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Jed McFatter

đŸ‘€ Person
34 total appearances

Appearances Over Time

Podcast Appearances

Morning Wire
Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

He takes a photo with China SF at Z&L Properties with his arms around some of the other employees there. And on that exact same day, he received over $20,000 in donation from this same company. Hmm.

Morning Wire
Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

He takes a photo with China SF at Z&L Properties with his arms around some of the other employees there. And on that exact same day, he received over $20,000 in donation from this same company. Hmm.

Morning Wire
Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

Well, there wasn't much backlash. A lot of people don't really realize how much he's been connected to or helped to create this nonprofit. But also nobody's ever reported that he received this money from ZNL because it was given as an anonymous donation just from ZNL. So it's never been reported that he got this money from this organization. So you guys are breaking that element of this story.

Morning Wire
Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

Well, there wasn't much backlash. A lot of people don't really realize how much he's been connected to or helped to create this nonprofit. But also nobody's ever reported that he received this money from ZNL because it was given as an anonymous donation just from ZNL. So it's never been reported that he got this money from this organization. So you guys are breaking that element of this story.

Morning Wire
Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

Correct. Yes, we're breaking that element of the story.

Morning Wire
Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

Correct. Yes, we're breaking that element of the story.

Morning Wire
Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

Have we seen these continuing questionable relationships with Chinese entities? Yes. In fact, China SF, what he did was when he became lieutenant governor, one of the last things he did as mayor is he wrote a statement where he said that he was going to embed the China SF model into state level trade office. And it did. Now it's embedded.

Morning Wire
Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

Have we seen these continuing questionable relationships with Chinese entities? Yes. In fact, China SF, what he did was when he became lieutenant governor, one of the last things he did as mayor is he wrote a statement where he said that he was going to embed the China SF model into state level trade office. And it did. Now it's embedded.

Morning Wire
Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

within the state, it's called GO-Biz, I think is the name of it, but it's basically their kind of trade office. So it's still there. You know, he's brought it along the whole way. And here's the thing that really got me about this case with ChinaSF is that they gave him various incentives to come, right? All kinds of things to draw him.

Morning Wire
Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

within the state, it's called GO-Biz, I think is the name of it, but it's basically their kind of trade office. So it's still there. You know, he's brought it along the whole way. And here's the thing that really got me about this case with ChinaSF is that they gave him various incentives to come, right? All kinds of things to draw him.

Morning Wire
Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

And one of the things he actually says when he's talking about this program is you will never have to deal with the bureaucracy. He's talking to the Chinese companies and he says, we will carry your permits through the entire bureaucracy. And to me, that's just very shocking when you consider like California is notoriously difficult to get construction jobs done, these big real estate projects.

Morning Wire
Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

And one of the things he actually says when he's talking about this program is you will never have to deal with the bureaucracy. He's talking to the Chinese companies and he says, we will carry your permits through the entire bureaucracy. And to me, that's just very shocking when you consider like California is notoriously difficult to get construction jobs done, these big real estate projects.

Morning Wire
Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

You've got to pay permit consultants to expedite it and everything. And a lot of these permit consultants get busted in these big schemes, fraud schemes that have taken place. And so in effect, Gavin Newsom and China itself kind of acted as like permit expediters for Chinese companies. Yet U.S., you know, California developers, they didn't get this same deal.

Morning Wire
Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

You've got to pay permit consultants to expedite it and everything. And a lot of these permit consultants get busted in these big schemes, fraud schemes that have taken place. And so in effect, Gavin Newsom and China itself kind of acted as like permit expediters for Chinese companies. Yet U.S., you know, California developers, they didn't get this same deal.

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