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Bloomberg’s Campaign Transfers $18 Million to DNC

Bloomberg’s Campaign Transfers $18 Million to DNC

“Mr. Bloomberg has also offered to transfer the ownership of many of his field offices to state party committees.”

https://www.youtube.com/watch?v=4KX6swK-JoU#action=share

Yesterday I blogged that Wuhan coronavirus has hampered former Vice President Joe Biden’s fundraising and the Democratic National Committee (DNC). It’s hard for both to compete against President Donald Trump and the Republican National Committee since both are swimming are cash.

The DNC received a decent boost from billionaire former candidate Michael Bloomberg.

Bloomberg can transfer $18 million to the DNC since it will come from his campaign. As a citizen, Bloomberg could only donate hundreds of thousands of dollars. Quite a difference!

From The Wall Street Journal:

The investment is aimed at strengthening the DNC’s battleground program, which includes 12 states and is run in coordination with the state party committees. Mr. Bloomberg has also offered to transfer the ownership of many of his field offices to state party committees, according to a Democratic official, who said that the former New York City mayor’s contributions would help speed up their hiring for positions in organizing, data and operations.

The multimillion-dollar boost to the party’s field organizing program could serve as a major asset to the Democratic nominee. Former Vice President Joe Biden is leading the delegate count and has struggled to amass a large campaign war chest. Sen. Bernie Sanders is still in the race, but Mr. Biden’s campaign is preparing to build out a larger staff for the general election while grappling with the new realities of campaigning during the coronavirus pandemic.

President Trump’s team has built a large campaign organization and is planning an extensive operation of field organizers and digital outreach to voters. Mr. Trump and the Republican National Committee had more than $225 million in the bank at the end of February.

The six states are Arizona, Florida, Michigan, North Carolina, Pennsylvania, and Wisconsin.

Bloomberg promised to keep “his staff on the payroll and field offices open in at least six competitive general-election states, even if he wasn’t the party’s nominee.”

However, Mike blogged that Bloomberg cut employees even though he promised them employment for a year. He allowed them to keep the iPhones and MacBooks he gave them:

Multiple Bloomberg aides told POLITICO they participated in termination calls with the campaign on Monday. Some of them complained after the calls that they were originally told they would be paid by Bloomberg though the November general election regardless of whether he remained in the race. Most staffers will receive their last paycheck on March 31, sources said…

Hiring materials from Bloomberg headquarters shared with POLITICO stated that regardless of what happened, field organizers could expect to have a job with “Team Bloomberg” through November, though it didn’t promise interviewees where they would be based. It outlined that organizers would be paid $6,000 a month, plus a $5,000 relocation stipend and full health, dental and vision benefits.

The Wall Street Journal reported that the campaign told staffers in the six states I listed “they would be paid through the first week in April and have full benefits through the end of April.”

Now they “have to reapply for positions through the DNC’s program.” One Democratic aide said the former Bloomberg employees “will not be given preferential treatment.”

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Comments

A commenter in a WSJ article today suggested that Mini Mike could single-handedly support the out-of-work restaurant people, the small biz owners who need cash, any number of ways $18m could help NYC businesses but what does he do???? Gives it to the DNC!!! Stupidity, sheer stupidity.

    notamemberofanyorganizedpolicital in reply to EOS. | March 20, 2020 at 5:13 pm

    Make sure everyone, especially NEW YORKERS know this fact.

    May Bloomberg go broke faster than a flea hops on a dog.

    Oh yeah……and…..

    “PLUCK THE MEDIA!!!!!!!!!!!!!!”

    bear in reply to EOS. | March 20, 2020 at 5:18 pm

    The most encouraging news about this cash transfer is that hillary spent well over $1 billion to lose. This money from bloomberg is pocket change, regardless of how it is spent. The dems won’t be able to sell/buy their senile candidate with mere money.

Barry Soetoro | March 20, 2020 at 5:15 pm

Proven once again: Non-credible promises made by a Democrat are promises that won’t be met.

This guy is polishing the brass on the Titanic. It’s all going down.

(Fight Club reference, have to give proper attribution)

Lucifer Morningstar | March 20, 2020 at 5:35 pm

Wow, $18 million. That would all but cover his promises to his former employees. You know, the one where he promised they’d be employed and paid $6000/mnth through November as well as receive medical dental, and vision insurance for the same time period. But of course, he has to waste it by giving it to the DNC.

Lucifer Morningstar | March 20, 2020 at 5:42 pm

He allowed them to keep the iPhones and MacBooks he gave them:</blockquote.

iPhones that will stop working once Mikey stops paying the bill and MacBooks that won't help his ex-employees pay their rent unless they hock them at the local pawnshop. And even then they wouldn't get much for them. How utterly generous of Mikey. He's a real Saint.

This move confirms something I predicted. By running for President, candidate Mini Mike could do two things that private citizen Mike or a Mini Mike PAC couldn’t. He could buy up advertising space at lower rates thanks to Federal rules that require advertisers to charge campaigns their lowest published rates which can be a third of going rates. That’s why he was more interested in attacking Trump in his ads than his supposed Dem opponents.
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The second thing he could do is accumulate a war chest in his campaign fund that would survive his abandoned campaign. Then his Campaign to Elect Mike Bloomberg election fund could be spread to the ultimate candidate and the DNC without limits as he did here with the $18 Million.
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Keep in mind that he can use these funds for downstream election influencing too. He could buy vulnerable House Reps and even a Senator or two. Think of all that power.
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What I’m curious to know is, how much does he have left? It could be hundreds of millions. Soros could be small potatoes compared to the politicians Bloomie can buy.

    4fun in reply to DanJ1. | March 20, 2020 at 8:11 pm

    (sarc) I’m sure the democrat party with it’s fantastic legend of probity will turn this offer down as they’re the party that says there is too much money in politics. (sarc off)

I think that funding the dimocrat candidate was the intention all along. As a private citizen he was limited to what he could donate.

    CorkyAgain in reply to Tsquared. | March 20, 2020 at 7:11 pm

    Yes, it does seem odd that he can launder his donation to the party by self-funding a campaign that wasn’t going anywhere and then when it inevitably fails, passing along the money *he* put into it.

    If this is legal, it’s a loophole that needs to be plugged if the limits on personal donations aren’t eliminated altogether.

Mini Mike is throwing cash at the DNC. They owe him. Don’t be surprised if somehow down the road, he re-enters the fray when senile Joe [not to be confused with penile Bill] mentally loses it and has to bow out of the race.

I’m happy Bloomberg wasted a lot more cash than he donated to the DNC. Maybe now he can go to stand up comedian school.

Hopefully, this creep’s defection from the republican party will kick enough of us in the head to NEVER consider the likes of this rat as capable of any high office. Or low office, for that matter. Pun intended.

    notamemberofanyorganizedpolicital in reply to TheFineReport.com. | March 20, 2020 at 9:16 pm

    Rat?

    This is the Chinese Year of the RAT,
    and Bloomberg is their paid traitor poster child of a RAT!

    Defection? He was never a Republican. The only reason he ran as a Republican in 2001 was that he saw there were already four very strong candidates in the Dem primary, while the only candidate in the Rep primary was Herman Badillo. So he took the easy option and saved his money for the general election. He switched his registration to R, but it didn’t last; he switched to independent during his second term, and ran for his third term as a R while not even being a registered R voter.

By NBC math he could have given everybody $10k

    CorkyAgain in reply to JimWoo. | March 21, 2020 at 12:18 am

    So I can expect a check in the mail, instead of yet another 8×10 postcard?

    (I cut those cards into 1-inch strips. They were printed on sturdy card stock and make great bookmarks. Thanks Mike!)

I would like to see all the staffers he screwed vote for Trump and a straight republican ticket.

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