Tom Steyer has now spent nearly $30 million in TV and radio advertisements for his presidential bid, NBC News reports. “Steyer’s spending over the airwaves is seven times greater than the second-biggest advertiser in the presidential race (President Trump’s re-election campaign) and 15 times greater than his nearest Democratic rival (Pete Buttigieg).”
“Tom Steyer just lost a $16 million bet,” Politico reports. “The Democratic hedge fund billionaire leapt into the presidential campaign late with a clear plan: use his mega-wealth to buy his way into the televised party debates, and then use that platform, and his unelected outsider persona, to challenge the front-runners. Steyer spent millions of dollars on TV ads to boost his poll numbers in early caucus and primary states and on digital ads to meet the donor requirements set by the Democratic National Committee.”
“This is a message for leaders of the Democratic Party. For over two years, this president has broken the law, and nothing happened. You told us to wait for the Mueller investigation. And when he showed obstruction of justice, nothing happened.”
— A new advertisement from Tom Steyer, quoted by the Washington Post.
“Tom Steyer, the billionaire investor and Democratic activist, has directed his political operation to spend more than $5 million aiding Andrew Gillum’s campaign for governor of Florida, an enormous investment that will test whether fired-up Democratic voters can flip control of a state long dominated by Republicans,” the New York Times reports. “Mr. Steyer said in an interview that he would spend more money in Florida this fall than any other state. He endorsed Mr. Gillum in the Democratic primary, and hailed him as a model for the national Democratic Party.”
“Tom Steyer’s NextGen America organization is working to register 100,000 students in one month at college campuses across 11 states as part of its ‘Welcome Week’ program launching this week,” Axios reports. “This is the group’s biggest voter registration effort yet, focused specifically on the most crucial bloc of non-voters, and it’s happening just three months before the 2018 midterm election.”
Billionaire Tom Steyer plans to spend an additional $10 million on helping Democrats take control of the House by attempting to drive up turnout among infrequent voters motivated by the idea of impeaching President Donald Trump, Bloomberg reports.
“Tom Steyer has set plans to spend at least $110 million in 2018, making the billionaire investor the largest single source of campaign cash on the left and placing him on a path to create a parallel party infrastructure with polling, analytics and staffing capabilities that stand to shape and define the issues the party runs on in November,” Politico reports.
Riding the tea-party wave, Republicans took control of North Carolina for the first time since the 1860s, back when the GOP was the liberal party. Anticipating a Blue Wave in 2016, billionaire Tom Steyer is signaling his intent to help Democrats regain control of the Tar Heel state.