Bloomberg spent extensively as mayor of New York. He gave massive sums to nonprofit organizations and arts groups. He contributed enormous amounts in political donations out of his personal bank account. (Most politicians make political donations out of their campaign accounts or PACs.) He funded nonprofit organizations that boosted his policy agenda. When church groups or community organizations threatened to get noisy in opposition to him or his programs, he wrote checks that tended to quiet them down. (Top Democrats were known to tease black ministers who got only $25,000 for their churches, when peers who’d held out longer received $50,000—the deal was that these ministers didn’t have to support him, but if they wanted the checks to keep coming, they needed to stay neutral.) His company, Bloomberg LP, made many corporate contributions that lined up with his political interests. The money kept coming and coming and coming and coming. It broke logjams, and overcame institutional resistance. His money allowed him to drown out the opposition—and often made potential rivals hold their tongue. The timely and balanced budgets Bloomberg touted each year in PowerPoint presentations were enabled in part by spending cuts to groups that were then made whole again by the most transparent of anonymous donations. The money he spent led to fewer protests, and deals that were easier to make. . . . .
. . . . In short, the money Bloomberg spent in office helped him to be more popular and successful as mayor than he otherwise would have been. Much of this money can’t be tracked by the usual means of measuring funds in politics: campaign-finance disclosures.
Lots more at the Atlantic article link provided above ~
Is this Democracy?
Sounds like just another way of getting one's way.
Course even 60 Billion won't go far at the National level, will it?