on Apr 09, 2026 02:20 am
Matthew A. Winkler, Editor-in chief emeritus of Bloomberg News – Bloomberg News
Stephan: While the Trump MAGAt Republican policies are trashing the wellbeing of the people of the United States, there is a counterexample going on in California, the fourth largest economy in the world, and it is getting almost no media attention, except this Bloomberg article. It is being managed by Gavin Newsom, and demonstrates why Democrat governance, although far from perfect, is always superior to Republican governance.
Of all the prevailing media narratives around Gavin Newsom, the one that is most conspicuous by its absence is how under its two-term governor California became the top performing economy not just among its 49 siblings but also any developed nation. No wonderElon Musk quietly sought Newsom’s help when the world’s richest man sought to move a bunch of Tesla Inc. engineers back to the state after relocating them to Texas.
Amid the thousands of headlines referencing California failings with wildfires, droughts, floods, mass transportation, aging roads, education, homelessness, unaffordable housing, widening inequality and poverty along with the exodus of billionaires, corporate headquarters and longtime residents — never mind the “slick” label whenever the betting favorite for the 2028 Democratic presidential nomination is mentioned in the press – the Golden State (population 39 million people), just supplanted Japan (123 million) as the fourth-largest economy.
Gross domestic product surged 40% to more than $4 trillion, accounting for more than 14% of US output, after Newsom took office in […]
