Tom Steyer ends 2020 presidential campaign

Democratic presidential candidate Tom Steyer announced he will suspend his presidential campaign after former Vice President Joe Biden won the South Carolina primary.

Posted: Mar 1, 2020 8:24 AM


Tom Steyer ended his presidential campaign on Saturday night after the billionaire businessman failed to gain traction in a large field of Democratic candidates.

Steyer exited the race after he failed to claim victory in South Carolina, a state he invested heavily in, hoping it would turn around his sputtering run.

"I said if I didn't see a path to winning that I'd suspend my campaign," he said. "And honestly, I can't see a path where I can win the presidency."

The businessman's decision comes after disappointing showings in the race's first three contests in Iowa, New Hampshire and Nevada. In Nevada, Steyer outspent the rest of the Democratic field on advertisements by more than $13 million.

Visit CNN's Election Center for full coverage of the 2020 race

Steyer spent more than $200 million on advertising for his presidential campaign, and contributed about $155 million in the fourth quarter of 2019. But the power of Steyer's money was partially blunted late in his campaign by the entrance of former New York Mayor Michael Bloomberg, who has spent more than $500 million on ads in a few short months, effectively watering down Steyer's omnipresence.

Steyer spent considerable time and money in South Carolina, and there were signs his investment was paying off. The billionaire businessman spent more than $22 million on television and radio ads in the state, hoping that direct and persistent outreach to black voters could cut into former Vice President Joe Biden's strength with the powerful voting bloc. A recent Monmouth University poll found Steyer at 15% in the state, neck-and-neck with the race's front-runner Vermont Sen. Bernie Sanders and behind Biden.

Steyer said he supports reparations for African Americans, and pledged he would, if elected, establish a commission on race led by African Americans aimed at coming up with solutions.

Before officially launching his campaign in July, Steyer operated as a funding force in Democratic politics. He spent millions bankrolling candidates and organizations that promoted liberal causes and the impeachment of President Donald Trump. Steyer starred in self-funded television commercials calling for Congress to remove Trump from office. Those ads were powerful in the early states, where voters who backed Steyer said they liked the fact that he spearheaded the impeachment effort.

The longtime Democratic donor, whose net worth reached $1.6 billion this year according to Forbes, said he would make tackling the global climate crisis a top priority of his administration and vowed to combat what he called the "undue influence" of corporate power on the US economy. He called for a $15 minimum wage, congressional term limits and the repeal of Citizens United, the 2010 Supreme Court decision that eased restrictions on corporate campaign spending. Steyer said he would repeal the Trump tax cuts and install a 1% wealth tax on those whose net worth is above $32 million.

Steyer broke with progressive leaders on "Medicare for All," and said he would prefer to build on the current system, as it exists under the Affordable Care Act, and push for a public option, or a government-backed insurance plan.

In the end, though, Steyer's campaign became a case study of how even hundreds of millions in personal spending cannot directly lead to success in a presidential election.

Steyer did get a burst of attention in the final days of his campaign, turning in his most aggressive debate performance on Tuesday. And on the eve of the South Carolina primary, a video of Steyer dancing onstage with rapper Juvenile at an event in South Carolina went viral.

Terre Haute
Clear
44° wxIcon
Hi: 69° Lo: 41°
Feels Like: 44°
Robinson
Clear
46° wxIcon
Hi: 69° Lo: 41°
Feels Like: 46°
Indianapolis
Clear
43° wxIcon
Hi: 65° Lo: 43°
Feels Like: 39°
Rockville
Clear
46° wxIcon
Hi: 67° Lo: 38°
Feels Like: 42°
Casey
Clear
47° wxIcon
Hi: 68° Lo: 41°
Feels Like: 44°
Brazil
Clear
44° wxIcon
Hi: 68° Lo: 40°
Feels Like: 44°
Marshall
Clear
44° wxIcon
Hi: 68° Lo: 40°
Feels Like: 44°
Sunny & Seasonable
WTHI Planner
WTHI Temps
WTHI Radar

Latest Video

Image

Saturday Night: Clear, chilly. Low: 39°

Image

Rose Steamrolls Anderson at Home

Image

Northview's Season Comes to an End at Owen Valley

Image

Linton Volleyball Claims First Sectional Since 2017

Image

Bloomfield Volleyball Wins Fourth Straight Sectional Title

Image

Flu Season is Back

Image

Saturday: Sunny, breezy and much cooler. High: 62°

Image

Parke Heritage Fountain Central

Image

North Vermillion Wins a Close One Over Seeger

Image

Casey Dominates Marshall

WTHI Events

 

Illinois Coronavirus Cases

(Widget updates once daily at 7 p.m. CT)

Cases: 1665777

Reported Deaths: 27840
CountyCasesDeaths
Cook63126111168
DuPage1074651374
Will906981118
Lake795261076
Kane68004866
Winnebago40745559
Madison39883590
St. Clair36147591
McHenry34415322
Champaign26859196
Peoria26749368
Sangamon25613284
McLean22871216
Tazewell20525330
Rock Island18699358
Kankakee17795247
Kendall16104113
Macon15222250
LaSalle14954285
Vermilion14202198
Adams13072152
DeKalb12078133
Williamson11998174
Whiteside8247181
Jackson806594
Boone787583
Coles7843121
Ogle752487
Grundy731786
Franklin7276114
Knox7197169
Clinton7095102
Macoupin6893104
Marion6871143
Henry659876
Effingham655499
Jefferson6492142
Livingston594697
Stephenson577592
Woodford573592
Randolph552399
Christian530382
Monroe5236100
Fulton521674
Morgan503899
Logan492574
Montgomery487680
Lee476960
Bureau441189
Saline431769
Perry430375
Fayette428964
Iroquois418177
McDonough372360
Shelby343147
Jersey334253
Crawford330830
Lawrence329932
Douglas324737
Union305448
Wayne299961
White278533
Richland278457
Hancock271935
Clark264939
Cass264730
Pike262658
Clay257354
Edgar255249
Bond255024
Warren242765
Ford242259
Carroll235638
Moultrie228833
Johnson223831
Wabash216619
Jo Daviess214529
Massac213748
Mason211652
Washington211428
Greene204540
De Witt204230
Mercer202235
Piatt200614
Cumberland188526
Menard171013
Jasper160521
Marshall140921
Hamilton133322
Schuyler106410
Brown10589
Pulaski103711
Edwards102518
Stark80928
Gallatin7848
Alexander71312
Scott7116
Henderson69614
Calhoun6862
Hardin59416
Putnam5604
Pope5446
Unassigned1582433
Out of IL90

Indiana Coronavirus Cases

(Widget updates once daily at 8 p.m. ET)

Cases: 996341

Reported Deaths: 16245
CountyCasesDeaths
Marion1343262101
Lake658231151
Allen57160791
Hamilton45963460
St. Joseph43954607
Elkhart35546503
Vanderburgh31975473
Tippecanoe27694256
Johnson24821440
Hendricks23647353
Porter22735362
Madison18538404
Clark18383248
Vigo17274300
Monroe15117197
LaPorte14987249
Delaware14931256
Howard14574286
Kosciusko12166147
Hancock11597175
Bartholomew11447179
Warrick11225188
Floyd10983214
Wayne10840248
Grant9898217
Morgan9361176
Boone8819115
Dubois8210129
Dearborn815492
Henry8107150
Noble7944106
Marshall7786134
Cass7462119
Lawrence7379168
Shelby7115114
Jackson691788
Gibson6480113
Harrison641591
Huntington630299
Knox6269105
DeKalb623796
Montgomery6184109
Miami586595
Putnam573477
Clinton567171
Whitley558055
Steuben550473
Wabash5250101
Jasper520475
Jefferson504695
Ripley492485
Adams472773
Daviess4596112
Scott433968
Greene421196
Wells419787
Clay418460
White414261
Decatur4118101
Fayette402186
Jennings383260
Posey374243
LaGrange352078
Washington352049
Randolph339999
Spencer336442
Fountain331858
Sullivan326652
Starke310868
Owen310169
Fulton304566
Orange290562
Jay278445
Perry264452
Franklin262742
Carroll258232
Rush257232
Vermillion254254
Parke229726
Pike227343
Tipton225659
Blackford187840
Pulaski181155
Crawford158122
Newton155648
Benton150117
Brown144047
Martin137319
Switzerland133911
Warren120116
Union106615
Ohio84012
Unassigned0532