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Politics Michael Bloomberg Is Open to Spending $1 Billion to Defeat Trump

01:00  12 january  2020
01:00  12 january  2020 Source:   nytimes.com

Bloomberg says the economy is the way he will take on Trump—and his future VP pick will be responsible for education

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SAN MARCOS, Texas — Michael R. Bloomberg on Saturday did not rule out spending a billion dollars of his own money on the 2020 presidential race, even if he does not win the If Mr. Bloomberg fails to win the nomination, future spending would be redirected toward attacking Mr. Trump .

Michael R. Bloomberg is planning to skip the traditional early-voting states like Perhaps to blunt that criticism, Mr. Bloomberg ’s announcement video and opening advertisement included a call “ Mike is going to spend whatever is necessary to defeat Donald Trump , because he believes the stakes

SAN MARCOS, Texas — Michael R. Bloomberg on Saturday did not rule out spending a billion dollars of his own money on the 2020 presidential race, even if he does not win the Democratic nomination, and said he would mobilize his well-financed political operation to help Bernie Sanders or Elizabeth Warren win in November if either is the party nominee, despite their sharp policy differences.

Michael Bloomberg standing on a stage: Michael Bloomberg speaking at a campaign event in Chicago on Wednesday.© Joshua Lott for The New York Times Michael Bloomberg speaking at a campaign event in Chicago on Wednesday.

Mr. Bloomberg’s plans would effectively create a shadow campaign operation for the general election, complete with hundreds of organizers in key battleground states and a robust digital operation, ready to be inherited by the party nominee — regardless of who that nominee may be.

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Hundreds of Michael Bloomberg supporters in New York cheered on the former mayor's vast wealth during a He said Saturday in Texas that he was open to spending $ 1 billion of his own money on the 2020 race even if he was not the nominee, to help defeat Trump , The New York Times reported.

Mike Bloomberg told me : " I ’m spending my billions of dollars to defeat Donald Trump . So if you don’t want Donald Trump to be President for the next four

Already, Mr. Bloomberg has spent more than $200 million on advertising, putting him on pace to spend by early March about the same as what President Barack Obama’s campaign spent on advertising over the course of the entire 2012 general election. If Mr. Bloomberg fails to win the nomination, future spending would be redirected toward attacking Mr. Trump.

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“It depends whether the candidate needs help; if they’re doing very well, they need less. If they’re not, they’ll need more,” he said in an interview after a lunch stop at a barbecue restaurant during a campaign swing through Texas.

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Michael Bloomberg has allocated 0 million to deny President Trump a second term in 2020, either by running himself or by providing funding and data to the eventual Democratic nominee, according to Politico.Should Bloomberg decide to run — a decision he plans to make in the coming weeks — he

“ Michael Bloomberg is preparing to spend at least 0 million from his own pocket to deny President Trump a second term, according If he runs, he will use that half- billion -dollar stake — roughly 5 million more than the Trump campaign spent over the course of the entire 2016 election cycle — to

While he did not rule out dropping a billion dollars on his effort, the former mayor of New York City blanched slightly at the size of the number, before mentioning the $2.8 billion he spent on charitable contributions last year, with the bulk going to his alma mater, Johns Hopkins University.

“You know how much money a billion dollars is?” said Mr. Bloomberg. “It’s a lot of money to me. It’s a lot of money to anybody.”

No firm decisions have been made about how his operation might transition to a general election, or what form it would take, but aides say hundreds of field organizers have been offered jobs through the general election. In Texas, where Mr. Bloomberg spent Saturday campaigning, he plans to open 17 offices and keep the “major ones” operational through the general election, he said. In 2018, Mr. Bloomberg spent more than $110 million to elect Democratic House members through his Super PAC, a vehicle that could be transitioned to assist with a general election effort.

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Michael Bloomberg ’s presidential campaign first seemed totally unlikely, but there is a decent You surely realize that Bloomberg is a very wealthy individual with the ability to self-fund It is beyond any experience in presidential history. In the last presidential election, Donald Trump spent 3 million.

President Donald Trump has been raising ungodly amounts of money for his reelection campaign, but billionaire Michael Bloomberg is vowing to Whereas the president’s campaign is seeking to raise $ 1 billion before the election, Bloomberg ’s net worth is pegged somewhere around 55 times that .

His extraordinary wealth, estimated at more than $50 billion, has drawn a series of attacks from the liberal candidates in the field, who argue he is essentially trying to purchase the party nomination. Some of their aides also fear that Mr. Bloomberg could turn his massive machine against them in the primary, leveraging his spending to block them from capturing the nomination.

Mr. Bloomberg said he would mobilize his operation behind any of the Democratic candidates, even Ms. Warren, the Massachusetts senator, or Mr. Sanders, the Vermont senator. Mr. Bloomberg said he did not plan on running negative ads against any Democratic candidate, even those he strongly disagreed with.

“I really don’t agree with them,” he said, of Mr. Sanders and Ms. Warren, “but I’d still support them, yes, because compared to Donald Trump that’s easy.”

While most of the candidates are spending the bulk of their time in the first four primary states, Mr. Bloomberg is orienting his operation toward the Super Tuesday primaries in states like Texas on March 3, when about 40 percent of all the delegates are at stake.

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Former New York Mayor Michael Bloomberg will “absolutely” defeat President Donald Trump in the 2020 election, says major Democratic donor and Bloomberg confidante Steven Rattner. Bloomberg has not made up his mind about a presidential run

Mr Bloomberg is one of 14 candidates vying to be the Democratic standard-bearer. He has unleashed an onslaught of campaign spending since jumping into Announcing his candidacy, the businessman said he was standing to " defeat Donald Trump ". Mr Trump taunted "little Michael ", saying his fellow

With recent polling showing four candidates — Mr. Sanders, Ms. Warren, former Vice President Joseph R. Biden Jr. and former Mayor Pete Buttigieg of South Bend, Ind. — all in a position to win both Iowa and New Hampshire, Mr. Bloomberg could play an influential role in the primary process, once the race moves past the early contests. His aides have indicated that Mr. Bloomberg is not inclined to keep pouring money into an extended contest with Mr. Biden and would instead reorient his campaign into an organization dedicated to battering Mr. Trump, should the former vice president emerge as the leader in the race.

His spending, entirely self-funded, has meant that though Mr. Bloomberg meets the polling requirement for the party debates, he does not meet the donor qualifications for participating.

As he campaigned across Texas, Mr. Bloomberg cast that decision as a campaign strength, illustrating his independence from financial interests.

Yet he also criticized the party’s process, echoing concerns leveled by other candidates who say the rules set by the Democratic National Committee are excluding qualified contenders. Mr. Bloomberg will not appear on the debate stage on Tuesday, when the candidates meet in Des Moines for their final face-off before the Iowa caucuses.

“I think Cory Booker’s got a good complaint. If I wanted to complain, I could make a good case that it wasn’t fair,” he said. “In the meantime, while they’re debating, I’m out visiting a whole lot of people. I’m not wasting the time.”

Billionaire Bloomberg is granted financial disclosure delay .
Billionaire Michael Bloomberg won't have to publicly disclose his finances until late March, well after voters in more than a dozen states take to the polls on Super Tuesday. © Provided by Associated Press Democratic presidential candidate Michael Bloomberg speaks to supporters Wednesday, Jan. 15, 2020, in New York. (AP Photo/Frank Franklin II) Presidential candidates are required to reveal their investments, businesses and streams of income. Bloomberg, the former New York City mayor, is the only Democrat seeking the White House who has yet to file paperwork to publicly disclose his.

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