Billionaire Activist Tom Steyer Is Unapologetic About His Ambitions to Impeach Trump
*By Christian Smith*
Billionaire activist Tom Steyer is not apologizing for his campaign to impeach Donald Trump.
In an interview with Cheddar Monday, he dismissed criticism from certain Democrats that focusing on impeachment will energize the Republican base.
"Standing up for the Constitution and the American people" should be more important than campaign tactics, he said.
But Steyer is focused on both the immediate and the political long term.
If Democrats don't take back the House of Representatives next month, "this year is a failure," he said.
Otherwise, Steyer said, the thousands of hours and millions of dollars pumped into this election cycle will have been for nothing.
"We've just got to say that and own it," he said of acknowledging the urgency of the midterms for Democrats.
According to an August report, Steyer has poured more than $120 million into this election cycle primarily through his two political groups ー the "NextGen America" super PAC and the "Need to Impeach" campaign.
Steyer's game plan is to mobilize the millions of millennials who don't normally vote in an attempt to undermine President Trump, whom Steyer calls a "corrupt, lawless, and dangerous president."
NextGen America has spent millions of dollars engaging young voters in key battleground states like Florida. Millennials traditionally haven't shown up to vote in the same numbers as other generations, but Steyer isn't fazed.
"I am confident," Steyer said when asked whether he thought millennials would turn up at the polls.
To some, Steyer's well-oiled political machine might resemble the early outline of a possible 2020 campaign.
But the former hedge fund manager reiterated that his focus rests solely on the midterms ー at least for now.
"We are nose down through Nov. 6, 2018," Steyer said.
"I think anyone who is thinking about themselves instead of doing what's right and doing the work over the next two weeks, or over the past two months, really is missing the point."
For full interview [click here](https://cheddar.com/videos/how-billionaire-tom-steyer-plans-to-mobilize-his-political-machine).
Sam Stovall, Chief Investment Strategist at CFRA Research, joins Cheddar News' Closing Bell where he dives into the factors contributing to Monday's market plunge and what could be in store when February's CPI data comes out on Tuesday.
Derek Shearer, former U.S. Ambassador to Finland and contributing writer for Washington Monthly, joins Cheddar News to discuss the latest developments in the Russia-Ukraine conflict.
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Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil.
Jay Hatfield, Chief Investment Officer at ICAP, believes a lot of the bad news regarding the fighting in Ukraine and Fed is already priced into the market and looming uncertainty factored into Friday's movement. However, he also believes the upcoming Fed decision will be good news for Wall Street.
News of Russian forces taking control of a Ukrainian after artillery bombardment of a nuclear power plant raised concerns this week. Nuclear policy expert and Quincy Institute Distinguished Fellow Joe Cirincione joined Cheddar News to discuss the implications for a potential disaster. “I’m with the director general of the IAEA, the International Atomic Energy Agency. He says that he is extremely concerned, and that this Russian attack is a severe risk and that Russia clearly violated the fundamental principle of preserving the integrity of nuclear power plants," Cirincione said.
Amid Russia's attack on Ukraine, major businesses from BP to Big Tech like Apple have been pausing their business dealings with the invading nation. Brian Walker, chief strategy officer at commerce software company Bloomreach, joined Cheddar News to discuss how some companies are showing support for Ukraine and what this could mean for consumers. "Whether it be impacts on energy or operational costs, shipping and logistics, or frankly impacts on the financial services industry, these will have long term implications on retail prices," he said.
