Stephen J. Cloobeck, a billionaire businessman, announced his candidacy for California governor during an election night gathering in Beverly Hills. He aims to address the state's rising affordability issues, which he believes stem primarily from excessive regulations. Cloobeck's campaign focuses on making California 'affordable, livable, and workable' by targeting laws like the California Environmental Quality Act and labor regulations. His perspective resonates with both Democrats and Republicans who seek to reduce red tape affecting economic growth, particularly in housing and small businesses, as the state grapples with an affordability crisis.
Cloobeck emphasized, 'California is not affordable, livable nor workable. We need hard, actual results.' His campaign slogan reflects a strong commitment to transforming the state's affordability crisis.
Cloobeck, a longtime Democrat and successful entrepreneur, believes California's excessive regulations are a barrier to economic growth, stating, 'The state is regulated out,' calling for significant reform.
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