He asserts that California's economic struggles are caused by overregulation, high taxation, and the dominance of unions in policymaking.

“You've got the massive dominance of the unions in policym. You've got a slurotic economy. You've got massively high taxation.”

Serious restructuring of government spending and unleashing the power of the market are necessary to address economic stagnation.

“there are only two possible solutions to that and both have to be applied at once one is serious restructuring and cuts to spending programs in the United States and the other is you have to unleash the power of the market so as to be increasing the size of the economy”

The principles of Thatcherism, such as sound money and individual freedom, remain applicable to modern society.

“but the the basic principles of thatism, sound money, freedom of the individual, freedom of speech, encouraging entrepreneurialism, I mean all of those things are applicable to our society and our economy today.”