Legal Commentary

What did Michael Bloomberg get for his money? He spent more than $1 billion running as a candidate, completely and embarrassing failed, and then spent over $100 million on Biden...

... in Florida and $15 million in Ohio, and Texas ? and Biden lost in all of those states, Business Insider reports. 

What an astounding record of fruitless political spending! I was going to say, this record will last for ages, but then I realized... no. It will be smashed within the next 10 years. Don't you see why?

Bloomberg is super-rich with $55 billion, but that only puts him at #14 on the Forbes' list of richest people in America.  Jeff Bezos ? #1 ? has more than 3 times that much money. Why wouldn't he spend $3 billion or more if he ran for President... or just wanted to back one party's candidates? 

And since Trump won the presidency in his first run for office, spending his own money, why wouldn't other businessfolk think they have a shot? Just because Bloomberg failed so so badly? Some will resist the lure, but not all. Somebody's going to have the vanity and extra money to think they can be the next Trump and they're not going to be the next Bloomberg. In any case, Bloomberg was not a newcomer to politics. He'd been the NYC mayor for 12 years. He wasn't just parachuting in with his business expertise and money. He was more grounded in political reality. These other billionaires don't have that limitation. They can think, If Trump could do it....

Full post as published by Althouse on November 05, 2020 (boomark / email).