The billionaire environmentalist Tom steyer announced on Saturday night that he withdraws his candidacy for president from the United States, shortly after reaching third place in the South Carolina primary.
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“Honestly, I can’t see a path with which I can win the presidency,” Steyer said according to the AP agency.
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It was his best result so far, but insufficient to keep him in the electoral contest.
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Steyer had placed his hopes on South Carolina, a state that the former vice president has won Joe biden convincingly, followed by the Vermont senator Bernie Sanders.
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His wife moved to that state during the election campaign, and Steyer surpassed the advertising spending of his rivals together by allocating $ 24 million of his personal assets – estimated at $ 1.6 billion – to promote his candidacy in that state alone.
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His fortune won him criticism from rivals like Sanders and the senator too Elizabeth Warren, banners of the liberal wing of the Democratic Party who agree to reject the participation of magnates in the primaries.
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Another billionaire who aspires to the White House is the former New York mayor Michael Bloomberg, one of the wealthiest men on the planet.
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Steyer had attributed his presidential candidacy to his conviction that racial injustice is not properly addressed in the United States, and Saturday night he said he will continue to devote himself to that issue.
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Before launching his candidacy, he spent another $ 10 million on television ads promoting a political trial to dismiss the president Donald Trump.
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Steyer unsuccessfully opted for the position of governor of California in 2018 and the Senate in 2016.
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