Bloomberg's big spending struggles to sway election outcomes

WASHINGTON (AP) — Longtime New York Mayor Mike Bloomberg has nothing to display since investing more than US$1.2 billion of his own personal capital on presidential politics this election.

He just won in the territories of the American Samoa in a short-lived Democratic campaign for the White House.

And after offering "whatever it takes," he sent $110 million to Florida, Ohio and Texas to default president Donald Trump, both of which are states that president-elected Joe Biden has lost.

Before shifting to democratic politics Bloomberg, who created the empire of media and financial services, has for a long time used his $55 trillion projected riches to become the sovereign, with no contender and reason for favour.

However, he stayed until September to make a pledge to invest high on unseating Trump after dumping $1.2 billion in his bid.

In Florida, a frontline state that typically has a razor-thin lead, but Trump won 3.4 percentage points this year, his expenditure was extremely disappointing.

This demonstration might pose concerns concerning the potential of Bloomberg to use his considerable financial capital in future to manipulate politics.

Many Democrats are also challenging the mysticism of Bloomberg's electoral activity, which is shrewd, unwilling and data-driven in decision making about how to spend in elections.

"When he placed $100 million in Florida, he created plenty of noise.

Only six weeks after that we saw no income," said Alex Sink, the Florida governor's Democratic candidate for 2010 who endorsed Bloomberg's presidential bid.

"He invested plenty, yes.

Yet as we speak about our voters, it goes back to how.

The airwaves were polluted, and it was too late.

The 2020 campaign has proven that money would not necessarily end in elections.

Strengthening forces such as Jaime Harrison from the Democratic Senate were soundly rejected in South Carolina.

The consultants at Bloomberg claim it is unjust to accuse Biden in Florida for trying to support him.

They remember that none else has contributed almost as much as he has provided to compensate for polling and promotional services.

And not only was Bloomberg a Democrat or party that dedicated money to the administration, but the attention he got was outsize.

"It would be difficult, if it is seriously contention, to take anyone with a straight face who says that Mike Bloomberg was not in Floridas," Kevin Sheekey, one of the top politicians in Bloomberg, said.

"Florida has always been a state we considered hard for a Democrat to win over Donald Trump."

Both Republicans and Democrats claim that Biden's bad results among Latinos have led to his loss of governance in three Democratic counties in South Florida.

Months of threats on Biden and other Democrats by the Republicans, they suspected them of socialism.

The area's broad number of Cuban and Venezuelan voters seems to have resonated.

The Republican strategist, Cam Savage, county consultant for Miami-Dade County Mayor Carlos Giménez, who drove DR Rep. Debbie Mucarsel-Powell in the elections on 3 November advised the Democratic parties to sound the alarm.

"If you are in a cocktail party in New York or Washington D.C. and people talk about what socialism means, it is difficult for them to realize that this is really something other than what people in South Florida have experienced."

According to reports from ad monitoring company Kantar/CMAG, the super-political action committee of Bloomberg, Freedom USA, invested just over 6 million dollars in Texas and just over 4 million dollars in Ohio on Biden advertising in the week leading up to the electoral elections.

Biden lost more than 8 percentage points in Ohio and Trump gained about 6 percentage points in Texas.

In previous election cycles Bloomberg had more success.

He was honoured in 2018 to contribute tens of millions of dollars to support Democrats reclaim the House.

And he was well-meaning in his philanthropic endeavors to address causes such as weapons control and tackle climate change.

In this year, Everytown for Gun Control, one of the organizations he created and supports, pledged $60 million to election support and Bloomberg offered $60 million in help to house race Democrats, and $11,4 million to the House major Democratic super-PAC, House Majority PAC, to the House's elected democrat support.

On Elections Day Democrats sacrificed their positions in the Senate and refused to relocate state chambers.

Nevertheless, occasionally the Bloomberg group was a cause of contention.

Initially Democrat, before his first New York Mayor run, he became a Republican in 2000.

In 2007 he quit the GOP and did not join any of the parties until registering again last year as a Democrat.

For certain leftists, his fortune and years in Wall Street render him the incarnation of the Democrat capitalist strain, which restricts their political aspirations.

Dear brothers and sisters, Bernie Sanders from Vermont and Elizabeth Warren from Massachusetts, regularly denounced his White House campaign for attempting to buy" the race.

Part of the rancor is also the product of his withdrawal from the competition, which he has vowed to hire by November.

And after he first donated $18 million in unused campaign funds to the DNC, several of his party representatives and supporters began to ask whether they would renounce his promise to invest great defeat on Trump during the months that had gone by.

"They must speak with Michael Katz, a radical consultant and former help to former leader of the majority Senate, Harry Reid, D-Nev, until a political elite attempts to condemn the Left for what occurred on election day They should talk to him.

"He disappeared for the majority of the election after vowing to spend whatever it takes.'"

Sheekey, a contractor to Bloomberg, said his Florida job detractors don't see the picture.

Bloomberg also claimed that investing in Bloomberg liberated Democratic organizations from investments elsewhere thus pressuring Trump's cash-strapped campaign to spend even more in Florida.

"At the end of the day a win is a win and Joe Biden will take office in January and Donald Trump will leave,"

"We are feeling pretty well about our decision, the reasons for it and the outcome."