News

Elections

Billionaire Democrat Tom Steyer Announces 2020 Presidential Run

Tom Steyer, founder of NextGen Climate, speaks during the California Democratic Convention in San Francisco, Calif., June 1, 2019. (Stephen Lam/Reuters)

Billionaire Tom Steyer announced Tuesday that he will join the crowded field vying for the 2020 Democratic presidential nomination, and promised to commit at least $100 million of his personal fortune to the campaign.

The 62-year-old hedge-fund manager made his announcement in a video message posted to Twitter, in which he took aim at drug companies, banks, and corporations, which he said should not have an “unlimited ability to participate in politics.”

“Almost every single major intractable problem, at the back of it you see a big-money interest for whom stopping progress, stopping justice is really important to their bottom line,” Steyer said, before promising to “take the corporate control out of our politics.”

“Corporations don’t have hearts, or souls, or futures. They don’t have children. They have a short time frames and they really care about just making money,” he continued. “If this is a banana republic with a few very, very rich people and everybody else living in misery, that’s a failure.”

The major Democratic donor, who has advocated and financed investment in renewable energy, said reducing corporate influence in politics will also aid in fighting the “devastating impacts of climate change.”

Steyer, who earlier this year said he’d decided not to run, has already missed the first Democratic primary debates, which were hosted by NBC and MSNBC at the end of last month.

Steyer, who has spent millions on a movement lobbying for President Trump’s impeachment, declined in his announcement to mention Trump by name.

Send a tip to the news team at NR.

Most Popular

U.S.

First, Restore Order

Doing evil in the service of a just cause does not change either side of the moral equation: Evil remains evil, and the just cause remains just — neither consideration cancels out the other or transmutes it. With riots and violence convulsing American cities after the horrifying death of George Floyd at the ... Read More
U.S.

First, Restore Order

Doing evil in the service of a just cause does not change either side of the moral equation: Evil remains evil, and the just cause remains just — neither consideration cancels out the other or transmutes it. With riots and violence convulsing American cities after the horrifying death of George Floyd at the ... Read More
Politics & Policy

No, Martin Luther King Was Not Pro-Riot

Among the more contemptible rhetorical tricks used this past weekend was the hijacking of Martin Luther King Jr. to enlist him in the cause of rioting. Celebrities, activists, leading journalistic institutions, and even the Martin Luther King Jr. Center itself are participating in a misinformation campaign by ... Read More
Politics & Policy

No, Martin Luther King Was Not Pro-Riot

Among the more contemptible rhetorical tricks used this past weekend was the hijacking of Martin Luther King Jr. to enlist him in the cause of rioting. Celebrities, activists, leading journalistic institutions, and even the Martin Luther King Jr. Center itself are participating in a misinformation campaign by ... Read More
Politics & Policy

Is It Revolution?

I knew I was tempting fate a week ago when I said that the coming nomination of Joe Biden and the COVID-19 pandemic had put America’s politics on chill during this election year. Little did I know that days later we’d be making analogies to 1968. The killing of George Floyd by a Minneapolis policeman moved ... Read More
Politics & Policy

Is It Revolution?

I knew I was tempting fate a week ago when I said that the coming nomination of Joe Biden and the COVID-19 pandemic had put America’s politics on chill during this election year. Little did I know that days later we’d be making analogies to 1968. The killing of George Floyd by a Minneapolis policeman moved ... Read More
PC Culture

For Looters, Looting Is Fun

One important thing to realize about looting is that it's usually enjoyable for those engaged in it, who exult in the momentary suspension of any rules. Just a couple of examples from the last couple of days (language ... Read More
PC Culture

For Looters, Looting Is Fun

One important thing to realize about looting is that it's usually enjoyable for those engaged in it, who exult in the momentary suspension of any rules. Just a couple of examples from the last couple of days (language ... Read More