Bloomberg was one of 2020's biggest losers
Never in the field of political conflict has so much been spent by one man to gain so little in return. Democratic oligarch Michael Bloomberg poured more than a billion dollars into the 2020 election and accomplished next to nothing.
Most of that money funded losing campaigns as well as pro-Biden advertising in states won by Donald Trump. Even if Joe Biden ends up winning, Bloomberg has made a strong case for himself as the election's biggest loser.
After spending more than $1 billion on his failed primary campaign, Bloomberg threw his support behind Joe Biden. He targeted three states Trump won in 2016—Florida, Ohio, and Texas—spending $115 million in an effort to boost Biden's chances of turning them blue.
It didn't work. Trump won all three states by several percentage points and expanded his 2016 margin in Florida, which is where Bloomberg spent the most money, including $36 million in the final two months of the campaign. In a move that might have even cost the Democrats votes, he spent more than $16 million in the state to register convicted felons to vote by paying off their fines and court fees. Perhaps they weren't as receptive to Bloomberg's radical anti-gun messaging as he assumed.
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Bloomberg made his fortune selling financial information on a proprietary system that financial companies used for making marketing decisions and sales purposes. He wasted around $2 billion on pushing his Trump hatred agenda.
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