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Mike Bloomberg to speak at DNC as Democrats wonder whether he will spend big for Biden

  • August 14, 2020

Since then, Federal Election Commission records show that he’s given nothing to either Biden’s campaign or political action committees supporting Biden’s candidacy. Many people close to him, including those who have spoken with either his team or Bloomberg himself, now say that the timing of his future contributions is fluid. The earliest some believe he will start giving big to Biden is after the convention itself.

“I urge him to come forward and do it,” longtime Democratic donor Bernard Schwartz told CNBC. “For whatever reason he’s been very quiet over this period of time.”

Schwartz, who says he’s known Bloomberg for years, anticipates the business titan will start giving massive contributions to Biden after the convention. 

Others, who often spoke on the condition of anonymity as these conversations were deemed private, were not as convinced big money is coming from Bloomberg immediately following the convention. 

“I have seen a lot of people saying really good things, but I have not heard that it has pushed Mike to do anything. That said, I think it is getting to a s–t or get off the pot juncture,” said a Bloomberg confidant.  

Bloomberg, who has a net-worth of over $54 billion, said he would spend whatever it takes to defeat President Donald Trump. He did end up transferring $18 million to the Democratic National Committee shortly after dropping out of the race. Bloomberg representatives told NPR that he’s already spent over $350 million on Democrats’ efforts to overtake the commander in chief. 

Those investments include $35 million to his own digital platform, Hawkfish, which recently signed a contract with pro-Biden super PAC American Bridge and reportedly picked up a deal with another pro-Biden group, Unite the Country. 

Democrats are still wondering when and how much Bloomberg plans to spend with just under 90 days until November. 

 

Others set to speak at the virtual convention include Obama, former first lady Michelle Obama, former Democratic nominee Hillary Clinton, former President Bill Clinton, Sens. Bernie Sanders and Elizabeth Warren, and Rep. Alexandria Ocasio-Cortez.  

Bloomberg also spoke at the 2016 Democratic National Convention in support of then-nominee Hillary Clinton. 

A note sent out to supporters from Bloomberg’s office said that this year he will speak about “why we have the best candidate to meet today’s challenges and get big things done.” Bloomberg recently wrote a glowing opinion piece about the ticket of Biden and his newly announced running mate, Sen. Kamala Harris. 

A representative for the convention did not return a request for comment. 

Article source: https://www.cnbc.com/2020/08/13/mike-bloomberg-to-speak-at-dnc-as-dems-wonder-whether-he-will-spend-big-for-biden.html

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