Former Trump advisor, Steve Bannon, says that Michael Bloomberg is not interested in actually becoming the Democrats nominee, but to use his money and influence to wrest control of the party.
Speaking to Fox News’ Maria Bartiromo, Bannon said that Bloomberg is investing a small fraction of his fortune (Bannon says it is now $70 billion) in a “leveraged buyout” of the party, installing himself as the oligarch who calls the shots, including the selection of the candidate to win the presidency.
According to Bannon, with the addled and corrupt Biden faltering, Bloomberg is fighting a “holding action” to prevent Bernie Sanders from capturing the nomination and thus taking over the party and converting it into an explicitly socialist party.
Bannon says win (unlikely) or lose, a Sanders candidacy would hand leadership of the party to up and coming far-left socialist, Alexandria Ocasio-Cortez, who will be old enough to run for the presidency in the 2024 election. Bannon notes that she has become the face of the Sanders campaign in Iowa while he was tied up in the impeachment trial.
AOC, as she is known, is an unabashed socialist, who is intent on nationalizing the means of production and is therefore incompatible with Bloomberg’s intent to run the party and the country by financing its political campaigns and operating expenses with outlays that don’t strain his net worth but enable it to outspend the opposition.
Bannon revealed what he feels is Bloomberg’s “real plan,” when he asked during a recent interview with Bartiromo, “So you don’t think he wants to be president?”
Bannon responded, “Look, he knows he’s not going to beat Donald Trump. He knows he’s not going to win the nomination. He basically doing a leveraged buyout of the Democratic Party, is what he’s doing.”
He went on to say that Bloomberg’s goal is to “control the Democratic Party to select who their candidate is going to be and use his capital, OK, and organization and technology to defeat Trump. And that’s why this is very dangerous. Now you are seeing an oligarch actually step over, who has no chance at all to actually defeat Trump [himself] as a presidential candidate, do something that’s much more dangerous to this republic.”
If Bannon is right, and many on the right think that he is, he has just given America an “emperor’s new clothes” moment. We could be on the road to an outright sale of a political party to a plutocrat, and nobody else is willing to acknowledge it.