I, for one, don’t see a downside to Bloomberg flushing his money down the toilet running for President. I do, however, see a pretty big upside (sorry about the paywall, but the headline pretty much says it all).
I’d say I don’t think Bloomberg has a prayer of taking the Dem nomination, but I would have said the same thing about Trump when he threw-in. Bloomberg has enough money to fund a Presidential campaign to the hilt while still keeping gun control groups at the same lifestyle they have become accustomed to.
I’d say his money is not to be underestimated, but it does look like enough key Dems are worried about this on Twitter. I think it hurt Creepy Joe. Probably helps Liz Warren and Bernie, since they will be the contrast. Bloomberg’s entry tells me that the money is worried about Biden’s ability to close the deal. They are right to be worried.