January 13, 2020

TAKING "NEVER AGAIN" SERIOUSLY:

Maybe Nominating Bloomberg for President Isn't a Crazy Idea (Jonathan Chait, 1/09/20, New York)

Back to School is a 1987 comedy in which Rodney Dangerfield plays a déclassé millionaire who buys his way into college. A professor objects to admitting a rich guy simply because he donated to the school, to which the dean replies, "I don't think Dr. Barbay understands the actual amounts that are involved here."

You surely realize that Bloomberg is a very wealthy individual with the ability to self-fund, but you may not have focused on the actual amount of money Bloomberg could bring to bear on the campaign. It is beyond any experience in presidential history. In the last presidential election, Donald Trump spent $343 million. Spending by both sides, including outside money, barely exceeded $1 billion. Bloomberg is personally worth $56 billion. If nominated, he could easily part with one-tenth of his fortune and outspend the entire Republican party by five to one.

He needs to spend it to defeat Donald, not just to help himself.

Posted by at January 13, 2020 4:01 PM

  

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