Bloomberg Spent $1.2 Billion, And All He Got Was Delegates From American Samoa

The sto­ry of for­mer New York City May­or Michael Bloomberg is one of a whole lot of mon­ey spent on bro­ken promis­es, no results, and a bad rep­u­ta­tion. Bloomberg’s late entry into the crowd­ed Demo­c­ra­t­ic Par­ty pres­i­den­tial pri­ma­ry last fall was marked with the intrigue of a well-financed and well-known can­di­date deploy­ing a unique strat­e­gy in an unusu­al race.

One of the rich­est men in the world, who built a finan­cial empire com­plete with a mas­sive media con­glom­er­ate reach­ing his name to the far cor­ners of the Earth, Bloomberg served three terms as New York City may­or before jump­ing into pres­i­den­tial pol­i­tics personally.

The Man­hat­tan busi­ness mogul dove both feet in as a rel­a­tive­ly fresh face whose polit­i­cal rep­u­ta­tion beyond the Big Apple could best-described as “The Big Gulp” guy for his ban on large sodas. With a net worth of about $53 bil­lion at the time he launched his cam­paign and com­ing from the same back­ground as the incum­bent pres­i­dent, Bloomberg was in posi­tion to brand him­self as rich­er than Don­ald Trump, smarter than Don­ald Trump, more expe­ri­enced than Don­ald Trump, and more suc­cess­ful than Don­ald Trump, while claim­ing to be a mod­er­ate voice in a pri­ma­ry push­ing the par­ty left at break­neck speed.



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