[PJ] Billionaire Democrat Mike Bloomberg ended his self-funded presidential campaign earlier this month after his stunning failure on Super Tuesday. Since he first entered the race, his virtually limitless fortune has been discussed at length in the media.
Apparently, at the end of his campaign, he had $18 million left in funds, and has finally decided to do something with that haul.
He’s giving it to the Democratic National Committee.
The Associated Press reports that Bloomberg’s $18 million transfer to the Democratic Party is "largest single such transfer ever" and "amounts to more than the national party’s typical cash balance."
"The transfer will help the DNC make up for some of the steep fundraising disadvantage when compared with its Republican counterpart, which routinely has raised tens of millions more than the Democratic organization throughout election cycles."
Bloomberg’s campaign "will also transfer its offices in six pivotal states to the Democratic parties in those states, to help accelerate their hiring and organizing. Those states are Arizona, Florida, Michigan, North Carolina, Pennsylvania and Wisconsin." |