Michael Bloomberg spent something north of $500 million on his 2020 presidential candidacy, only for the multi-billionaire to quickly drop out $500 million poorer. Bloomberg was hardly unique. He joined a long list of well-funded candidates whose war chests got them nowhere. Names like Phil Gramm, Jeb Bush, John Connally, and Tom Steyer similarly come to mind. Surely there are more.
It’s just a reminder that you can have a good to great track record, you can hire the best of the best campaign managers and consultants, but the money will prove worthless if you lack the message, style or the indescribable something that the electorate is looking for. Notable about what’s been written so far is that there’s nothing original or insightful about it.
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