Politics

BOMBSHELL: California Billionaire ABANDONS Democrats After Swalwell Sex Scandal, Switches to 'Libertarian-Republican'

Gary FranchiApril 14, 2026164 views
BOMBSHELL: California Billionaire ABANDONS Democrats After Swalwell Sex Scandal, Switches to 'Libertarian-Republican'
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In a stunning blow to the crumbling California Democrat machine, billionaire Stephen Cloobeck has officially abandoned his lifelong Democrat allegiance, switching to "Libertarian-Republican" after withdrawing support from disgraced Rep. Eric Swalwell's now-defunct gubernatorial campaign.

Cloobeck's party switch comes as Swalwell's political career lies in ruins following explosive sexual misconduct allegations from multiple women that forced the embattled congressman to not only suspend his governor's race but announce his resignation from Congress entirely.

"I am no longer a Democrat," Cloobeck declared, delivering yet another devastating blow to a party that's hemorrhaging support from Americans sick of their radical agenda and endless scandals.

The Swalwell Scandal That Broke the Camel's Back

For patriots who've been paying attention, Swalwell's downfall was inevitable. This is the same guy who was literally compromised by a Chinese spy named Fang Fang, yet Democrats kept him on the Intelligence Committee! Now we're supposed to be surprised that his judgment with women is as terrible as his judgment with national security?

But here's what's really significant: Cloobeck isn't just some random donor. He's a major Democrat power player with deep pockets who helped fund the party's operations for years. When billionaire backers start jumping ship, you know the Democrat brand is absolutely toxic.

"The Democrat Party has lost its way, embracing policies that hurt everyday Americans while protecting corrupt politicians like Swalwell," a source close to Cloobeck reportedly said.

This defection represents something much bigger than one man's party switch. It's a clear signal that even wealthy California liberals are waking up to what the rest of us have known for years: the Democrat Party has been hijacked by radicals who care more about power than the American people.

With Trump's second term agenda steamrolling through Washington and stories like this breaking weekly, how many more high-profile Democrats will abandon the sinking ship before it completely goes under?

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Gary Franchi

Award-winning journalist covering breaking news, politics & culture for Next News Network.

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F
FreeMarketFanVerifiedApr 14, 2026
Smart move going libertarian-republican. Lower taxes, less regulation, and actual accountability. That's what successful business people understand.
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CaliforniaExileVerifiedApr 15, 2026
I left California 3 years ago because of the insane policies there. Glad to see some wealthy folks are finally waking up to what the Dems have done to that state!
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TexasProudVerifiedApr 15, 2026
Welcome to reality! We've been watching California's decline for years.
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TaxpayerFirstVerifiedApr 15, 2026
About time! How many more scandals do people need to see before they realize the Democrat party has lost its way?
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PatriotMom2024VerifiedApr 15, 2026
FINALLY! Someone with sense who can see through the Democrats' corruption. The Swalwell scandal was the last straw for a lot of people.
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ConservativeVoterVerifiedApr 16, 2026
Exactly! How they just swept that whole Chinese spy thing under the rug is beyond me.
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RedWave2024VerifiedApr 15, 2026
This is HUGE! When California billionaires start jumping ship, you know the Democrat party is in serious trouble.
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BusinessOwner47VerifiedApr 16, 2026
As someone who runs a small business, I totally get why he switched. The regulatory nightmare and tax burden under Democrat leadership is killing entrepreneurship.