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Former New York City Mayor and 2020 contender
Mike Bloomberg has already spent
$200 million on his campaign in advertisements alone. Bloomberg has been in the 2020 race for only about seven weeks, but his ad buys have almost surpassed the rest of the 2020 field combined. He will be spending an additional $10 million on a 60-second spot during the Superbowl and an additional $10-15 million in the run-up to the Superbowl.
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Tom Steyer, the former hedge fund investor turned impeachment activist, announced that he has spent
$141 million. Mr. Steyer positioned himself as a populist outsider, railing against corporate interests that he described as holding too much sway over the political system.
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Neither one of these two billionaires were able to spend their way into the presidential debates and it appears that all their money will not allow them to buy a seat in the Oval Office. Here are two smart guys with egos that apparently match the size of their bank accounts. Their efforts seem to be nothing more than Don Quixote jousting with windmills. In my mind, there is not a chance on Planet Earth that they will ever win the presidential race in Nov 2020.
This post is NOT about being on the left or the right, nor is it just about the USA. I am hoping that people focus on the vast sums of money being spent by candidates in a cause that has been lost before it ever got started. The sheer absurdity of spending this kind of money borders on lunacy.
I was reading a
story about a $100 million donation that will pay for all medical students tuition at NYU. This is what started me thinking about wasting this kind of money on a lost effort. After compounding interest this will allow the school to pay for all med students in the future.
Quote:
In a surprise announcement today, the New York University School of Medicine said that it will pay the tuition of all its students regardless of merit or financial need, becoming the first major American medical school to do so. NYU made the announcement at its annual White Coat Ceremony, where new students are presented with white lab coats to mark the start of their medical education.
“Thanks to the extraordinary generosity of our trustees, alumni, and friends, our hope—and expectation—is that by making medical school accessible to a broader range of applicants, we will be a catalyst for transforming medical education nationwide,” said Kenneth G. Langone, chair of NYU Langone Health’s board of trustees.
Together with his wife Elaine, Langone, who made his $3.5 billion fortune as a co-founder of Home Depot, has given $100 million to fund the tuition package.
It really is not important that these guys are Republican, Democrat or Independent. What is important that nobody seems to be talking about is the insanity of throwing these vast sums of money at lost causes. There are so many wonderful things that could be done with this money other than handing it over to corporate advertising executives on wall street.
Any thoughts