The New York former (Republican) Mayor and owner of his namesake media company spent over $200 million in a aborted late run for the Democratic Presidential nomination….
He COULD spend even MORE millions in a effort to help Joe Biden become the Democratic President next year….
Biden certainly COUlD use the money….
Billionaire and former presidential candidate Mike Bloomberg is plotting a massive spending blitz to back Joe Biden’s quest for the White House.
“As Mike has said, he supports Vice President Biden in defeating Donald Trump. We’re currently looking at how to best support Vice President Biden as well as Democratic victories up and down the ballot in November, just as Mike Bloomberg has done in previous cycles,” a Bloomberg spokesperson told CNBC.
Though it’s unclear how much Bloomberg will eventually spend, some of the people familiar with the matter noted that they anticipate Bloomberg to end up spending in excess of $250 million to support Biden, the apparent Democratic nominee. Any major financial support from Bloomberg backing Biden does not include what he could put toward assisting congressional Democrats. After dropping out of the Democratic primary for president in March, Bloomberg endorsed Biden and later announced his campaign would transfer $18 million to the DNC.
With six months to go until the general election, Bloomberg investing part of his $58 billion net worth would be a critical boost for the former vice president. Biden and other leaders of the Democratic Party have been trying to build a general election juggernaut that would have a chance of overcoming President Donald Trump’s war chest….
The former New York mayor has previously said he would not rule out spending up to $1 billion against Trump, whether he was running for president or not. Trump’s campaign manager, Brad Parscale, has said they plan to spend at least $1 billion defending the president and getting him reelected….