Michael Bloomberg’s expensive 2020 gamble

 

Former NYC Mayor Michael Bloomberg has officially entered the 2020 presidential race, further saturating the Democratic field. As the 8th wealthiest American, Bloomberg's candidacy could answer the question, how important is money in a campaign? #CNN #News #Cillizza

SOURCES AND FURTHER READING:
The Forbes 400: The Definitive Ranking Of The Wealthiest Americans
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Bloomberg Spent $102 Million to Win 3rd Term
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Bloomberg’s huge donation helps his gun safety group raise record revenue in 2018
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Mike Bloomberg becomes a $57 million ad-buying machine after first week of his 2020 campaign
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Bloomberg places at least $37 million in television advertising over next two weeks
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Writer: Chris Cillizza
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46 Comments on "Michael Bloomberg’s expensive 2020 gamble"

  1. Hey, Chris here — should there be a cutoff for candidate entry?

  2. Michael No Wealth Tax Bloomberg.. i wonder who is he going to defend…. one percent or the rest…hmm…

    • The peeps up in/HUDSON YARDS 🤗🤗🤗

    • Lol why do you want a wealth tax? We don’t want the government steeling people’s money

    • Shifty McGee462 | December 5, 2019 at 7:25 PM | Reply

      @evdawgbeat billionaires can settle for a smaller yacht. We’re running deficits to pay for their tax cuts. I’d rather have taxes cut on working families making less than a million. That’s more than fair.

  3. Mister Sarajevo | December 5, 2019 at 11:25 AM | Reply

    I would try with all my might to keep my anonymity if I was worth over $50 billion.

  4. Marilyn Pizziferri | December 5, 2019 at 11:30 AM | Reply

    I am so sick of bloomburgs ads on you tube stating he comes from middle-class roots that I would vote for snoopy before considering mike Bloomberg.we don’t need a billionaire we need a statesman, a Bernie Sanders who really cares about us.

    • @Ryback Smith You are promoting that mindset of 1933-1945? Are you a racist somehow lost in the 21st century or some type of live that evolution hasn’t got completely over it yet?

    • @Reinhard um excuse me……..how bout you read book about the enemy of mankind……….try “discovering judaism”.

    • @Ryback Smith You Nazis are mentally deranged dotards full of sh’*:t.

    • @Reinhard “You are promoting that mindset of 1933-1945?”

      Today it is taught in the schools that “Anti-Semitism” began in Germany in the 1930s after which they were deported. What is not studied is the fact that at one time or other the Jews have been expelled from every nation in Europe!

    • @Reinhard Everytime a Jew throws out that word Nazi, what he is doing is perpetuating the scene that those who speak out and stand up in opposition of the New World Order are really enemys of mankind that their the new Nazis……………these are people to be shunned, to be silenced, to be jailed…..

  5. is this another dude thats trying to tell me that $$$ is the true ruler of the land?

    • Ryan Sproviero | December 5, 2019 at 1:05 PM | Reply

      @Eric Larsen He won because people can’t recognize a snake oil salesman unless it’s a telemarketer with a pause at the beginning of the call.

      Trump is corrupt and anyone that can’t see that is blinded by the conservative crumbs he’s throwing you to make you content.

    • @Ryan Sproviero Well said.

    • Ryan Sproviero No, Trump won because the people did recognize the snake oil salesman of the globalist left.
      You people were expecting to win and you didn’t. You put all your eggs in one basket and you people were sloppy. There’s no outcome where are you (the lying, globalist left) come out on top.
      Welcome to a new era that will not stop – a new era of freedom and a rebirth of the American constitutional republic

    • The reason why Bloomberg is in the race is to defeat Donald Trump. He is a business men and made the statement that he wants to defeat Trump because he sees this person as a threat to the Republic.

    • @Eric Larsen calm down qanon, you’re clearly off your fucking rocker

  6. Saṃsāra's Light | December 5, 2019 at 11:36 AM | Reply

    “for some reason”
    Lmao, yeah what a riddle.

  7. Friendly Phone user | December 5, 2019 at 11:54 AM | Reply

    This a good sign people. The plutocracy is starting to realize that 💰 can’t buy you the presidency. At least in this election.

  8. Friendly Phone user | December 5, 2019 at 11:55 AM | Reply

    I’m glad he is going to burn through his money. He’d rather burn it than pay his taxes! 😈 Surprising? Not really.

    • That would be Donald Trump.

    • @Pamela I m Why do you believe it can’t be both?
      Or, even every millionaire and billionaire in the the country?
      You do realize that most of the Democrat candidates are filthy rich, right?
      And that they came in to their vast fortunes while working in public office?
      Hell, Sanders has never held a job outside of government, was kicked out of a hippie commune for being lazy and not pulling his weight and is now worth millions.
      So, while he preaches to us the virtues of a socialist society and how the rich need to give more, he takes every available tax break he can to try to retain as much money as he can.
      Why does he need three million dollar homes?
      Wouldn’t one modest home be sufficient for a man and his wife who have children?
      But yeah, orange man bad, right?

    • exactly, any billionaire is making calculated decisions… like i’m sure bloomberg did the math on a sanders or warren future for him and made a decision for himself, now he’ll spin it a bit to try to get votes.

      but who really supports bloomberg? i’ve seen some multi-millionaire talking heads prop him up, i’ve never seen a normal person talk about bloomberg, hell a normal person outside of NYC probably doesn’t really know who the guy is or what he supports.

      at the end of the day, this former republican is worried about his own pile of money… he could give away 50 billion and still be a billionaire, think about that for a minute. he could put 50 billion to use, for the good of the country and planet, but his ego is so large that he needs a bunch of zero’s in his networth to matter.

  9. Lol it’s really not a gamble for him, hes spending a fraction of his fortune so it dosnt really make a difference for him

  10. It’s his $; he can piss it away however he wants. At least sign-makers, bus drivers and others will make some $ off this.

    • unlike the trump campaign, it would be nice to see a candidate pay their bills..

    • socal rocks – Trump pays his bills. The difference you’re trying to grasp is that people actually WANT to contribute toward Trump. Bloomberg? Not so much.

  11. elvisstopper 420 | December 5, 2019 at 1:20 PM | Reply

    Tell me why someone needs 50 billion dollars?I can’t believe he would not be greedy.I don’t think he cares much about anything other than his pocketbook.

  12. Seeing that the billionaire Tom Steyer is qualified for the December Debate while candidates like Tulsi Gabbard, Andrew Yang & Cory Booker are not shows that money definitely makes a difference

  13. For Bloomberg, there are 3 key elements for everything: Money, Money, and Money. If Dem wins, he may have to pay more tax, and if Trump wins, his business with China may not last long. Either way there could be problems with getting more money. Buying the election can avoid both problems and elevate the money making machine to a new level.

  14. onefatstratcat | December 5, 2019 at 3:04 PM | Reply

    Well at least he’s putting some of his cash back into the economy

  15. You missed an opportunity to make fun of his awkward ad that begins with “9/11” in big letters overlayed atop a picture of Ground Zero. The ad then shifts to talk about how he’s a job creator. It’s super tone deaf and the wildest political ad I’ve ever seen. Youtube has shown me it 30 times in the last week

  16. Let me stop you right there: Bloomberg running IS crazy, not interesting

  17. Boyd Gilbreath | December 5, 2019 at 4:05 PM | Reply

    Two questions answered: Is there a problem with income inequality in the USA? And what can you do when you have more money than you know what to do with?

  18. there is no such thing as expensive when the fed makes more for you everyday

  19. Steve Lamberts | December 5, 2019 at 7:00 PM | Reply

    I avoid all ads wherever possible, so I would have to rely on facts and data. Oh dear.

  20. Chris: “For some reason”
    The reason is clear.. even if he spends 1B USD on campaign he still going to lose about 4B on a WARRENSANDERS wealth tax..
    The math is simple. It is simply pays off better to campaign.
    I would argue he should buy and shut down Fox Propaganda channel though,instead of wasing averyone’s time.

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