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
Mostly Cloudy
41° wxIcon
Hi: 61° Lo: 36°
Feels Like: 41°
Robinson
Cloudy
38° wxIcon
Hi: 61° Lo: 36°
Feels Like: 38°
Indianapolis/Eagle Creek
Partly Cloudy
39° wxIcon
Hi: 60° Lo: 36°
Feels Like: 39°
Paris
Partly Cloudy
41° wxIcon
Hi: 61° Lo: 35°
Feels Like: 36°
Mattoon/Charleston
Cloudy
45° wxIcon
Hi: 60° Lo: 37°
Feels Like: 41°
Terre Haute
Partly Cloudy
41° wxIcon
Hi: 61° Lo: 35°
Feels Like: 41°
Terre Haute
Cloudy
41° wxIcon
Hi: 60° Lo: 36°
Feels Like: 41°
Cloudy and a little warmer!
WTHI Planner
WTHI Temps
WTHI Radar

WTHI Events

 

Illinois Coronavirus Cases

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

Cases: 1312620

Reported Deaths: 24056
CountyCasesDeaths
Cook5258549860
DuPage871721255
Will72414968
Lake65012969
Kane56108756
Winnebago31421460
Madison29941515
McHenry27305279
St. Clair27246504
Peoria21618285
Champaign19921139
Sangamon17912230
McLean17130172
Tazewell16176259
Rock Island14360305
Kankakee13622199
Kendall1245290
LaSalle11878233
Macon10307191
DeKalb9432118
Vermilion9117128
Adams8243117
Williamson7236126
Whiteside6937166
Boone644671
Ogle581578
Clinton571890
Grundy563771
Coles555094
Knox5354137
Jackson487263
Henry475863
Effingham468672
Livingston462583
Macoupin461181
Stephenson455981
Woodford444364
Marion4419115
Franklin433870
Monroe431990
Jefferson4174119
Randolph409584
Lee401951
Morgan378279
Fulton370050
Logan367156
Montgomery364773
Bureau355481
Christian353172
Fayette314154
Perry313059
Iroquois291564
Jersey263849
McDonough262344
Douglas255335
Saline251753
Lawrence239525
Shelby225137
Union223040
Crawford209325
Bond199424
Cass195124
Jo Daviess177724
Pike177551
Clark176832
Warren174646
Wayne173652
Hancock173230
Richland172140
Carroll172036
Ford170746
Edgar167239
White166626
Washington162825
Moultrie157826
Clay147443
Mason143242
Greene142633
Piatt142014
Johnson140314
De Witt139823
Mercer137333
Wabash134112
Massac131440
Cumberland128319
Menard119112
Jasper114317
Marshall99917
Hamilton82415
Schuyler7125
Brown6896
Pulaski6807
Stark61523
Edwards55912
Henderson52114
Calhoun5122
Scott4691
Alexander46211
Gallatin4534
Putnam4533
Hardin37012
Pope3073
Out of IL30
Unassigned02301

Indiana Coronavirus Cases

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

Cases: 711787

Reported Deaths: 13252
CountyCasesDeaths
Marion970181723
Lake52028950
Allen39414672
Hamilton34709406
St. Joseph34386543
Elkhart27543433
Vanderburgh22109394
Tippecanoe21967213
Porter18043301
Johnson17600374
Hendricks16873310
Clark12728190
Madison12379337
Vigo12248244
Monroe11535166
LaPorte11258204
Delaware10390184
Howard9712211
Kosciusko9184114
Hancock8031139
Bartholomew7925155
Warrick7709155
Floyd7574176
Wayne6921198
Grant6862171
Boone6584100
Morgan6425138
Dubois6101117
Marshall5819109
Dearborn572076
Cass5706104
Henry5591101
Noble544583
Jackson494672
Shelby481995
Lawrence4351118
Gibson429789
Harrison429371
Clinton421853
Montgomery419387
DeKalb414484
Whitley383239
Huntington380480
Miami374165
Steuben368757
Knox367589
Putnam353660
Jasper352946
Wabash348578
Adams338453
Ripley335769
Jefferson318180
White309254
Daviess290199
Wells286981
Decatur279792
Fayette277362
Greene270685
Posey269533
Scott262053
LaGrange256170
Clay255245
Randolph236780
Washington231931
Spencer228231
Jennings225548
Fountain209845
Sullivan208342
Starke206452
Owen192956
Fulton192440
Jay186629
Carroll186120
Perry181436
Orange178553
Rush170824
Vermillion166543
Franklin166035
Tipton161543
Parke144616
Blackford134131
Pike130934
Pulaski114445
Newton104434
Brown100740
Crawford98114
Benton97613
Martin83315
Warren80215
Switzerland7728
Union70210
Ohio56011
Unassigned0408