is Bloomberg running to destroy the Democratic party

Deep pockets and the cost of campaigning has contributed to a cash crunch as Bloomberg’s media buying combines with the scale of the upcoming super-Tuesday media markets. The price of victory is rising with the next two primaries, as the strategy of planning for a brokered convention features in Bloomberg’s campaign.

As with every election, financial attrition will be the key factor. New coalitions are forming as the 2016 lessons seem unlearned, now made noisy again by “socialist” fears and name-calling. In the choice of billionaires, Tom Steyer seems more connected to the grass-roots than Bloomberg, even if that meme of combating Trump with equivalent evil seems existentially necessary.

Unlike the 2020 consolidation of the GOP as a Trumpocrat party, the progressive elements could become further fractured in the Democratic party despite the need to #VoteBlueNoMatterWho.

LAS VEGAS — Mike Bloomberg is privately lobbying Democratic Party officials and donors allied with his moderate opponents to flip their allegiance to him — and block Bernie Sanders — in the event of a brokered national convention.

The effort, largely executed by Bloomberg’s senior state-level advisers in recent weeks, attempts to prime Bloomberg for a second-ballot contest at the Democratic National Convention in July by poaching supporters of Joe Biden and other moderate Democrats, according to two Democratic strategists familiar with the talks and unaffiliated with Bloomberg.

The outreach has involved meetings and telephone calls with supporters of Biden and Pete Buttigieg — as well as uncommitted DNC members — in Virginia, Texas, Florida, Oklahoma and North Carolina, according to one of the strategists who participated in meetings and calls.

With Sanders’ emergence as the frontrunner in the presidential primary, Democrats in those states have recently raised the prospect that the democratic socialist could be a top-of-the-ticket liability.

Billionaire Michael Bloomberg rolls his eyes after being NAILED by Senator Elizabeth Warren on the unknown number of NDAs he's "consensually" made women sign.
The reduction of those delegates’ power was a major victory for the Democratic Party’s left flank, while many Democrats, regardless of ideology, believed it could help broaden the party’s appeal to young voters skeptical of centralized party power. Earlier this year, when a small group of DNC members began gauging support for a potential policy reversal to allow superdelegates to vote on the first ballot, DNC officials quickly dismissed the idea, and even proponents of a change acknowledged they could not get traction for it.

“There’s a whole operation going on, which is genius,” said one of the strategists, who is unaffiliated with any campaign. “And it’s going to help them win on the second ballot … They’re telling them that’s their strategy.”

It’s a presumptuous play for a candidate who hasn’t yet won a delegate or even appeared on a ballot. And it could also bring havoc to the convention, raising the prospect of party insiders delivering the nomination to a billionaire over a progressive populist.

[…]

If Sanders secures a plurality of delegates but loses the nomination on a second ballot, many moderate and progressive Democrats alike predict the national convention in Milwaukee would devolve into chaos.

[…]

Bloomberg’s effort comes as the prospect of a contested convention becomes less and less remote. That development is in part because of Bloomberg’s own late entry into the race. The billionaire former New York City mayor’s deluge of spending on television advertisements and campaign infrastructure put him into contention, while further muddling the Democratic primary field.

www.politico.com/…

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