Dec 12, 2019 - Politics & Policy

Mike Bloomberg makes local friends with his 2020 donations

Mike Bloomberg

Photo: Eric Risberg/AP

Mike Bloomberg will donate $10 million this week "to defend vulnerable Democratic House members against paid Republican attacks on their support for impeachment proceedings" in 2020, the Washington Post reports.

Why it matters: We're told Bloomberg sees House Democrats as a counterweight to President Trump — the reason he was the biggest outside individual spender on Democrats during the 2018 midterms.

  • Bloomberg is also giving $5 million to Stacey Abrams' voter-protection efforts.

Between the lines: The most likely path for Bloomberg depends on a brokered convention, where superdelegates — political insiders — would be vital.

  • So it's smart of him to use his biggest advantage — unlimited wealth — to curry favor with elected officials.
  • And his spending on state and local caucuses gives his presidential candidacy a rationale beyond himself.

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