After burning $340 million in his 2020 presidential bid, which ended in failure, billionaire Tom Steyer has spent more than $120 million in hopes of becoming the next governor of California. Thanks to fortuitously timed reporting about former Rep. Eric Swalwell’s extramarital activities, Swalwell’s latest investment looks like it may pay off.
The state’s largest government union, the California Teachers Association, waited only three days after pulling its endorsement from Swalwell to endorse Steyer. Now, armed with hundreds of millions of his own dollars as well as hundreds more from government unions, Steyer is poised to cruise toward at least a second-place finish in the June 2 primary, and from there to an easy general election victory in a Democrat-dominated state.
Under fire from former Rep. Katie Porter, Steyer’s closest Democratic opponent, for his hedge fund’s investment in private prisons that do business with Immigration and Customs Enforcement, Steyer recently issued
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!