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

Missing Federal Deadlines [0:00]

• California’s high-speed rail authority missed the December 31, 2024, deadline to execute a train-set contract, a requirement for $4 billion in federal funding.
• The authority has yet to determine when a contract will be awarded, despite receiving the funding over a year and a half ago.

• The authorities still cannot say when it expects to award the contract. The date remains to be determined.

Legal Missteps and Failed Promises [0:40]

• California attempted to sue the federal government over the funding but quietly dropped the case two days before Christmas without a public explanation.
• The state missed a revised goal of December 1, 2025, to approve a contract, effectively proving the federal government's point that the project is not on track.

• By missing the deadline, it set itself in court, the state had effectively proven the federal government point.

The "Laying Tracks" Controversy [1:28]

• Governor Newsom claimed in January that the state was "finally laying the tracks," but no actual high-speed rail track has been installed.
• The site currently features a railhead and logistics depot for material storage, rather than the promised rail infrastructure.

• When the governor says laying, what does it mean? They're doing construction. They're starting. Or he's hanging out with the wife of his campaign manager.

Media Scrutiny and Political Fallout [2:18]

• Mainstream media outlets, including CBS, have begun reporting on the project's failures and the lack of transparency from the governor's office.
• Observers note that the governor's approval ratings are trending downward as these project gaps become public knowledge.

• The issue, Pat, is that it is now, mainstream media is now calling out Newsom for the gaps, calling him out for the fraud, and calling him out for these things.

Financial Disclosures [4:40]

• Tax returns released by the governor's office reveal he and his wife earned between $1.7 million and $2 million annually from 2022 to 2024.
• The filings highlight significant personal expenditures, including household staff costs and clothing write-offs.

• Newsom and his wife made $1.7 to $2 million annually from 2022 to 2024, paying about half a million dollars in federal and state tax.

Future Implications [5:25]

• Critics argue that the lack of accountability regarding the rail project reflects broader issues with the current political leadership in California.
• There is ongoing speculation regarding the state's political future and the potential for other figures to rise within the Democratic party.

• This is what you get when you don't hold your own politicians' foot to the fire and make them step up.