Bloomberg Spends $120 Million in Three Weeks on Campaign Ads
MONEY MONEY MONEY
Mike Bloomberg has launched his presidential campaign with an unprecedented spending spree, buying $120 million in the three or so weeks he’s been a presidential candidate, Politico reports. That’s a little less than $2 for every person who voted Democratic in the 2016 race. The next highest spenders are fellow billionaire Tom Steyer, with $83 million, and Pete Buttigieg with $19 million. The news comes a day after Bloomberg admitted to employing a firm using prison labor making as little as $20 per month. The spending frenzy has bought Bloomberg some traction—he’s currently polling at 5 percent in the Real Clear Politics national average, about 23 points behind frontrunner Joe Biden.