Bloomberg Is Going To Spend How Much To Try And Beat Trump In 2020?
We know that former New York City mayor, Michael Bloomberg is always a possible name in presidential elections.
There have been at least three occasions where he almost ran but didn't actually do it.
This time he's willing to put up some big bucks in order to ensure President Trump loses in 2020.
According to Politico,
Billionaire philanthropist Michael Bloomberg is preparing to spend at least $500 million from his own pocket to deny President Donald Trump a second term, according to Democratic operatives briefed on his plans.
Bloomberg has not yet announced whether he will run in the Democratic primary. If he runs, he will use that half-billion-dollar stake — roughly $175 million more than the Trump campaign spent over the course of the entire 2016 election cycle — to fuel his campaign through the 2020 primary season, with the expectation that the sum represents a floor, not a ceiling, on his potential spending.
If Bloomberg declines to seek the presidency, his intention is to run an unprecedented data-heavy campaign designed to operate as a shadow political party for the eventual Democratic nominee.
“That’ll get us through the first few months,” Kevin Sheekey, a top adviser to the former New York mayor, told POLITICO when asked about the $500 million plan, which is just 1 percent of Bloomberg’s estimated net worth.
$500 Billion is a lot of money unless you're Bloomberg that is. He wouldn't even notice it was missing.
Vanity Fair also reports on what the possibility of Bloomberg running for office would look like:
As Democratic operatives briefed on Bloomberg’s operation told Politico, the billionaire philanthropist has earmarked said pile of money with two plans in mind. Plan A, obviously, is a presidential run as a Democrat. Plan B is bowing out of the race, but launching a massive parallel, data-driven campaign on behalf of the Democrats. According to internal polls, plan A could still pan out. “When people learn about his involvement in climate-change activism and gun safety, and when they learn that he’s not just a billionaire—but he came from a middle-class background and his dad never earned more than $6,000 a year, and you talk about the work he’s done on the ground and his philanthropy—Dem primary voters view him favorably,” said one Democrat familiar with the polling, adding that 80 percent of Democratic primary voters respond positively to Bloomberg’s biography.
President Trump already has an estimated $130 Million in his arsenal ready for the upcoming election. I'm sure that number will only increase and the time grows closer.
In my opinion, Bloomberg stands no real chance of winning for a couple of reasons.
First, he's way too wishy-washy on the political spectrum. Is he going to run as a Democrat, Republican, or an Independent?
When he won the election for New York City mayor, he won as a Republican. Then he turned into an Independent only to finally end up joining the Democratic Party last year.
The second reason he's going to have a problem is that he's just another billionaire who thinks he can buy his way to the presidency. He would be the third billionaire to be seeking the office in 2020. The other two being President Trump and Howard Schultz.