Michael Bloomberg says he plans to spend $80 million on the midterms to help Democrats take control of the House -- Which is not a great investment choice for Mr. Bloomberg.
Bloomberg, a political independent who served as mayor for two terms, has blasted Republicans' ability to govern while controlling both chambers of Congress and the White House.
“Republicans in Congress have had almost two years to prove they could govern responsibly. They failed," Bloomberg said in a statement reported by The New York Times on Wednesday.
“I’ve never thought that the public is well-served when one party is entirely out of power, and I think the past year and half has been evidence of that,” he continued.
Bloomberg argued that Republicans “have done little to reach across the aisle to craft bipartisan solutions — not only on guns and climate change, but also on jobs, immigration, health care, and infrastructure.”
With the great economic boom in America, what is Bloomberg really complaining about? Mr. Bloomberg is no worse than George Soros at this point. George Soros is planning to spend vastly more than Bloomberg. According to projections, about $512 million is slotted to be spent on "Grants and Other Direct Program Costs" this year.