Full Breakdown
Stephen Cloobeck Exits California Governor Race, Endorses Eric Swalwell
11/28/2025, 2:30:07 AM
Cloobeck's Withdrawal and Endorsement
Stephen Cloobeck, a Democratic businessman and former CEO of Diamond Resorts, has officially withdrawn from the race for California governor and endorsed Rep. Eric Swalwell. Cloobeck announced his decision on November 24, 2025, during an appearance on CNN, stating, “I only ran for Governor because I believed none of the other candidates were capable of doing the job.” He expressed confidence in Swalwell, describing him as “the most qualified person in the state” and emphasizing his integrity and leadership qualities. Cloobeck, who had invested over $13 million in his campaign but struggled to gain traction in polls, indicated that he would now financially support Swalwell's campaign.
The Context of the Governor's Race
The race for California's governorship is particularly competitive as it opens up due to term-limited Gov. Gavin Newsom's departure in early 2027. The field includes several prominent candidates, such as former U.S. Rep. Katie Porter, former Health Secretary Xavier Becerra, and billionaire environmentalist Tom Steyer. The primary election is scheduled for June 2, 2026, and candidates are already strategizing to stand out in a crowded Democratic field, where Democrats outnumber registered Republicans nearly 2-to-1.
Eric Swalwell's Campaign Focus
Swalwell, who launched his campaign just days before Cloobeck's endorsement, has positioned himself as a “fighter and protector” for California. He aims to address pressing issues such as high housing costs and economic inequality, stating, “People are scared and prices are high.” Swalwell's campaign emphasizes the need for a proactive approach to governance, focusing on affordability and public safety. He has also highlighted his experience in local government, where he successfully advocated for affordable housing.
Criticism and Opposition
Despite the enthusiasm surrounding Swalwell's campaign, challenges remain. Critics have pointed out that the crowded Democratic field could dilute votes, potentially allowing a Republican candidate to advance to the general election. Republican candidates, such as Riverside County Sheriff Chad Bianco and conservative commentator Steve Hilton, are also vying for attention in a state that has not elected a Republican to statewide office in nearly two decades.
Official Statements & Responses
Cloobeck remarked on Swalwell's capabilities, saying, “Eric is going to make an incredible Governor. Families will be better off with him in charge.” Swalwell responded to Cloobeck's endorsement by acknowledging the importance of addressing California's affordability crisis and expressed gratitude for Cloobeck's support, stating, “I’m fortunate to have him in my corner.”
What's Next
As the primary approaches, candidates will intensify their campaigns, focusing on key issues that resonate with voters. The dynamics of the race may shift further as additional candidates consider entering the fray, and the strategies employed by each candidate will be crucial in determining who advances to the general election. The outcome of this race is expected to have significant implications for California's political landscape and governance in the years to come.
