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+--- Thread: Bloomberg dips his wallet into the presidential race (/showthread.php?tid=288049)
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Bloomberg dips his wallet into the presidential race - Speedy - 06-20-2024
No doubt just a portion of his support for Democrats.
https://wapo.st/3VTPYUt
Former New York mayor Mike Bloomberg, the billionaire entrepreneur and former Democratic presidential candidate, has given nearly $20 million to help President Biden’s reelection effort, according to people familiar with the donations.
The transfer of funds includes a $19 million check to FF PAC, a independent pro-Biden group also known as Future Forward, and a max-out donation of $929,600 to the Biden Victory Fund, an amalgamation of Biden campaign and Democratic Party committees.
Bloomberg endorsed Biden’s reelection Thursday in a statement to The Washington Post, in response to a request for comment on the donations.
“I stood with Joe Biden in 2020, and I am proud to do so again,” Bloomberg said.
These are the first public donations in the 2024 presidential race from the wealthy Republican-turned-Democrat, who has become a reliable source of major funding for Democrats in recent campaign cycles. The transfers were described by multiple people familiar with them who spoke on the condition of anonymity because they were not authorized to speak publicly.
Bloomberg, 82, who served three terms as the mayor of New York City, is the 15th wealthiest person in the world, according to Forbes magazine, with about $106 billion in assets, mostly through his privately-held financial services company, Bloomberg LP.
Re: Bloomberg dips his wallet into the presidential race - vision63 - 06-20-2024
Yes! That'll dovetail nicely with what I've donated.
Re: Bloomberg dips his wallet into the presidential race - SteveG - 06-20-2024
2016
Bloomberg ripped Trump’s business history, including his multiple bankruptcies and approximately 3,500 lawsuits. The current Bloomberg LP CEO also added that he didn’t need a million dollar check from his father to start his company.
“Trump says he wants to run the nation like he’s run his business. God help us. I’m a New Yorker, and I know a con when I see one.”
Re: Bloomberg dips his wallet into the presidential race - special - 06-21-2024
But…
Breaking news: Secretive donor gives $50 million to pro-Trump group
Re: Bloomberg dips his wallet into the presidential race - Lemon Drop - 06-21-2024
special wrote:
But…
Breaking news: Secretive donor gives $50 million to pro-Trump group
Not that secretive, it's Timothy Mellon.
Let's don't act surprised when billionaires who inherited their money don't want to pay taxes, and don't give a hoot about the country that made their family so fucking rich.
Re: Bloomberg dips his wallet into the presidential race - sekker - 06-21-2024
Lemon Drop wrote:
[quote=special]
But…
Breaking news: Secretive donor gives $50 million to pro-Trump group
Not that secretive, it's Timothy Mellon.
Let's don't act surprised when billionaires who inherited their money don't want to pay taxes, and don't give a hoot about the country that made their family so fucking rich.
Mellon's wiki page is - something else. All of his quotes reflect his life experience as a grandchild of privilege.
Re: Bloomberg dips his wallet into the presidential race - Speedy - 06-21-2024
Timothy Mellon, Secretive Donor, Gives $50 Million to Pro-Trump Group
https://www.nytimes.com/2024/06/20/us/politics/timothy-mellon-trump-donation.html?unlocked_article_code=1.1U0.p1O6.eQRFkJdCMusy&smid=url-share
Timothy Mellon, a reclusive heir to a Gilded Age fortune, donated $50 million to a super PAC supporting Donald J. Trump the day after the former president was convicted of 34 felonies, according to new federal filings, an enormous gift that is among the largest single disclosed contributions ever.
The donation’s impact on the 2024 race is expected to be felt almost immediately. Within days of the contribution, the pro-Trump super PAC, Make America Great Again Inc., said in a memo that it would begin reserving $100 million in advertising through Labor Day.
The group had only $34.5 million on hand at the end of April, and Mr. Mellon’s contribution accounted for much of the nearly $70 million that the super PAC raised in May. On Wednesday and Thursday, the super PAC began reserving $30 million in ads to air in Georgia and Pennsylvania around the Fourth of July holiday.
Mr. Mellon is now the first donor to give $100 million in disclosed federal contributions in this year’s election. He was already the single largest contributor to super PACs supporting both Mr. Trump and Robert F. Kennedy Jr., who is running as an independent. Mr. Mellon has previously given $25 million to both.
>>>>>
Mr. Mellon originally self-published an autobiography, but it was taken off-line in 2016 after some incendiary passages became public, including a line that Black people were “even more belligerent” after social programs were expanded in the 1960s and ’70s.
Mr. Mellon also wrote that social safety net programs amounted to “slavery redux.”
“For delivering their votes in the Federal Elections, they are awarded with yet more and more freebies: food stamps, cellphones, WIC payments, Obamacare, and on, and on,” Mr. Mellon wrote, according to The Washington Post.
Re: Bloomberg dips his wallet into the presidential race - Black - 06-21-2024
Good, send money and stay in the shadows.....
Re: Bloomberg dips his wallet into the presidential race - mrbigstuff - 06-21-2024
Edit
Winthorpe!
Re: Bloomberg dips his wallet into the presidential race - S. Pupp - 06-21-2024
special wrote:
But…
Breaking news: Secretive donor gives $50 million to pro-Trump group
Thank God that money will somehow end up in Trump's pocket rather than paying for election campaigning.