“In three major states with a governor’s mansion up for grabs in 2018, a big-name, politically active billionaire or multimillionaire is taking steps toward a run — donors looking to take matters into their own hands after 2016’s gutting losses,” Politico reports.
“In Florida, it’s John Morgan, a wealthy attorney who has long been one of the Democratic Party’s biggest swing-state fundraisers. In Illinois, it’s J.B. Pritzker, the businessman and philanthropist with a history of pumping cash and Chicago political support toward Hillary Clinton. And in California, it’s Tom Steyer, the hedge fund manager-turned climate activist who used the 2014 and 2016 election cycles to become one of the left’s single biggest donors, to the tune of over $140 million. And more may be on the way.”
“It’s an unexpected development that stands to inject new life into the Democratic Party — but it also exposes the lack of clear pipeline for young, rising Democrats after a series of losses, at a time when they are down to just 18 governors across the country, from 29 just eight years ago.”