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What Bloomberg’s $500m could have bought instead

The former New York mayor could have paid off student loans for 150,000 people or bought houses for 2,200 homeless people

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There wasn’t much good news on Super Tuesday for the more progressive wing of the Democratic party, save for one lesson: money on its own, mercifully, cannot, as of yet, buy an entire election.

That’s the lesson many drew from the failure of billionaire Mike Bloomberg, who had hoped spending a half billion sliver of his massive fortune on an ad buy and staffing a national campaign might make inroads against former vice-president Joe Biden for the battle of the centrists.

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Source: US Politics - theguardian.com


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