Tom Steyer drops out of the 2020 presidential race

[Uncle Joe]

Billionaire former hedge fund manager and liberal activist Tom Steyer dropped out of the 2020 Democratic primary after a disappointing finish in the February 29 South Carolina primary, MSNBC reports.

Steyer quit the race after coming in third place in South Carolina with about 11% of the vote, failing to meet the 15% minimum threshold to earn statewide delegates.

Steyer, who entered the race in July 2019, founded two organizations to advance Democratic causes: Need To Impeach, which is advocating for Congress to begin impeachment proceedings against President Donald Trump, and NextGen America, a group combatting climate change and backing political candidates who support strong climate action.

In a video announcing his candidacy, Steyer denounced the role of corporate money in politics, saying "we've got to take the corporate control out of our politics... We care about improving the world and handing it on to the next generation in a way so they can lead better lives than we've had. If we don't do those two things, shame on us."

(snip)

https://www.businessinsider.com/tom-steyer-drops-out-of-the-2020-presidential-race-2020-2

[mzmolly]

1. Thanks to Mr. Steyer for

his activism.