Valuetainment - April 24, 2025


＂This Is A Sh＊t Show＂ - Newsom's Olympic Plans UNDER FIRE Over $3 Billion Budget DISASTER!


Episode Stats


Length

9 minutes

Words per minute

183.707

Word count

1,789

Sentence count

142

Harmful content

Misogyny

1

sentences flagged

Hate speech

1

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Gavin Newsom is catching heat again as LA s 2028 Olympic bid is in peril. Is the coming Olympics why LA must be rebuilt? And what will that mean for the city s infrastructure, transportation, and tourism?

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Gavin Newsom, catching heat again as LA's 2028 Olympics in peril.
00:00:04.700 Rob, do you have this clip?
00:00:05.860 So I actually pulled a clip.
00:00:07.100 This is from January.
00:00:08.160 I don't remember, I don't know if you guys remember this,
00:00:09.940 but this was Governor Newsom talking about why they needed to rebuild California
00:00:14.380 during the wildfires and how it ties back to the Olympics.
00:00:17.140 Is this Vinny or is this Gavin Newsom?
00:00:18.820 This one was Gavin.
00:00:19.900 Okay, go ahead.
00:00:20.960 The next several years, Los Angeles will be host to the World Cup
00:00:24.020 and then the Super Bowl and then the Olympics.
00:00:26.240 With this rebuilding effort needing to take place,
00:00:30.560 is LA going to be ready for all of those global events?
00:00:33.160 My humble position, and it's not just being naively optimistic,
00:00:39.880 that only reinforces the imperative of moving quickly,
00:00:43.840 doing in the spirit of collaboration and cooperation.
00:00:45.620 I can't stop looking at his hands.
00:00:46.700 President of the United States, Donald Trump to his credit,
00:00:49.100 was helpful in getting the Olympics to the United States of America
00:00:53.220 to get it down here in LA.
00:00:54.540 We thank him for that.
00:00:55.700 This is an opportunity for him to shine, for this country to shine,
00:00:59.500 for California and this community to shine.
00:01:01.960 The opportunity with all of that and all that opportunity
00:01:05.760 and that pride and spirit that comes from not just hosting
00:01:08.320 those three iconic games and venues,
00:01:10.560 but also the opportunity, I think, to rebuild that.
00:01:14.020 That's why we're already organizing a Marshall Plan.
00:01:17.360 We already have a team of looking at reimagining LA 2.0,
00:01:21.120 and we're making sure everyone's included, not just folks.
00:01:23.200 He's saving money.
00:01:24.440 He no longer needs the sign language person.
00:01:26.260 The Olympics 2028 financial meltdown could cost,
00:01:29.440 with costs rising by $267 million,
00:01:32.040 and major sponsors like Salesforce, Toyota, Panasonic withdrawing,
00:01:37.520 leaving only Delta Airlines and Comcast.
00:01:40.100 As Eric Sheehan of Olympics LA stated,
00:01:44.440 it's an unacceptable gamble of public money,
00:01:47.080 and everything that we were told about these Olympics from the start
00:01:51.140 has turned out not to be true.
00:01:53.160 Gavin Newsom rebrand of the recovery games drew criticism,
00:01:56.060 with the People's City Council claiming it will be used as an excuse
00:02:01.380 to funnel money to the Olympics, policing, and surveillance.
00:02:03.940 While conservative Trish Reagan posted, Gavin Newsom claims the coming Olympics
00:02:09.160 is why LA must be rebuilt.
00:02:11.000 Is he high?
00:02:12.100 Transportation delays threaten chaos,
00:02:14.540 with LA's Metro's 28 planned projects reduced to 10 incomplete by 2028.
00:02:19.660 Tom, your thoughts.
00:02:20.820 Well, this goes back to 2017.
00:02:23.880 Vinny, the Olympics is about competition.
00:02:26.300 How many bidders was LA competing against in the final round
00:02:32.600 to get the Olympics for 2028, Summer Olympics?
00:02:36.000 Two?
00:02:36.780 Zero! 0.90
00:02:37.960 Because the others had backed out.
00:02:41.300 The others that were in there, I think it was Budapest, Hamburg, and Rome.
00:02:46.780 They backed out.
00:02:48.420 And Paris already had 24 locked up against the competition,
00:02:52.360 one of which was LA, and then nobody wanted it.
00:02:55.740 You know why?
00:02:57.080 Because if you go take a look at when the Olympics were in Greece,
00:03:01.620 and you go back and take a look at what all those things look like,
00:03:04.540 they spent billions of dollars, they built all these facilities,
00:03:07.940 the facilities are now rotting.
00:03:09.980 These little states, oh, we're going to bring all this stuff here.
00:03:12.520 London, London, before and after the Olympics.
00:03:15.360 You ready for this?
00:03:16.760 Tourism dropped the year,
00:03:19.120 and the hotels complained about it before and after.
00:03:21.240 You know why?
00:03:21.820 Because the hotels had all these refurbishments and upgrades
00:03:24.740 getting ready for the Olympics and all the people that would be there for the Olympics.
00:03:28.720 And then they raised their room rates
00:03:30.560 to help cover some of the improvements they made to their hotels.
00:03:33.500 And then people didn't come to London.
00:03:35.960 So London tourism, by the numbers, was down before and after the Olympics.
00:03:40.460 Having the Olympics usually costs a ton of money,
00:03:43.800 and you don't get the benefit to the local businesses or local infrastructure.
00:03:47.880 And the last point that Pat made in there,
00:03:51.100 when L.A. won the bid in the,
00:03:54.880 please take it, we'll give you about a billion dollars,
00:03:57.360 which is what the IOC said.
00:03:59.220 Please take it.
00:04:00.060 Just say yes.
00:04:00.920 We'll give you about a billion dollars.
00:04:02.640 And guess what?
00:04:04.140 They committed to all these transportation projects.
00:04:06.240 And that 28, 10 out of 28 are probably going to be finished.
00:04:10.880 The other transportation.
00:04:12.120 Wait, you have terrible traffic.
00:04:13.380 Don't worry.
00:04:13.780 We have 28 projects that we're going to do here.
00:04:16.080 Well, right now, the original budget was $5.3 billion.
00:04:19.720 The loss of sponsorship and what they think that the media is going to be,
00:04:24.800 they believe they're sitting right now at about $4 billion with tickets and everything.
00:04:31.040 Losses.
00:04:31.500 And, and, and, ready for this?
00:04:34.280 Here it comes.
00:04:35.280 Here it comes.
00:04:36.180 The current budget estimated for everything they need is $6.9 billion.
00:04:40.320 So they're estimating right now that it's probably $2.5 billion gap they have right now.
00:04:46.880 Oh, man.
00:04:47.880 And lastly, the Dems, including Karen Bass,
00:04:53.400 who have now pulled their comments back to sit with Gavin Newsom,
00:04:58.040 they were concerned about police militarization.
00:05:01.680 You know what that means?
00:05:03.260 The homeless and everything else,
00:05:05.140 they have to clean up the city because the entire world will be there with their cell phones,
00:05:08.860 taking pictures of L.A., and they want it to look good.
00:05:12.220 Do you remember what the mayor of San Francisco did when he had the International Council of Mayors?
00:05:17.780 Willie Brown shipped out all the homeless to Sacramento,
00:05:21.580 and they were hitchhiking coming back in,
00:05:24.000 but he cleaned up the city by artificially shipping people out,
00:05:27.140 and they got a lot of heat for it.
00:05:28.240 So there's people saying,
00:05:29.760 we're worried about police militarization.
00:05:32.080 Wait, why?
00:05:32.840 Because they know it's a hellhole,
00:05:34.420 and they know the cops have to crack down on homelessness.
00:05:37.020 They've got to ship homeless, and they've got to crack down on things,
00:05:39.280 so it'll look good and be nice for the 14 days of the 38th Summer Olympiad or whatever it is.
00:05:48.300 And you now have organizations in L.A., as reported by the Daily News,
00:05:53.040 that are saying you're talking about tearing down homes for some of these facilities.
00:05:59.360 It's called eminent domain.
00:06:00.980 This is a, I'll say it, this is a shit show.
00:06:04.280 And it was, now remember, Eric Garcetti led the charge,
00:06:08.400 and Trump supported and said, hey, it would be nice to have it in L.A.
00:06:11.840 Trump's just given support with his voice.
00:06:13.660 He's not the guy Eric Garcetti said, we have a plan, we're going to do all this.
00:06:16.900 And now the guy standing there now, well, we're rebuilding L.A. anyway because of all these fires.
00:06:22.600 We'll just finish the rebuild, and we'll call it the rebuilding year, the summer of rebuild.
00:06:28.960 And so Newsom deserves all the heat he's getting because all their cities refuse the Olympics
00:06:35.880 because what you end up afterwards is none of the benefits you thought you'd get.
00:06:40.480 Is there any way to say, you know what, we're two years out, Tom?
00:06:44.660 Two and a half years out?
00:06:46.000 We're almost three, how much, $3 billion short?
00:06:50.180 How about, we're sorry.
00:06:51.620 We don't have, California has no business having games right now.
00:06:55.740 That's my attitude.
00:06:56.440 Can they just say, listen, we're sorry we won the bid, but we can't afford anything right now?
00:07:01.700 I want to know what's going to happen.
00:07:04.000 And I think, you know what, I think what's, by the way, there are Democrats upset at Newsom
00:07:10.860 because they are going to Washington trying to get grants from our tax money for the Olympic shortfall
00:07:18.620 the same week that Gavin Newsom says, I'm suing the president.
00:07:22.660 Yeah.
00:07:23.040 It was the same week.
00:07:24.160 They were in Washington talking about getting money.
00:07:27.860 I'm actually excited for the Olympics.
00:07:31.160 When was the last time the United States hosted the Olympics?
00:07:33.460 I think it was in 1996, Atlanta, Georgia, I want to say.
00:07:37.820 Or was it Salt Lake City Winter Olympics?
00:07:39.680 Yeah, who cares about the Winter Olympics, Tom?
00:07:41.300 We're talking about men's sports here, bro, not fucking figure skating.
00:07:44.320 Sorry about that.
00:07:45.020 But I'm excited for the Olympics.
00:07:47.940 I mean, I'm sure that there's going to be perpetual mishaps and drama and screw ups in California.
00:07:55.480 Are you going to get to something?
00:07:56.400 That's what they do.
00:07:57.540 So there's no story.
00:07:59.180 You have an opinion?
00:08:00.840 Yeah, I'm excited.
00:08:01.880 That's it.
00:08:02.340 I'm excited for the Olympics to be in America because I'm a proud American.
00:08:06.720 I got you.
00:08:07.200 And I like patriotism.
00:08:08.440 I'm waiting for a point.
00:08:09.580 I'm like, you didn't even let me get to anything.
00:08:13.200 It took you 17 seconds to say you're excited four times.
00:08:15.880 You know, I'm going to call out anybody that doesn't make their point in three seconds moving forward.
00:08:19.620 Yeah.
00:08:19.820 I had no idea what was going to happen with the Yetis. 0.99
00:08:22.700 I had no idea.
00:08:23.760 When our team said, Pat, they're not going to last.
00:08:26.380 Like this, all of it was gone.
00:08:28.660 Next thing you know, we were swamped by messages of, Pat, can we get additional Yetis to do collaboration with Value Tim and the Future Looks Bright?
00:08:36.700 The next one is here.
00:08:37.920 Now, keep in mind, these will go very fast.
00:08:39.820 Rob, if you want to play this clip, we got different ones.
00:08:42.140 These are based on what many of you guys asked.
00:08:44.600 This is the Future Looks Bright Yeti, whether it's a pink one, whether it's the red one,
00:08:48.960 whether it's the Tiffany blue or the white.
00:08:52.800 This seems to be, this one seems to be, it's sick.
00:08:55.540 It's absolutely sick.
00:08:57.300 Yeah.
00:08:57.460 Or even a smaller one that you got.
00:08:59.420 And on top of this, Rob, if you can also go to the website, there are, I think it's 10 coolers that we got.
00:09:06.440 A couple of people asked for coolers.
00:09:07.520 Only 10?
00:09:07.780 I just got 10 of them.
00:09:08.580 We're like, let's just see if there's a market for it.
00:09:10.060 I guarantee you that they'll be gone before we're out with the episode.
00:09:12.580 I said, let's get 10 and let's see how it does.
00:09:14.700 Look at that.
00:09:15.020 Look how sick that is with Future Looks Bright right on top of it.
00:09:17.340 So badass.
00:09:17.720 So vtmerch.com, go place your order.
00:09:20.300 Be the first to get it because these things will go very quickly.
00:09:25.140 Again, it is limited supply and they're absolutely sick.
00:09:30.240 When you go to work and you have this vitamin logo and the future looks bright, it looks insane.
00:09:34.040 Okay.
00:09:34.520 Again, go to vtmerch.com, place your order with the Yeti collaboration.
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00:09:41.460 And if you want to watch the entire podcast, click here.