Tom Steyer's showboating presidential campaign will hurt Democrats

He has no chance to win, but he can still do plenty of damage

Tom Steyer.
(Image credit: Illustrated | Chip Somodevilla/Getty Images, Mityay_PG/iStock, javarman3/iStock)

For a period of less than 24 hours between Monday and Tuesday, the hillside was pearled with dew, the lark was on the wing, God was in His heaven, and all was right in the world. The 2020 Democratic primary field had briefly been reduced to a mere 24 candidates after Rep. (or Gov. or former Sen. or whatever) Eric Swalwell of (a state somewhere, I guess) announced that he was withdrawing from the contest.

It was over before anyone could appreciate it. On Tuesday morning Tom Steyer, the billionaire hedge fund manager and Democratic donor extraordinaire, announced his own candidacy, reversing a decision he had made in January to restrict himself to fundraising in this election. Now, he says, he is not only running for his party's presidential nomination; he is also willing to spend a lot of money to secure it. A hundred million dollars is (organic) chicken feed to Steyer.

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