tom steyer

Today we discuss Texas, overreaction and the voluminous field of candidates for California governor.

Is there anyone who is not running for governor?

I’m not. And neither are my two cats. At least they weren’t as of this morning, when we discussed the race before breakfast.

That leaves us somewhat short of the 135 candidates who ran in California’s 2003 recall gubernatorial election. But not by much.

I count nearly a dozen serious candidates, with possibly more to come. Why so many?

Opportunity.

This is the most wide-open race for California governor in decades. By comparison, you’d have to go back to at least 1998, when Lt. Gov. Gray Davis surged past a pair of moneybag candidates, Al Checchi and Rep. Jane Harman, in the Democratic primary, then stomped Republican Atty. Gen. Dan Lungren in November to win the general election.

Now, as then, there is no one who even remotely resembles a prohibitive front-runner.

Polling in the governor’s race has shown former Democratic Rep. Katie Porter and Chad Bianco, Riverside County’s Republican sheriff, narrowly leading the field. But with support for both in the middling 13%-to-21% range, we’re not talking about a pair of world-beaters.

Like nature, political ambition abhors a vacuum.

Speaking of moneybags…

Tom Steyer!

Yes.

After making a bundle as a hedge fund manager, the San Francisco billionaire and environmental activist has been panting after public office for years. Running for president didn’t work out in 2020, even after Steyer spent more than $345 million on his effort. (That’s close to what the Dodgers spent on their 2025 payroll.)

So now Steyer is running for governor, a move he appeared to telegraph by airing nearly $13 million in self-promotional ads that, oh yes, supported passage of Proposition 50, the Democratic gerrymander initiative.

What are his chances?

Longtime readers of this column — both of you! — will know I make no predictions.

But California voters have never looked favorably upon rich candidates trying to make the leap from political civilian to the governorship or U.S. Senate. In fact, over the last 50-plus years, a gilded gallery of the well-to-do have tried and spectacularly failed.

Perhaps Steyer will display the policy chops or the razzle and dazzle they all lacked. But his launch video certainly didn’t shatter any molds. Rather, it presented a stereotypical grab bag of redwood trees, potshots at Sacramento, multicultural images of hard-working-everyday-folk, a promise to fight, a pledge to build more housing and, of course, a dash of profanity because, gosh darn it, nothing says “unbridled authenticity” like a political candidate swearing!

Maybe his fellow billionaire, Rick Caruso, will show more creativity and imagination if he gets into the governor’s race.

At least Democrats have been showing signs of life.

Indeed. Dare I say, the party’s mood swing from near-suicidal to euphoric has been quite something.

Winning gubernatorial elections in New Jersey and Virginia — not by a little, but a lot — and prevailing in down-ballot contests in Pennsylvania and Georgia had a remarkably transformative effect. (Zohran Mamdani’s mayoral victory in sky-blue New York City was no big surprise once the democratic socialist prevailed in the primary.)

Literally overnight, Democrats seized the momentum heading into the 2026 midterm election, while Republicans have begun scrambling to reposition their party and recraft its messaging.

All that being said, even before their buoyant off-year performance those widespread reports of Democrats’ demise were greatly … well, we’ll leave that Mark Twain chestnut alone. As analyst Charlie Cook points out, 2024 was a deeply disappointing year for the party. But it wasn’t a disaster.

Democrats gained two House seats. There was no net change in any of the 11 gubernatorial races and legislative contests across 44 states ended in something close to a wash. The party lost four Senate seats — and control of the chamber — but three of those losses came in the red states of Montana, Ohio and West Virginia.

“This is not to argue that Democrats had a great night in November 2024, but it certainly wasn’t a massacre or a party-wide repudiation,” Cook wrote in a recent posting. “If voters had intended to take it out on the party as a whole, the results would have looked quite different.”

Rather than a wholesale takedown of Democrats, the result seemed very much a rejection of President Biden and, by extension, his hasty replacement on the ballot, Vice President Kamala Harris.

What does that mean going forth?

If you’re asking whether Democrats will win control of the House or Senate…

Yes?!?

…I haven’t a clue.

Democrats need to gain three seats to take control of the House and both history and Trump’s sagging approval ratings — especially as pertains to the economy — augur well for their chances. The president’s party has lost House seats in 20 of the last 22 midterm elections and, according to Inside Elections, the fewest number of seats that flipped was four.

That’s why I thought Proposition 50, which sets out to all but decapitate California Republicans in Congress, was a bad and unnecessary move, effectively disenfranchising millions of non-Democratic voters.

An appeals court last week tossed out a Republican gerrymander in Texas, putting Democrats in an even stronger position, though the legal wrangling is far from over. The Supreme Court temporarily blocked the decision, pending review. And still to come is a high court ruling that could gut the Voting Rights Act and yield Republicans a dozen or more House seats nationwide.

So the fight for control is far from decided.

As for the Senate, Republicans stand a much better chance of keeping control, given how the seats contested in 2026 are located on largely favorable GOP terrain.

But until the votes are counted, nobody knows what will happen. That’s the thing about elections: they help keep wiseacres like me honest.

Nov. 19 (UPI) — Billionaire activist Tom Steyer announced his run for California governor after the former presidential candidate claimed no plans existed for him to again run for political office.

Steyer, 68, pointed to his business experience in a candidate video vying to replace term-limited Gov, Gavin Newsom, a Democrat and rumored 2028 presidential contender, saying he’s running because “Californians deserve a life they can afford.”

“Sacramento politicians are afraid to change this system. I’m not,” he added in a campaign launch video.

He joined the field with other gubernatorial candidates such as former U.S. Rep. Katie Porter, D-Calif., ex-U.S. Health and Human Services Secretary Xavier Becerra and former Los Angeles Mayor Antonio Villaraigosa.

A 2020 presidential candidate, Steyer said that his long business background separates him from other candidates.

“I wanted to build a business here. Now it’s worth billions of dollars. And I walked away from it because I wanted to give back to California,” Steyer said.

In 2010, Steyer signed the Giving Pledge vowing to donate half his massive fortune to charity during his lifetime.

On Wednesday, he said California needs to “get back to basics,” which he says meant “making corporations pay their fair share again.”

“Californians deserve a top 10 education state,” he added. “They deserve to be able to afford to live in a decent house. I will launch the largest drive to build homes that you can afford in the history of California.”

He revealed plans targeting the state’s high utility bills with California’s massive energy infrastructure, noting the west coast state has the second highest electricity rates in the United States.

Steyer, a former hedge fund manager and frequent Democratic donor in San Francisco, frequently crusades against big corporate money in politics. He later suspended his 2020 campaign in March after finishing third place in the South Carolina primary election won by Joe Biden.

“If we break up the monopolistic power of utilities, we’re going to unleash a complete wave of innovation and drop our sky-high energy prices,” Steyer continued in the video.

“This is about disrupting the way people think so we can get a completely different and much better outcome,” he said, adding it was “for the people of California.”

If the ads are any indication, Proposition 50 offers Californians a stark choice: “Stick it to Trump” or “throw away the constitution” in a Democratic power grab.

And like so many things in 2025, Trump appears to be the galvanizing issue.

Even by the incendiary campaigns California is used to, Proposition 50 has been notable for its sharp attacks to cut through the dense, esoteric issue of congressional redistricting. It comes down to a basic fact: this is a Democratic-led measure to reconfigure California’s congressional districts to help their party win control of the U.S. House of Representatives in 2026 and stifle President Trump’s attempts to keep Republicans in power through similar means in other states.

Thus far, the anti-Trump message preached by Proposition 50 advocates, led by Gov. Gavin Newsom and other top Democrats, appears to be the most effective.

Supporters of the proposal have vastly outraised their rivals and Proposition 50, one of the most expensive ballot measure campaigns in state history, leads in the polls.

“Whenever you can take an issue and personalize it, you have the advantage. In this case, proponents of 50 can make it all about stopping Donald Trump,” said former legislative leader and state GOP Chair Jim Brulte.

Adding to the drama is the role of two political and cultural icons who have emerged as leaders of each side: former President Obama in favor and former Gov. Arnold Schwarzenegger against, both arguing the very essence of democracy is at stake.

Schwarzenegger and the two main committees opposing Proposition 50 have focused on the ethical and moral imperative of preserving the independent redistricting commission. Californians in 2010 voted to create the panel to draw the state’s congressional district boundaries after every census in an effort to provide fair representation to all state residents.

That’s not a political ideal easily explained in a 30-section television ad, or an Instagram post.

Redistricting is a “complex issue,” Brulte said, but he noted that “the no side has the burden of trying to explain what the initiative really does and the yes side gets to use the crib notes [that] this is about stopping Trump — a much easier path.”

Partisans on both sides of the aisle agree.

“The yes side quickly leveraged anti-Trump messaging and has been closing with direct base appeals to lock in the lead,” said Jamie Fisfis, a political strategist who has worked on many GOP congressional campaigns in California. “The partisanship and high awareness behind the measure meant it was unlikely to sag under the weight of negative advertising like other initiatives often do. It’s been a turnout game.”

Obama, in ads that aired during the World Series and NFL games, warned that “Democracy is on the ballot Nov. 4” as he urged voters to support Proposition 50. Ads for the most well-funded committee opposing the proposition featured Schwarzenegger saying that opposing the ballot measure was critical to ensuring that citizens are not overrun by elected officials.

“The Constitution does not start with ‘We, the politicians.’ It starts with ‘We, the people,’” Schwarzenegger told USC students in mid-September — a speech excerpted in an anti-Proposition 50 ad. “Democracy — we’ve got to protect it, and we’ve got to go and fight for it.”

California’s Democratic-led Legislature voted in August to put the redistricting proposal that would likely boost their ranks in Congress on the November ballot. The measure, pushed by Newsom, was an effort to counter Trump’s efforts to increase the number of GOP members in the House from Texas and other GOP-led states.

The GOP holds a narrow edge in the House, and next year’s election will determine which party controls the body during Trump’s final two years in office — and whether he can further his agenda or is the focus of investigations and possible impeachment.

Noticeably absent for California’s Proposition 50 fight is the person who triggered it — Trump.

The proposition’s opponents’ decision not to highlight Trump is unsurprising given the president’s deep unpopularity among Californians. More than two-thirds of the state’s likely voters did not approve of his handling of the presidency in late October, according to a Public Policy Institute of California poll.

Trump did, however, urge California voter not to cast mail-in ballots or vote early, falsely arguing in a social media post that both voting methods were “dishonest.”

Some California GOP leaders feared that Trump’s pronouncement would suppress the Republican vote.

In recent days, the California Republican Party sent mailers to registered Republicans shaming them for not voting. “Your neighbors are watching,” the mailer says, featuring a picture of a woman peering through binoculars. “Don’t let your neighbors down. They’ll find out!”

Tuesday’s election will cost state taxpayers nearly $300 million. And it’s unclear if the result will make a difference in control of the House because of multiple redistricting efforts in other states.

But some Democrats are torn about the amount of money being spent on an effort that may not alter the partisan makeup of Congress.

Johanna Moska, who worked in the Obama administration, described Proposition 50 as “frustrating.”

“I just wish we were spending money to rectify the state’s problems, if we figured out a way the state could be affordable for people,” she said. “Gavin’s found what’s working for Gavin. And that’s resistance to Trump.”

Newsom’s efforts opposing Trump are viewed as a foundational argument if he runs for president in 2028, which he has acknowledged pondering.

Proposition 50 also became a platform for other politicians potentially eyeing a 2026 run for California governor, Sen. Alex Padilla and billionaires Rick Caruso and Tom Steyer.

The field is in flux, with no clear front-runner.

Padilla being thrown to the ground in Los Angeles as he tried to ask Homeland Security Secretary Kristi Noem about the Trump administration’s immigration policies is prominently featured in television ads promoting Proposition 50. Steyer, a longtime Democratic donor who briefly ran for president in 2020, raised eyebrows by being the only speaker in his second television ad. Caruso, who unsuccessfully ran against Karen Bass in the 2022 Los Angeles mayoral race and is reportedly considering another political campaign, recently sent voters glossy mailers supporting Proposition 50.

Steyer committed $12 million to support Proposition 50. His initial ad, which shows a Trump impersonator growing increasingly irate as news reports showing the ballot measure passing, first aired during “Jimmy Kimmel Live!” Steyer’s second ad fully focused on him, raising speculation about a potential gubernatorial run next year.

Ads opposing the proposition aired less frequently before disappearing from television altogether in recent days.

“The yes side had the advantage of casting the question for voters as a referendum on Trump,” said Rob Stutzman, a GOP strategist who worked for Schwarzenegger but is not involved with any of the Proposition 50 campaigns. “Asking people to rally to the polls to save a government commission — it’s not a rallying call.”