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Episode Summary:
Jon Fleischman is joined by Katy Grimes, Editor-in-Chief of the California Globe, for a fast-moving conversation on the state of California politics.
They break down the still-unsettled 2026 governor’s race, the danger of Republicans being shut out of November, Xavier Becerra’s sudden rise, Tom Steyer’s spending, Matt Mahan’s political problem, and why the recent debate format failed voters.
Then they turn to two major policy fights: the proposed billionaire tax and California’s collapsing high-speed rail project. Jon and Katy discuss why the billionaire tax is about much more than “taxing the rich,” how it could open the door to broader asset taxation, and why high-speed rail has become less of a transportation project than a permanent union jobs program.
They close with Gavin Newsom: his lower public profile, the first partner problem, the PAC-funded book controversy, and the bigger question of whether donor money is being used to polish his national ambitions.
Topics Covered:
00:00 Welcome And Setup With Katy Grimes
02:39 Introducing Katy And The California Globe
04:52 Why So, Does It Matter? Exists
07:48 Today’s Topics
09:28 The California Governor’s Race
10:13 Why The Race Still Feels Undefined
11:00 The Undecided Voter Problem
13:47 Why National Politics Complicate California Politics
15:20 The Two-Republican Fantasy
16:03 The Real GOP Risk In November
17:51 When Will California Democrats Finally Get Fed Up?
18:38 Xavier Becerra’s Sudden Rise
19:31 Matt Mahan’s Oatmeal Problem
22:15 Becerra, Steyer, And The Democratic Status Quo
23:36 Tom Steyer’s Unpredictability
25:43 Why The Debate Format Failed Again
26:41 A Better Debate Format For CNN
28:39 The Billionaire Tax Proposal
29:15 SEIU’s Role Behind The Measure
30:20 The Dangerous Expansion Clause
31:01 Why Every Taxpayer Should Pay Attention
32:01 Katy On The Asset-Tax Problem
33:49 How The Measure Will Be Sold To Voters
34:20 Countermeasures And Ballot Strategy
35:48 High-Speed Rail
36:40 From $33 Billion To $231 Billion
37:19 Why Katy Calls It A Jobs Program
38:24 The Cesar Chavez Memorial Detour
40:32 Legislative Abdication And Union Power
41:05 Cap-And-Trade, Cap-And-Invest, And The Rail Boondoggle
42:29 The New Plan And The Missing Transparency
43:13 Why This Will Haunt Newsom On The Trail
44:26 Gavin Newsom’s Lower Profile
45:04 What Has Newsom Been Doing?
45:34 The First Partner Problem
46:50 The Newsom Book Rant
47:19 PAC Money And Bulk Book Purchases
48:21 Who Profits When The Books Are Bought?
49:44 The Bigger Donor-Money Question
