March 23, 2020
Michael Bloomberg has promised to transfer $18 million from his presidential campaign to the Democratic National Committee—boosting the party’s operations instead of forming his own super PAC, The Wall Street Journal reports.
The investment is aimed at strengthening the DNC’s battleground program, which comprises 12 states and is run in coordination with the state party committees According to NBC News, those states include Pennsylvania, Wisconsin, Michigan, Florida, North Carolina, Arizona, Georgia, Texas, Ohio, New Hampshire, Nevada, and Virginia.
Bloomberg also has offered to transfer the ownership of many of his field offices to state party committees, according to a Democratiic official, who said that the former New York City mayor’s contributions would help speed up their hiring for positions in organizing, data and operations.
The multimillion-dollar boost to the party’s field organizing program could serve as a major asset to the Democratic nominee, the Journal says. Former Vice President Joe Biden is leading the delegate count and has struggled to amass a large campaign war chest. Senator Bernie Sanders is still in the race, but Biden’s campaign is preparing to build out a larger staff for the general election while grappling with the new realities of campaigning during the coronavirus pandemic.
President Donald Trump’s team has built a large campaign organization and is planning an extensive operation of field organizers and digital outreach to voters. Trump and the Republican National Committee had more than $225 million in the bank at the end of February.
Since he exited the race, Bloomberg’s advisers had been working on a way to absorb his campaign operations into an outside entity that would boost Biden. He said in the statement Friday they had ultimately decided to change course.
“While we considered creating our own independent entity to support the nominee and hold the President accountable, this race is too important to have many competing groups with good intentions but that are not coordinated and united in strategy and execution,” Bloomberg wrote in a memo to DNC Chairman Tom Perez that was made public Friday.
“The dynamics of the race have also fundamentally changed, and it is critically important that we all do everything we can to support our eventual nominee and scale the Democratic Party’s general-election efforts,” the former New York City mayor said.
Indeed, Bloomberg’s contribution to the DNC will be the largest transfer from a presidential campaign in recent history, the Journal notes.
“With this transfer from the Bloomberg campaign, Mayor Bloomberg and his team are making good on their commitment to beating Donald Trump,” Perez said in a statement. “This will help us invest in more organizers across the country to elect the next president and help Democrats win up and down the ballot.
Research contact: @WSJ