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$15 million to $20 million
“As he moves toward a presidential announcement, New York billionaire Michael Bloomberg is rolling out plans to spend an estimated $15 million to $20 million on a voter registration drive designed to weaken President Trump’s reelection chances in five battleground states,” the AP reports.
“Bloomberg’s surprise late entry into the 2020 race is a familiar story: The candidate who casts himself in the role of The Savior Who Is Waiting in the Wings is a quadrennial feature of presidential campaigns. For decades, Democrats and Republicans alike have persisted in looking beyond the field of those desperate few who have spent months, if not years, racking up frequent flier miles; eating indigestible food; begging for money; and crowding into coffee shops, union halls and living rooms trying to build a constituency. Right around this time of the cycle, these voters and pundits and party operatives reliably hit the panic button, certain that somewhere above the fray stands a candidate free of the now-obvious flaws that burden the rest of the field. … There’s one pesky fact about these late-entry candidacies: They never succeed. Only once have they even materially affected the outcome of a fight for the nomination.”
$500 million
Michael Bloomberg “will donate $500 million to a new campaign to close every coal-fired power plant in the United States and halt the growth of natural gas,” the New York Times reports. “The new campaign, called Beyond Carbon, is designed to help eliminate coal by focusing on state and local governments. The effort will bypass Washington, where Mr. Bloomberg has said national action appears unlikely because of a divided Congress and a president who denies the established science of climate change.”
$500 million
“Michael Bloomberg is preparing to spend at least $500 million from his own pocket to deny President Trump a second term, according to Democratic operatives briefed on his plans,” Politico reports.“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.”
“My objection to Donald Trump is the way he’s filling his current role, in terms of representing the country, in terms of representing the public. There’s an attitude, and a style, and lack of civility that I think is bad for the country, and I find offensive.”
— Michael Bloomberg, quoted by the Washington Post.
“The presidency is not an entry-level job… And the longer we have a pretend CEO who is recklessly running this country, the worse it’s going to be for our economy and for our security. This is really dangerous.”
— Michael Bloomberg, quoted by the HuffPost.
$10 million
Billionaire and former New York City Mayor Michael Bloomberg is giving an additional $10 million to support Democratic candidates in the midterm elections, bringing his total spending in the midterms to $110 million, CBS News reports. Bloomberg donated the money to his super PAC, Independence USA.
“At key points in U.S. history, one of the two parties has served as a bulwark against those who threaten our Constitution. Two years ago at the Democratic Convention, I warned of those threats. Today, I have re-registered as a Democrat – I had been a member for most of my life – because we need Democrats to provide the checks and balance our nation so badly needs.”
— Michael Bloomberg announcing on Instagram that he re-registered to vote as a Democrat.
$20 million
Michael Bloomberg “will give $20 million to the main Democratic Senate super PAC this week — jolting the national battle for control of the chamber just five weeks away from the midterm elections,” the Washington Post reports.
$5 million
“Everytown for Gun Safety, the group founded by former New York City Mayor Michael Bloomberg, is rolling out a $5 million digital ad campaign targeting 15 House races, as the group continues heavy investment in the midterm elections,” Politico reports.
