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Tags: bloomberg | democrats | midterms

Bloomberg Gives Dems $10M More in Attempt to Stave Off Red Wave

By    |   Wednesday, 26 October 2022 05:46 PM EDT

Billionaire Mike Bloomberg, the former New York City mayor, is sending an additional $10 million to the House Majority PAC in order to bolster chances for Democrats in the midterm elections, an adviser told Politico on Wednesday.

The donation comes as the Democratic Party leadership fears that recent large sums distributed by Republican super PACs will help give the GOP a decisive victory in the election.

"He has a long-standing relationship with Speaker [Nancy] Pelosi, was aware of the party's current needs, and wanted to step up again," Marc La Vorgna, a Bloomberg spokesperson, told Politico.

Bloomberg, who helped flip the House in 2018 for the Democrats and ran for president in 2020, is heavily invested this midterm in keeping Democratic control of Congress, La Vorgna said. Bloomberg has now contributed more than $70 million to party candidates and causes this cycle.

Bloomberg's strategy is to spread around his donations to battleground races in order to hold off GOP challengers in close races and has so far sent between $500,000 and $2 million apiece to gubernatorial campaigns in Michigan, Pennsylvania, Colorado, New Mexico and Wisconsin, as well as another $2 million to Democratic secretaries of state.

Pelosi, who has raised hundreds of millions of dollars on her own this cycle, issued a statement thanking Bloomberg for being such "a key resource as Democrats are working to advance job creation, ensure public safety, protect a woman's right to choose, defend Medicare and Social Security, and lower the costs of prescription drugs."

House Majority PAC Executive Director Abby Curran Horrell added in a statement that "with so much at stake right now, including democracy itself, Mayor Bloomberg's support ensures that we can keep pace with extremist Republicans who are spreading lies and misinformation about Democratic candidates and incumbents around the country," The Hill reported.

The most recent indications have been that the GOP has an increasingly good chance of winning back the House.

FiveThirtyEight noted that Republicans are favored to secure control of the chamber over Democrats, 82% to 18%.

And the nonpartisan Cook Political Report altered its prediction for the House toward the GOP on Tuesday, estimating that Republicans will win as many as 25 seats, up from its previous forecast of 10 to 20 seats.

Brian Freeman

Brian Freeman, a Newsmax writer based in Israel, has more than three decades writing and editing about culture and politics for newspapers, online and television.

© 2024 Newsmax. All rights reserved.


Newsfront
Billionaire Mike Bloomberg, the former New York City mayor, is sending an additional $10 million to the House Majority PAC in order to bolster chances for Democrats in the midterm elections, an adviser told Politico on Wednesday.
bloomberg, democrats, midterms
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2022-46-26
Wednesday, 26 October 2022 05:46 PM
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