Remember how Senate Majority Leader Harry Reid has constantly criticized and attacked the Koch brothers for using their own money to help conservative Republican politics? Ethics charges were filed against Reid for his actions and statements concerning the Koch brothers.
Obviously in Reid’s mind, it’s not okay for conservative brothers to use their own money to support Republican politics, but it is okay for a liberal Democrat to use taxpayer money to support Democratic politics. I’m speaking of billionaire radical environmentalist Tom Steyer.
Steyer has vowed to use up to $100 million of his own money to support Democrats in seven states who agree with his radical cap and trade agenda and the cessation in the use of fossil fuels. A CNN report back in May stated:
“An environmental advocacy group backed by hedge fund tycoon Tom Steyer is set to unleash a seven-state, $100 million offensive against Republican ‘science deniers’ this year, a no-holds-barred campaign-style push from the green billionaire that could help decide which party controls the Senate and key statehouses come November.”
“The Steyer-backed outside group, NextGen Climate, has billed itself as a progressive, pro-environment counterbalance to the wealthy oil and gas industry — as well as the primary foil to the pro-business Koch brothers and their well-funded conservative donor network.”
“It wasn’t lost on reporters that the NextGen map featured multiple states that figure prominently in presidential races — Iowa, New Hampshire and Florida among them. Lehane said that was by design. ‘Almost all of these states align with being really important presidential states either in the primary process or the general election,’ he said, promising that Steyer will be active throughout the 2016 campaign.”
“When the 2016 presidential primary campaigns lurch into overdrive next year, NextGen will continue to call attention to turnout-driving local issues — and on attacking Republican candidates. Steyer has already funded an ad in Florida attacking Sen. Marco Rubio, one of many possible GOP White House aspirants, as a tool of oil lobbyists. ‘We look forward to a conversation with the Rubios of the world,’ Lehane said of the group’s 2016 plans, without revealing specifics.”
Steyer reportedly made his fortune with his start-up in 1986 of the Farallon Capital hedge fund. Last year he sold his part of Farallon so that he could devote his time and fortune to Democratic politics. He stated in a couple of interviews:
“I think I’m going to be focused on how to, is there a way to move the needle in some way having to do with thought or policy, and I don’t know what shape that’s going to take.”
“What we are doing is we are trying to stand up for ideas and principles that we think are incredibly important but have nothing to do with our income or assets.”
But is it really Steyer’s money that he’s using to push his extremely liberal agenda and support of Democrats?
Steyer has been a supporter and financial donor to the political career of Nancy Pelosi. In return, Pelosi has used her position as a leader of House Democrats to send federal funds Steyer’s way. One such project was the Central Subway Project to connect Mission Bay with downtown San Francisco. With Pelosi’s help, Steyer received $942.2 million in federal funding. This is not the only Steyer project that Pelosi has helped with federal funding, aka our tax dollars. The total is estimated to be over $1 billion of tax payer money that has gone to Steyer and his projects.
So when Steyer generously plans to spend up to $100 million to help the campaigns of other liberal Democrats, we have to ask whose money is it anyway? Is Steyer really using his own personal money like the Koch brothers or is he using tax payer money that Pelosi sent his way?