Valuetainment - August 06, 2026


“$4 Billion Later” - CBS Exposes Newsom High Speed Rail FAILURE


Episode Stats


Length

14 minutes

Words per minute

191.37

Word count

2,694

Sentence count

192


Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 Newsom blamed Trump for high-speed rail, $4 billion funding.
00:00:04.300 Records show California never bought the trains it promised.
00:00:09.060 This is a CBS News story.
00:00:11.100 Not Fox, not Daily Caller, not Daily Wire, but Fox.
00:00:16.560 Not Breitbart, but CBS.
00:00:18.180 Not Vinny.
00:00:18.760 Let me read it to you.
00:00:19.740 Thanks, Tom.
00:00:20.360 California's high-speed rail authority repeatedly missed key deadlines to buy its trains.
00:00:25.100 A federal official cited when they put $4 billion in funding a year ago, more than a year and a half later, the original deadline.
00:00:32.900 The authorities still cannot say when it expects to award the contract.
00:00:36.840 The date remains to be determined.
00:00:39.040 And Governor Newsom called the federal withdrawal a political stunt to punish California.
00:00:43.760 Again, blaming Trump.
00:00:44.980 So who does he get?
00:00:45.680 You know this guy's name.
00:00:47.040 Attorney General Rob Bonta.
00:00:48.520 If you don't know who he is, pull him up.
00:00:50.200 Everybody should know who this guy is.
00:00:51.560 sued to stop what he called Trump's politically motivated attack,
00:00:55.620 yet six months later, California quietly dropped the lawsuit.
00:00:58.980 You know when?
00:00:59.860 Two days before Christmas with no press release and no explanation
00:01:03.000 because no one's paying attention to what's going on.
00:01:04.400 Nobody is. They're shopping.
00:01:05.820 Grant documents signed during Biden administration
00:01:09.780 required the rail authority to execute a train said contract
00:01:13.340 by December 31st, 2024.
00:01:15.620 California missed the deadline.
00:01:17.300 In sworn court filings, the authority issued a federal judge
00:01:20.040 It would execute a contract by December 1st, which is 12 months later in 2025, but missed that deadline to canceling the board meeting where the contract was expected to be approved.
00:01:29.460 Multiple sources said missing the revised deadline undercuts California's legal argument that it could be trusted to meet future deadlines by missing the deadline.
00:01:38.300 It set itself in court. The state had effectively proven the federal government point.
00:01:43.820 The project was not on track. And this is when it gets nasty.
00:01:46.540 This year, January, Newsom boasted that California is finally laying the tracks of the nation's first high-speed rail system.
00:01:55.520 Laying.
00:01:56.240 When the governor says laying, what does it mean?
00:01:58.900 They're doing construction.
00:01:59.940 They're starting.
00:02:00.680 Or he's hanging out with the wife of his campaign manager.
00:02:03.040 Does it mean we're starting or we're going to?
00:02:05.200 We're laying the tracks.
00:02:06.160 We are laying.
00:02:07.060 We are finally laying the tracks.
00:02:09.500 His words, quote, finally laying the tracks of the nation's first high-speed rail system.
00:02:13.740 but the state had not actually laid anything so he's lying high speed rail track what it built
00:02:20.080 was a railhead a logistics depot to receive and stage materials newsom is losing cbs and mainstream
00:02:29.620 media that you are not keeping your promises to californians how the hell you're going to keep
00:02:33.820 your promises to americans and you say you want to be a president tom your thoughts on the story
00:02:37.720 well first of all the reason cbs is covering it because they have permission to cover it they
00:02:41.200 spike other stories we saw dana bash we'll talk about a little bit later and you know absolutely
00:02:46.880 beside herself cheerleading for the dems and now they have permission pat they have been given
00:02:52.420 permission to to hit and they are hitting hard the reason you don't can't buy train cars with
00:02:57.180 four billion of the federal dollars there was no track so there's no place to put the train cars
00:03:01.360 wouldn't you buy them and put them in storage yeah i'm finally laying tracks instead of laying the
00:03:05.940 wife of my campaign manager here it is whoa there we go i mean it's a back boom for the win it the
00:03:13.680 issue pat is that that is now mainstream media is now calling out newsom for the gaps calling him
00:03:22.900 out for the fraud and calling him out for these things and they have permission to do so because
00:03:27.920 i believe when you say permission you think do you think dnc would not let this go out so you
00:03:32.940 think CBS first
00:03:34.900 contacts DNC and says, are you
00:03:36.900 okay with us writing this?
00:03:39.120 All the networks talk to
00:03:40.920 the RNC DNC. They talk to
00:03:42.760 everybody. And they've got
00:03:45.060 every presidential candidate
00:03:47.060 has got someone. You don't think
00:03:48.820 it's just the fact that Ellison's are now
00:03:50.940 taking over and the BS
00:03:52.940 is gone and you better start writing fairly
00:03:54.880 and honestly. Can we find out who actually was
00:03:56.840 a writer of this article? Can
00:03:58.880 you go to that article and let's see who wrote it? Who
00:04:00.780 is the person that wrote it? And can
00:04:02.800 we even go to previous things she's written type in julio julie watts cbs continue tom i just want
00:04:08.460 to know what happened here so and maybe i'm a little hyperbolic here but my point is you don't
00:04:13.700 see mainstream media even in the ellison era it says going out and hitting you have things and by
00:04:19.720 the way we've had there have been conversations that that said that we've been holding stories
00:04:26.180 or that we've been going light on stories and so this is a 22 time i mean award-winning journalist
00:04:33.300 Damn.
00:04:33.960 Yeah.
00:04:34.620 So guess what?
00:04:35.820 When a person like this, go up a little bit where it says 1.7 million COVID,
00:04:39.740 go down to the fifth paragraph, go a little bit lower, lower, lower, lower, lower.
00:04:43.680 What was that right there?
00:04:44.600 In 2022, Julie was honored with National Press Club, an Emmy Award.
00:04:47.780 The COVID lab state secret exposed.
00:04:50.160 The 14-month investigation was prompted by whistleblowers,
00:04:52.400 including California's $1.7 million testing lab.
00:04:55.240 Okay, so no, Tom, I don't think this is the one that needed permission.
00:04:58.020 I think she legitimately is somebody that does her job right,
00:05:02.500 That's calling out California because she's got the reputation to do so.
00:05:07.280 Wow.
00:05:07.860 Have you ever heard about her or no?
00:05:10.240 I know the trial by, I did not know she was the author of trial by fire.
00:05:15.560 Good, good for her.
00:05:17.160 Good for her to have done something like this.
00:05:19.400 How, Tom, how, how bad is it when a Newsom California loses someone like CBS like this?
00:05:26.600 This is not a regular person writing this article.
00:05:28.960 How bad is it for Newsom?
00:05:30.340 Well, I think it's very bad.
00:05:31.900 And we were talking about Newsom a week ago on his on the trend of his polling, the trend of his the likability, you know, the net positivity rating, the net approval rating, as they say, people that approve, disapprove and stuff and how his net is low and has been trending down.
00:05:48.160 All of those numbers are now on the board.
00:05:52.120 The numbers are screaming and now the words are talking.
00:05:54.660 And in this case, you know, I'll step back from my saying permission, but I still say that when the mainstream media is out there talking about it, the DNC tries everything they can to stop it.
00:06:05.020 Now, in the case of CBS and this Emmy Award winning reporter, OK, I'll give you that.
00:06:09.860 But it is bad news for Newsom on top of last week's bad numbers for Newsom.
00:06:15.540 Check this out. Look at this here with Cal sheet.
00:06:18.400 OK, 67 million dollars put up.
00:06:22.140 So this is real money.
00:06:26.340 96% chance that Javier Becerra is going to become the governor.
00:06:30.980 Steve Hilton, who we've had on, is only at 4%.
00:06:33.820 And you know what Javier Becerra is?
00:06:35.740 Javier Becerra is more of an AOC, Mamdani type of a camp.
00:06:41.240 He's even worse than Newsom is what a lot of people say.
00:06:44.080 That's exactly it.
00:06:45.800 Buckle up.
00:06:46.440 Buckle up, California.
00:06:47.580 You get what you vote for.
00:06:48.440 Yeah, so let me ask you a question, though.
00:06:49.720 I'm very curious.
00:06:50.800 So CBS has to know if you're going to run that story, Newsom is neck and neck with AOC, then you're knowingly and willingly letting the communist wing of your party move up.
00:07:03.120 They have to know that. They're not stupid. And this goes back to my point about what the Democratic stand for.
00:07:08.720 Look at what was Newsom's platform. Newsom's platform is Trump, Trump, Trump, Trump, Trump.
00:07:13.660 And then finally, Pat, people looked and went, wait a minute, you just put out your fake tax thing.
00:07:18.800 You lied about this. You lied about the homeless. You lied about everything.
00:07:22.420 And again, they're left with it. This is the this is the party that they've left with that they deserve, Pat.
00:07:28.540 And I hope the income that they put up on how much money he made.
00:07:31.480 I don't know if you saw that or not. ABC News tax returns shows that California's Newsom was earning between one point seven to two million dollars a year annually.
00:07:40.440 This was just put up two days ago.
00:07:44.540 Newsom and his wife made $1.72 million annually from 2022 to 2024,
00:07:49.700 paying about half a million dollars in federal and state tax,
00:07:53.240 according to no more than 400,
00:07:54.480 no more than 700 pages of tax return released by his office.
00:07:58.280 The filing offer a window in Newsom's finances as he prepares to leave office
00:08:02.660 and consider a bid for 2028.
00:08:04.760 When the family sold a Martin County house for $6 million and reported $4.2
00:08:08.880 million in income that year,
00:08:10.440 That was in 19, and then it was the first time he really returned since 2022.
00:08:16.020 And there's some earner on terms of competition.
00:08:17.560 Yeah, so $1.7 to $2 million they make annually between the two of them.
00:08:20.800 Yeah, and his wife allegedly dropped $200,000 on household staff
00:08:24.860 and wrote a $45,000 write-off on Armani clothing.
00:08:29.560 So that's the type of people that I want.
00:08:32.760 Everybody does that.
00:08:33.600 Everybody writes off $45,000 on Armani clothing.
00:08:35.460 That was last week for me.
00:08:37.320 So, yeah, it's funny, though.
00:08:40.060 And, Tom, that's the last time I'm going to say this is what they get.
00:08:44.860 This is what you get when you don't hold your own politicians' foot to the fire
00:08:48.800 and make them step up because everything has been about Trump.
00:08:51.920 So, okay, good for you.
00:08:53.820 What's going to be interesting is you have to realize Newsom's camp
00:08:59.600 and AOC's camp and Mamdani's camp, they're not on the same page.
00:09:02.420 No, I don't think so.
00:09:03.240 Don't think they're on the same page.
00:09:05.000 Newsom will go on to any page.
00:09:06.240 That's what I was just going to say about Newsom will jump on any boats.
00:09:09.960 Newsom is worse than John Kerry.
00:09:11.860 You know what they used to call John Kerry?
00:09:13.460 Flip-flopper.
00:09:13.960 He was a flip-flopper.
00:09:15.080 Worse than LeBron?
00:09:16.320 Not as worse.
00:09:17.160 No, that's the goat.
00:09:18.180 Donnie is not a flip-flopper.
00:09:19.760 He's not a flip-flopper.
00:09:20.600 Look, talk is cheap, man.
00:09:23.100 And I'm sick of people just saying what they're going to do.
00:09:27.140 Show me.
00:09:28.120 Show me the money, our friend Cuba Goodingham.
00:09:29.880 Show me your resume.
00:09:31.720 When people come for a job, they have to show you the resume.
00:09:34.200 You look at the resume, some of these cast of characters that are in the DSA
00:09:38.600 and the democratic party this far unfortunately their resume is basically blank you have career
00:09:43.080 politicians who've never had a real job you have a former waitress okay you have a failed rapper
00:09:48.540 you have professors who have never taught business they don't have anything on their resume
00:09:53.700 so in the capitalist side of things coconut you have freedom free enterprise look at their resume
00:10:00.760 they built these businesses i'm sorry i'm really fixated on this concept of freedom because on the
00:10:05.980 on the the right side of things you have freedom and on the left side of things you have free and
00:10:11.220 dumb it's really what it comes down to because everything's free with these people free housing
00:10:16.100 free health care free college free borders open the borders free prisons open the of course free
00:10:22.000 palestine who doesn't want a free palestine at the end of the day i want a businessman i want
00:10:27.620 people to build something i want somebody legitimately when they come for the job look
00:10:32.540 at their resume and look at their accomplishments stop telling me what you're going to do show me
00:10:36.700 the money yeah i mean look uh it's it's uh it's a real concern going in that uh for republicans
00:10:45.900 the part that they got to figure out is affordability they really do you can't be
00:10:49.640 cocky about it and arrogant about it's a real issue and this is pretty much the last chance
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