Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dem billionaires Steyer and Bloomberg already have spent a combined $200 million in quest for presidency
American Thinker ^ | 12/26/2019 | Thomas Lifson

Posted on 12/26/2019 4:48:29 AM PST by SeekAndFind

Remember when the Democrats thought “money politics” was a bad thing? That moral certainty started to crumble when Hillary Clinton outspent Donald Trump by a factor of at least 2, and still went down to defeat. And while vilifying Wall Street makes for good progressive virtue-signaling, the Dems are now the party of plutocrats, buying with welfare and money transfers the support of an underclass kept angry and dependent by progressive policies that hamper job-creation and reward idleness and dependency.

President Trump’s tax and regulations cuts have boosted job growth and income at the lower end of the market, imperiling this strategy, but that hasn’t stopped the billionaires lusting for power and still welcome in the party. Maya King of Politico writes:

Together, Tom Steyer and Michael Bloomberg have poured nearly $200 million into television and digital advertising alone, with the former New York mayor spending an unprecedented $120 million in the roughly three weeks since he joined the presidential race. That’s more than double the combined ad spending of every single non-billionaire candidate in the Democratic field this entire year.

“We’ve never seen spending like this in a presidential race,” said Jim McLaughlin, a Republican political strategist who worked as a consultant for Bloomberg’s mayoral bids in New York. “He has a limitless budget.” (snip)

Steyer isn’t spending at the same stratospheric levels as Bloomberg, yet with $83 million in ad buys so far, he’s still far outpacing everyone other than his fellow billionaire. The next highest spender on ads is Pete Buttigieg at $19 million.

Many readers know that political consultants love campaign advertising because they get a percentage of the spend in compensation, often 15%, which really adds up when a budget of $120 million is up for grab. And that’s just for 3 weeks.

(Excerpt) Read more at americanthinker.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: 2020; 2020demprimary; billionaires; bloomberg; steyer
Navigation: use the links below to view more comments.
first 1-2021-27 next last

1 posted on 12/26/2019 4:48:29 AM PST by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind


Less money to do real harm with....
2 posted on 12/26/2019 4:53:49 AM PST by Kozak (DIVERSITY+PROXIMITY=CONFLICT)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I lived in New York city when Bloomturd first ran for Mayor and I remember he made a commercial and put it on VHS tape and made 8 MILLION copies of it and sent it through the mail to every resident in NYC. Just an insane waste of money, so I suspect he’s going to be doing the same today.


3 posted on 12/26/2019 4:57:51 AM PST by GrandJediMasterYoda (Out of the depths of leftist hell, I cry to you oh lord!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kozak

No, the money is received by somebody, and they are happy to have it.


4 posted on 12/26/2019 5:02:07 AM PST by proxy_user
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

Bloomberg and Steyer are training voters to ignore big-money political ads campaigns. In this, they are doing the country a great service.


5 posted on 12/26/2019 5:02:58 AM PST by Haiku Guy (If you have a right / To the service I provide / I must be your slave)
[ Post Reply | Private Reply | To 1 | View Replies]

To: proxy_user; All

Boston TV stations must be doing
well as Steyer and Bloomberg buying
lots of ads in an attempt to
win nearby New Hampshire.Web ads
too.


6 posted on 12/26/2019 5:04:46 AM PST by raccoonradio
[ Post Reply | Private Reply | To 4 | View Replies]

To: proxy_user

LOL. Of course they are. It’s still money down the crapper.


7 posted on 12/26/2019 5:14:03 AM PST by Kozak (DIVERSITY+PROXIMITY=CONFLICT)
[ Post Reply | Private Reply | To 4 | View Replies]

To: SeekAndFind
They need to spend more.....every penny they have.
8 posted on 12/26/2019 5:15:19 AM PST by liberalh8ter (The only difference between flash mob 'urban yutes' and U.S. politicians is the hoodies.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Bloomies version of quantitative easing for msm.


9 posted on 12/26/2019 5:35:05 AM PST by Track9 (When the products of liberalism meet you face to face, it’s best to have a loaded weapon.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

They may have money but they don’t have the brains or the charisma to make it. Just give your cash to charity idiots.


10 posted on 12/26/2019 5:46:22 AM PST by databoss
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

A small contribution to the booming economy.

Advertisers are making $$$ on these bozos, and neither bozo will so much as move the needle.

Good


11 posted on 12/26/2019 5:49:50 AM PST by Peter W. Kessler ("NUTS!!!")
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Trump is helping the economy in so many ways!

Winning!


12 posted on 12/26/2019 5:51:17 AM PST by airborne (I don't always scream at the TV but when I do it's hockey season!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

This is their only purpose - inject money into the Hate Trump propaganda machine. They know they can’t win the nomination.


13 posted on 12/26/2019 5:55:24 AM PST by \/\/ayne (I regret that I have but one subscription cancellation notice to give to my local newspaper.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Yeah, both of them have the charisma of a high school biology teacher. Not the funny lovable one, the one who spoke on monotone and you had to fight to stay awake.


14 posted on 12/26/2019 5:59:03 AM PST by McGavin999 (“Look into it” does not mean dig up dirt, it means find the truth)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

A fool and his money are soon parted.


15 posted on 12/26/2019 6:19:05 AM PST by Vaduz (women and children to be impacIQ of chimpsted the most.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Many readers know that political consultants love campaign advertising because they get a percentage of the spend in compensation, often 15%,

That, if true, is utterly insane. Consultants that get a cut of how much is spent on campaign advertising?

How much more of a conflict of interest can you get?

15% is an insane cut at these numbers.

It is not as though they are raising the money!

16 posted on 12/26/2019 6:22:26 AM PST by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kozak

The JEB! Bush method.


17 posted on 12/26/2019 6:24:08 AM PST by jimfree (My19 y/o granddaughter continues to have more quality exec experience than an 8 year Obama.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: GrandJediMasterYoda

That’s odd. I was still living there in 2001 and I don’t remember that.....nor did I receive one....nor did any of my acquaintances at the time mention receiving one....nor do I remember seeing a pile of VHS tapes at the mail boxes in my apartment house. (they could NOT have fit in the boxes)

Of course he may have thought he had no chance in Crowley’s district in Queens anyway, but....?


18 posted on 12/26/2019 7:04:08 AM PST by Roccus (When you talk to a politician...ANY politician...always say, "Remember Ceausescu")
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind
Besides saving a ton of money each month, after we cut our cable, 3 years ago:

We have the great pleasure of not having to pay any of our money to watch any democrat's commercials on our tv.

19 posted on 12/26/2019 7:11:25 AM PST by Grampa Dave (Lincoln: "The Founders did not make America racist or slaver. They inheritered it, that way!")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Roccus

Oh he definitely did mail them, I lived in Astoria Queens at the time, AOCs district and I remember all my neighbors getting one and I kept it a long time. I wish I saved it because I would imagine it could be worth something and I remember reading he sent one to every resident in NYC. I’m trying to find a story on it on the net.

Here’s one mention by the NY Times I found on Google, although I can’t read the whole article because the NY Times wants money to read it.......

https://www.nytimes.com/2019/12/22/us/politics/Michael-Bloomberg-nyc-mayor-election.html


20 posted on 12/26/2019 7:52:57 AM PST by GrandJediMasterYoda (Out of the depths of leftist hell, I cry to you oh lord!)
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-27 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson