Does it really come as a surprise that Democratic Presidential candidate Tom Steyer’s campaign was caught offering money for political endorsements? In California, Steyer spent hundreds of millions of dollars to curry favor from numerous politicians and local groups.
For example, Steyer became close friends with then California State Senate Pro Tem Kevin de Leon (D-Los Angeles). The once hedge fund billionaire who made his initial fortune off fossil fuels developed (or maybe bought?) an ally in de Leon, who was now promoting clean energy policy, where Steyer had financial investments.
In a complete surprise (cough, cough) de Leon would later get a key political endorsement from Steyer during his failed run for U.S. Senate in 2018 as he sought to oust long-time incumbent, Senator Dianne Feinstein.
As we have asked the public to be careful of what you read or who is endorsing a set of rule changes – by following the money, you could come to a very different conclusion.