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.
-
Hegseth’s Signal chat put troops in peril, probe findsSpeed Read The defense secretary risked the lives of military personnel and violated Pentagon rules, says new report
-
Texas is trying to become America’s next financial hubIn the Spotlight The Lone Star State could soon have three major stock exchanges
-
Trump pardons Texas Democratic congressmanspeed read Rep. Henry Cuellar was charged with accepting foreign bribes tied to Azerbaijan and Mexico
-
Hegseth’s Signal chat put troops in peril, probe findsSpeed Read The defense secretary risked the lives of military personnel and violated Pentagon rules, says new report
-
Trump pardons Texas Democratic congressmanspeed read Rep. Henry Cuellar was charged with accepting foreign bribes tied to Azerbaijan and Mexico
-
GOP wins tight House race in red Tennessee districtSpeed Read Republicans maintained their advantage in the House
-
Trump targets ‘garbage’ Somalis ahead of ICE raidsSpeed Read The Department of Homeland Security will launch an immigration operation targeting Somali immigrants in the Minneapolis-St. Paul area
-
Hegseth blames ‘fog of war’ for potential war crimespeed read ‘I did not personally see survivors,’ Hegseth said at a Cabinet meeting
-
Canada joins EU’s $170B SAFE defense fundspeed read This makes it the first non-European Union country in the Security Action for Europe (SAFE) initiative
-
Appeals court disqualifies US Attorney Alina HabbaSpeed Read The former personal attorney to President Donald Trump has been unlawfully serving as US attorney for New Jersey, the ruling says
-
White House says admiral ordered potential war crimeSpeed Read The Trump administration claims Navy Vice Adm. Frank ‘Mitch’ Bradley ordered a follow-up strike on an alleged drug-smuggling boat, not Pete Hegseth
