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Stuart Varney: Does America want to look like Gavin Newsom's California?

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FOX Business' Stuart Varney says Gov. Gavin Newsom will have a difficult time if he runs for president due to California's struggles with homelessness, crime and high unemployment rate.

During his "My Take," Tuesday, "Varney & Co." host Stuart Varney discussed Gavin Newsom's political future, arguing the governor seems like a popular politician in California, but the rest of the nation views his state as a "socially dysfunctional society." STUART VARNEY: If you are the governor of a state, and you run for the presidency, your state had better be doing well. Gavin Newsom is the governor of California.

Dig deeper, and you see there are not many jobs available in California. Less than one per unemployed person. Elsewhere, there are 1.6 jobs for each unemployed person. The deficit. Newsom says its $38 billion. State authorities say it will be $73 billion. CALIFORNIA LEADS NATION IN UNDEREMPLOYMENT AFTER SLOWER JOB GROWTH THAN ANTICIPATED Either way, by law, the budget must be balanced. So what is Newsom going to do? Raise taxes? They are already the highest in the land.

 

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