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Mike Bloomberg

Mike Bloomberg Lost the Fight, But Did He Lose the War?

Gettyimages | Brett Carlsen
By Sharon Oliver

Much is being made of former presidential candidate Mike Bloomberg's throwing in the towel. He wasted his money, they say. It wasn't the shortest run in history (actually not), they say. True, Bloomberg made a late entry into the race in November, outspending and upsetting everyone with all those campaign ads that only he could afford.

For four months, the former New York City mayor poured over a half-billion dollars into television ads and built one of the largest field operations of any campaign. Then came Super Tuesday, preceded by primary voting in South Carolina.

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Going South

Democrat candidates
Gettyimages | Ethan Miller

Bloomberg's presidential aspirations started spiraling before the 14-state contest began. During the February 19 debate in Las Vegas, fellow candidate, Senator Elizabeth Warren launched some pretty big punches in Bloomberg's direction. He was still staggering when trying to hit back against his other opponents.

The native New Yorker may have hanged his hopes on having a successful Super Tuesday, but capturing the votes of one contest, American Samoa, is not enough. Even with that, Bloomberg would later show he is not done.

Then Came South Carolina and Super Tuesday

Joe Biden
Gettyimages | Scott Olson

Though Joe Biden faltered in the Iowa, New Hampshire and Nevada contests, by the time it was the folks in South Carolina's turn, things took a dramatic shift. Within 48 hours of Biden's win, money and endorsements poured in, Pete Buttigieg and Amy Klobuchar dropped out and not only endorsed the former Vice President, but they stomped for him in Dallas. Even former presidential candidate and Texan Beto O'Rourke came out to lend support.

The next person to drop out and endorse Biden would be none other than Mike Bloomberg, but he took it a step further. Bloomberg's rationale for entering the race were, in part, due to Vice President Joe Biden's struggles. After Super Tuesday, Bloomberg would "offer his help" again, but in a different way.

It's Over, Sorta

mike bloomberg
Gettyimages | Bill Pugliano

Just a week prior to Super Tuesday, the Bloomberg camp thought they could be competitive in the southern states of Arkansas, North Carolina, Oklahoma and Tennessee but Joe Biden ended up winning them all.

Even critics who complained that Bloomberg was trying to buy the election, based on his shelling out a gazillion dollars on ads, were stunned by Biden's sweep on Tuesday. Here was a man who was basically broke when it came to campaign finance and who had no ground game to speak of, yet winds up having a near blow-out.

Put Your Money Where Your Candidate Is

Bloomberg and Biden
Gettyimages | MARK RALSTON

While folks concentrate on Bloomberg's loss, he is focusing on staying in the fight. Not as a candidate but still someone with deep pockets who can help Joe Biden with equally deep resources. Yes, there are campaign laws to follow, nevertheless, Bloomberg had a staff of over 2,400, so Biden probably won't need to hang out any "Help Wanted" shingles.

Bloomberg has also paid up on leased spaces through November. Will Joe Biden pick up and carry on the Bloomberg tradition of weekly Taco Tuesdays and regular catered lunches for his staff? That, remains to be seen.

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