The sugar daddy of the gun control movement is opening up his wallet and spending some serious cash in the last few weeks before Election Day.
The New York Times reports that Bloomberg is giving an additional $80 million to various Democrat-affiliated groups, including a sizable donation to his own network of anti-gun organizations.
Mr. Bloomberg is particularly focused on ensuring a sizable Democratic majority in the House of Representatives, the chamber that Democrats are most hopeful of flipping and that he tends to focus on. Mr. Bloomberg’s autumn budget is similar to what he spent during the fall 2018 campaign, which his team sees as the gold standard for when he was able to make an impact politically.
According to the Times, Everytown is getting $24 million, which will be used to bolster the campaigns of several anti-gun Democrats running for seats in the House of Representatives. Howard Wolfson, who’s Bloomberg’s political advisor, says his boss wants Hakeem Jeffries to have a “governable majority,” and not just the bare minimum needed to take control of the lower chamber.
While Everytown is only getting a little more than a quarter of Bloomberg’s midterm spending, the other $56 million will also be spent pushing anti-gun candidates, though Wolfson says the billionaire is not “directing” any cash to candidates affiliated with the Democratic Socialists of America.
Wolfson (and Bloomberg himself) may be drawing a distinction between Democrats and Democratic Socialists, but that distinction doesn’t mean much when it comes to the Second Amendment. The gun control agenda of the Democrat Party’s establishment wing is just as radical as anything the DSA wing is pushing, and I doubt Bloomberg is losing much sleep over whether a candidate wants to ban so-called assault weapons because they’re a progressive Democrat or a card-carrying socialist.
Bloomberg’s latest spending spree comes at a time when gun control hasn’t exactly been dominating the campaign trail. Inflation, immigration, the economy, and the Trump administration have all been getting far more attention from candidates and voters alike, and a recent Pew Research survey showed Republicans are more fired up about gun issues than Democrats. Yet Bloomberg is still willing to spend tens of millions of dollars to help elect politicians who’ll be receptive to his demands once they’re in office.
When Everytown and its allies portray themselves as a grassroots movement of ordinary Americans demanding action on guns, remember where the bulk of their cash is coming from. The gun control lobby’s political power is heavily dependent on the deep pockets of one billionaire backer.
The money that Bloomberg is pouring into these campaigns can buy an awful lot of advertising, campaign staff, and get-out-the-vote operations. What it can’t buy is a mandate from voters to start treating a fundamental civil right as a privilege that politicians can ration or revoke. Money does matter in politics, and it’s an undeniable fact that pro-Second Amendment groups like the NRA are going to be outspent this cycle. Still, while a cash advantage is helpful, it’s not a guarantee of victory. Gun owners need to support pro-Second Amendment candidates and campaigns like the No On 9 effort in Massachusetts financially if they can, but even if that’s not possible sweat equity is appreciated and helpful in defending our right to keep and bear arms.
Editor’s Note: The radical Left will stop at nothing to enact their extreme gun control agenda and strip us of our Second Amendment rights.
Help us continue to report on and expose the Democrats’ gun-grabbing schemes. Join Bearing Arms VIP and use promo code FIGHT to receive 60% off your membership.
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55 Comments
Silver leverage is strong here; beta cuts both ways though.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
The cost guidance is better than expected. If they deliver, the stock could rerate.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
Nice to see insider buying—usually a good signal in this space.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
If AISC keeps dropping, this becomes investable for me.
The cost guidance is better than expected. If they deliver, the stock could rerate.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
If AISC keeps dropping, this becomes investable for me.
Good point. Watching costs and grades closely.
The cost guidance is better than expected. If they deliver, the stock could rerate.
If AISC keeps dropping, this becomes investable for me.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
Exploration results look promising, but permitting will be the key risk.
Nice to see insider buying—usually a good signal in this space.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
Nice to see insider buying—usually a good signal in this space.
Good point. Watching costs and grades closely.
Production mix shifting toward USA might help margins if metals stay firm.
Good point. Watching costs and grades closely.
Interesting update on Bloomberg’s Last-Minute Anti-Gun Spending Spree. Curious how the grades will trend next quarter.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
Exploration results look promising, but permitting will be the key risk.
Good point. Watching costs and grades closely.
Uranium names keep pushing higher—supply still tight into 2026.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
The cost guidance is better than expected. If they deliver, the stock could rerate.
I like the balance sheet here—less leverage than peers.
Good point. Watching costs and grades closely.
Uranium names keep pushing higher—supply still tight into 2026.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
I like the balance sheet here—less leverage than peers.
Nice to see insider buying—usually a good signal in this space.
Good point. Watching costs and grades closely.
Exploration results look promising, but permitting will be the key risk.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
I like the balance sheet here—less leverage than peers.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
Nice to see insider buying—usually a good signal in this space.
Good point. Watching costs and grades closely.
Silver leverage is strong here; beta cuts both ways though.
Good point. Watching costs and grades closely.
If AISC keeps dropping, this becomes investable for me.