Steyer rolls out largest TV ad buy of Democratic primary so far: report

Billionaire Tom SteyerTom SteyerOvernight Energy: 'Eye of fire,' Exxon lobbyist's comments fuel renewed attacks on oil industry | Celebrities push Biden to oppose controversial Minnesota pipeline | More than 75 companies ask Congress to pass clean electricity standard Celebrities push Biden to oppose controversial Minnesota pipeline Six things to watch as California heads for recall election MORE is launching an ad buy with the start of his presidential campaign that will reportedly be larger than that any 2020 Democrat has launched so far.

Politico reported Wednesday that Steyer is set to launch a $1.4 million ad campaign including ads that will run nationally on the three cable news networks as well as on local stations in four early primary states.


The ads will begin appearing today and will broadcast through July 23, according to Politico.

"Government by and for all the people, not just the powerful and well-connected," the billionaire activist says in one ad released on YouTube. "That's the American promise, but big special interests and corporations are in control."

"Nothing's happening for real people. Our democracy's been purchased," he continues.

In another ad, Steyer highlights his decision to leave his billion-dollar investment company to focus on activism surrounding President TrumpDonald TrumpFormer New York state Senate candidate charged in riot Trump called acting attorney general almost daily to push election voter fraud claim: report GOP senator clashes with radio caller who wants identity of cop who shot Babbitt MORE's impeachment and the fight against climate change.

“I left my business to combat climate change, fix our democracy, and hold President Trump accountable,” he says.

Steyer announced his bid for the White House on Tuesday, joining a crowded Democratic Party field that the same day saw the departure of Rep. Eric SwalwellEric Michael SwalwellDOJ declines to back Mo Brooks's defense against Swalwell's riot lawsuit Tech executives increased political donations amid lobbying push Justice in legal knot in Mo Brooks, Trump case MORE (D-Calif.).

Steyer immediately faced criticism from progressives such as Sen. Bernie SandersBernie SandersBriahna Joy Gray: White House thinks extending student loan pause is a 'bad look' Lawmakers can't reconcile weakening the SALT cap with progressive goals Human rights can't be a sacrificial lamb for climate action MORE (I-Vt.) and Elizabeth WarrenElizabeth WarrenPelosi disputes Biden's power to forgive student loans Warren hits the airwaves for Newsom ahead of recall election Human rights can't be a sacrificial lamb for climate action MORE (D-Mass.), both of whom questioned why wealthy figures such as Steyer thought they could effectively buy political power in America.

“I like Tom personally, but I do have to say, as somebody who in this campaign has received 2 million contributions, averaging $19 a person, I'm a bit tired of seeing billionaires trying to buy political power,” Sanders told MSNBC.

Warren shared the Vermont senator's sentiments.

“The Democratic primary should not be decided by billionaires, whether they’re funding Super PACs or funding themselves,” Warren added in a tweet. “The strongest Democratic nominee in the general will have a coalition that’s powered by a grassroots movement.”