Billions Of, By And For Bloomberg

by Paul Jacob, Contributing Author: Might Gotham’s gun-and-Big-Gulp-grabber-in-chief catapult to Commander in Chief?

Michael Bloomberg, the former New York City mayor, “is actively preparing to enter the Democratic presidential primary,” writes Alexander Burns in The New York Times.

Bloomberg’s estimated $53 billion could financially pummel even Democratic candidate Tom Steyer, working with a mere $1.6 billion.

“More billionaires seeking more political power surely isn’t the change America needs,” chimed in Faiz Shakir, presidential campaign manager for Vermont socialist and Senator Bernard Sanders.

Billionaires are the really evil ones.

Millionaires? Not so bad anymore.

In 2016, Bernie badmouthed both “millionaires and billionaires” . . . until found to be a millionaire himself — worth $2.5 million to be specific.

Massachusetts Senator Elizabeth Warren, Mr. Sanders’ rail-against-the-rich presidential rival, offered Mayor Bloomberg her “Calculator for Billionaires” — showing how much those sorts of people would have to pay per her Wealth Tax.

No mention of what her own family, worth $12 million would pay.

Bloomberg’s entrance into the race is expected to hurt former Vice-President and multimillionaire Joe Biden the most, both appealing to the more “moderate” wing of the Democratic Party.

Still, Bloomberg is no Democrat messiah, however. He’s not particularly popular. In fact, Bloomberg’s last political campaign for a third term as New York mayor ten years ago was “the most expensive campaign in municipal history.” After double-crossing voters on term limits by supporting a council change allowing him (and them) a third term, Bloomberg had to spend a whopping $183 per vote to win an “unexpectedly close race.”

To garner as many votes for president as Hillary Clinton’s 2016 effort, at that same cost, adds up to $12 billion!

Bloomberg’s good news? He has it.

Bloomberg’s bad news? Hillary lost.

This is Common Sense. I’m Paul Jacob.
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Paul Jacob (@Common_Sense_PJ ) is author of Common Sense which provides daily commentary about the issues impacting America and about the citizens who are doing something about them. He is also President of the Liberty Initiative Fund (LIFe) as well as Citizens in Charge Foundation. Jacob is a contributing author on the ARRA News Service.

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Tags: Paul Jacob, Common Sense, Billions, Of By and For, Bloomberg
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