Bloomberg’s big bet on the power of money
By the numbers: In just over a month, Bloomberg spent more than the top 2020 contenders spent for the whole final quarter of 2019 combined, according to Federal Election Commission data. He also outspent the entire RNC and DNC.
Between the lines: The Republican National Committee can’t match Bloomberg’s spending either, but they’ve out-raised the DNC by more than two to one for eight months in a row.
The big picture: Bloomberg’s campaign has repeatedly said its will spend “whatever it takes” to defeat President Trump. There’s nothing stopping Bloomberg from topping $2 billion.
- With 2,100 paid staff, Bloomberg has three times as many as Trump, five times as many as Joe Biden and more than twice as many as Elizabeth Warren, according to data the campaigns provided to Axios.
- He pays his staff more than any other 2020 Democrat’s campaign and offers housing if they have to move to New York City, according to a campaign official.