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Bloomberg Plans to Spend $500 Million to Help a Democrat Defeat Trump. It Sure Seems Like He Wants to Be That Democrat.

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14.02.2019

Michael Bloomberg spent big—like $100 million big—to help Democrats in the midterms. He’s now telegraphed his intention to go even bigger to help them retake the White House in 2020. Politico reported Wednesday that the former New York City mayor is ready to devote “at least” a half-billion dollars of his own money to help defeat Donald Trump. The $500 million question is whether Bloomberg fancies himself the man for that job.

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 is a staggering amount of money. While Bloomberg isn’t pledging to........

© Slate