Live data from Hacker News

Bloomberg bankrolls a social-media army

wsj.com

291–300 of 553 posts

Re: Bloomberg bankrolls a social-media army

#291
post #216

Why is it healthy for American democracy to have an oligarch purchase the U.S. Presidency like a shiny, new yacht?

in fairness, there are two billionaires running on one side and a near billionaire (trump) on the other side. at least one (Ross Perot) has run in the past.

having a lot of money makes it easier to run, but there's no guarantee of success

Re: Bloomberg bankrolls a social-media army

#292

Earlier quoted context omitted.

Broad appeal among democrats , but the candidate with the best chances in the national election is not the center Democrat, it's the center American, which if you imagine Democrats and Republicans being two ranges butted up against the center, is the rightmost Democrat!

I don't believe republicans or "independent" voters will ever actually cross the aisle anymore. Trump still has massive MASSIVE support from registered republicans.

Less than a third of Americans identify as republican.

Re: Bloomberg bankrolls a social-media army

#293

Earlier quoted context omitted.

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.

The "competitive process" is getting people to say they'll vote for you in polls. So he has been participating in that process. Bloomberg -- rightly or wrongly -- has a broad appeal.

Isn’t the road appeal simply a result of him bombarding the airwaves in Super Tuesday states? So called “soft support”.

Re: Bloomberg bankrolls a social-media army

#294
post #216

Why is it healthy for American democracy to have an oligarch purchase the U.S. Presidency like a shiny, new yacht?

Healthy? No. But its as American as apple pie. Everything these days,in America is based on money.

The entire political process is based on money (fundraising determines whether you're even on the ballot or a debate or able to be on a ticket) and controlled by money as there is a direct correlation between media spend and campaign success.

The worst part is that the "media" is the one sector in our country that has the most to gain from chaos and they're the ones who for the most part, control the dialog and the direction and worse, the cost.

Frankly, I am more shocked by the fact that people dont understand that its all about money.

Re: Bloomberg bankrolls a social-media army

#295

Earlier quoted context omitted.

> Not that there's necessarily anything wrong with billionaires Debatable. Find me a billionaire who didn't get where they are through exploitive labour practices, monopolistic consolidation, political manipulation, massive environmental damage, or inheriting wealth earned in one or more of those ways. A world where billionaires can exists seems like a perversion of the ideals of "healthy" capitalism to me.

J. K. Rowling comes to mind.

Wikipedia had her at £600 million in 2016, so probably not a billionaire, but that's quibbling. I honestly don't think she did anything wrong, but I also think she got that rich because she wrote her books in a world built on exploitive systems. How much less would she have if every book shop employee, amazon employee, or factory worker in china making harry potter ephemera was paid fairly for their labour?

More importantly, if she only had £60 million would she be any less happy?

Re: Bloomberg bankrolls a social-media army

#296
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.

have you ever heard of the "Take care" clause?

Re: Bloomberg bankrolls a social-media army

#297

What a fascinating choice between two New York billionaires. A populist carnival barker vs. a man who built his own personal tech/media empire. I'd bet dollars to donuts Mike's got a tech team in place right now that is running rings around the DNC's haphazard patronage party.

I have friends that work[ed] at Bloomberg. I doubt they're that good.

Re: Bloomberg bankrolls a social-media army

#298
post #274
post #216

Why is it healthy for American democracy to have an oligarch purchase the U.S. Presidency like a shiny, new yacht?

The alternatives are worse. The choices: 1. purchase it with their own money 2. purchase it with money from bribes 3. blackmail party insiders for the nomination and support Using their own money is the cleanest and most honest way to do things.

You're forgetting

4. Convince millions to give just a little bit of time or effort because you spent your entire political career fighting for working people.

Which, in my view, is even better.

Re: Bloomberg bankrolls a social-media army

#299
post #198

Why doesn't he just buy Fox News?

...it's not for sale? Never really understood this line of attack.

It was a serious question where I don't know the answer... Shares are publicly traded at NASDAQ. The Murdoch family seems to hold 39% (of the shares with voting power?) according to Wikipedia... Not sure how feasible it would be to buy enough of the rest if money wasn't an issue?

Re: Bloomberg bankrolls a social-media army

#300
post #60

Earlier quoted context omitted.

Tax cuts and a big middle finger to the democrats.

I don't think they honestly cared about tax cuts. It's all about "Owning the libs" and making America "great" which Fox news tells them is exactly what America is now thanks to Trump and no no other countries are laughing at us constantly that's "Fake news"

The far right is obviously very obsessed with "owning the libs".

There is a massive, silent, and barely political segment of the population between far left and far right. For that silent majority, the only real impact they will have noticed from the Trump presidency is that they paid slightly less in tax.

Most people genuinely don't care about politics. Everyone cares about their money. I think the tax cuts are more important than you let on.

Post reply on HN