When Michael Bloomberg entered the presidential race last November, he was scorned almost universally. Now, many Democrats hope desperately that he will be their savior, the only candidate who can prevail over Bernie Sanders, an ardent socialist they
After fourth and fifth place finishes in Iowa and New Hampshire, Joe Biden is toast, as is Elizabeth Warren, following her distant third and fourth place finishes.
Mayor Mike has rocketed into third place in the Real Clear Politics average of national polls, soon to pass plummeting Biden into second behind Sanders. This will set up a titanic civil war between Sandernistas and center-right Democrats.
None of this would have seemed remotely possible listening to political pundits last November. They dismissed Bloomberg’s bid, with several trite “truisms” about political tradecraft. First, money can’t buy the presidency. Second, his late entry would be fatal. Third, by skipping the first four contests, he would fall hopelessly behind. Fourth, his policy stands are all over the map, so he has no natural following or base.
First, his $50 to $66 billion (estimates vary) provide him a tremendous advantage, a massive war chest with which to beat Sanders now and Donald Trump in November.
Last November, few pundits stopped to think that, maybe, there was an obvious and compelling rationale for skipping the first four contests.