Billionaire Democratic Candidates Prove Money Can’t Buy You Popularity

The entire 2020 Democratic race has been a bit of a wayward spectacle so far, with a great many of the old tried and true tactics falling victim to the party’s “wokeness”.

These days, it seems to be some sort of sin for a candidate to be wealthy, or to solicit fundraising from those who are.  The left is only interested in grassroots, small-dollar influence, and there are more than a few candidates currently in the race who have ignored this truth at their own peril.

Of them, both Tom Steyer are Michael Bloomberg are billionaires themselves.  Despite their exorbitant wealth and inordinate spending, they have failed to capture even a meager percentage of the Democratic base’s support.

Politico reported Wednesday:

Together, Tom Steyer and Michael Bloomberg have poured nearly $200 million into television and digital advertising alone, with the former New York mayor spending an unprecedented $120 million in the roughly three weeks since he joined the presidential race. That’s more than double the combined ad spending of every single non-billionaire candidate in the Democratic field this entire year.

However, according to the RealClearPolitics national poll average, Bloomberg is languishing in fifth place, with 5%. Steyer is doing even worse, in tenth place, with 1.5%.

Steyer improves to seventh in Iowa (2.5%) and New Hampshire (2.7%), sixth in Nevada(3.5%), and fifth in South Carolina (4.0%). Bloomberg’s best result in an early primary state appears to be in California, where he is sixth (3.3%).

Bloomberg’s late entry into the race was considered an ill-advised decision from the very start, while Steyer has simply failed to connect with voters in any meaningful way.