Raimondo to Endorse Billionaire Bloomberg for President

Bloomberg Set To Double Ad Spending, Expand Staff As Dem Primary Heats Up

Michael Bloomberg to double spending on TV advertising after Iowa debacle

Former New York City Mayor Michael Bloomberg has picked up the first endorsement of his campaign for president from a sitting governor.

Instead, Bloomberg is betting big on California. The debacle at the Iowa caucus - typically seen as an important arena for candidates to gain momentum - could work in Bloomberg's favor.

How so? By literally doubling what the AP calls the "already massive" amount he was planning to spend on ads, plus doubling his campaign staff to a total of about 2,100.

Democratic presidential candidate Mike Bloomberg, who recently rolled out his LGBTQ platform, is facing criticism after a 2016 video re-emerged this week, showing him using the term "man in a dress" to describe a hypothetical transgender woman.

The Bloomberg campaign has sought to cast doubt and diminish the ongoing early state contests.

Later, he added: "Those are old rules". Indeed, despite the fact that Bloomberg didn't campaign in Iowa, his name could be found in headlines about the mess: "Bloomberg may be big victor from Iowa debacle", for example, and "Why the Iowa caucus fiasco probably helps Mike Bloomberg".

The Mike Bloomberg 2020 campaign also announced that Raimondo will be a National Campaign Co-Chair.

Raimondo, the first sitting governor to back Bloomberg, has long said she too fears that left-leaning Democrats may struggle in a general election against Trump, who used part of his State of the Union address Tuesday evening to decry socialism.

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Ahead of the Iowa results, several allies of Mr. Biden suggested that Mr. Bloomberg was overdue for a closer examination from Democratic voters.

Strategists involved with the Bloomberg campaign told the Times that the billionaire has given his team permission to double campaign spending on television commercials in every market where he is now advertising.

Trump also has dismissed Bloomberg in a series of recent Twitter posts as "mini Mike".

The former NY mayor is running for president and spending millions on advertising.

Just as he did during his campaign swing in California, the advertisement tries to portray Mr. Bloomberg as the candidate who is best equipped to beat Mr. Trump in November.

Alluding to Mr. Bloomberg's past record of supporting invasive policing tactics, Mr. McEachin said, "He still has to answer for stop-and-frisk". Cesár Blanco, D-El Paso, previously supported the failed presidential bids of both Beto O'Rourke and Julián Castro.

Jennifer Medina reported from Compton, Calif., and Alexander Burns from Des Moines.

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