It might be time to take Bloomberg seriously [View all]

[Zorro]

Count on this: If Bernie Sanders manages to win the Iowa caucuses Monday and then storms into New Hampshire, where the Vermont senator already holds a commanding lead in virtually every poll, anxiety on Wall Street and among the Democratic donor class will quickly erupt into a full-fledged panic.

And yet I can think of one billionaire Democrat who would look at that scenario and think that, once again, fortune favors the rich.

His name is Mike Bloomberg. And even a few weeks ago, I’d have told you he was wasting his money.

Bloomberg’s entry into the Democratic primary field in November struck me as nonsensical. The plan was to skip the first four contests while buying up virtually all of the airtime in the larger Super Tuesday states, amassing a long list of endorsements from mayors and spreading a lot of money around to candidates and party organizations.

https://www.washingtonpost.com/opinions/2020/02/02/it-might-be-time-take-bloomberg-seriously/