SaveSave story

Tom Steyer: Pelosi "crumbs" line a mistake

Steyer: Photo: Slaven Vlasic/Getty Images for SiriusXM

Billionaire and Democratic activist Tom Steyer has nothing but nice things to say about Nancy Pelosi — but he thinks she should stop using her "crumbs" line to talk about the GOP tax plan.

"Words really matter," he told Axios at the California Democratic Party convention. "I think she probably wouldn't use that word again because they're trying to use it against her. Nancy was making a point that was true, but she said it in a way that disparaged the amount of money that they were getting."

Steyer said he understands what Pelosi was trying to say — that the vast majority of Americans are getting a disproportionate amount compared to the wealthiest — but he said she should stop using "crumbs" because Republicans will continue to "turn it around to make it look like she's insensitive."

He wouldn't say if Democrats need new leadership. "I'm sure Nancy will kill herself to win on Nov. 6," he said. "I have a ton of gratitude for what she's done and the job she's done."

  • But he thinks the Democratic Party needs to figure out what it stands for and what it's willing to fight for.
  • His speech at the California Democratic Party convention will highlight that message. The Trump administration is "so damn dumb," he said, and Democrats have to ask: "What are they not doing that we want them to do?"

One quick thing, on Republicans dusting off their old playbook and using attack ads against Pelosi as a 2018 campaign strategy: "I don't think there's any doubt that Nancy is a flash for the hard-right," he said. "They've managed to turn her into a caricature of what they fear."

Go deeper: Prominent Democrats want Pelosi to stop using her "crumbs" line.

Mike Allen 2 hours ago
SaveSave story

How Trump created a new era of high risk

Illustration: Lazaro Gamio / Axios

On Jan. 26, just over a year into his presidency, President Trump had a president's dream: peace and prosperity. The Dow Jones industrial average, S&P 500 and Nasdaq all hit record highs.

Where it stands: Since then, Trump has injected multiple new risks into the system.

Kim Hart 5 hours ago
SaveSave story

Tech's terrible week

A sad computer
Illustration: Lazaro Gamio/Axios

From a fatal car crash to a data nightmare, turning-point scenarios played out in several corners of the technology industry this week.

Why it matters: The utopian promise of technological progress is giving way to the very thorny challenges of balancing innovation with social accountability. That means congressional hearings, investigations, probably at least some regulation — and a lot more skepticism about the promise of the tech-driven changes that are transforming our lives.