Election 2020

Billionaire Tom Steyer Enters Presidential Race, Vowing To Get Corporations Out of Politics

The former hedge fund manager will likely face scrutiny over his massive wealth and previous business dealings.

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Billionaire Tom Steyer—whose name recognition of late centers around his campaign to impeach President Donald Trump—officially entered the presidential race on Tuesday, vowing to confront corporations and lessen their sway over the political system.

"I think people believe that the corporations have bought the democracy. That the politicians don't care about them or respect them," he said in a video announcement. "Really what we're trying to do is make democracy work by pushing power down to the people."

Although Steyer has not yet outlined a policy platform, he has been an ardent climate change activist, as well as a vocal opponent of Trump's, launching a $10 million national advertisement to unseat the president. "He's brought us to the brink of nuclear war, obstructed justice at the FBI, and in direct violation of the U.S. Constitution, he's taken money from foreign governments, and threatened to shut down news organizations that report the truth," Steyer says in the ad.

The former hedge fund manager brands himself as another American citizen. I'm just like you, he implores. But while his impeachment rhetoric and anti-corporatist positioning will surely resonate among many Democrats, Steyer will likely have to confront some cognitive dissonance as a billionaire in a crowded field of populist contenders, some of whom say that such personal wealth should not even exist.

That's certainly not lost on the newly minted candidate, who has a net worth of $1.6 billion and has already pledged to spend $100 million on his primary campaign. "I'm Tom Steyer, and like you, I'm a citizen who knows it's up to us to do something," he says in his push for impeachment—an apparent attempt to convince listeners that his fortune doesn't alienate him from the Little Guy.

Wealth aside, his business ventures in and of themselves are expected to draw scrutiny now that he's thrown his hat into the ring. His successful private sector run at Farallon Capital Management included hefty investments in oil, private prisons, and subprime lending—all of which are industries that progressives are increasingly critical of as the party moves farther left. He also has little traction with the establishment. House Speaker Nancy Pelosi (D–Calif.) reportedly expressed her displeasure to Steyer over his impeachment blitz, calling it a "distraction" in 2017 when she was still the minority leader.

Leveraging the elephant in the room, the Republican National Committee came out swinging. "After a false start, left-wing extremist Tom Steyer has finally formalized his self-promotion tour under the guise of a presidential campaign," RNC spokesman Steve Guest said in a statement. "The only thing Steyer's campaign will do is light more of his money on fire as he joins the rest of the 2020 Democrat field in pushing policies that are way outside the mainstream."

Steyer has been a prolific donor to liberal causes as well as a grassroots mobilizer, founding NextGen America, which advocates for increased youth voter turnout. He will resign from his leadership role at that group, as well as at Need to Impeach, although he said he will donate more than $50 million to ensure their continued sucess through 2020.

In order to make it to the Democratic debate stage later this month, he will need to amass 65,000 individual donors by July 16, as a 1 percent polling margin this late in the game is likely an impossible feat.

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  1. Billionaire Tom Steyer Enters Presidential Race, Vowing To Get Corporations Out of Politics

    Given how much our current billionaire president has hurt the US economy with tariffs, it’s pretty clear he’s not on the side of corporations.

      1. Good for someone, I just can’t figure out for who… whom… hmm, still sounds right.

        1. Good for someone

          Tucker Carlson?

          who… whom

          A lesson:

          If you can replace the word with “he”’ or “’she,” use who. If you can replace it with “him” or “her,” use whom.

        2. “Whom” is going the way of the subjunctive mood for verbs. Doesn’t serve a purpose anymore – can be safely ignored.

          1. Doesn’t serve a purpose anymore

            Using “whom” correctly allows me to feel superior to others, which is a very worthwhile purpose.

            1. If you can count it, use “fewer”, if it can’t be counted, use less.

              I have fewer patience for grammar prudes.

            2. Using “whom” correctly allows me to feel superior to others, which is a very worthwhile purpose.

              Those whom use whom do sound smarter than those whom don’t use whom, so in this a fair point you have.

              1. I’m jealous because I should of made a similar comment.

                1. Should ‘of’? Oh wait, that was on purpose. Or was it?

                2. I see what you did there

  2. Billionaire vows to get corporations out of politics. Do you read what you write?

    >>”I’m Tom Steyer, and like you

    no.

  3. vowing to confront corporations and lessen their sway over the political system
    Backwards problem merits backwards solutions.

    How ’bout we cut government back so much that no one wants to influence it?

        1. I was celebrating pup socket fame. You didn’t have to burst my bubble!

          1. Ahem. Don’t you mean our bubble?

  4. Steyer is a billionaire who hates Drumpf. Like the Koch Brothers and George Soros, he’s earned my respect.

    #Impeach
    #BillionairesKnowBest

    1. Folks, do not underestimate Obi-Trans Kenobi.

    2. I respect the Koch brothers.
      Soros is a one world government asswipe who has delusions of grandeur that would make Hitler envious.

      1. Charles Koch, George Soros Help Fund Think Tank Opposed To ‘Endless War’

        https://reason.com/2019/07/01/charles-koch-george-soros-help-fund-think-tank-opposed-to-endless-war/

        Soros and the Koch Brothers have more in common than you might think. I’m guessing that opening the USA’s borders to anyone who can get here is their quickest way to stop endless wars.

  5. in direct violation of the U.S. Constitution, [Trump]’s taken money from foreign governments, and threatened to shut down news organizations that report the truth

    Gosh, what a selective champion. Obama actually arrested journalists; Trump hasn’t yet that I know of. Hillary and Bill actually took hundreds of millions from foreign governments while in office; Trump doesn’t need to and hasn’t that I know of.

    Trump does a lot of stupid things, but you’ll have to find others; these stupid things you are looking for do not actually exist.

    1. This is what I think is funny:

      and threatened to shut down news organizations that report the truth

      Let’s not get ahead of ourselves, Mr. Steyer. He’s rattled sabers about revoking the FCC licenses of some news organizations. Let’s leave “the truth” out of this assessment for now, shall we?

  6. He recommends a constitutional crisis to overturn the last presidential election, then wants to be the replacement president. That’s seriously whacked. You don’t replace a supposed dictator with a real one.

  7. It’s an embarrassment of riches in terms of finding dumb and dumber opponents for Trump.

    1. Mark my words – Marianne is going to win.

      1. I suspect you have a bone to pick with her…

        1. More like bury one deep inside her stinky chakra, if you know what I mean.

          1. There’s no stank like that stank, but then “whom” am I to lecture the master of the field.

  8. “The former hedge fund manager will likely face scrutiny over his massive wealth and previous business dealings.”
    Why? No other rich democrat has faced such scrutiny.

  9. Yeah, Steyer, we need to get money out of politics.

    All that money that gerrymandered the Georgia Governor’s race

  10. And I thought Bill Weld was going to be the 25th clown in the car

  11. “Billionaire Tom Steyer—officially entered the presidential race on Tuesday, vowing to confront corporations and lessen their sway over the political system.”

    I’m guessing he means they use their money to influence political outcomes.

    “an ardent climate change activist, as well as a vocal opponent of Trump’s, launching a $10 million national advertisement to unseat the president.”;
    “has a net worth of $1.6 billion and has already pledged to spend $100 million on his primary campaign.; ” His successful private sector run at Farallon Capital Management included hefty investments in oil, private prisons, and subprime lending—”; “at Need to Impeach… he said he will donate more than $50 million to ensure their continued success through 2020.”

    ” I’m just like you, he implores. ”

    No shit cognitive dissonance.

  12. He knows he has zero chance of winning. So why is he running?

    1. Ego, ego, ego.
      Ergo, ego, ego, ego.

    2. “So why is he running?”

      This guy funds socialists campaigns (Florida governor) and most likely the group behind AOC. Like every socialist dictator who has ever lived, he is protecting his wealth and power. He is *purchasing and media blasting* a higher rank in a new administration (treasury, fed?) and wealth protection from his socialist or crony capitalist ilk.

    3. Why run for any office, tax right off. I think Trump ran for the tax right off but won anyway

  13. “Really what we’re trying to do is make democracy work by pushing power down to the people.”

    We’re going to push power down to the people?

    Although Steyer has not yet outlined a policy platform, he has been an ardent climate change activist,

    Oh, I see – you meant ‘The People’. Not People. My bad.

    State. Party. People.

    1. Exactly. As in “The means of production are owned by The People of the Soviet Union!”

    2. “…he has been an ardent climate change activist…”

      That’s all I need to know about Styer.
      He’s an idiot who is stupid enough to believe in all that “climate change” bullshit.

      1. “That’s all I need to know about Styer.”

        Not really.
        You need to know he’s made a ton of bucks trading in ‘green’ bullshit which he’s been promoting by contributing to pols who back such shit.
        IOWs, he’s been doing exactly what he claims to oppose. Buffett should be as big a hypocrite.

      2. Or smart enough to recognize that ‘climate change’ is the best excuse for global socialism

  14. “Billionaire Tom Steyer Enters Presidential Race, Vowing To Get Corporations Out of Politics”

    I have a better idea.
    Get assholes like Styer out of politics, or am I asking for too much?

    1. Hard to see how he is any different on this than Bernie or Warren. Oh yeah, he made billions from corporations, so I guess we should all trust him when he says he will get them out of politics.

  15. He IS a corporation/ special interest!

      1. “Cut out the middleman, we pass the savings onto you!”

  16. “Really what we’re trying to do is make democracy work by pushing power down to the people.” billionaire Tom Steyer said adding, “People like me, billionaires. I’m running so people like me can make more billions.”

  17. I want to see someone vow to get the initiation of violence, threats, and fraud out of politics.
    Now that will be a first, a new political system based on non-violence, reason, rights, and choice.
    All that needs to be done is convince 20%.

    1. “Now that will be a first, a new political system based on non-violence, reason, rights, and choice”

      Communism, according to Communists.

  18. From 2017:

    “ATLANTA — Democratic mega-donor Tom Steyer said on Saturday that he and his NextGen America group do not intend to work on behalf of anti-abortion politicians, jumping into the Democratic Party’s ongoing debate on the topic….

    “Asked if his group would help candidates or sitting lawmakers who don’t support abortion rights, he said, “We do not work for a single candidate who is not pro-choice. I think people like to have litmus tests. We are explicitly pro-choice. We work a lot with Planned Parenthood, we work a lot with NARAL. We are absolutely committed to it.”

    https://www.politico.com/story/2017/08/12/megadonor-steyer-abortion-rights-candidates-241563

    So he named his company NextGen after the people he wants to kill?

  19. “I think people believe that the corporations have bought the democracy” said a billionaire who’s tried hard to do exactly that. Is the man even capable of seeing his own hypocrisy?

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