Tag Archives: Michael Bloomberg

Bezos Asked Michael Bloomberg To Run

What Arrogance!

Jeff Bezos asked Michael Bloomberg to run for President in February. According to Vox:

bezos asked bloomberg to run in februarySometime after Amazon pulled the plug on plans for a New York City headquarters in February of this year, the city’s former mayor Mike Bloomberg received a call from a top company executive.

It wasn’t just any Amazon executive — it was Jeff Bezos, the company’s founder and CEO and the world’s richest man.

Bezos was calling with a question for his fellow billionaire and media mogul: Would Bloomberg consider entering the 2020 presidential race?

Bloomberg told Bezos no at the time, according to a person briefed on the phone conversation.

But he had a question of his own for Amazon’s CEO: Would Bezos reconsider his decision to cancel plans for an Amazon headquarters — dubbed HQ2 — in New York City? Bezos’s response matched Bloomberg’s — he wouldn’t.

Now Michael  Bloomberg is running. As a Democrat. This is a perfect example of why voters are so cynical about politics. The Rich feel they’re entitled to buy control of the country if necessary. Bloomberg will self-fund his campaign, which puts all other  Democratic candidates at a huge disadvantage.

His rationale for running is that Joe Biden’s campaign was struggling financially. Instead of putting his money behind Biden, the Mayor’s over-blown sense of self says the country needs him. We don’t.

Like Trump, Michael Bloomberg IS Wall Street

Michael Bloomberg, though a champion for certain Democratic causes, is no Democrat. His views on women and minorities are enough in themselves to reject him. Then there’s his defense of Wall Street’s business as usual. In September, Bloomberg Magazine boohooed the mere $23 million Goldman Sachs Chief Executive Officer David Solomon was paid last year. It seems his predecessor earned three times that much in 2007. In fact, they report:

Investment bankers had their pay reduced by about a third, with a mid-level banker now getting $600,000 to $950,000, Bell said. Compensation for managing directors has fallen roughly 30%, to an average of $1.5 million to $2 million.

Awww… at the same time the article states, and I quote, “…pay was never as significant for the [bank] branch staff, [You know- the “little people”] but it’s been holding up too, rising along with average wages.”

As Slate’s Matt put it:

When the question is gigantic sodas, Bloomberg sees exploited marks and decides to rescue them from themselves. But when the question is financial products, Bloomberg sides with the con artists and says the marks are only suffering because they’re not smart enough.

Michael Bloomberg’s entry into the Democratic race could blow everything up. If voters have to choose between two oversized egos, they may just keep the one we’ve got. Bernie voters probably won’t vote at all, making Bloomberg the spoiler, as he admitted.

The Mayor’s autocratic, my-way-or-the-highway, style, coupled with his disdain for women and minorities should make his candidacy a non-starter. Democrats need to stand up to this attempted hijacking of our primary.

WILL THEY?

Clipart-Of-A-Red-Rose

 

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Filed under 2020 Election, Banking regulation, Elections, Michael Bloomberg, Politics