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Billionaire Democrat presidential candidate Mike Bloomberg says that he is “spending all my money to get rid of Trump.”
While the latter part of that sentence probably won’t succeed, he’s doing a mighty fine job at that first part!
The latecomer to the Democrat race has already tossed out a whopping $200 million in political ad spending, despite only being in the running for 2 months and sitting behind Biden, Bernie, Warren, and Buttigieg in the polls.
And he’s not done yet!
Bloomberg plans to spend much more on advertising, including $10 million on just his Superbowl ad.
Axios gave an overview of Bloomberg's spending:
Former New York City Mayor Michael Bloomberg shot back at criticisms that he's running a self-aggrandizing campaign for the Democratic nomination, telling Reuters in an interview: "Number one priority is to get rid of Donald Trump. I’m spending all my money to get rid of Trump."
Why it matters: The campaign finance debate has taken on new significance in 2020, creating a clear divide within the Democratic Party. Progressive candidates like Sens. Bernie Sanders and Elizabeth Warren have turned away big-dollar donations in favor of grassroots fundraising, rebuking moderates like Pete Buttigieg and Joe Biden for soliciting donations from the wealthy.
- But Bloomberg, rated by Forbes as the eighth richest person in America, argues that ignoring the obvious benefits of his wealth would hurt the ultimate cause that every Democrat is fighting for — stopping Trump from being re-elected.
- Bloomberg has also said that he would pay campaign staff to support the Democratic nominee, even if it is not him.
Reuters also said:
U.S. presidential candidate Michael Bloomberg told Reuters he is ready to spend much of his vast fortune to oust Republican President Donald Trump from the White House in 2020, rejecting criticism from rivals for the Democratic nomination that the billionaire is trying to buy the U.S. election.
Ranked by Forbes as the eighth-richest American, Bloomberg has flooded U.S. airwaves and social media feeds with messages that he stands the best chance to beat Trump, spending more on campaign ads since he launched his campaign in November than his main Democratic rivals have over the last year.
“Number one priority is to get rid of Donald Trump. I’m spending all my money to get rid of Trump,” Bloomberg told Reuters aboard his campaign bus on Saturday, during a nearly 300-mile (483-km) drive across Texas, one of the 14 states that will vote on Super Tuesday on March 3.
“Do you want me to spend more or less? End of story.”
U.S. Senator Elizabeth Warren, one of the leading Democratic presidential contenders who has vowed to get money out of politics, blasted Bloomberg when he launched his campaign with a $37-million (£28.33 million) TV advertising blitz, accusing the former New York City mayor of trying to buy American democracy.
“These are just political things they say, hoping they catch on and they don’t like me doing it, because it competes with them, not because it’s bad policy,” Bloomberg said.
After entering the race late and missing the first six Democratic debates, Bloomberg generally sits fifth in national public opinion polls behind Joe Biden, Bernie Sanders, Warren and Pete Buttigieg.