Tom Steyer jump into the race for the Democratic nomination for president. |
Thomas Fahr Steyer is an American billionaire hedge fund manager, philanthropist, environmentalist, progressive activist and fundraiser. He is the founder and former co-senior partner of Farallon Capital and co-founder of Onecalifornia Bank. He and his wife Kat Taylor have taken a pledge to donate about half or most of their earnings to charities. He was born in Manhattan, New York.
His father was a lawyer from Sullivan & Cromwell, while his mother was a teacher of remedial reading at the Brooklyn House of Detention. He has also mulled a chance at running for governor of California as an independent or when Gavin Newsom serves his term.
He is the latest candidate to run in this already large field. Many of the candidates running are slowly running out of funds and they will soon be leaving the race.
Tom Steyer joins the 2020 Democratic Primary. Do you believe he has the potential to become the President of the United States? (Expect trolls to pick the dumbest answers)
He joins the race after initially denying he would run. He felt that the need to run is now.
It’s true. I’m running for president. pic.twitter.com/u8x2lZah7Z— Tom Steyer (@TomSteyer) July 9, 2019
In a video released on Tuesday, Steyer said, "if you think that there's something absolutely critical, try as hard as you can and let the chips fall where they may. And that's exactly what I'm doing. My name's Tom Steyer, and I'm running for president.
Steyer has operated as a fundraiser for the Democratic Party and in recent years he was bankrolling on candidates that promote progressive causes.
Steyer is a billionaire like Trump. He is motivated to be the spoiler.
Steyer joins a field of candidates who have no clear front runner.
Tom Steyer with his wife and four children. |
Elizabeth Warren is surging past Bernie Sanders as well.
Steyer's late entry to the race makes it highly unlikely to qualify for the second round of Democratic debates that CNN is set to run in July.
Steyer dismissed the debates and said that he'll be doing grassroots and is willing to bring his war chest of self-funding into the race.
Warren and Sanders welcomed Steyer in a not-so-subtle way. They said that the Democratic Party doesn't need billionaires in the race. They believe Tom Steyer and Howard Schultz will distract from the message of being as the "party for the people."
Hell, if they get rid of Nancy Pelosi, Chuck Schumer, Dick Durbin, Steny Hoyer and Joe Manchin, maybe we could be the party of the people and not the status quo.
Steyer had funded over $100 million in the 2018 Midterm. He was instrumental in helping Democrats win back the House of Representatives.
Given that Steyer is in, one has left.
Rep. Eric Swalwell (D-CA) has officially left the race. He was not able to qualify for the second debate. He will formally exit the race at the end of the week. He will continue to run for his U.S. House seat.
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