Michael Bloomberg Will Spend $80 Million on the Midterms. His Goal: Flip the House

New York Slimes ^ | June 20, 2018 | Alexander Burns

[Olog-hai]

Michael R. Bloomberg, the billionaire former mayor of New York City, has decided to throw his political clout and personal fortune behind the Democratic campaign to take control of the House of Representatives this year, directing aides to spend tens of millions of dollars in an effort to expel Republicans from power.

Mr. Bloomberg — a political independent who has championed left-of-center policies on gun control, immigration and the environment — has approved a plan to pour at least $80 million into the 2018 election, with the bulk of that money going to support Democratic congressional candidates, advisers to Mr. Bloomberg said.

By siding so emphatically with one party, Mr. Bloomberg has the potential to upend the financial dynamics of the midterm campaign, which have appeared to favor Republicans up to this point. Facing intense opposition to President Trump and conservative policies, Republicans have been counting on a strong economy and heavily funded outside groups to give them a political advantage in key races, especially in affluent suburbs where it is expensive to run television ads.

Mr. Bloomberg’s intervention is likely to undermine that financial advantage by bankrolling advertising on television, online and in the mail for Democratic candidates in a dozen or more congressional districts, chiefly in moderate suburban areas where Mr. Trump is unpopular. Democrats need to gain 23 congressional seats to win a majority. …

[buckalfa]

"You and I are limited to $2,700 a candidate, Blommy gets to spend $80,000,000. Citizen United was the worst mistake the Supremes ever made."

Agree with you on Citizens United. The SC gave those with wealth greater first amendment rights than you or I.

Still Bloomberg may be wasting his money as the GOPe wing of the Uniparty are working diligently to lose control of Congress in the midterms.

[dsc]

I want that money. How can I get it?

[Hebrews 11:6]

Bloomberg actually thinks he can buy his way into heaven with his political spending. Saw an interview of him last year (60 Minutes) in which he claimed exactly that; he was so proud of the $5 billion he had spent on anti-tobacco efforts.

[mewzilla]

Talk about pouring money down a ‘Rat hole..

[bravo whiskey]

He threw $1M to the little Hogglike, anti 2A, pro teacher mafia little wanker POS Johnston running for governor in commierado.

[backwoods-engineer]

It’s a pretty good investment for him. He knows he can buy Congressional seats— he’s done it before. Couldn’t buy the Presidency (Hillary), but as a businessman (an evil one, sure, but a successful one) he knows you win some, you lose some. He’s in it for the long haul. And in the Blue states, he’ll win.

[butlerweave]

so the Dems will have $80 million to work with ,LOL

[TalBlack]

Anyone know the mechanics of how guys like Bloomberg free up these millions in order to spend them. Does he have 80 mill lyin around?

[VTenigma]

So let me see if I have this right. D’nesh Desuza spends $28,000 on an election and ends up a convicted felon and get 8 months in jail. Michael Bloomberg spends $80,000,000 and that’s just hunky dory. OK, got it.

[ridesthemiles]

An $80 million boost to the economy.

Bloomberg isn’t very smart after all.