After months of speculation, former New York City Mayor Michael Bloomberg formally announced a high-profile, big-money campaign to become the Democratic Presidential nominee on November 24. The 77-year-old former Republican has decided that he is the perfect candidate to prevent the president from achieving a second term. Bloomberg has a long history of support for conservative positions, including endorsing George W. Bush’s War on Terror and defending Israel’s 2014 assault on Gaza.
(Article by Alan Macleod republished from MintPressNews.com)
https://twitter.com/rafaelshimunov/status/1199169731900694528
The primary reason why the self-described conservative has the ability to credibly enter the race at such a late date is his financial clout. Bloomberg is the world’s ninth richest individual, enjoying a net worth of nearly $55 billion and he owns a huge eponymous media network, one of the largest in the world.
His recent entry into the ring has proven controversial with many who see the plutocrat’s power and influence as an unfair advantage. Sawyer Hackett, the National Press Secretary for his Democratic nomination opponent Julian Castro noted that if someone had made half a million dollars per day since the United States’ founding in 1776, they would still be far poorer than Bloomberg himself is. Hackett concluded, “that kind of wealth shouldn’t be allowed to leverage success in our primaries.”
Writer and former New York Times columnist Anand Giridharadas pointed out that Bloomberg’s pitch to the American people, that his wealth makes him incorruptible and therefore more trustworthy, was illogical, given that the Democratic Party is currently attempting to impeach a billionaire president on corruption charges, arguing that “being very rich gives you more interests, not less.” It is for this reason that Elizabeth Warren has accused him of trying to essentially “buy the nomination.”
https://twitter.com/AnandWrites/status/1199166746034425856
Yet Bloomberg’s run for President highlights another danger: that of freedom of the press. As the New Republic warned, the 2,700 journalists working directly under him in his extensive media network are in an impossible position. Can they truly report fairly and in an unbiased manner on the presidential race when their owner has such an obvious and important stake in its proceedings? If history is any judge, the answer to that will be “no.” Silvio Berlusconi, for instance, used his vast media empire to propel him and keep him in power as the Prime Minister of Italy for nine years.
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