Bloomberg and His Billions Just Won’t Go Away

Bloomberg and His Billions Just Won’t Go Away

There once was a time when the far left pretended that it was deeply offended by money being involved in politics. They still spent millions to win elections, with Democrat presidential candidates regularly outspending their Republican opponents. The last time a Republican candidate for President outspent his rival was in 2000. But failed presidential candidate Michael Bloomberg is putting the final nail in the coffin of the lie that Democrats are opposed to money in politics. Bloomberg is worth billions, and we now know he will throw good money after bad in order to be perceived as a major Democrat player. Although he was successful when he spent record amounts of money to buy three terms as New York City mayor —the third term requiring a brief suspension of NYC’s term limits—and he has claimed he “bought” Democrats a majority in Congress in 2018, his financial acumen doesn’t appear to work well on the national stage. When he decided the Democrat nomination for president should be for sale, he burned through more than a billion dollars in roughly three months in one of the worst political campaigns in history. At least he seems to have a solid fan base in American Samoa to show for his efforts. Since abandoning his attempt to be the head of the Democratic Party through election, he has now apparently committed himself to something more aligned with his business background—a leveraged buyout of the party. After he quit, he funneled $18 million of his […]

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