Billionaire Tom Steyer is officially out of the 2026 California gubernatorial race.

Steyer lost to both fellow Democrat and former United States Secretary of Health and Human Services Xavier Becerra and a Republican, former Fox News host Steve Hilton. While Becerra was able to advance to the runoff relatively quickly after Election Night, Steyer and Hilton continued to face off against each other until Tuesday night.

Working against Steyer was the fact that he would have needed roughly one-third of the remaining roughly 1.3 million votes, including from populous counties like Fresno and Riverside that are not home to large numbers of the high-income progressives who were more likely to back Steyer.

“Tom Steyer ran for governor of California as a climate crusader endorsed by Bernie Sanders’ political organization, Our Revolution,” wrote MS NOW’s Armand Manoukian on Thursday. “He also spent at least $216 million of his own money on the race — and in the end, that was the only thing voters seemed to remember. With nearly 58 percent of the vote counted, he is running third.”

“The timing is unkind to the ultrawealthy,” Manoukian added. “In a March YouGov survey, 77 percent of adults said the wealthy have too much political power, and 52 percent said the government should try to reduce the share of wealth held by billionaires. More than half of adults told a May Politico poll that cost of living is the ‘worst they can remember.’ Against that backdrop, self-funding candidates — once a recruiter’s dream — have become a harder sell.”

Speaking to this journalist for Salon in 2020, Steyer argued that his political philosophy is based on the idea of regulating the free market to protect the environment and workers’ rights.

“People always want to say ‘free market,’” Steyer told Salon at the time. “I mean, those were the words you used, ‘free market economic structures.’ There are no free markets! Every market has rules. And so do we need to change the rules in the market? Heck yes! The whole idea of a free market, like God came down and in the state of nature created a free market? There’s no such thing. And just think about the labor market: Once upon a time, I could have hired a 12-year-old kid for 25 cents a day and worked him for 14 hours a day. Can’t do it now.”

He added, “You know why? Because they changed the rules. Because all markets are driven by rules. I will say this: unchecked capitalism in this respect has failed and will fail. The way that we’re going has failed and will fail.”

The post Billionaire title becomes an anchor in California governor’s race appeared first on MASSIVE News.

For free and unbiased Medicare help, dial 948-228-0980 to speak with Chapter, or go to https://askchapter.org/keith

Keith Edwards reacts to Massachusetts Representative Jake Auchincloss publicly trying to sabotage Maine Senate frontrunner Graham Platner on CNN, breaking down how Bernie Sanders and Platner completely packed a massive stadium in Portland despite the establishment’s desperate panic.

Listen to the show on Spotify: https://open.spotify.com/show/1chmgsT4aUJPmFlyGXIDGN
Become a Member: https://www.youtube.com/@keithedwards/join
Subscribe to my Substack: http://keithedwards.substack.com
Help Save Democracy, Buy a Hat: https://keithsdebateclub.com/products/democracy-hat

Call me and ask a question or leave a comment: ‪(202) 810-4379‬

Follow me on Facebook: https://www.facebook.com/thekeithedwardsshow/
Follow me on Instagram: https://www.instagram.com/keithedwards/
Follow me on TikTok: https://www.tiktok.com/@keithedwards
Follow me on X: http://twitter.com/keithedwards
Follow me on Threads: https://www.threads.net/@keithedwards
Follow me on BlueSky: https://bsky.app/profile/keithedwards.bsky.social

The post Trump just got the worst news of his life.. IN MAINE?! appeared first on MASSIVE News.

College was supposed to be a ticket to a better life. A degree meant a good job, a decent salary, and a brighter future. That promise is breaking down. For many graduates, a college degree no longer guarantees economic security or upward mobility.

Subscribe to our channel! http://goo.gl/0bsAjO

In today’s episode, guest host Miles Bryan talks with reporter and author Noam Scheiber about his new book, Mutiny: The Rise and Revolt of the College-Educated Working Class, which argues that the economic prospects for college graduates have steadily eroded since the mid-2000s. The result is scrambling our politics. Miles and Noam discuss why college graduates are increasingly drawn to socialist politicians like Bernie Sanders and Zohran Mamdani, why they’ve become some of the strongest supporters of organized labor, and how economic frustration among educated workers could transform the American political landscape.
Host: Miles Bryan, Vox reporter and senior producer
Guest: Noam Scheiber, New York Times reporter and author of Mutiny: The Rise and Revolt of the College-Educated Working Class

00:00 Intro
01:36 What are college graduates revolting against?
07:53 Teddy: college grad to labor organizer
13:20 What happened to Apple ‘creatives?’
19:52 Baristas to doctors: everyone thinks they’re a ‘worker’
24:45 Why educated workers are moving left
32:14 Will AI replace white-collar workers?
43:07 Are we headed for a new era of labor unrest?

We would love to hear from you. To tell us what you thought of this episode, email us at thegrayarea@vox.com or leave us a voicemail at 1-800-214-5749. Your comments and questions help us make a better show.

And you can watch new episodes of The Gray Area on YouTube.
Listen to The Gray Area ad-free by becoming a Vox Member: vox.com/members

Vox.com is a news website that helps you cut through the noise and understand what’s really driving the events in the headlines. Check out http://www.vox.com.

Watch our full video catalog: http://goo.gl/IZONyE
Follow Vox on Facebook: http://goo.gl/U2g06o
Or Twitter: http://goo.gl/XFrZ5H

The post The college dream is falling apart | The Gray Area appeared first on MASSIVE News.