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

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 24 April 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

Gavin Newsom faces backlash as LA’s 2028 Olympics spirals into financial chaos. With costs ballooning, major sponsors backing out, and infrastructure projects falling behind, critics say California bit off more than it can chew. The PBD crew unpacks what went wrong—and who’s footing the bill.

Transcript

Click on a timestamp to play from that location

0:00.0

Gavin Newsom, catching heat again as LA's 2028 Olympics in peril.

0:04.7

Rob, do you have this clip?

0:05.8

So I actually pulled a clip.

0:07.1

This is from January.

0:08.1

I don't remember.

0:08.7

I don't know if you guys remember this, but this was Governor Newsom talking about why they needed to rebuild California during the wildfires and how it ties back to the Olympics.

0:17.1

Is this Vinny or is this Gavin Newsom?

0:18.8

This one was Gavin.

0:19.8

Okay, go ahead. Of course, the next several years, Los Angeles will be hosted to the World Cup and then the Super Bowl and then the Olympics.

0:26.6

With this rebuilding effort needing to take place, is LA going to be ready for all of those global events?

0:32.6

My humble position, and it's not just being naively optimistic, that only reinforces the imperative

0:42.3

moving quickly, doing in the spirit of collaboration cooperation.

0:45.7

I can't stop looking at his hands.

0:46.6

Because of the United States, Donald Trump, to his credit, was helpful in getting the Olympics

0:50.7

to the United States of America to get it down here in LA. We thank him for

0:55.4

that. This is an opportunity for him to shine, for this country to shine, for California and this

1:00.9

community to shine, the opportunity with all of that and all that opportunity and that pride and spirit

1:06.9

that comes from not just hosting those three iconic games and venues, but also the opportunity,

1:12.6

I think, to rebuild that.

1:13.7

That's why we're already organizing a Marshall Plan.

1:17.3

We already have a sooner looking and reimagining L.A. 2.0.

1:21.1

And we're making sure everyone's included, not just.

...

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