That’s the California Way.”It appears to be a $19 million contribution from California taxpayers to Newsom’s forthcoming campaign for the presidency. Being from California would be one of the hurdles Newsom faces if he seeks the presidency. The marketing campaign will attempt to put a positive spin on California’s economy and business climate, echoing how Newsom typically responds when interviewers ask about corporate migrations and loss of population to other states. The hard fact, however, is that California’s economy isn’t doing so well these days, and it cannot be dismissed, as Newsom often does, as something dreamed up by political foes. “California’s economy in 2025 presents a troubling paradox,” the detailed report declares.

Source: Los Angeles Times March 27, 2026 12:05 UTC