Tom Steyer spent about $1,900 for every vote he got in New Hampshire
There are a lot of ways to spend $19 million. Buying TV ads in a presidential race you have close to zero chance of winning probably shouldn't be one of them.
Billionaire philanthropist Tom Steyer has dumped tons of his own money into the 2020 Democratic presidential race, coming in second to only former New York City Mayor Michael Bloomberg in terms of spending on TV and Facebook ads. But unlike Bloomberg, Steyer has failed to gain more than an ounce of momentum after all was spent and done — a fact that was glaringly obvious after his sixth place finish in Tuesday's New Hampshire primaries.
Steyer spent $19.2 million on TV and radio ads leading up the New Hampshire's vote, NBC News reports, and earned just over 10,000 votes. That's about $1,850 spent on each vote.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Reason to Believe, a PAC supporting former Massachusetts Gov. Deval Patrick, meanwhile spent about $1,430 for every one of Patrick's 1,258 votes — and unlike Steyer, Patrick dropped out of the race immediately after that count was in.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.
-
The Mint’s 250th anniversary coins face a whitewashing controversyThe Explainer The designs omitted several notable moments for civil rights and women’s rights
-
‘If regulators nix the rail merger, supply chain inefficiency will persist’Instant Opinion Opinion, comment and editorials of the day
-
Trump HHS slashes advised child vaccinationsSpeed Read In a widely condemned move, the CDC will now recommend that children get vaccinated against 11 communicable diseases, not 17
-
Hegseth moves to demote Sen. Kelly over videospeed read Retired Navy fighter pilot Mark Kelly appeared in a video reminding military service members that they can ‘refuse illegal orders’
-
Trump says US ‘in charge’ of Venezuela after Maduro grabSpeed Read The American president claims the US will ‘run’ Venezuela for an unspecified amount of time, contradicting a statement from Secretary of State Marco Rubio
-
Bari Weiss’ ‘60 Minutes’ scandal is about more than one reportIN THE SPOTLIGHT By blocking an approved segment on a controversial prison holding US deportees in El Salvador, the editor-in-chief of CBS News has become the main story
-
CBS pulls ‘60 Minutes’ report on Trump deporteesSpeed Read An investigation into the deportations of Venezuelan migrants to El Salvador’s notorious prison was scrapped
-
Trump administration posts sliver of Epstein filesSpeed Read Many of the Justice Department documents were heavily redacted, though new photos of both Donald Trump and Bill Clinton emerged
-
Trump HHS moves to end care for trans youthSpeed Read The administration is making sweeping proposals that would eliminate gender-affirming care for Americans under age 18
-
Jack Smith tells House of ‘proof’ of Trump’s crimesSpeed Read President Donald Trump ‘engaged in a criminal scheme to overturn the results of the 2020 presidential election,’ hoarded classified documents and ‘repeatedly tried to obstruct justice’
-
House GOP revolt forces vote on ACA subsidiesSpeed Read The new health care bill would lower some costs but not extend expiring Affordable Care Act subsidies
