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GCA Forums News for Monday June 16 2025
GCA Forums News: National Roundup for June 16, 2025
Welcome back to GCA Forums News. On this Monday, June 16, we sift through police sirens blaring in Los Angeles, the latest on rent prices, a Federal Reserve meeting, faded growth predictions, and a slug of headline news that keeps rolling in.
Housing and Mortgage Market: A Stagnant Landscape
The American housing scene still feels frozen in 2025. Sky-high mortgage rates and stubborn cost-of-living bites leave most buyers and sellers staring at each other across the dinner table, unsure who should move first. Freddie Mac clocked the average 30-year-fixed mortgage at 6.84% in the week ending June 12, just a hair below last week and still hugging that 7% line we first spotted in 2022. Analysts whisper that we will drift around 6.8% for the rest of the year, with anything that looks like real relief probably sleeping until after summer.
Inventory vs. Demand
Housing listings recently hit the highest level since early 2020, yet markets feel surprisingly cool. Why? Federal Reserve of St. Louis data point to stubbornly high interest rates and an economy that still feels shaky. Many homeowners locked in mortgage rates under 5 percent refuse to move, so extra homes tend to disappear as quickly as they appear. Prices tell their own story; the Q1 2025 median home now sits at $416,900, nearly double the $208,400 recorded in Q1 2009. Real estate agents describe a frosty atmosphere; properties linger for months even in once-red-hot cities like Austin, Texas.
Renting vs. Buying
In this pricey climate, leasing looks smarter for many people. A 7 percent mortgage adds extra cost to steep prices, and monthly rent offers more wiggle room if a layoff strikes. Redfin chief economist Daryl Fairweather sums it up: Putting a down payment down feels like a gamble when paychecks could vanish in six months. On the flip side, shelter inflation of about 4 percent annually keeps pushing rents upward, pinching budgets that already squeak.
Fed Chair Powell in the Hot Seat
Jerome Powell and his team at the Federal Reserve are feeling the heat these days. When the committee met in May 2025, they chose to keep the funds rate between 4.25% and 4.5%, a choice they tucked under mixed signals and a White House still sorting out its next moves. Powell says he wants more proof and more numbers trimming those rates.
Meanwhile, President Trump isn’t hiding his frustration. The ex-president and TV real estate star Grant Cardone both blame the same high rates for dragging the housing market into the dirt. Cardone went so far as to say Powell’s course has hurt the middle class more than any previous Fed chair ever did, a claim he was glad to repeat on cable news. Trump, louder still, has demanded a one-percentage-point slash, arguing that such a cut would set off the economic fireworks voters expect. Powell, however, keeps waving the red flag about what that might do to inflation.
Interest Rate and Mortgage Rate Forecast
Because inflation increased to 2.4% in May and job growth stayed steady, most market watchers think the Federal Reserve will leave rates alone this summer. The central bank has quietly signaled that an indecisive pause beats a rushed cut when the unemployment rate sits at 4.2% and another 139,000 jobs appear on payrolls. Mortgage costs still dance to the beat of the 10-year Treasury yield, which is just over 4.4%, so homeowners should expect 30-year fixed quotes in the mid-to-upper-6 % territory until at least 2025; a broader drop to 5.5% in 2026 is only likely if inflation proves it can cool for real.
Economic Outlook: Inflation, Unemployment, and Cost of Living
The U.S. economy feels tugged in opposite directions: the jobless rate sticks at 4.2% while consumer spending slows and quarter-one growth drifts toward zero, sparking chatter about stagflation. May’s Consumer Price Index came in with a 2.4% year-over-year, slightly softer than many had braced for, but that single number still stops the Federal Reserve from crossing the threshold to cut costs. Families pay close attention to groceries, rent, and gas, and those everyday prices continue to pinch budgets even as the headline rate eases, so relief looks more like a promise than a paycheck.
Household finances still ache because rent is pricy, home loans cost a lot, and Trump-era tariffs linger. Buying a new car, snatching up a pair of jeans, or stocking the pantry has gotten trickier since 25 percent is still tacked on imports from Canada and Mexico, 55 percent from China, plus that 10 percent blanket levy across the board.
Consumer prices could nudge higher again if supplies stay squeezed and manufacturers pass on those extra charges. Economists are watching inflation numbers as baseball fans track the score in extra innings.
Wall Street and the bond pit have felt jumpy every Tuesday, Wednesday, and Thursday lately. Bad data can whiplash stocks, while good news hardly budges the 10-year Treasury yield, which refuses to settle either up or down. Money that usually pours into government notes for safety has hesitated because investors remain spooked by one injury: high inflation, high debt, and shaky jobs.
Even mortgage rates are on pause, like someone biting their tongue before making a tough call. That uncertainty keeps bond traders at arm’s length, muting buyers’ excitement.
Since swearing in again on January 20, 2025, Trump has kept his word, waving his “Big Beautiful Bill” every chance he gets. The plan could blow the federal deficit sky-high, and bond markets fear the hangover will show up in sharper yields and pricier home loans.
Critics say the tariffs pinch families hard, but supporters streak red, white, and blue, claiming the levies guard American jobs. Either way, price tags keep increasing, and the debate may outlast the sticks placed on every cargo ship at the Long Beach dock.
Trump and Musk: A Rocky Relationship
Donald Trump and Elon Musk used to trade compliments on Twitter, but the mood turned sour. On June 5, 2025, Trump blasted Musk in front of a rally crowd and called his latest project a publicity stunt nobody asked for.
Musk landed a big seat as chief of the new Department of Government Efficiency-DOGE, as the tabloids nicknamed it. Inside the tiny office, a squad of forensic auditors is combing through federal books and scanning for obvious fraud.
Curious supporters ask the same question at town halls: Where are the indictments? So far, high-profile names, such as POTUS Biden, Homeland Security head Alejandro Mayorkas, and a few others, have avoided handcuffs, and the silence is eating away at the base.
Bondi, Patel, Bongino: The Controversial Picks
Former Florida Attorney General Pam Bondi, now eyeing the A.G. seat, has defenders who love her grit but worry she can untangle the web of federal probes. Kash Patel, the short-tenured FBI chief, and Dan Bongino, a podcaster with a badge-and-briefcase past, both draw heat for resumé gaps that leap off the page. Bondi loyalists cheer her sparks on TV but admit her white-collar courtroom chops aren’t proven at the scale. Legal pros point out Patel’s days as a public defender aren’t exactly the FBI playbook, and Bongino’s decade talking into Mike’s isn’t the same as running field agents. Even tech-savvy cops note that the bureau’s toolkit has outdated the Secret Service rotation Bongino logged ten years back.
A Nation Divided
Public sentiment on Trump sits at opposite ends and shows no sign of middle ground. Fans of the president pile praise for inflation drifting to 2.3% in April, a drop many think proves his course is at least heading in the right direction. Detractors flip the script, reminding anyone who listens that promised nationwide prosecutions never arrived, and the red ink from tariffs and growing deficits still stares us in the face.
New York Attorney General Letitia James: Mortgage Fraud Allegations
Attorney General Letitia James has her eyes on mortgage fraud, hunting down lenders who may be squeezing borrowers. As of June 16, 2025, there is still radio silence on whether a federal grand jury will hand down any indictments. No headlines from the CFPB, the FBI, or the office of the U.S. Attorney General suggest the probes have moved beyond the fact-gathering stage. The public is mostly in the dark without fresh court filings or trial dates.
Los Angeles Riots: Major Headline News
LA suddenly flipped upside down on June 16, 2025, as street protests turned into full-blown riots. Early reports say sour feelings over high rents and shaky job security fuel the unrest. However, the exact spark is still unclear. Police and city officials are racing to regain control, but the scene looks slightly different every hour. Wall-to-wall cameras capture the chaos, so expect these images to dominate cable news for days.
Other Major Headlines
In a bright sports moment, the Braves piled up 19 strikeouts in a single game against the Rockies, setting a new franchise high. Spencer Strider led that charge with 13 Ks, reminding everyone why he’s the ace. Meanwhile, fans of the Immaculate Grid trivia game were chewing through puzzle 806, and several players claimed a perfect score with Wade Davis.
Messy Debate
Fans have been arguing about Lionel Messi’s appearance since joining Inter Miami. Some are gushing over his dribbles and dead-ball magic, while others blame the supporting cast for the times he looks stranded on the pitch.
Jump to June 2025:
The U.S. economy feels like a traffic jam. Housing prices barely budge while inflation keeps popping up like a stubborn weed. Washington is noisy, too; the Fed is tiptoeing, Trump is waving big tariff ideas, and TV pundits never tire of grading new cabinet picks.
Los Angeles still smolders after that brutal round of street protests, a painful reminder that unrest can break out overnight.
If you want more news, you can visit GCA Forums and refresh that tab a few times. We keep the updates rolling.
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Update on Israel versus Iran:
Tensions between Israel and Iran soared overnight on June 13, 2025, and the headlines still barely catch the alarm. Almost everyone agrees this flare-up is the worst they’ve seen in a long time.
Israeli Air Assault:
On that same June day, Israel’s air force sent more than 200 fighters streaking toward Iranian skies. The pilots hit uranium halls at Natanz and Isfahan, and they also knocked out command centers near Tehran. Four visible buildings were shredded, though the deep underground machines mostly survived. Top Iranian generals did not survive. Security leaks say the Chief of Staff and the al-Quds chief were killed on the spot. Defense officials in Tel Aviv bragged they cleared the sky over the capital, even strafing oil dumps where rockets are stored. (For the original reporting, NBC News, CBS News, and The Guardian filed nonstop updates.)
Iranian Revenge:
Hours turned into days, and Iran answered with a rain of rockets and swarm drones that lit up Israel’s radar. Estimates vary, but local press now count at least 24 dead and more than 390 injured. Round after round, it slammed into Petah Tikva, Bnei Brak, and Haifa, eating through apartment walls and snapping power lines. Civilians paid most of the price. Entire neighborhoods spent the nights huddled under makeshift shields.
Iran says its elite Islamic Revolutionary Guard Corps just ordered some folks in Tel Aviv to pack up and move. The same commanders promised they’ll keep hitting anything the Israeli military owns.
Casualty Numbers:
Iranian state media puts the toll at 224 dead, almost all civilians, plus over 1,277 hurt. Israel claims 24 of its people have been killed. Homes, hospitals, and even power lines are reported to be wrecked. Life has turned upside down. Stations in Tehran are jammed for blocks, the internet is slow on purpose, and the Tel Aviv Pride parade has been put on ice.
International Reaction:
The White House backs Israel’s right to hit back but stays out of the bombing runs for now. President Trump killed an Israeli plan to take out Supreme Leader Khamenei and told reporters he might step in if things boil over. Talks over Iran’s nuclear program, set for June 15 in Oman, vanished the moment rockets flew. Europe, Russia, and China are all warning about the danger of a regional war with nuclear plants in easy reach.
Proxy Warfare:
Israel’s opening blows have also reached Iran’s friends; rumors are swirling about hits on Houthi commanders in Yemen and fresh plans against Hezbollah in Lebanon and Hamas in Gaza. The uptick in strikes is stretching Tehran’s support lines thinner than usual.
Iranian-backed groups across the region, sometimes called the Axis of Resistance, are itching to hit back. Rumors suggest retaliation could come from either Iraq or Yemen. Meanwhile, Gaza is suffering heavy fighting; local medics say 65 Palestinians died in a single day on June 15. For the most up-to-date numbers, outlets like the New York Times live feed are worth a click.
As of June 16, the fresh war has dragged into a fourth day. Air sirens and missile trails blur the sky for both Israel and Iran. Fuel markets are jittery, partly because no one knows if the Strait of Hormuz will stay open. Global leaders keep pleading for a cool-down, though their warnings sound nearly identical.
Escalation could rear its head at any hour. Those looking for minute-by-minute news should bookmark NBC, CNN, or the Times; each site runs a rolling blog.
https://www.youtube.com/watch?v=mRO8z2_SxcA&list=RDNSmRO8z2_SxcA&start_radio=1
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What is the latest housing and mortgage news for Monday, June 16, 2025? How did the Israeli-Iranian war affect the housing and mortgage markets? What do you forecast for the interest and mortgage rates? What happens with the volatile stock markets and Gold and Silver prices per ounce?
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Latest Housing and Mortgage News for Monday, June 16, 2025: Housing and Mortgage Market Impact of Israeli-Iranian War
The sudden fighting between Israel and Iran has rattled Wall Street in ways that reach right down to the backyard mortgage. Oil and gold prices jumped almost overnight, and the 10-year US Treasury note yield slipped to 4.31%- its lowest point in a month. Investors rushing for safety pushed money into bonds like they did after 9/11. Shipping lanes in the Strait of Hormuz are now in the crosshairs, which ramps up worry.
Mortgage Rates and Forecasts
Interest on the typical 30-year fixed loan is jumping around, landing lately in the 6.7% to 6.89% range. A handful of watchdogs warn we will be stuck in this higher zone for a while, with only tiny relief showing up late in 2025. Any surprise from the Fed, fresh inflation numbers, or peppy job reports could push rates up again. Buyers already feeling pinched by pricey monthly payments should brace for at least another year of tight budgets.
Stock Markets and Precious Metals
Stocks are pirouetting with every headline, rising one hour and tumbling the next. Gold keeps catching bids while tech shares burn off profits, a classic flight-to-safety pattern. Bronze keeps earning a living, too, if you’re tracking industrial metals used in cables and batteries.
The S&P 500 fell 1.1% on June 12, 2025. That drop shows how on edge Wall Street has become. Gold jumped to its highest value in two months. Bears call it a flight-to-quality move. Silver ticked upward, too, but its rise felt almost like an afterthought. The VIX shot up to 20.82. Traders were pricing more headaches than normal.
Forecast for Interest and Mortgage Rates
Uncertainty is sticky, so expect bumpy interest rates for a while. Many economists think the Fed will stand pat at its next meeting. A fresh flare-up between Israel and Iran could yank policy levers faster than anyone wants. Mortgage rates should hover near 6.25% for the rest of 2025. A slow drift downward might open up if calm settles over the charts.
Impact on Housing Market
High borrowing costs and stubbornly pricey listings are pinching most American home shoppers. Oddly enough, Israeli demand has surged in wartime, with investors willing to pay for safety. Stateside, home sales are cooling off: fewer offers, slower price growth, and open houses that feel more like waiting rooms.
Gold and Silver Prices
Gold just kissed $3,449 an ounce, almost brushing its record. Silver climbed, too, but its gain, readers say, looks like a quieter echo of the gold rush. Fear and caution are pushing folks toward shiny coins and bars once again.
Investors often flee to gold and silver whenever panic ripples through Wall Street and Main Street. The uptick in precious metals now whispers that many traders want safety and are ready to ditch riskier bets.
Big headlines can set off wild price shifts. A June 2025 report in The Guardian points to an oil-and-gold spike that followed Israel’s brutal strikes on Iran. In that same time frame, stocks dragged deeper into the red.
Homeowners and hopeful buyers feel the pinch every time the news cycle spins. According to a New York Times piece from early June, rising mortgage rates and fresh recession fears have left the housing market wobbling on shaky legs.
Reporters at Yahoo Money echo that, noting small, steady upticks in everyday mortgage and refinance rates as global tensions continue to roil the bond market. The latest rates hover around the six-percent mark, a headache for first-timers who budgeted for much less.
Mortgage forecasters agree that rates won’t slide anytime soon. US News links that outlook to economic jitters. At the same time, a Forbes Advisor roundup hints at late 2025 as the possible turning point if we are lucky.
Wall Street pros at Goldman Sachs have sketched three headline predictions for housing in the coming year. Their shortlist, shared in a Business Insider story, ranges from stagnant prices to a gradual thaw once the Fed cools off interest-rate hikes.
Whether that thaw happens soon is a nail-biter. Home shoppers heading into summer 2025 are bracing for stiff competition and budget-breaking monthly payments, warns a CNET report that stresses no relief is in sight.
Marketers know how quickly energy prices can flip. The Times and NBC News catalog the immediate oil surge and the collateral market tumble after the Israel-Iran clash. Each spike, they caution, chips away at the fragile balance that underpins commodities and everyday borrowing costs.
A quieter development sits in the background. Several analysts quoted by Mortgage Introducer suggest that the explosive headlines, shocking as they are, may not push fixed mortgage rates even higher if the bond market finds its floor. Hope, as always, is a slender thread.
Oil prices jumped this week after fresh exchanges between Israel and Iran rattled investors. Market watchers suddenly smelled risk and traded like a larger war was just hours away.
US stocks answered the oil pop with a thud. The Dow closed almost three hundred points as traders priced in another round of Middle East fallout.
Mortgage pros keep guessing whether the Federal Reserve will tweak rates in June. Some analysts pencil in a modest cut, while others see the Board holding firm until the inflation picture clears. Predictions 2025 rounds up the chatter, though no crystal ball is perfect.
Homebuyers in Israel refuse to back down, even as rockets streak overhead and interest rates hover near ten percent. Local real-estate agents say listings vanish within days, a stubborn sign that war and economics rarely dampen the hunger for shelter.
Stateside, the mortgage climate is almost surreal. Loan costs slipped a quarter-point last month, helping a few nervous buyers, but trade spats with China threaten to overturn the apple cart. Business Insider notes that a lower rate today could mean a higher payment tomorrow if tariffs snap back.
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The 2025 Car Market Crash:
Deep Trouble in the U.S. Car Market
U.S. auto sales, both brand-spanking-new and second-hand, have suddenly nose-dived. Rough numbers show dealerships are moving fewer keys every week than they have in years. Rising interest rates, stubborn inflation, and bad economic chatter are squeezing buyers until it hurts. Many smaller finance shops say they may not make it to next month.
Sticker Shock: Why New Cars Seem Out of Reach Interest Rates
Car loan rates have increased, as have summer temperatures in Phoenix. The average monthly payment now hovers around $760, a big chunk of almost any paycheck.
Price Tags:
New vehicle prices keep climbing, almost as if the stickers were updated overnight. For example, the average cost of an electric ride hit $57,734 in May 2025, and many families can’t swing numbers that high.
Negative Equity
Many folks still owe more on their car loans than their cars are worth. Right now, the average gap is about $7,200, and one out of five drivers is staring at a $10,000 difference and wondering how it happened. Increased Cost of Living
Groceries have gotten pricier, and rents keep climbing, leaving anyone trying to upgrade or finance a new ride with slimmer pickings. A new sticker price looks out of reach when the monthly budget shrinks.
Skyrocketing Repossession Rates
Repossession agents are back in force; the 2024 tally tops 1.73 million cars yanked off lots. Interest rates are higher, paychecks lag, and people miss payments much sooner than they’d like to admit. That flood of impounded vehicles tells a story about the everyday money squeeze.
Electric Cars and the Market
Electric cars are catching a lot of buzz, yet the overall picture is mixed. More drivers want a ride that sips electricity instead of gas, but the sticker shock still stops many shoppers. However, pre-owned battery sedans are becoming easier to find because cheaper models keep rolling off assembly lines 10. Teslas still reign in the used lots, but Chevrolets and Fords sneak up behind them.
Forecast for the Future
The road ahead for car buyers doesn’t look perfectly smooth. Analysts guess new-vehicle prices will drift down at least a little since dealers are offering rebates to clear out the back rows. Even if the tags shrink, most shoppers will feel pinched by heavy loan bills and an economy that refuses to steady out.
Car repossessions are climbing again, and the numbers feel shockingly familiar. Roughly 1.7 million automobiles were taken back in early 2025, a level not seen since the Great Recession’s darkest days. Media outlets, from PYMNTS to Bloomberg, have reported the same heartbreaking trend. Folks cannot keep up with their monthly notes.
One lingering question is how a stock market dip could rattle the used-car space. A handful of industry watchers, including analysts at Overstock Vehicles, have tossed that scenario around and are not brushing it off lightly.
Meanwhile, electric vehicles have their drama. The April edition of the Cox Automotive EV Market Monitor shows supply chain glitches easing. However, buyers are still navigating a patchy charger network. Prices have sagged a little, yet the overall mood in the battery-powered corner is cautiously upbeat.
Returning to gas sedans and pickup trucks, new-car sticker shock is expected to ease. CarEdge insiders say that increasing incentives from automakers could lower prices by late 2025. Two Yahoo Finance columnists agree, pointing out bloated dealer markups and rising inventory as the twin forces that will eventually knock prices down.
Cox Automotive has laid out a broader forecast, including the title. The Five for ’25 report suggests the market will not just hang on. It will grow, affordability will increase, and buyer satisfaction will finally come off the sidelines. The whole thing sounds hopeful, maybe even a little optimistic, but after the last few wild years, who isn’t rooting for that story?
https://www.youtube.com/watch?v=DP08w7s6LX4
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This reply was modified 16 hours, 8 minutes ago by
Gustan Cho.
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Truck deals are turning! Ford, Ram, Chevy, GMC, Toyota, Nissan and Honda are offering large discounts and incentivized interest rates right now to move their inventory. We’re coming into the slow selling season, and dealers know this. Dealers need to get creative to move this metal. Selling trucks has become increasingly difficult for dealerships because of their huge price tags. Used trucks are selling better because that’s all people can afford. With used units selling, the new models continue to collect dust on dealer lots. Lot rot!
In this video I showcase many discounts on new trucks from Toyota, Ford, Nissan, Honda, GMC, Ram and Chevy. Whether it’s a Ford F150, Nissan Frontier, Chevy Silverado, GMC Sierra, or Toyota Tundra… A large discount is to be expected. YOU are in the driver seat right now. It is a Buyers Market 100%…
Let me know what it’s going to take for you to buy a new truck right now. 25% off MSRP? 30? You tell me.
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This reply was modified 16 hours, 8 minutes ago by
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As of June 16, 2025, the typical 30-year fixed mortgage rate sits between 6.8% and 6.9%. Those numbers pop up from multiple lenders. Bankrate tracks a small uptick, while Freddie Mac put the rate at 6.84% based on June 12 data. Even NerdWallet echoes that average but points out the rate slipped about 13 basis points over the past week.
If a borrower leans toward a 15-year loan, the average sits close to 6.09% right now, and a 10-year fixed is almost a twin at roughly 6.05% to 6.06%. Adjustable-rate fans may find the 5-year ARM tempting; it hovers around 6.96%, trailing the 30-year by a whisker.
The 10-year Treasury yield, a bellwether for mortgage pricing, runs between 4.38% and 4.45% today. Freddie Mac logged 4.38% on June 12, and Mortgage News Daily saw 4.445% the next day. Bankrate adds that the yield has been coasting steadily near the 4.4% mark.
Mortgage loans often ride the same wave as the 10-year Treasury bond but sit slightly higher on the crest. Right now, that cushion is still close to 2 to 2.5 percentage points, the usual cushion, and the spread stays roughly where it has always been.
Current rates tell the same story. Conventional 30-year mortgages linger in the upper 6 percent neighborhood, while the 10-year note stays above 4.4 percent. Given the headlines shift from calm to storm in a heartbeat, people who spot a good number today might want to snag it.
If you need updates that zero in on your state, lender, or specific loan type in no one else, shoot me a quick note.
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Bill Maher CALMLY DESTROYS Woke Gavin Newsome On Live TV!
Something explosive just went down on Real Time with Bill Maar, and trust me, this one’s going to rattle some cages.
Now, we all know Bill Maar hasn’t exactly been holding hands with the woke crowd lately. He’s been swinging hard at the far left, calling out cancel culture, and torching political hypocrisy. But what just happened with Governor Gavin Newsom? Nobody, and I mean NOBODY saw this ambush coming.
Bill didn’t just ask tough questions… he went in like a sniper. Sharp, cold, and unrelenting. And Newsom? He looked like he walked into a trap with no exit. Stammering, dodging, pivoting, you could practically see the sweat.
It wasn’t an interview. It was a public showdown. Maar cornered California’s golden boy, forced him to defend every crack in his progressive armor, and the audience? DEAD SILENT. You could hear the tension humming through the studio like a live wire.
Who won this brutal back-and-forth? Did Newsom claw his way out or crumble under pressure? This wasn’t just political theater — it was a verbal slugfest. And I’ve got the clip that proves it.
Here’s where things got really dicey. The question? Straightforward. Does Gavin Newsom honestly believe it’s the government’s job to strong-arm toy stores into creating gender-neutral aisles, if they’ve got over 500 employees?
Simple, right? But instead of giving a clear, honest answer, Newsom throws up a smokescreen. Suddenly, we’re off on some scenic tour through corporate compliance and vague endorsements from big-box retailers. Convenient.
And let’s not forget: this is the same man who slapped lockdowns on small businesses while secretly fine dining at Napa’s elite French Laundry. The same climate crusader who yells about carbon footprints from the window of a private jet. The same “man of the people” who governs from gilded towers while the people sleep in tents on LA sidewalks.