Governor Gavin Newsom Takes Aim at Financial Elite Over Trump Endorsements

California Governor Gavin Newsom ignited controversy Wednesday at the New York Times DealBook Summit, publicly criticizing financial titans for their support of President Donald Trump. The Democrat, known as one of Trump’s most vocal opponents in the state, used a pointed remark about kneepads mocking the president to underscore his message.

Speaking directly to the attendees, Newsom suggested they consider purchasing bulk kneepads given their apparent alignment with Trump’s policies and public stance. “Some of you may need to buy them in bulk,” he quipped during his address at the summit, drawing immediate attention to the potential conflict between business interests and political independence.

Newsom also delivered a stinging critique regarding federal intervention in California’s redistricting process for an upcoming gubernatorial proposition concerning congressional maps. He expressed disapproval of the deployment of federal agents to oversee what he views as state-level matters, adding his concern about America moving toward authoritarianism. “A lot of people figured it out,” he asserted, referring to those within the financial sector who may recognize this shift.

Several attendees reported that Newsom’s comments reminded them of a younger Joe Biden, though no specifics were provided regarding either comparison by official sources like Politico. An adviser noted that given the summit’s composition favoring business and finance perspectives under Trump’s administration, Newsom intentionally prepared to be confrontational.

Despite his sharp criticisms, Newsom attempted to find common ground with the financial leaders present. He voiced opposition to a proposed wealth tax in California, suggesting pragmatism regarding taxation policies despite his overall critique of their alignment with Trump’s presidency.

He also commented on Apple CEO Tim Cook’s apparent efforts to court goodwill with President Trump, acknowledging that such political maneuvering might be seen as necessary for business interests. However, he stressed this doesn’t change the fundamental issue he presents: “A lot of you are doing extraordinarily well.”