BERN NOTICE: Bloomberg's Record Defending The Billionaire Class

The billionaire has pushed Social Security cuts, opposed the minimum wage, defended Wall Street execs, enacted a racist "stop and frisk" program -- and bankrolled Republicans.

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At the Clark County Democrats event last night, Bernie delivered a speech arguing that to defeat Donald Trump, “we are going to have to bring the working class of this country back into the Democratic Party.” He noted that our campaign is already having great success doing just that — and he also argued that the record of billionaire Michael Bloomberg “will not create the energy and excitement we need to defeat Donald Trump.” Click here to watch a video excerpt of the speech.

Here is a brief review of some of Bloomberg’s record that Bernie alluded to in Nevada last night:

BLOOMBERG ADVOCATED FOR AND ENACTED RACIST POLICIES LIKE “STOP AND FRISK”: The New York Times reported that “Bloomberg’s policing record negatively impacted huge swaths of people of color...the racial disparities in its enforcement were jarring. Of 575,000 stops conducted in 2009, black and Latino people were nine times as likely as white people to be targeted by the police (even though, once stopped, they were no more likely to actually be arrested). In 2011, police officers made about 685,000 stops; 87 percent of those stopped were black or Latino.”

BLOOMBERG HAS OPPOSED RAISING THE MINIMUM WAGE: In 2015, Bloomberg declared: “I, for example, am not in favor, have never been in favor, of raising the minimum wage." Bloomberg also vetoed living wage legislation — and then sued to block it when his veto was overridden.

BLOOMBERG HAS PUSHED SOCIAL SECURITY CUTS: In early 2012, Politico reported that Bloomberg floated cuts to entitlement programs — “those cuts, said Bloomberg, would include slowly decreasing benefits or raising the eligibility age for Medicare and Social Security, and increasing co-pays on Medicaid.” Later that year, Bloomberg published an oped declaring that “entitlement cuts being discussed are both less than what I and many others believe are necessary.”

BLOOMBERG DEFENDED WALL STREET EXECS AFTER THE FINANCIAL CRISIS & BLAMED THE CRISIS ON BANKS NOT BEING ABLE TO REDLINE: In 2011, Bloomberg slammed Occupy Wall Street protestors, saying that bankers were “struggling to make ends meet.” He added: “We spend much too much time worrying about how we got into problems as to how we go forward...Also we always tend to blame the wrong people. We blame the banks.” The Associated Press additionally reported that “At the height of the 2008 economic collapse, then-New York Mayor Michael Bloomberg said the elimination of a discriminatory housing practice known as “redlining” was responsible for instigating the meltdown.”

BLOOMBERG SLAMMED THE IDEA OF MAKING BILLIONAIRES PAY MORE IN TAXES: In 2012, Politico reported that Bloomberg said that Democratic initiatives to raise taxes on the very wealthy in New York City would be “about as dumb a policy as I can think of.” He went on to defend the super rich, saying: “If you want to drive out the 1 percent of the people that pay roughly 50 percent of the taxes, or the 10 percent of the people that pay 70-odd percent of the taxes, that's as good a strategy as I know.”

BLOOMBERG HAS SUPPORTED AND BANKROLLED REPUBLICANS: Politico reports that “(Bloomberg) endorsed George W. Bush’s 2004 reelection campaign, contributed to John McCain and even held a fundraiser for a House GOP member as recently as last year. And that’s not all. Beneficiaries of his largesse include former Sen. Orrin Hatch (R-Utah), a vigorous Trump defender, and Senate Appropriations Chairman Richard Shelby of Alabama...Bloomberg has contributed to Sen. Susan Collins (R-Maine), and Independence USA, a super PAC he funded, spent money to elect Republicans such as Sen. Pat Toomey of Pennsylvania.” The New York Times reported that “political committees funded by Mr. Bloomberg (delivered) more than $17 million to boost Republicans…he has also sunk money into Republican primaries on behalf of McConnell allies. They include Senator Lindsey Graham of South Carolina — Mr. Bloomberg helped Mr. Graham in 2014 by giving $250,000 to a PAC supporting him.”

New York magazine’s Eric Levitz summarized the situation: “Allowing a Wall Street tycoon to win the Democratic nomination by leveraging his personal fortune to outbid all of his rivals for top-shelf campaign staff, and inundate the airwaves with an unprecedentedly exorbitant blitzkrieg of paid messaging, would deprive Democrats of what has long been their chief electoral asset: the perception that their party is less beholden to the rich than the GOP.”

Bern after reading,