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Former Washington Journalist
Contributor on The Bipartisan Press
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It turns out that Mike Bloomberg spent $500 million or so on….turns out not so much after all.
Bloomberg’s unique campaign approach of avoiding the early primary states in order to focus on spending hundreds of millions from his personal fortune on advertising to position himself to compete in the Super Tuesday states uniquely failed.
For his “Super-sized” investment, Bloomberg was rewarded Tuesday night with a whopping eight delegates. He didn’t win a single state.
Ever the businessman, seeing his return on investment, Bloomberg woke up Wednesday morning from this mess, promptly withdrew from the race as quickly as he entered and threw his support behind former vice president Joe Biden, who romped on Super Tuesday to a resurgent campaign.
Just days earlier, another Democratic billionaire, Tom Steyer, had pulled the plug on his own foundering campaign.
And just days before that, you had other Democrats complaining and moaning about “billionaires buying elections.”
(Donald Trump claims to be a billionaire, but that’s not why he won his election–and particularly since, unlike Bloomberg, Trump very eagerly accepted campaign financing from donors.)
So outside this potential Trump exception, which I’m not sure even counts as an exception, the lesson we learned Tuesday night is that billionaires may try to buy our elections–but we, the voters, are not buying.
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