Early 2020 Feud? Bloomberg Says He’ll Self-Fund, Brushes off Warren Criticism | NTK Network Early 2020 Feud? Bloomberg Says He’ll Self-Fund, Brushes off Warren Criticism

Early 2020 Feud? Bloomberg Says He’ll Self-Fund, Brushes off Warren Criticism

Is the White House “going to be something that’s one more plaything that billionaires can buy?” Warren asked an Iowa crowd earlier this month.

By NTK Staff | 01.14.2019 @11:45am
Early 2020 Feud? Bloomberg Says He’ll Self-Fund, Brushes off Warren Criticism

Former New York City Mayor Michael Bloomberg told a crowd of reporters in Austin, Texas this weekend that if he decides to run for president, he will finance the costly operation with his own money.

Though there’s little unusual about that fact, the issue of the ultra-wealthy self-funding their campaigns has become a target of criticism of Sen. Elizabeth Warren (D-MA), who recently criticized the practice at campaign stops in Iowa last weekend.

Bloomberg defended the practice, arguing he would not be beholden to wealthy donors and their interests:

“I ran three times. I used only my own money so I didn’t have to ask anybody what they wanted in return for a contribution,” Bloomberg said. “And, if I ran again, I would do the same thing. I think not having to adjust what you say and what you work on based on who financed your campaign is one of the things that the public really likes.”

He added: “I understand not everybody can be self-funded but those that can, I think, should.”

Warren, who has increasingly attempted to demonstrate her populist bona fides, railed against the wealthy running for office, claiming that it becomes “one more plaything” that the rich can buy.

Warren has already formed a presidential exploratory committee and generated excitement with a visit to Iowa last week. She asked recently: “Is this going to be a Democratic primary that truly is a grassroots movement that is funded by the grassroots and it’s done with grassroots volunteers, or is this going to be something that’s one more plaything that billionaires can buy?”

Warren said on MSNBC’s “Rachel Maddow Show” that Democrats should “link arms” and take grassroots funding. “No to the billionaires,” she said.

Bloomberg’s team defended him by arguing that he “did not grow up with privilege.” Another spokesperson said, “Mike has met Warren and was impressed by her.” Bloomberg did not mention Warren by name during his remarks.

Bloomberg told reporters an official announcement regarding his presidential ambitions will come in “another month or so.”

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