When billionaires Michael Bloomberg and Tom Steyer threw their names in the hat for the Democratic nomination for president of the United States, most probably expected they would spend some of their own money in the pursuit of the nomination. But few expected how they would bury the race in their own money. To date, Steyer and Bloomberg have each spent nearly $200 million, each more than double Democratic contender Bernie Sanders, and each more than three times Elizabeth Warren and Joe Biden. All that money doesn’t seem to have done much for Tom Steyer, but Bloomberg’s omnipresent advertising in critical markets has propelled him higher in the polls steadily. (Chart from Marketwatch.com)
2020 Democrat Fundraising and Spending
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February 17, 2020