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robertpaulsen

(8,632 posts)
Tue Jul 28, 2020, 02:55 PM Jul 2020

Mike Bloomberg Promised to Spend Big Against Trump. What Happened?

Mike Bloomberg Promised to Spend Big Against Trump. What Happened?
By Bobby Cuza New York City
PUBLISHED 7:00 PM ET Jul. 27, 2020

When former Mayor Michael Bloomberg dropped out of the presidential race in March, he was expected to continue pouring huge sums of money into the effort to defeat President Trump.

Almost five months later, he's done little to support Joe Biden.

What You Need To Know

After leaving the presidential race, Bloomberg dropped plans to create his own Super PAC and instead transferred $18 million to the DNC

Bloomberg has not otherwise spent any money to support Biden, after spending more than $1 billion on his own campaign

Bloomberg has focused his attention on COVID-19, with Bloomberg Philanthropies spending $331 million on efforts to combat the virus

Bloomberg could still launch a pro-Biden advertising blitz in the fall, but hasn’t discussed it publicly


About two weeks after his concession speech, Bloomberg abruptly dropped plans to create his own Super PAC and laid off hundreds of staffers who’d been promised jobs through November. Several of them filed lawsuits.

Instead, Bloomberg donated $18 million and office space to the Democratic National Committee. He’s also given more than $11 million to the House Majority PAC in support of House Democrats. And his gun reform group, Everytown for Gun Safety, announced last week it was spending $15 million in eight key states, but mostly on legislative races.

more...

https://www.ny1.com/nyc/all-boroughs/politics/2020/07/25/mike-bloomberg-promised-to-spend-big-against-trump--what-happened-


I think it's a fair question, considering I've seen many more anti-Trump ads (and even pro-Biden ads) from Republican groups like the Lincoln Project and RVAT than Michael Bloomberg. Anyone here know anything more than this article?
16 replies = new reply since forum marked as read
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Mike Bloomberg Promised to Spend Big Against Trump. What Happened? (Original Post) robertpaulsen Jul 2020 OP
Wait, that article is not accurate. See here: Mike 03 Jul 2020 #1
I'm guessing that because they kicked his ass so badly.... BlueTsunami2018 Jul 2020 #2
I was definitely worried about that at the time ... mr_lebowski Jul 2020 #3
Here's an article from June regarding Bloomberg's planned activity in NC. Hoyt Jul 2020 #4
This is way too early Awsi Dooger Jul 2020 #5
He promised to spend a billion dollars sarisataka Jul 2020 #6
He'll be spending plenty to fight proliferation of gunz in this country. I applaud him. Hoyt Jul 2020 #9
Maybe, his monetary support sarisataka Jul 2020 #10
Message auto-removed Name removed Jul 2020 #7
Late cycle and targeted states would be perfect Awsi Dooger Jul 2020 #8
Message auto-removed Name removed Jul 2020 #12
I keep seeing this accusation repeated on DU with remarkable consistency. It is false. beastie boy Jul 2020 #11
All great points Awsi Dooger Jul 2020 #14
never a big fan stopdiggin Jul 2020 #13
He is a good businessman la-trucker Jul 2020 #15
he is certainly spending more $$ on elections than am I lol nt msongs Jul 2020 #16

Mike 03

(16,616 posts)
1. Wait, that article is not accurate. See here:
Tue Jul 28, 2020, 02:58 PM
Jul 2020
https://www.democraticunderground.com/100213794525

Also, Bloomberg's ad and data analytics firm HAWKFISH is now working for both the DNC and a Dem PAC called American Bridge.

BlueTsunami2018

(3,503 posts)
2. I'm guessing that because they kicked his ass so badly....
Tue Jul 28, 2020, 02:58 PM
Jul 2020

That he took his toys and went home. He took a serious beating in those debates.

 

mr_lebowski

(33,643 posts)
3. I was definitely worried about that at the time ...
Tue Jul 28, 2020, 03:02 PM
Jul 2020

I'm still hoping I'm wrong.

I'd love to see him do something to pay off the Florida felons legal bills so they can vote. Wouldn't cost him squat compared to what he's worth.

 

Hoyt

(54,770 posts)
4. Here's an article from June regarding Bloomberg's planned activity in NC.
Tue Jul 28, 2020, 03:08 PM
Jul 2020
Bloomberg-funded gun-control group to launch ad blitz against Trump, Republicans in N.C.

"A deep-pocketed group co-founded by former New York City Mayor Michael Bloomberg is planning a major ad blitz against GOP candidates running in North Carolina this year, arguing that they are unfit for office because they oppose increasing restrictions on access to firearms.

"The effort from Everytown for Gun Safety, dubbed “Gun Sense Majority: North Carolina,” will involve at least $5 million in ad spending opposing Republicans up and down the ballot, ranging from President Donald Trump to state legislators. The investment represents a significant bet that voters in the state are still motivated by issues of gun violence, even amid a lethal pandemic and the largest civil-rights movement in 50 years.

"Advisers to the group say they’re paying extra attention to North Carolina, which is not only a key presidential battleground state but is also hosting a marquee race between GOP Sen. Thom Tillis and Democrat Cal Cunningham that many operatives believe could decide which party controls the U.S. Senate. “North Carolina could decide the presidency and the balance of the Senate, and it’s why we’re going to go all in with our most significant investment and effort ever,” said Charlie Kelly, a senior adviser for Everytown for Gun Safety.

"Everytown for Gun Safety was co-founded by Bloomberg as a political counterbalance to the National Rifle Association, the nation’s most prominent gun-rights group. The former mayor and multi-billionaire — who unsuccessfully sought the Democratic presidential nomination earlier this year — continues to be a major source of its fundraising, though the group does draw donations from other contributors. . . . . . .

https://www.newsobserver.com/news/politics-government/election/article243731847.html


I appreciate any help he offers.
 

Awsi Dooger

(14,565 posts)
5. This is way too early
Tue Jul 28, 2020, 03:10 PM
Jul 2020

The bus tape was early October and that turned out to be too early. We can talk all we want about absentee voting and early voting but bottom line most people wait until the final days.

I don't think $331 million to fight coronavirus is too bad. When Bloomberg made the initial pledge he had no way of knowing that another vital cause would show up

sarisataka

(18,779 posts)
6. He promised to spend a billion dollars
Tue Jul 28, 2020, 03:11 PM
Jul 2020

By some strange accounting coincidence his campaign cost a billion dollars.

Promise kept

I never put a drop of faith in Mr Stopandfrisk, and assume he his working his own priorities. So far I have been neither disappointed nor surprised.

sarisataka

(18,779 posts)
10. Maybe, his monetary support
Tue Jul 28, 2020, 03:27 PM
Jul 2020

Waxes and wanes at times.

Doesn't matter to me, that isn't an issue that influences which Democrats I vote for.

Response to robertpaulsen (Original post)

 

Awsi Dooger

(14,565 posts)
8. Late cycle and targeted states would be perfect
Tue Jul 28, 2020, 03:21 PM
Jul 2020

Right now the commercials would blend into semi-irrelevancy. We'd got to get close to the first debate, since any shift is likely to come at that stage. If Trump tries to get boisterous and rebound then hammer him down just prior to the debate, and afterward to mitigate any bounce.

Also welcome to Democratic Underground

Response to Awsi Dooger (Reply #8)

beastie boy

(9,461 posts)
11. I keep seeing this accusation repeated on DU with remarkable consistency. It is false.
Tue Jul 28, 2020, 03:41 PM
Jul 2020

And it doesn't get any less false with each repetition.

First, Bloomberg pledged his support to the Democratic NOMINEE, whoever that may be. We do not have a nominee yet, and we will not have one until the end of the Democratic convention. So it is way too early to pass judgement on Bloomberg.

Second, he IS pouring huge sums of money into the effort to defeat Trump, only he doesn't crow about it. No need for me to repeat the instances of Bloomberg's input that have already been posted on DU, including this thread.

Third, Bloomberg's money doesn't come free of baggage. I am sure Biden doesn't want to spend too much time and effort defending himself against accusations of being in Bloomberg's pocket. So the longer Bloomberg and his money remain in the background, the better it is for Biden's campaign. Besides, why spend any money at all at the time when Trump is being so successful at hanging himself, all by himself?

If Bloomberg were smart, and he is, he would save his resources for the last minute decisive coup de grace, making sure Trump will not recover from it. And if Biden were smart, and he is, he would want Bloomberg to do exactly that.

 

Awsi Dooger

(14,565 posts)
14. All great points
Tue Jul 28, 2020, 04:24 PM
Jul 2020

I understand the impatience but maximum impact is late. Bloomberg's spots are fantastically crafted. They are going to stand out as superior to Lincoln Project or anything else.

The Comey letter was devastating because it happened at exactly the worst possible time, particularly with so many undecideds. If the timing of the bus tape and Comey letter had been reversed, Hillary would be president.

stopdiggin

(11,377 posts)
13. never a big fan
Tue Jul 28, 2020, 03:53 PM
Jul 2020

of Mr. Bloomberg -- and always thought the idea that what was really needed to right the ship of state was another billionaire plutocrat -- either hysterically funny, or crushingly sad, take your pick. But -- even coming from those fairly low expectations, I find the article a bit petty and small minded. When did we start deciding how much everybody else ought to be digging out of their pockets? Mr. Bloomberg has apparently not completely turned his back on the cause -- and given that, I think the where, how and when of his efforts are kind of up to him.

(I'm sure there will be plenty that disagree, but ...)
----- -----

 

la-trucker

(283 posts)
15. He is a good businessman
Tue Jul 28, 2020, 04:28 PM
Jul 2020

He can keep his powder dry and jump in if needed. At the moment, Biden is doing well without the money and Trump is getting pummeled by republican groups.

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