The hypocrisy of the left will continue to show itself as the race for 2020 intensifies and it will be fun calling out each instance of it.
Steyer’s alleged goal is to be the “outsider” in the race, ready to “break the corrupt stranglehold that corporations have on our government” and “return power to the American people.” The enemy, Steyer claims, is “corrupt corporate power,” with a bit of climate change sprinkled in. The liberal mega-donor has long fancied himself as an environmental activist, donating more than $100 million to Democratic candidates who agree with him on the issue.
Yet, even a cursory glance at Steyer’s background exposes a Democrat more corporate than community organizer. In 1986, Steyer founded Farallon Capital Management, which has grown into one of America’s largest hedge funds. As of last year, Farallon managed over $25 billion worth of assets: roughly the equivalent of Iceland’s entire economic output. Steyer’s net worth is pegged at $1.6 billion.
Dig deeper, and the stench of hypocrisy only grows. Beginning in the 1980s, Steyer made his name (and much of his money) investing in coal, natural gas, and oil. The New York Times, which describedSteyer as “the most influential environmentalist in American politics,” simultaneously concurred “the coal-related projects his firm bankrolled will generate tens of millions of tons of carbon pollution for years, if not decades, to come.” Farallon has reportedly “pumped hundreds of millions of dollars into companies that operate coal mines and coal-fired power plants from Indonesia to China.”
This isn't not stopping Steyer from ramping up his fundraising for the 2020 election. In addition to pledging $100 million of his own money (essentially, corporate money made from profiteering off pollution and on the backs of public-sector retirees), Steyer is now soliciting $250 contributions for his campaign.