Move over Tom Steyer. There is another narcissist Democrat billionaire who wants to be President.
Billionaire Michael Bloomberg, the former mayor of New York City, said he would join the Democratic presidential race despite facing a tough path to the nomination in a crowded 2020 field.
Mr. Bloomberg’s advisers have been drawing up plans to build his campaign staff, intending to focus on the delegate-rich Super Tuesday states, which vote on March 3.
Many of the Democratic candidates have invested fewer resources in those states than in the first few nominating contests in Iowa, New Hampshire, Nevada and South Carolina.
The primary beneficiaries of Bloomberg’s largess would seem to be advertising executives and political consultants as he plans to spend big.
According to the Wall Street Journal, Bloomberg plans to spend over $100 million on his campaign.
Ahead of his announcement, Mr. Bloomberg said he would spend $100 million on digital ads against Mr. Trump and another $15 million to $20 million on registering new voters.
He had also begun assembling a big staff for his campaign-in-waiting that was working out of the offices of Bloomberg Philanthropies, which oversees the former mayor’s charitable giving, according to a person familiar with the matter.
While the many media stories on Bloomberg’s presidential run mention his wealth, none so far mention gun control. However, Bloomberg himself does list that as one of the issues he will address in his campaign. It is number three on the list on his campaign website.
With all the money that Bloomberg plans to spread around, perhaps the gaggle of corrupt MAIG mayors will seek some of it in return for campaign support. That way then they can stop indulging in public corruption like the former mayor of Baltimore.