Michael Bloomberg Isn’t Really Running For President, And That Should Worry You
FTA:
As early as February 2019, the billionaire pledged he’d spend at least $500 million to defeat the president as either a candidate or as what Politico called “a shadow political party for the Democratic nominee.” That massive spend, the report continued, represents “just 1 percent of Bloomberg’s estimated net worth.”
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So why declare? Simply put, the billionaire mayor gets a lot more for his money as a candidate than he ever could as a donor or even as the operator of a super PAC.
First, there are limits to what a donor can give a campaign, and $2 billion is way out of the question. Even so, Bloomberg could poor billions into an organization to sway elections, as Charles Koch and George Soros seek to do. Then, there’s something campaigns have that no PAC has — and that’s access to the best rates the market has to offer.
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None of it changes that Bloomberg is skirting the campaign finance laws designed to keep the American republic answerable to her citizens — that, and he isn’t really running for president.
Unless the candidate is the Hildebeest... ;)