We have a rich President…
It isn’t working out too good….
Steyer and Mike Bloomberg do NOT fit as leaders of the Democratic Party…
Democrats want their money ….
Not for them to lead the party that looks at itself as the defenders of the middle and lower class America…
He has failed to qualify for the next Democratic debate…
Tom Steyer just lost a $16 million bet.
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.
But after Wednesday’s deadline, Steyer was one poll short of the four 2-percent showings he needed to make the stage, leaving him out of the September debate. He could still make the October stage with one more poll, but his failed fast-track bid to get into the next debate is a signal that Steyer’s young campaign is not gaining traction the way he hoped it would.
It’s the latest example of Steyer dumping tens of millions of his own dollars into an ambitious cause — including turning climate change into the key issue of the 2014 elections, impeaching President Donald Trump and, now, his own, late bid to make the presidential debates — and coming up short. Steyer has spent more than $230 million since 2014 on his own efforts to influence policy and elections, and has said he will pour at least $100 million into his campaign for president. That will give him a massive advantage over other low-polling campaigns — but as Steyer has learned, money can only do so much.
“Tom Steyer is the only one who has been able to spend enough to get the name recognition and the support in the early states” with paid media, said Patrick Murray, director of the Monmouth University Polling Institute, which conducts polls that helped determine which candidates qualified for DNC debates this year. “You can’t turn on a TV in those early states without seeing a Tom Steyer ad.”
But while Steyer has blanketed the airwaves in Iowa and New Hampshire, he hasn’t successfully pitched voters, said Democratic strategist Hank Sheinkopf.
“He didn’t get into the debate because his message is faulty, and with $20 million he should have been able to do it,” said Sheinkopf. “It’s not good advertising: It’s well cut, it’s pleasing to the eye, but it’s not evocative.”….