From WSJopinion: Michael Bloomberg’s presidential candidacy, like Tom Steyer’s, shows the limits of the influence of money in politics, writes HolmanJenkins
By Holman W. Jenkins, Jr. Nov. 12, 2019 6:53 pm ET Michael Bloomberg is not going to be president, but he is a sane liberal with an interesting election strategy—albeit also a strategy likely to turn the White House into ashes in his mouth in the unlikely event he were to win .
Conceivably Joe Biden could be knocked out, creating an opening for Mr. Bloomberg to become the moderate savior. An alternative keyhole he could sneak through is a crowded contest that lasts all the way to a brokered convention, when the audience to be influenced by his billions would shrink to a few thousand delegates and superdelegates.
I could be wrong, but Mr. Bloomberg would likely be the first to scoff at the idea that any of this might happen. Indeed, it’s not clear why Mr. Biden wouldn’t welcome Mr. Bloomberg’s tens of millions of spending to reinforce Mr. Biden’s own message about his ultraliberal rivals’ unaffordable plans and unelectable demeanors. Mr. Bloomberg is not going to unlimber his wallet to savage Mr. Biden . Mr. Bloomberg doesn’t want to be remembered for helping Elizabeth Warren to the nomination and Mr.
If you want to see how far a president can get without a such a true base of support in the electorate, make Mike Bloomberg chief executive. Then again, Mr. Trump is hardly positioned to deliver much of a second-term agenda either. Apart from questions of style, nose-holding voters might find themselves choosing between two billionaires who serve the same basic purpose: to keep socialism at bay for another four years in hope the Democratic Party’s woke fever will burn itself out by 2024.
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