Bloomberg’s Money Machine: 5 Takeaways on His Political Spending
The presidential candidate has donated billions to progressive causes over the years. That has earned him enormous influence with Democrats, even those who take issue with parts of his record....
The New York Times took an exhaustive look at his spending and found that Mr. Bloomberg had given away or spent more than $10 billion on a combination of charitable and political donations. Much of that has gone to important and largely apolitical ends, in fields like public health, but The Times’s examination revealed in new detail how it helped the candidate build an influence network on a scale rarely if ever seen....
His areas of concern are fairly consistent, focusing on gun control, education reform, the environment, the arts and public health, including smoking cessation and soda taxes. ...
He has been endorsed by dozens of Democratic politicians who have benefited from his spending. A number of them are members of Congress, but most are mayors, from cities like Houston, San Francisco, San Jose and Washington.