In a fiery speech at the World Economic Forum this week, Treasury Secretary Scott Bessent took aim at California Governor Gavin Newsom, criticizing his economic record, his presence at the event alongside controversial figure Alex Soros, and his handling of various issues plaguing the state.
Bessent, a well-respected financial expert and prominent member of the Trump administration, did not hold back in his scathing remarks towards Newsom, calling him a cross between “Patrick Bateman and Sparkle Beach Ken” in a nod to his lavish lifestyle and questionable decisions as governor.
The Treasury Secretary began his speech by highlighting Newsom’s economic failures, citing the state’s increasing budget deficit and high levels of homelessness as proof of his incompetence. California’s economy, once a powerhouse, has been struggling under Newsom’s leadership, with businesses and residents fleeing to more business-friendly states.
But Bessent didn’t stop there. He also took aim at Newsom’s decision to attend the World Economic Forum alongside Alex Soros, son of billionaire George Soros. The elder Soros is well-known for his progressive political views and has been a frequent target of criticism from conservatives. By appearing with him at the event, Newsom showed where his allegiances truly lie, Bessent argued.
The Treasury Secretary also called out Newsom’s handling of the COVID-19 pandemic, accusing him of using the crisis to advance his own political agenda. While many states have struggled to balance the economic impact of lockdowns with the need to contain the virus, Bessent pointed out that Newsom’s policies have been particularly damaging, with job losses and business closures hitting California hard.
But what seemed to particularly rile Bessent was Newsom’s presence at the World Economic Forum in the first place. “The fact that Governor Newsom is here at Davos, rubbing shoulders with the elite while his state is in shambles, is a true testament to his priorities,” Bessent declared. “It’s like Patrick Bateman meets Sparkle Beach Ken – all looks and no substance.”
The reference to American Psycho’s infamous protagonist suggests Bessent’s opinion of Newsom’s character – or lack thereof. In a room full of influential leaders and decision makers, Newsom’s appearance struck Bessent as nothing more than a superficial attempt to maintain his public image.
However, despite Bessent’s scathing critique, there was one positive aspect of Newsom’s attendance at the World Economic Forum – it brought much-needed attention to the issues facing California. As Bessent bluntly stated, “An appearance at Davos may not solve California’s problems, but it certainly helps to shine a spotlight on the disastrous policies and leadership that have led to its downfall.”
In conclusion, Treasury Secretary Scott Bessent’s speech at the World Economic Forum was a powerful condemnation of California Governor Gavin Newsom’s record and character. His bold criticisms have shed light on the failures of Newsom’s leadership, and have hopefully sparked a much-needed discussion on the state’s future. It remains to be seen how Newsom will respond to Bessent’s words, but one thing is certain – the spotlight is now on California, and it is time for change.

