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.
Read Full Article »
