Mike Bloomberg

Mike Bloomberg Invites Criticism from Democratic Hopefuls for Billionaire Status

in Politics

In the wake of the upcoming presidential elections, where many hopefuls are working hard to become the presidential face of their parties, some of them have actively been criticized both by the media and their fellow leaders. Today, the truth has been widely manipulated by various factors, with the policies listed by the hopefuls being the only way to know their competence and get support from the voters.

The voting results of the Iowa caucus and New Hampshire primary has brought shockwaves throughout the country as many presidential candidates, thought to have wide popularity amongst the voters, struggled to get the appropriate number of votes. The poor showings have brought internal and external criticisms for the candidates. Recently, Democratic hopeful Mike Bloomberg has become a source of criticism by other candidates, mainly because of his billionaire status.

The American politician and businessman is the co-founder, CEO, and majority owner of the New York based software company, Bloomberg L.P. Mike Bloomberg also served as the Mayor of New York City from 2002 to 2013. Following weeks of speculations, he officially launched his campaign for the Democratic Party’s nomination in November 2019.

Today, Mike Bloomberg is the ninth-richest person in the country and the 12th-richest person in the world with a net worth of approximately $61.8 billion. His wealthy status evoked huge criticism for him, when he listed himself under the lists of Democratic hopefuls as a late entry. On Thursday, the hopefuls blasted Bloomberg for trying to buy his way into the White House.

The Democratic hopefuls Elizabeth Warren and Joe Biden took the lead in attacking Bloomberg, after showing poor performances in the results of both the Iowa caucus and New Hampshire presidential primary elections. Several questions were raised upon Bloomberg’s commitments to racial equality.

Criticizing Mike Bloomberg, Biden in a statement said, “I don’t think you can buy an election,”, while Warren took Bloomberg to task for his 2008 comments that ending redlining, a discriminatory housing practice helped trigger the economic meltdown.

Biden also took the lead in criticizing Bernie Sanders for the Vermont senator won New Hampshire presidential primary and nearly tied with Pete Buttigieg in Iowa caucus voting results. Biden complained that Sanders did not explain as to how he plans to pay for his “Medicare for All” proposal to replace private insurance with a government-run program.

Meanwhile, the critics believe that the sudden involvement of Mike Bloomberg in the presidential race, while gathering public attention, would have been a difficult task, if he had not spent millions of dollars in advertisements. As he is now on the verge of being admitted into next week’s presidential debate, the lagging candidates are finding him as a potential competitor.

In order to prove her caliber and her stay in the presidential race, Warren raised $6 million in campaigning, giving the idea that the race is wide open from her side, despite a poor performance in Iowa caucus. Similarly, other hopeful Amy Klobuchar, who performed outstandingly in the New Hampshire this week, is actively preparing herself to face voters in Nevada on February 22. Meanwhile, Biden is preparing for his success in the February 29 South Carolina primary, which is the first race in a state with a significant black population.

It’s not only Mike Bloomberg, who is being actively criticized by other hopefuls. Klobuchar’s sudden rise in the New Hampshire primary has also invited new scrutiny from other presidential candidates, who are hoping to keep her away from taking their stance.

Latest from Politics

Go to Top