Nov 25, 2019

Warren accuses Bloomberg of trying to "buy" Democratic nomination

Fadel Allassan

Photo: Elijah Nouvelage/Getty Images

Sen. Elizabeth Warren attacked 2020 newcomer Michael Bloomberg's approach to the Democratic primary, suggesting he believes he can "buy" the nomination with "bags and bags of money," Bloomberg reports.

Driving the news: Bloomberg, who announced his candidacy on Sunday, is reportedly set to spend $100 million in digital ads in swing states attacking President Trump, per the New York Times. A source close to the billionaire and former New York mayor told Axios earlier this month that Bloomberg "will spend whatever it takes to defeat Donald Trump."

What she's saying:

“His view is that he doesn’t need people who knock on doors. He doesn’t need to go out and campaign, people. He doesn’t need volunteers. And if you get out and knock on 1,000 doors he’ll just spend another $37 million to flood the airwaves and that’s how he plans to buy a nomination in the Democratic Party. I think that is fundamentally wrong.”
— Elizabeth Warren

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Sara Fischer

Billionaires dominate 2020 ad spend

Data: Advertising Analytics; Chart: Andrew Witherspoon/Axios
Go deeperArrowNov 26, 2019
Axios

Mike Bloomberg officially announces presidential run

Photo: Yana Paskova/Getty Images

Billionaire and former New York Mayor Mike Bloomberg officially announced on Sunday that he's running for president as a Democrat.

"I’m running for president to defeat Donald Trump and rebuild America. We cannot afford four more years of President Trump’s reckless and unethical actions. He represents an existential threat to our country and our values. If he wins another term in office, we may never recover from the damage. The stakes could not be higher. We must win this election. And we must begin rebuilding America. I believe my unique set of experiences in business, government, and philanthropy will enable me to win and lead."
— Mike Bloomberg
Go deeperArrowNov 24, 2019
Jacob Knutson

Bloomberg apologizes for controversial "stop-and-frisk" policing practices

Michael Bloomberg at a 2019 gala in New York City. Photo: Ron Adar/SOPA Images/LightRocket via Getty Images

Former New York City Mayor Mike Bloomberg apologized at a black megachurch in Brooklyn on Sunday for implementing aggressive “stop-and-frisk” policing practices that disproportionately targeted black and Latino people across the city, the New York Times reports.

Why it matters: Bloomberg’s speech was his first since he filed paperwork to enter the 2020 presidential primary in Alabama, with the comments marking a surprising reversal on a core policy of the former mayor's tenure. Bloomberg in the past has strongly defended stop-and-frisk, which allowed police officers to stop and search anyone they suspected of a crime.

Go deeperArrowNov 17, 2019