Former New York City Mayor and Billionaire Michael Bloomberg has announced he will commit $80 Million dollars to democrats for the midterm elections.
Michael Bloomberg, the billionaire former mayor of New York City, reportedly plans to spend at least $80 million to help the Democratic Party regain control of the U.S. House in November.
Bloomberg's hefty contribution was confirmed to the Washington Post by Howard Wolfson, a Democratic political strategist and close Bloomberg aide who will oversee the funds. The New York Times first reported Bloomberg’s planned political spending.
It’s not clear which races Bloomberg plans to focus on.
Bloomberg said in a statement to the Post that Republicans have not delivered results during their tenure controlling both the House and Senate, and argues that a change in power is necessary for members of Congress to reach across the aisle to solve the issues plaguing the country.
"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-a-half has been evidence of that," the statement read.
What are your thoughts? Do you agree with Bloomberg? Are Republicans unable to Govern?
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