Is Tom Steyer running for world's biggest hypocrite or President?

Privileged Dark Money Billionaire Tom Steyer is running for President rallying against dark money. Photo: New York Magazine, Photograph by Michael Friberg

In preparation for this article, we watched Steyer’s campaign for president kick-off video (please feel our pain by sharing this article!). He talks about big money in politics and how the corporations run things, and THAT’S why he’s running for President.

Well, here’s the problem – he is one of the largest donors and influencers in lefty politics (we’re going to info dump a ton of links at the end of this article). He puts the hip-hop in hypocrisy.

Of course, the mainstream media is going to ignore the fact that just 7 months ago, Steyer announced he was NOT running for president. Even though he’s been on a self-promoting PR campaign for almost a decade now. It’s clear this guy just wants attention and adoration.

He doesn’t want to Make America Great Again, he wants to make Tommy Feel Great Now – this is exactly who we DON’T want or need in politics.

So how did little Tommy Steyer make his money?

It didn’t hurt that his daddy graduated from Yale’s liberal elite law school at 21, helping Tommy start on 2nd base. After graduating from the Phillips Exeter Academy (arguably the most elite prep school in the world), Tommy followed in daddy’s footsteps by graduating from Yale (undergraduate) and then getting an MBA at Stanford (no elitism there [sarcasm]).

How did Tommy make his money? Here is one take on it from Axios:

Hailing from New York’s Upper East Side, Steyer had all the elite connections he needed to be successful: His father was a partner at Sullivan & Cromwell, and his resumé segued seamlessly from the Buckley School through Exeter, Yale (summa cum laude and Phi Beta Kappa), Stanford Business School and Goldman Sachs. He also married into money: His wife, Kat Taylor, is the granddaughter of a San Francisco banking magnate.

Here’s something from Forbes that points out Steyer, Mr. Anti Fossil Fuel himself, actually makes money from his hedge fund that invested in fossil fuels. Remember that hypocrisy we pointed out?

He spent 26 years running Farallon, often delivering double-digit annual returns for his investors, before cashing out in 2012 to focus on politics and the environment. That move sparked controversy because Steyer had made a fortune, in part, by investing in fossil fuels. He sold his ownership stake in Farallon to his partners but has likely kept a sizable chunk of his personal portfolio invested in Farallon’s funds, which are now managed by his former right-hand man, Andrew Spokes.

Even the liberal New York Times points out that Steyer will have a hard time selling his outsider, anti-big money in politics stance:

Still, even as Mr. Steyer has clashed with Democratic leaders, he has continued to underwrite the party’s campaigns and causes prolifically — a practice he said would continue during the presidential race. His funding for voter-turnout initiatives aimed at state-level elections, he said, would continue unabated.
– New York Times, “Tom Steyer Will Run for President and Plans to Spend $100 Million on His Bid”, June 9, 2019

Needless to say, Steyer would be horrible in the White House. So even for our liberal readers, take note this guy is bad news.

Please share!

Remember to check back with the Colorado Citizen Press. We’re always looking for good stories to write about. Please use our “Citizen Tip Line” early and often. Like us on Facebook and follow us on Twitter (@COCitizenPress)!

Here’s the links we promised just in case you weren’t convinced Steyer = bad.

Is Tom Steyer running for world’s biggest hypocrite or President?

Leave a Reply Cancel reply