Biden advisor points out huge hypocrisy in supporters of Tom Steyer for California governor

A top Biden adviser has torn into hypocritical lefties who are supporting billionaire Tom Steyer for California governor.

Neera Tanden, a former senior adviser to President Joe Biden, reacted to recent endorsements of the hedge fund titan turned climate activist, calling them “so funny.”

“I really like Tom Steyer – I have known him a long time. But I have to say I find it so funny that DSA is endorsing a billionaire who started his career at Goldman Sachs,” Tanden wrote on X.

Neera Tanden is a former senior adviser to President Joe Biden. AP

The comment came days after the Democratic Socialists of America issued an endorsement of Steyer, who is running for California governor as a Democrat.

The nation’s largest socialist organization backed the billionaire investor, who made a fortune in private equity before spending hundreds of millions of dollars on political campaigns — first in his 2020 presidential run and now in his bid for California’s governorship.

In its voter guide, the group acknowledged the tension in supporting him, writing: “Even if he glibly considers himself a ‘class traitor,’ his wealth was earned through the exploitation of the working class.”

It continued: “Much of his wealth was also invested in private prisons and coal mining, accumulated by the same things he now decries.”

Tom Steyer is not a member of the DSA but is endorsed by the group. REUTERS

The guide also noted internal skepticism while still offering conditional support, adding: “However, the most progressive of the current viable candidates for governor is Tom Steyer. Time will tell whether he’s truly a class traitor.”

Steyer is not a member of the DSA.

He built his multibillion-dollar fortune primarily through Farallon Capital Management, a San Francisco-based hedge fund he founded in 1986.

Specializing in risk arbitrage and distressed assets, he grew the firm into a major investment operation managing more than $20 billion before stepping away in 2012 to focus on climate advocacy and politics.

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