Bloomberg's big spending struggles to sway election outcomes
His only win during a short-lived Democratic bid for the White House was in the territory of American Samoa. Yet after dumping $1.1 billion into his campaign, he waited until September to follow through on his vow to spend big to unseat Trump. The showing could raise questions about Bloomberg's ability to use his vast financial resources to sway politics in the future. Bloomberg advisers say it's unfair to blame him for not doing enough to help Biden in Florida. Democrats lost seats in the House on Election Day and failed to flip statehouse chambers they had targeted.