Bloomberg and Steyer are showing money doesn't matter much in politics

Billionaires can't just buy votes

Michael Bloomberg and Tom Steyer.
(Image credit: Illustrated | pe-art/iStock, ALAIN JOCARD/AFP via Getty Images, Teerapol24/iStock, Tetiana Lazunova/iStock, REUTERS/Bryan Snyder, Oleksandra Chekanska/iStock, zybr/iStock)

It's difficult to remember who Tom Steyer is.

The answer, if your memory needs a jog as much as mine, is a billionaire finance guy who numbers among the infinity Democratic candidates hoping to challenge President Trump in 2020. Since announcing his campaign in early July, Steyer has steadily outspent the rest of the Democratic primary field on television ad buys. In fact, until mid-November, he consistently spent more than all the other candidates combined. To date, FiveThirtyEight estimates Steyer has dropped around $46 million on TV ads. And yet, per the RealClearPolitics average, he is polling at all of 1.7 percent.

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Bonnie Kristian

Bonnie Kristian was a deputy editor and acting editor-in-chief of TheWeek.com. She is a columnist at Christianity Today and author of Untrustworthy: The Knowledge Crisis Breaking Our Brains, Polluting Our Politics, and Corrupting Christian Community (forthcoming 2022) and A Flexible Faith: Rethinking What It Means to Follow Jesus Today (2018). Her writing has also appeared at Time Magazine, CNN, USA Today, Newsweek, the Los Angeles Times, and The American Conservative, among other outlets.