Politics

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

Gary FranchiApril 14, 2026238 views
BOMBSHELL: California Billionaire ABANDONS Democrats, Switches to 'Libertarian-Republican' After Swalwell Sex Scandal
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Another major Democrat donor has had enough. California billionaire Stephen Cloobeck is officially walking away from the Democrat Party, switching his registration to "Libertarian-Republican" after the spectacular downfall of Rep. Eric Swalwell (D-CA), whose political career came crashing down amid explosive sexual misconduct allegations.

Cloobeck, a prominent hospitality industry mogul who previously backed Swalwell's now-defunct gubernatorial campaign, publicly declared he's "no longer a Democrat" following the congressman's disgraceful exit from both the governor's race and Congress itself.

This isn't just another party switch – it's a damning indictment of what the Democrat Party has become under radical leftist leadership. When even your biggest donors are fleeing because they can't stomach the corruption and scandal, you know the party is in free fall.

The Swalwell Scandal That Broke the Camel's Back

Swalwell's political career imploded faster than a controlled demolition when multiple women came forward with sexual misconduct allegations. The same congressman who spent years grandstanding about "accountability" and lecturing Americans about morality was forced to suspend his gubernatorial campaign and announce his resignation from Congress.

Remember, this is the same Eric Swalwell who had a cozy relationship with Chinese spy Fang Fang and somehow kept his seat on the House Intelligence Committee. The same Swalwell who pushed the Russia collusion hoax and impeachment theater. Now he's slinking away in disgrace, leaving his donors like Cloobeck to pick up the pieces.

"I can no longer support a party that continues to protect and elevate individuals like this," Cloobeck said, reflecting the sentiment of countless Americans who are sick of Democrat hypocrisy.

This exodus isn't happening in a vacuum. Across the country, traditional Democrats are abandoning ship as the party lurches further left into woke extremism, economic disaster, and moral bankruptcy. From working-class families to billionaire donors, Americans are rejecting the radical agenda that's destroying our communities.

President Trump's America First movement continues to attract former Democrats who still believe in common sense, law and order, and putting Americans first. How many more prominent Democrats will it take jumping ship before party leaders admit their radical agenda is a complete failure?

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Gary Franchi

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

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BusinessFirst2024VerifiedApr 14, 2026
Smart move financially too. California's tax policies are driving away job creators left and right. I've seen three companies in my industry relocate to Texas just this year because of the regulatory nightmare.
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SiliconValleyRealistVerifiedApr 14, 2026
The exodus is real. Even my liberal friends are starting to question the direction this state is heading.
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TexasProudVerifiedApr 15, 2026
Welcome to the club! We've got plenty of room for businesses that actually want to succeed.
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PatriotMike47VerifiedApr 15, 2026
Finally someone with actual principles! The Swalwell scandal was the last straw for a lot of reasonable Democrats who still have a functioning moral compass.
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ConservativeNancyVerifiedApr 15, 2026
Exactly! It's amazing how long it took the mainstream media to even acknowledge that security breach.
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RedWaveRiderVerifiedApr 15, 2026
Does anyone know if this billionaire plans to fund Republican candidates in 2024? We need more big donors who aren't afraid to stand up to the woke mob.