chain was one of our biggest exports five years ago.
00:20:24.620
And you see, if any of you have been to San Francisco, half the damn cars are driving themselves.
00:20:34.340
All the bi-directional opportunities, the two-way charging, the fact that these cars are little power plants on wheels.
00:20:42.940
And it's slipping away because of bad policymaking and short-termism.
00:20:47.180
So we're going to continue to push back against that.
00:20:49.800
But I think from a tech and innovation stack, that's our biggest area of focus.
00:20:54.760
The forces shaping the world's economies and financial markets can be hard to spot.
00:20:59.580
Even though they are such a powerful player in finance, you wouldn't really know that you are interacting with them.
00:21:08.180
Donald Trump's trade war 2.0 is only accelerating the process of de-dollarization, which in a way is jargon for people turning away from the dollar.
00:21:17.920
That is where the big take from Bloomberg Podcast comes in.
00:21:26.140
Every weekday afternoon, we dive deep into one big global business story.
00:21:30.780
The biggest story of the reaction of the oil market to the conflict in the Middle East is one of what has not happened.
00:21:37.700
Katie, you told me that ETFs are your favorite thing.
00:21:45.320
Our breakfast foods are consistent consumer staples, and so they sort of become outsized indicators of inflation.
00:21:53.200
Listen to the big take from Bloomberg News every weekday afternoon on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
00:22:00.300
The Crying Wolf Podcast is the story of two men bound by injustice, of a city haunted by its secrets, and the quest for redemption, no matter the price.
00:22:15.640
White victim, female, pretty, wealthy, black defendant.
00:22:20.820
Chicago, a white woman's murder, a black man behind bars for a crime he didn't commit.
00:22:26.660
I got 90 years for killing somebody I have never seen.
00:22:31.760
He says the police are his friends, and then that's it.
00:22:43.360
But on the inside, Lee Harris finds an ally in his celly, Robert, who swears to tell the truth about what happened to Lee and free his friend.
00:22:52.820
And if you're with me, your goal is to, uh, I'll take care of you.
00:22:59.820
Listen to the Crying Wolf Podcast starting on October 22nd on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
00:23:12.400
You might know me as that guy from Twin Peaks, Sex and the City, or just the Internet's dad.
00:23:17.800
I have a new podcast called What Are We Even Doing?
00:23:21.820
where I embark on a noble quest to understand the brilliant chaos of youth culture.
00:23:28.860
Each week, I invite someone fascinating to join me.
00:23:31.840
Actors, musicians, creatives, highly evolved digital life forms, and we talk about what they love.
00:23:38.800
Sometimes I'll drizzle a little honey in there, too, if I'm feeling sexy in the morning.
00:23:43.580
And you're maybe my biggest competition on social media.
00:23:47.800
And how they're navigating this high-speed rollercoaster we call reality.
00:23:52.420
In Australia, you're looking out for snakes, spiders, and f*** boys.
00:23:57.720
This is like the comments section of my Instagram.
00:24:01.220
Join me and my delightful guests every Thursday, and let's get weird together in a good way.
00:24:07.060
Listen to What Are We Even Doing on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
00:24:16.900
Hey, I'm Cal Penn, and on my new podcast, Here We Go Again, we'll take today's trends and headlines and ask,
00:24:26.600
You may know me as the second hottest actor from the Harold and Kumar movies,
00:24:30.600
but I'm also an author, a White House staffer, and as of like 15 seconds ago, a podcast host.
00:24:36.000
Along the way, I've made some friends who are experts in science, politics, and pop culture.
00:24:42.140
And each week, one of them will be joining me to answer my burning questions.
00:24:46.500
Like, are we heading towards another financial crash like in 08?
00:24:52.240
And how come there's never a gate ready for your flight when it lands like two minutes early?
00:24:56.840
We've got guests like Pete Buttigieg, Stacey Abrams, Lily Singh, and Bill Nye.
00:25:01.760
When you start weaponizing outer space, things can potentially go really wrong.
00:25:07.880
Look, the world can seem pretty scary right now, because it is.
00:25:11.300
But my goal here is for you to listen and feel a little better about the future.
00:25:16.000
Listen and subscribe to Here We Go Again with Cal Penn on the iHeartRadio app,
00:25:20.020
Apple Podcasts, or wherever you get your podcasts.
00:25:22.420
All I know is what I've been told, and that to have truth is a whole lie.
00:25:32.580
For almost a decade, the murder of an 18-year-old girl from a small town in Graves County, Kentucky,
00:25:41.900
Until a local homemaker, a journalist, and a handful of girls came forward with a story.
00:25:48.040
I'm telling you, we know Quincy Hilder. We know.
00:25:51.660
A story that law enforcement used to convict six people,
00:25:56.020
and that got the Citizen Investigator on national TV.
00:25:59.700
Through sheer persistence and nerve, this Kentucky housewife helped give justice to Jessica Curran.
00:26:08.440
I'm a Pulitzer Prize-winning journalist, producer,
00:26:11.420
and I wouldn't be here if the truth were that easy to find.
00:26:19.200
Or rape, or burn, or any of that other stuff that y'all said.
00:26:22.380
They literally made me say that I took a match and struck and threw it on her.
00:26:33.760
a show about just how far our legal system will go in order to find someone to blame.
00:26:42.480
Bad things happens to good people in small towns.
00:26:49.440
Listen to Graves County in the Bone Valley feed on the iHeartRadio app,
00:26:54.360
Apple Podcasts, or wherever you get your podcasts.
00:27:00.500
subscribe to Lava for Good Plus on Apple Podcasts.
00:27:03.540
To say a little bit about, as a practical matter,
00:27:19.820
and is there, has there been any obvious downside?
00:27:24.620
And if so, what is it and how should we manage it?
00:27:27.900
Well, and I sound like I'm bloviating and I can get into all the real problems in my state,
00:27:40.260
32 of the top 50 market cap companies on the globe, in the globe, are in California.
00:27:50.080
Back to this conveyor belt for talent, the UCs and the CSUs and Caltech and Stanford University,
00:27:55.280
research and development, the Lawrence Livermore Labs and Sandia Labs
00:27:58.780
and all the investments we're making in science.
00:28:01.780
And so it's happening there because the human capital's there.
00:28:05.440
It's why, you know, Elon talks a big game about Texas,
00:28:13.660
His global headquarters for R&D is in California,
00:28:23.260
18% of the global R&D in the state of California.
00:28:28.760
So it's unsurprising we're driving that innovation.
00:28:36.080
And as a consequence of having so much leadership residing in such a concentrated place,
00:28:40.980
California, we have a sense of responsibility and accountability to lead so we support risk-taking
00:28:49.500
From a regulatory frame, we're pretty much the only game in town as well.
00:28:54.100
You're seeing what they're trying to do federally to preempt states from regulating.
00:28:59.160
Ted Cruz, a few days ago, doubling down on that, that California needs to be neutered,
00:29:04.640
he says, in this space, even though we're dominating in this space.
00:29:09.180
And so we have worked with Fei-Fei Li, the godmother of AI.
00:29:15.560
And we put out a comprehensive white paper that really analyzed where we were from a regulatory
00:29:24.080
I've signed dozens of bills in this space, did the first executive order in the country
00:29:28.060
But in relationship to the unwinding of President Biden's leadership in this space and the new
00:29:34.580
focus on just let it rip coming out of the White House that David Sachs and others are
00:29:40.820
And we have a bill, forgive me, that's on my desk, that we think strikes the right balance.
00:29:49.840
And we worked with industry, but we didn't submit to industry.
00:29:54.780
We're not doing things to them, but we're not doing things necessarily for them.
00:29:59.880
And we're trying to answer that question from a policy perspective and find that right balance
00:30:06.260
where we can continue to dominate in this space, continue to support the ecosystem.
00:30:10.160
At the same time, address that peril and the concerns that legitimate people have.
00:30:22.580
Now, everywhere in the country, we read that men are alienated that they're not going to
00:30:40.080
They are not necessarily prepared for other jobs they can have.
00:30:46.200
And you actually tried to address this in a fairly comprehensive way.
00:30:52.260
And I'd be surprised if almost anybody in the audience who's not from California knows
00:30:59.100
So tell us a little about what you've tried to do to help young men.
00:31:10.220
Look, I was here 20 years ago because you tapped me on the shoulder of part of America's
00:31:17.780
You tapped me on the shoulder in a bipartisan way with General Powell.
00:31:22.040
And I'll never forget General Powell coming here and said,
00:31:23.940
no one stands taller than when he or she bends down on one knee to lift someone else up.
00:31:31.700
California now has a service corps that's larger than the Peace Corps.
00:31:39.260
College Corps, Climate Corps, in every category.
00:31:45.260
So we just announced to your question, in order to address the crisis of men and boys,
00:31:55.140
And I say that because it's hard for members of my own party to say that.
00:32:01.120
Because we some feel it's a zero-sum game that we have to address the issues of women
00:32:05.980
and girls and solve for them before we can get to the crisis of men and boys.
00:32:10.700
And when I say crisis, look at the suicide rates.
00:32:25.400
And in order to address this, we've been working with Richard Reeves.
00:32:28.840
We've been working at the Institute of Boys and Men.
00:32:30.520
We've been working with a lot of other folks to develop a framework, a plan to implement,
00:32:36.680
that builds on the constructs that you have framed around service, around mentorship, around tutoring,
00:32:46.520
the work my wife has done, who's done a number of documentaries in this space,
00:32:50.820
including one called Masculivin, about the crisis of masculinity,
00:32:54.240
and begin to substantively address these underlying issues and target interventions.
00:33:01.660
Service is at the core, but it's a component part of a larger strategy that we've just advanced at scale in California.
00:33:11.320
Just as an example, one of the areas that I never fully appreciated was the lack of men educating our kids.
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I didn't fully appreciate how few men are in those kindergarten classes, in those second, third grade classes, in middle schools.
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And so it just begins with just simple interventions.
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You know, I got a lot of closed fists when I did a podcast I started a few months ago.
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My first guest was Charlie Kirk, who flew out and visited with me.
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And the reason I had them on was this issue, because they have weaponized this grievance.
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And electorally, they achieved remarkable results.
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Charlie Kirk's ability, what he was able to achieve in terms of organizing the campuses,
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engaging these young men, addressing their grievances, giving them some sense of hope,
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that someone cared, that they mattered, that they were seen.
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He was able to produce and organize around that in a deeply meaningful way.
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And the Democratic Party was nowhere to be found on the issue.
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We need to address the issue because it's the right thing to do,
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you have lots of concerns, you know a lot about everything,
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In a democracy, the most important office, Brandeis said,
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And I think back to the spirit of your opening remarks
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absorbing what you've been about for all these years.
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you know, two decades of preaching this gospel,
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And I just think at this precious moment in our life,
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