JUST IN: Pledging to continue to work on issues of racial injustice and climate change, Tom Steyer announces he is dropping out of the 2020 race: 'Honestly, I can't see a path where I can win the presidency.'
But after disappointing finishes in the first three nominating contests, in which he finished no higher than fifth place, and despite an improved showing in the South Carolina primary, Steyer told supporters that he is ending his bid for the presidency.
Democratic presidential hopefuls tech entrepreneur Andrew Yang and billionaire-philanthropist Tom Steyer speak during the fifth Democratic primary debate of the 2020 presidential campaign season in Atlanta, Nov. 20, 2019. "Every Democrat is a million times better than Trump. Trump is a disaster," he told supporters Saturday."And let me say this: I mean, we're in South Carolina; Lindsey Graham's a disaster. He's a disaster for the people here. So, of course I'll be working on that."
Throughout the campaign, Steyer faced persistent questions about whether or not a billionaire should be able to spend so heavily when other campaigns have to run more traditional operations to generate grassroots support. He defended his position, arguing that what matters is a candidate's message, and that he spent ample time in the early states talking to voters in addition to his large advertising buys., it's a series of elections ...
He retired from the firm in 2012 and turned his attention to the environment and a host of liberal political issues in his home state of California.
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