Latest / Turley Talks / Ep. 3753 California’s $20 Wage DISASTER as Target CLOSES Stores Throughout the State!!!

Transcript

Ep. 3753 California’s $20 Wage DISASTER as Target CLOSES Stores Throughout the State!!! · Turley Talks

• 0:00
  [SPEAKER_00]: The liberal globalist order is on its brink and awakening a new conservative age.
• 0:06
  [SPEAKER_00]: And Dr. Steve Turley joined me every day as we discover answers to today's toughest challenges and explore the re-bondalization of conservative civilization.
• 0:18
  [SPEAKER_00]: This is Turley Talks.
• 0:20
  [SPEAKER_00]: There is most certainly one person on the planet, none of us would want to be right now.
• 0:26
  [SPEAKER_00]: And that's none other than California's
• 0:30
  [SPEAKER_00]: Gavin Newsom.
• 0:32
  [SPEAKER_00]: Not only is he being humiliated on the international stage while clicking glasses with his fellow globalist Elcat Davos, but his state is literally economically imploding as we speak.
• 0:46
  [SPEAKER_00]: The people standing at the World Economic Forum didn't just watch their own world unravel with Trump's speech, they actually watched a public execution
• 0:56
  [SPEAKER_00]: of an American governor in real time, and that's exactly what we're going to see as well.
• 1:04
  [SPEAKER_00]: Hey gang, it's me, Dr. Steve, your Patre professor.
• 1:06
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• 1:10
  [SPEAKER_00]: You're not going to get anywhere else.
• 1:11
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• 1:15
  [SPEAKER_00]: The ultra woke grease monkey governor Gavin Newsom was in Davos this week,
• 1:22
  [SPEAKER_00]: to court the world's globalists to come to a shattered state of California and Treasury Secretary Scott Besson couldn't help but remind everyone in attendance when an
• 1:40
  [SPEAKER_01]: ironic that, you know, Governor Newsom who strikes me as Patrick Bateman means sparkle beach kin, maybe the only Californian who knows less about economics and comma Harris.
• 1:52
  [SPEAKER_01]: He's here this week with his billionaire sugar daddy, Alex Sora's, and the Davos is a perfect place for a man who, when everyone else was on lockdown, when he was having people arrested for going to church, he was having $1,000 a night meals at the French laundry, and I'm sure the California people won't forget that.
• 2:15
  [SPEAKER_01]: And I can tell my message to Governor Newsom is the Trump administration is coming to California.
• 2:22
  [SPEAKER_01]: We are going to crack down on waste, fraud, and abuse.
• 2:26
  [SPEAKER_01]: And I was told he was asked to give a speech on his signature policies, but he's not speaking, because what of his economic policies brought?
• 2:36
  [SPEAKER_01]: Outward migration from California, a gigantic budget deficit, the largest homeless population in America, and the poor folks in the Pile Sades, who had their homes burned down, he is here, hobnobbing with the global elite, while his California citizens are still homeless.
• 2:57
  [SPEAKER_01]: Shame on him.
• 2:58
  [SPEAKER_01]: He is too smug, too self-absorbed, and too economically illiterate to know anything.
• 3:04
  [SPEAKER_00]: here hit that I mean that was one of the single most brilliant take-downs's fecteless failure of a governor who could only win in states that are as mired in electoral corruption as is california california
• 3:20
  [SPEAKER_00]: has the highest poverty rate in the nation bar none.
• 3:24
  [SPEAKER_00]: No other state even comes close.
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  [SPEAKER_00]: It has the widest income gap between middle income and upper middle income brackets and the widest disparity between rich and poor in the nation.
• 3:36
  [SPEAKER_00]: In fact, California's wealth disparity is actually worse than Mexico's.
• 3:42
  [SPEAKER_00]: It's worse than a third-world nation, 80% of California's jobs underscore that.
• 3:49
  [SPEAKER_00]: 80% are below the median wage, half of which are paid less than $40,000 a year.
• 3:57
  [SPEAKER_00]: California has the highest unemployment in the entire nation and has the highest level of illiteracy.
• 4:03
  [SPEAKER_00]: It is the very definition of a failed state.
• 4:12
  [SPEAKER_00]: an average number of 100,000 Californians leave the state as over and against those who move in.
• 4:21
  [SPEAKER_00]: And this freak has the goal to want to nationalize that statewide apocalypse by running for president and don't worry about at this point that guys not get even come close to getting the nomination, let alone the election.
• 4:38
  [SPEAKER_00]: and to make matters even worse, as Basin pointed out, Newsom is in the leadest hypocrite who preaches sacrifice all the while living like royalty, like, while everyone else was in lockdown.
• 4:50
  [SPEAKER_00]: And what a symbol that is for the whole of his state.
• 4:55
  [SPEAKER_00]: His latest disaster, again, note his latest
• 4:59
  [SPEAKER_00]: disaster is the fallout from his twenty dollar minimum wage law for fast food workers which he sold as a victory for working families.
• 5:09
  [SPEAKER_00]: Well the data's in and as I'm sure you would have guessed it's been an unmitigated disaster.
• 5:17
  [SPEAKER_00]: The multiple studies confirmed California lost between 10,000 and 23,000 fast food jobs in just 18 months.
• 5:30
  [SPEAKER_00]: Pizza Hut eliminated 1,200 delivery drivers before the law even took effect.
• 5:36
  [SPEAKER_00]: Rubius Coastal Grill, which invented the fish taco, closed 48 California locations in a single day and filed for bankruptcy twice in four years.
• 5:49
  [SPEAKER_00]: Foster's freeze workers in Leemore thought the April 1st closure announcement was an April Fool's joke.
• 6:00
  [SPEAKER_00]: Even workers themselves said they'd rather have jobs, pay them, you know, 12, 15 bucks an hour, then no jobs at $20 an hour.
• 6:10
  [SPEAKER_00]: Meanwhile, 89% of California fast food workers, who kept their jobs had their hours slashed, meaning they were actually making less money as a result.
• 6:26
  [SPEAKER_00]: Isn't economics fun?
• 6:28
  [SPEAKER_00]: You raise the minimum wage, and what do your employers do?
• 6:32
  [SPEAKER_00]: Well, they cut your hours.
• 6:34
  [SPEAKER_00]: So you end up making even less than before the minimum wage got raised.
• 6:38
  [SPEAKER_00]: Again, it's called economics.
• 6:40
  [SPEAKER_00]: Businesses will always buy definition.
• 6:44
  [SPEAKER_00]: Seek to cut costs so as to maximize profits.
• 6:47
  [SPEAKER_00]: That's the only way they can function as a business.
• 6:50
  [SPEAKER_00]: Anything else would be like trying to drive a car without fuel.
• 6:56
  [SPEAKER_00]: In the meantime, McDonald's prices in California have actually doubled since 2014 and customers earning under $45,000 a year of basically stopped eating.
• 7:07
  [SPEAKER_00]: They stopped eating there because they just can't afford it anymore.
• 7:13
  [SPEAKER_00]: Again, this is what happens when politicians prioritize virtue signaling over economic reality.
• 7:21
  [SPEAKER_00]: What's the old saying?
• 7:22
  [SPEAKER_00]: Right, everything, everything that, what, what is everything?
• 7:26
  [SPEAKER_00]: Woke turns to Dung to use the King James phraseology.
• 7:32
  [SPEAKER_00]: But the fast food collapse is just one symptom.
• 7:35
  [SPEAKER_00]: It actually gets worse.
• 7:37
  [SPEAKER_00]: It gets a lot worse.
• 7:39
  [SPEAKER_00]: Wait.
• 7:40
  [SPEAKER_00]: until you see this.
• 7:41
  [SPEAKER_00]: But you know, speaking the California crux, do you ever wonder how people like Nancy Pelosi seem to know exactly when to buy certain stocks?
• 7:50
  [SPEAKER_00]: How politicians seem to have a secret knowledge of what's going to do well in the market?
• 7:55
  [SPEAKER_00]: Well,
• 7:56
  [SPEAKER_00]: You know what it is, it's all insider trading.
• 7:59
  [SPEAKER_00]: Pelosi and her cronies in the beginning away with it for years, but guess what gang?
• 8:03
  [SPEAKER_00]: You and I actually have access to that very same inside information.
• 8:10
  [SPEAKER_00]: Thanks to a little SEC loophole, we can track what the big corporate CEOs are buying up in real time and then we could just ride their coat tails into financial success legally and ethically.
• 8:22
  [SPEAKER_00]: Once you learn the secret of the trade you're in,
• 8:24
  [SPEAKER_00]: Now, to do that, you've got to join me along with my good friend and training expert, Ross Givins, this Thursday, January 22nd at 3 p.m. Eastern.
• 8:34
  [SPEAKER_00]: Ross is the real deal.
• 8:35
  [SPEAKER_00]: His insider tips have led to returns of over 200 percent.
• 8:40
  [SPEAKER_00]: Some of hitters nearly high is 1500 percent.
• 8:43
  [SPEAKER_00]: It's going to be huge, but seats are limited.
• 8:46
  [SPEAKER_00]: So click the link below, snag one of the remaining
• 8:54
  [SPEAKER_00]: California has experienced a massive wave of retail and restaurant closures since 2023 driven by a combination of organized theft, rising operational costs and of course the state's $20 minimum wage for fast food workers that took effect back in April of 2024.
• 9:16
  [SPEAKER_00]: Target officially closed nine stores nationwide in September 2023 including three in the
• 9:24
  [SPEAKER_00]: citing theft and worker safety concerns.
• 9:27
  [SPEAKER_00]: The discount chain 99 cents only stores, permanent closed all 265 stores in California, eliminating approximately 14,000 jobs
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  [SPEAKER_00]: after filing for Chapter 11 bankruptcy.
• 9:43
  [SPEAKER_00]: In and out burgers officially left the state.
• 9:46
  [SPEAKER_00]: Additionally, pharmacy chains have accelerated closures with Walgreens shuttering at least 35 stores in California in the last two years.
• 9:55
  [SPEAKER_00]: In addition, as we've talked about before,
• 9:58
  [SPEAKER_00]: California's energy sector is being gutted as we speak, Chevron, one of the world's largest multinational energy corporations with a market capitalization approximately $300 billion ranked among the top five oil and gas companies in the world.
• 10:15
  [SPEAKER_00]: They are officially leaving California.
• 10:17
  [SPEAKER_00]: Chevron recently announced they were moving their headquarters to Houston this after calling the Golden State their home for over 140 years.
• 10:27
  [SPEAKER_00]: CEO Mike Worth was blunt us to why they were leaving Gavin Newsom's California is an unmitigated disaster simply to top a place to do business.
• 10:40
  [SPEAKER_00]: The taxes, the regulations are utterly out of control and it's not just Chevron.
• 10:45
  [SPEAKER_00]: Valera, which supplies the substantial portion of California's fuel, they have announced that they too are leaving California.
• 10:53
  [SPEAKER_00]: They plan on closing their Benisha refinery by April 2026, which economists say, well, have a devastating impact on the state's gas supply.
• 11:02
  [SPEAKER_00]: You think you think gas prices are high now, just wait to April.
• 11:10
  [SPEAKER_00]: So now you could see why gruesome news
• 11:14
  [SPEAKER_00]: He's desperate to try to find new businesses to move into his failed state.
• 11:20
  [SPEAKER_00]: But that's precisely why Scott Bassen called him out.
• 11:24
  [SPEAKER_00]: He was doing these businesses a huge favor by reminding them of California's mass exodus of their residents, their massive budget deficit, their largest homeless population in America and the ongoing fallout from devastating wildfires.
• 11:40
  [SPEAKER_00]: If you're a business person, the last place on the planet that you would want to do business is Gavin Newsom's California.
• 11:49
  [SPEAKER_00]: The good news is that it's becoming increasingly clear.
• 11:53
  [SPEAKER_00]: The question isn't whether Newsom will run for President 2028?
• 11:57
  [SPEAKER_00]: The question is whether anyone even inside the Davos bubble will take him seriously after this much deserved
• 12:09
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• 12:13
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• 12:31
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• 12:35
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• 12:48
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