General Discussion
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You think it will be great to have a billionaire hedge fund chief govern California?
What is this, 2016?
Not repeating mistakes.
Not me.
kimbutgar
(27,505 posts)We already have a rich out of touch guy leading the country and its a disaster! These rich guys have no idea of what real Americans are experiencing.
NO rich out of touch billionaire with no legislative/governing experience as governor or of California !
Mr.Bee
(1,905 posts)within earshot of the millionaire CEO's phone and his conversations when he thought no one was listening...
It's enough to make you say, 'Never!'
kimbutgar
(27,505 posts)All jerks.
IcyPeas
(25,729 posts)He's being endorsed by some good, progressive organizations related to the environment/climate, housing.
I'm wary of another billionaire too.
I like Xavier Bacerra... he has the experience.
The Los Angeles Mayor race too... I'm underwhelmed by all of them.
Mr.Bee
(1,905 posts)He made his estimated $1.5 billion to $2.4 billion fortune by founding and running Farallon Capital, a San Francisco-based hedge fund that grew into one of the most profitable in the U.S.. He specialized in high-risk, multi-strategy investmentsincluding distressed assets, private equity, and foreign bank acquisitionsbefore cashing out in 2012 to focus on climate advocacy and politics.
Even David Koch donated to Nova and PBS and wanted to do everything trump is now doing to the American people.
trump was a Democrat before he was a Republicant.
It doesn't matter if you have a 'D' or an 'R' after your name.
Follow the wealth!
Raine
(31,231 posts)Candidate self-financing $341,776,336 98.92%
Small Individual Contributions (< $200) $2,505,884 0.73%
Large Contributions $1,213,482 0.35%
https://www.opensecrets.org/2020-presidential-race/tom-steyer/candidate?id=N00044966
Morbius
(1,077 posts)His name is JB Pritzker, and he's actually pretty good at the job.
I'm just saying, it depends on the guy.
Mr.Bee
(1,905 posts)One candidate is a billionaire who got rich off polluters and ICE prisons and is now using that money to fund his election.
former Rep. Katie Porter said during an April 22 gubernatorial debate in San Francisco.
https://www.latimes.com/politics/story/2026-05-06/tom-steyer-tries-to-sell-voters-on-his-own-personal-change
BannonsLiver
(20,812 posts)Emile
(43,114 posts)Mr.Bee
(1,905 posts)Our team on the left is now our team on the right.
(Who's Next, 1971)
Mr.Bee
(1,905 posts)The next governor of California must be a Democrat.
For us, that person is former Rep. Katie Porter.
The majority of our board believes that Porter has the intellect, the understanding of the issues, the ability to communicate, see the big picture, and the boldness to fight the monied interests who need to be fought. She has the singular ability to uplift Californians struggling with how expensive and exclusive this state has become.
We also believe that it is time that California elects its first woman governor, after nearly 180 years of electing men.
https://amp.sacbee.com/opinion/election-endorsements/article315568587.html
Sympthsical
(11,084 posts)Which is why every lobbying power in Sacramento has become very keen on him since Swalwell's implosion.
I'm just not going to vote for that.
California has to be able to do better than this. A state as blue as this should not be satisfied with the status quo when the status quo is so increasingly difficult for working families.
I really wish we had better choices here. It just feels like we're about to get four years of more of the same. And people who don't live here and know our state solely through Newsom's Twitter account interns think more of the same will be fine.
the_liberal_grandpa
(318 posts)I don't believe there is a more progressive candidate on the ballot than Tom Steyer.
"Experienced" politicians are experienced at taking big money from donors and then
jumping when they say jump.
I understand the argument against billionaires running for office but most of those other candidates
are running because they want to become billionaires themselves.
If we never elected wealthy people to office we would never have had FDR who, in my opinion was
the greatest president in history.
I would suggest that you look to see who is funding the candidates and you will see who is pulling their strings. I think Steyer is funding his own campaign so no one is putting words in his mouth and it shows.
I was going to wait to see who the top Democrat was in the polling before I voted but I have decided to vote for the candidate I think would fight hardest for Californians and their environment and against the fuckup that is in the White House instead.
I want a progressive Governor and Tom Steyer has my vote.
Mr.Bee
(1,905 posts)So Some Research! Doesn't take long to find...
I wasn't going to name names, but since some of you want to,
Call him 'MAGATom'.
'MAGATom' bomb.
He was against it before he was for it. Flip-Flopper.
If he wants to turn over a new leaf and donate and be a philanthropist that's the place for him, not governing us.
-After working at Morgan Stanley and Goldman Sachs in risk arbitrage, Steyer developed expertise in identifying undervalued assets and mergers.
-Steyer founded Farallon Capital Management with $15 million in seed capital. Under his leadership, his fortune, which funded his political activities, was built on diverse investments, including fossil fuels and private prisons, which attracted criticism during his political campaigns.
-Steyer was at the helm as the hedge fund purchased nearly $90 million of Corrections Corporation of America stock
-Steyer joined the former Secretary of State, George Shultz, to co-chair the No on Prop. 23 campaign. Proposition 23, backed by a coalition including conservative billionaires Charles and David Koch, aimed to overturn California's Global Warming Solutions Act of 2006.
-During his 2020 Democratic presidential primary campaign, Steyer opposed Medicare for All; his campaign ran ads against progressive candidate Sen. Bernie Sanders' proposed single-payer healthcare plan. (but now he's for it).
https://en.wikipedia.org/wiki/Tom_Steyer
He is backed by Silicon Valley, billionaires, Rick Caruso and Bari Weiss.
Link to tweet
It's your vote to throw away.
Mr.Bee
(1,905 posts)I was raised by a Single Mother.
First hand experience in their hardships,
their decision making.
What's best for all.
She's got my vote.
Corporate PACs: She has historically avoided corporate PAC contributions, a pledge that her campaign confirmed includes her leadership PAC, "Truth to Power".
Industry Support: While rejecting corporate PAC money, her top donor industries in past federal races have included Education, Retirees, and Democratic/Liberal organizations.
Jacson6
(2,153 posts)Mr.Bee
(1,905 posts)billionaires don't care about parties, they play both sides!
(and trump was Democrat before he was Republicant)