Billionaire Democrat Tom Steyer Drops Presidential Campaign After Wasting Millions

Tom Steyer was always a longshot candidate. Everyone seemed to know this but him.

He spent hundreds of millions in his own money on his campaign and ended up with little to show for it.

After the South Carolina primary on Saturday night, he finally dropped out of the race.

CBS News reports:

Tom Steyer drops out of presidential race

Billionaire Tom Steyer dropped out of the presidential race after he finished behind Joe Biden in South Carolina on Saturday. “Honestly, I can’t see a path where I can win the presidency,” Steyer told supporters during an election night party in Columbia, South Carolina, adding he would continue to support grassroots causes.

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“This has been a great experience. I have zero regrets,” Steyer said.

After Steyer spoke, some staffers appeared stunned, others frustrated. Organizer Nicola Hemphill wiped streams of tears from her face as she clung to friends. “South Carolina was a slave state,” Hemphill told CBS News. “This is the first candidate I have ever seen put black people first. And he did it on the national platform.”

Hemphill described what she believes will become Steyer’s legacy: “Tenacity. Entrepreneurship. He cares about our lives.”

Steyer invested heavily in the Palmetto State, building a campaign infrastructure and spending more than $17 million on ads there. He had the most staff in South Carolina, with 102 staffers, and spent 23 days campaigning in the state.

Watch his remarks below:

Steyer didn’t make much of an impact.

Heh.

 

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