$12 BILLION ENTRY FEE
New York City native John Podhoretz has a theory about how much Michael Bloomberg could spend on his quest for the White House.
“In 2009, running for a third term as mayor, Michael Bloomberg spent $102 million to get a mere 51%, total of $174 per vote. If he were to spend $174 per vote in this bid for the presidency in 2020 we’re hearing so much about, the White House would cost him something like $12 billion,” writes Mr. Podhoretz in the New York Post.
“Google tells me Bloomberg is worth $53 billion. Buying the presidency would take about a quarter of his wealth. So why not run? He only has two kids. Do they really need the full $53 billion after he sloughs off this mortal coil when they could split $41 billion?” asks the columnist.
“If Bloomberg wants it, why shouldn’t he try to buy it? This is America, people. We all like to say things like ‘the presidency is not for sale, but have we ever really truly tested the proposition?”