Michael Bloomberg came and went quickly in the 2020 presidential campaign. He entered the race last November, spent $1 billion on staff and ads, rose briefly in the polls, then quit on March 4, after Joe Biden’s unexpected surge. Bloomberg has been mostly quiet since.
But the publishing titan and former New York City mayor could still play a major role in the 2020 election, if he chooses to spend some of his $60 billion fortune helping Biden, a longtime friend. “The one advantage Trump does have over Biden right now is economic,” Bradley Tusk, a longtime Bloomberg adviser, says in the latest episode of the Yahoo Finance Electionomics podcast. “If Mike Bloomberg put in $100 million or $300 million, would that be welcome? I’m sure it would be.”
Trump has outraised Biden by about $100 million so far, in part because he has Republican donors all to himself. Democratic