Category Archives: Mike Bloomberg

Billionaire’s Don’t Buy Elections Like They Used To

billionaires, elections, tom steyer, campaign spending
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Billionaire’s don’t buy elections like they used to. If they ever did. Former hedge fund tycoon Tom Steyer dropped out of the Democratic primary after blowing $150 billion. And didn’t he have a single delegate to show for it.

Billionaire Loser’s Category

But Steyer couldn’t even remain a winner in the loser’s category for long. Mayor Mike soon ended his campaign after spending over half a billion to win four delegates from American Samoa.

In the days before campaign finance reform fat cats spent their money on real politicians, instead of themselves. That’s how Gene McCarthy derailed Lyndon Johnson’s re-election in 1968. Fifty donors funded a third of McCarthy’s campaign. They’d go to jail for that today.