Bloomberg probably just wasted half a billion dollars

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With Joe Biden’s campaign flailing and socialist Sen. Bernie Sanders looking like a strong bet to take the Democratic nomination, former New York City Mayor Michael Bloomberg, a multibillionaire, jumped into the contest late last year.

Although he had never run for office as a Democrat before, he brought with him three assets that party leaders could not overlook. First, he can fund his own campaign. Second, he can fund his own campaign. And third … wait, I bet you guessed it, I won’t say it.

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