Gavin Newsom: Could this smug man be more out of touch?
Could this smug man be more out of touch? https://t.co/GUqqi5KoNB — Gavin Newsom (@GavinNewsom) January 20, 2026 Factcheck: The quote from Treasury Secretary Scott Bessent is accurate, from a Jan. 20, 2026, Davos panel on housing policy. He described “mom and pop” investors (e.g., retirees with 5-12 homes) as worth protecting, while targeting large institutions. …