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Bloomberg bankrolls a social-media army

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161–170 of 553 posts

Re: Bloomberg bankrolls a social-media army

#161
post #75

So he's hiring a bunch of barely-over minimum wage workers to spread his message... and? What do you think the other politicians are doing with the millions they raise? This isn't a story.

He'll be on the debate stage tonight as a legitimized candidate -- having not participated in the competitive process at all, and without a single donor (doesn't need 'em), and levering his billions to flood media.

It's a rather disgusting story, actually.

Re: Bloomberg bankrolls a social-media army

#162

Many here seem upset at the idea that Bloomberg is spending a lot of his own money to run for president. Running for president is very expensive. All other candidates are also spending a lot of money -- but they're spending a lot of _other people's money_, to whom they are now beholden. What do those other people expect to get in return for their financial support? Surely they don't just give away millions of hard ea…

So instead of people buying politicians with large donations, he can buy people with large donations....like he's done with all those mayors.

It's worse because it's self-serving. It's unprecedented because he's outspent every candidate (I believe in the history of the US) and it's all his own money. He can buy anyone at this point...I'd rather have a politician pulled in several directions than one that just does whatever he pleases because he can buy influence and influencers

Re: Bloomberg bankrolls a social-media army

#163
post #75

So he's hiring a bunch of barely-over minimum wage workers to spread his message... and? What do you think the other politicians are doing with the millions they raise? This isn't a story.

He'll be on the debate stage tonight as a legitimized candidate -- having not participated in the competitive process at all, and without a single donor (doesn't need 'em), and levering his billions to flood media. It's a rather disgusting story, actually.

Might makes right.

Re: Bloomberg bankrolls a social-media army

#164
post #129

A populist President can be mitigated by Congress if they choose to act and also take back some of the executive powers they gave the President.

Congress doesn't give the President anything except money. Executive powers come from the Constitution, not Congress. To put it simply: the President does not serve at the pleasure of Congress.

Yes the executive powers in the Constitution are obviously not governed by Congress but Congress has indeed delegated some their responsibilities to the President. These, known as the emergency powers, are what I am referring to.

https://www.theatlantic.com/magazine/archive/2019/01/preside...

Re: Bloomberg bankrolls a social-media army

#165

Earlier quoted context omitted.

For what it is worth, I got text asking for donation to Bloomberg's campaign. So I would not expect Bloomberg not taking money from large donors.

Bloomberg doesn't need money. He solicits donations because the act of donating money causes the donator to feel personally invested in the campaign. They will be more likely to take steps to influence their friends and family to vote for Bloomberg, and more likely to actually bother to vote themselves, than someone who hasn't. This is the same reason governments sell war bonds -- they don't actually need the $100. I…

War bonds actually raised a ton of money to support WW2. The govt actually needed that money.

Re: Bloomberg bankrolls a social-media army

#166

Many here seem upset at the idea that Bloomberg is spending a lot of his own money to run for president. Running for president is very expensive. All other candidates are also spending a lot of money -- but they're spending a lot of _other people's money_, to whom they are now beholden. What do those other people expect to get in return for their financial support? Surely they don't just give away millions of hard ea…

> is better than a candidate with a wealthy donor network of obscure motives pulling the strings behind the scenes.

Surely this was said of the current occupant... never quite as clean as that, it would seem.

Re: Bloomberg bankrolls a social-media army

#167

Many here seem upset at the idea that Bloomberg is spending a lot of his own money to run for president. Running for president is very expensive. All other candidates are also spending a lot of money -- but they're spending a lot of _other people's money_, to whom they are now beholden. What do those other people expect to get in return for their financial support? Surely they don't just give away millions of hard ea…

> He's not beholden to anyone's interests or greed or kickbacks or special interests.

What a laughable statement. Of course he is, he's beholden to his own interests as a billionaire. Bloomberg is special interests personified. How is it possibly a good thing that any single person in our country can elect themselves via sheer wealth?

Also incredible that you phrase being beholden to many people's interests as a bad thing. Of course there is corruption by another name when candidates take money from Super PACs (Buttigieg/Biden), but isn't it a good thing that, for example, Sanders is now beholden to the interests of his over 2 million donors? Almost like he's beholden to the interest of his constituents, as an elected representative...

Re: Bloomberg bankrolls a social-media army

#168
post #142

Earlier quoted context omitted.

> I believe people are not idiots and are capable of judging their own interest. He's buying up media and politicians. People can't decide from themselves when he's spending a billion dollars to shape the narrative. If Bloomberg gets elected the US is done. It's not longer anything resembling democracy and the only thing that will save us from the new order will be revolution.

> If Bloomberg gets elected the US is done. It's not longer anything resembling democracy and the only thing that will save us from the new order will be revolution. So being extremely wealthy and successful now disqualifies you from being a good President? Unlike our current super wealthy President, Bloomberg has more experience in government (mayor of NYC) and has a more successful track record in business. Money s…

Nit: Trump being super wealthy is arguable on many grounds - definitionally ("super"), wealthy at all, debt superseding wealth, etc. Bloomberg is _actually_ super wealthy.

Re: Bloomberg bankrolls a social-media army

#169

Many here seem upset at the idea that Bloomberg is spending a lot of his own money to run for president. Running for president is very expensive. All other candidates are also spending a lot of money -- but they're spending a lot of _other people's money_, to whom they are now beholden. What do those other people expect to get in return for their financial support? Surely they don't just give away millions of hard ea…

So you think he is spending hundreds of millions out of goodness of his heart? Just so he would get the chance to help average citizen?

Re: Bloomberg bankrolls a social-media army

#170
post #137

Earlier quoted context omitted.

Many here seem upset at the idea that Bloomberg is spending a lot of his own money to run for president. No - it's not that he's spending his own money. But rather, how he's spending it. And they're not "upset". They're calmly pointing out the obvious: that this kind of attempted influence buying is profoundly dystopian and antidemocratic.

All of the other candidates are also doing that; there's nothing special about how Bloomberg is spending his money. The others are doing the same, but with other people's money -- people who will now expect to wield influence behind the scenes. Is that not worse?

Perhaps stating the obvious here, but if the money comes in small increments from millions of people who are broadly representative of the population (ahem, Bernie Sanders, ahem), then the politician will be beholden to the people they're actually supposed to be beholden to: the voters.

If we allow the extremely wealthy to have an extreme advantage in campaigns, we'll end up with a government that only serves their interests. Why would we expect anything else?

The solution to this is public funding of elections that puts all candidates on an equal playing field, or at least overturning Citizens United and only allowing direct donations under the maximum including from yourself.

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