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Posts Tagged ‘Michael Bloomberg’

Michael Bloomberg’s Failed Ad Blitz Reminds Us Advertisers Don’t Force People to Do Anything | Mises Institute

Posted by M. C. on March 7, 2020

Voting errors are unforced!

https://mises.org/power-market/michael-bloombergs-failed-ad-blitz-reminds-us-advertisers-dont-force-people-do-anything?utm_source=Mises+Institute+Subscriptions&utm_campaign=ed8fcb5bf8-EMAIL_CAMPAIGN_9_21_2018_9_59_COPY_01&utm_medium=email&utm_term=0_8b52b2e1c0-ed8fcb5bf8-228343965

Ryan McMaken

Michael Bloomberg dropped out of the Democratic Party’s primary this week, but not before he spent more than $500 on political advertisements. According to Bloomberg (the news service, not the man),

Through Friday [Feb 21], he’s spent $505.8 million on broadcast, cable, radio and digital ads, according to Advertising Analytics. That’s an average of $5.5 million a day since he officially became a candidate.

It’s also $190 million more than all of his active Democratic rivals combined, including billionaire hedge-fund founder Tom Steyer, have spent on political ads.

This all netted Michael Bloomberg a whopping twenty-seven delegates. That’s more than $18 million per delegate. This means Bloomberg didn’t even succeed in becoming a spoiler or a kingmaker at the Democratic convention this summer.

In short, the failed Bloomberg ad blitz serves as a helpful reminder that advertising doesn’t actually make people do anything. Ads on YouTube and TV—even when they are released in a veritable torrent as Bloomberg’s ads were—are not enough in themselves to convince people to vote for someone.

We saw a similar issue during the 2016 election, when Hillary Clinton outspent Trump 2 to 1. Indeed, among so-called outside groups (such as super PACs), “Pro-Clinton ads outnumbered pro-Trump ads 3 to 1—a mind-numbing 383,512 ads for Clinton compared to 125,617 supporting Trump.”

This isn’t to say that having $500 million lying around for advertising makes no difference. It may be that if Elizabeth Warren had had that sort of advertising budget, she might have been able to compete better with Bernie.

But the fact remains that if an advertisement asks a person to take some sort of action—whether it’s buying Acme zit cream or voting for Michael Bloomberg, that action has to be something that the person targeted by the ad is open to doing. That is, the person being asked to buy or vote must have been already “conditioned”/”brainwashed”/”socialized”/”educated” in such a way that the advertisement’s request for action seems like a good thing.

[RELATED: “Advertisers Aren’t as Powerful as We Think,” by Ryan McMaken]

Often, ads simply stand no chance of succeeding because they’re not addressing what the target audience is inclined to desire.

Ludwig von Mises realized this long ago and noted,

It is a widespread fallacy that skillful advertising can talk the consumers into buying everything that the advertiser wants them to buy. The consumer is, according to this legend, simply defenseless against “high-pressure” advertising. If this were true, success or failure in business would depend on the mode of advertising only. However, nobody believes that any kind of advertising would have succeeded in making the candle makers hold the field against the electric bulb, the horse drivers against the motorcars, the goose quill against the steel pen and later against the fountain pen.

Examples of this phenomenon abound. In recent years, for example, we’ve seen articles on how so-called Millennials are uninterested in buying what the funeral industry is selling. That is, expensive coffins and funerals are highly profitable for funeral homes, but fewer people under fifty are interested in buying. They want less-profitable cremations. So, the funeral industry has had to change the way it does business. But this raises a question: why should the funeral industry change anything? Why not just run a bunch of advertisements telling people to buy $20,000 coffins? Then surely everyone will buy them, right?

But that’s obviously not how it works.

And then there’s the story of the American waterbed industry. Many people over forty may still remember the time in the 1980s when all the cool kids had waterbeds. But then they fell out of favor and waterbed stores collapsed in a heap of irrelevance during the 1990s. But why did the waterbed merchants allow that to happen? Why didn’t they just run a bunch of advertisements telling people to buy waterbeds?

People do what advertisers tell them to do, right?

After all,  we’re told that “Russian hackers” with some targeted online ads — many of which were little more than low-budget unsophisticated memes — “swayed” the 2016 election and somehow turned Hillary voters into Trump voters.

The next time a modern-day McCarthyite insists that the 2016 election was stolen by Russian memes, let’s keep in mind that with $500 million, Bloomberg couldn’t manage to convince more than a few voters to vote for him instead of for Joe Biden, who apparently thinks he’s running for the US Senate.

So, let’s just chalk up the failed Bloomberg campaign to yet another case of how all the ads in the world won’t convince people to buy a product—or vote for a candidate—they don’t like, don’t want, and generally regard as useless.

 

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RECKONIN’ Revolution in Virginia – My Corner by Boyd Cathey

Posted by M. C. on March 3, 2020

https://boydcatheyreviewofbooks.blogspot.com/

Friends,

Back on February 3 I offered an essay on the “Revolution in Virginia… Foretaste of What is to Come for us All.” That essay was edited a bit and picked and published by Dr. Clyde Wilson’s web site, Reckonin.com, and I pass it along to you today. Given what has happened in the once-traditional “Old Dominion State,” and is now occurring in states like North Carolina and Georgia—with the infusion of millions of Leftwing dollars (via George Soros, Mike Bloomberg, etc.) into state politics, and the organization of revolutionary cells and pressure groups (not to mention the nearly complete domination of the media by extreme Leftist opinion-makers)—citizens in Red states need to know about—let’s call it what it is—the “subversion” by dedicated and well-financed radicals to seize power in those states.

I hope to be treating this topic in the future as well.

RECKONIN’

Revolution in Virginia

http://reckonin.com/boyd-cathey/revolution-in-virginia

By Boyd D. Cathey     2/22/2020

My friend Al Benson has recently authored a series of short but critical essays chronicling what has happened and is happening in the Old Dominion State after the radicalized “woke” social justice warriors—flush with campaign cash from George Soros and Michael Bloomberg—now have taken control of that state’s government. Several columns have addressed the incremental attempts by the new Democratically-dominated Virginia House of Deputies and Senate to place onerous restrictions on gun ownership—attempts which produced a major opposition rally of more than 22,000 citizens against those actions on January 20.

One of his columns, “The French Revolution Comes To The Old Dominion” (February 2, 2020), compares what is happening there to the French Revolution and the revolutionaries who instigated it. Opposition to their designs and actions was swept away by violence and the guillotine.  “By the time the Illuminists got through with their reign of terror in France, the country was ready for a Napoleon and it got one…. [Governor] Red Ralph Northam and his socialist cohorts in Richmond want to give the Old Dominion an encore.”

Despite the groundswell of rejection, the Virginia legislature is proceeding with an agenda which not only encompasses the first steps in what may prove to be comprehensive gun control, but also a panoply of progressivist measures that range from releasing violent criminals from prison (just as New York state has done, with very bad consequences), to essentially abortion on demand, to placing restrictions on free speech (or, euphemistically, “banning hate speech,” as they call it). And there is more assuredly which will come.

If this sounds like something imported from California, you would be correct. As Benson details, not only Bloomberg and Soros, but California leftist hedge fund billionaire Tom Steyer has pumped millions into Virginia politics, even as far back as 2017 (“Red Ralph? Then There Are the Gun Nuts,” January 10, 2020). Steyer, of course, is running for president, a long-shot in the upcoming Democratic primaries. An elitist, archetypical Deep State corporate capitalist insider, Steyer has been using his hedge fund lucre to propagate his vision of a utopian socialist America—and the Old Dominion State is just his latest target.

But among other targets—traditionally “red” states and constituencies—Virginia is not alone. Arizona, Texas, Colorado, and, yes, North Carolina all figure in this effort by Leftist billionaires at employing millions of dollars (ill-gotten or otherwise) to sway an unobservant and pliant electorate. Such is, to paraphrase the brilliant essayist Henry Adams a later-day scion of the Adams family, “the degradation of democratic dogma,” the final absurdity of “democracy” reduced to its ultimate lowest common denominator. Or, as Southern Regionalist writer Donald Davidson described it: “Democracy, a fuddled wench/Is bought from tousled bed to bed./Bass voices in white vests defile/The echoes of great voices dead.” (Davidson, “The Tall Men”)

Consider North Carolina: Already initiatives are underway to do in the Tar Heel State what is occurring in neighboring Virginia.  Benson recounts (“The Sleeping Giant Is Waking Up In North Carolina,” January 13, 2020) that gun-rights activists have begun to recognize this and organize in some counties and municipalities.

Also, in recent months, several progressivist counties in the state (i.e., Mecklenburg, Wake, Buncombe, Orange, Durham, and Forsyth) have declared themselves to be “sanctuary counties” when it comes to ICE enforcement, and several Democratic sheriffs (notably in Wake and Mecklenburg counties) refuse to recognize Federal illegal immigration detainers.

And just within the past week Judicial Watch documented that “the Guilford and Mecklenburg county boards of elections are in violation of the National Voter Registration Act (NVRA)”: both counties—both of which are liberal bastions—have far more registered voters than voting-age citizens:

As of January 4, Mecklenburg County had 736,168 voter registrations while Guilford had 358,960. The problem is that the Census Bureau estimates that Mecklenburg County only has about 693,740 voting-age citizens while Guilford County only has about 371,190. In other words, Mecklenburg County has more registered voters than they have voting-age citizens and Guilford County has an improbably high voter registration rate of 97 percent.

North Carolina’s General Assembly currently has a Republican majority in both the House of Representatives and Senate, but repeated activist court decisions regarding voter ID and redistricting, not just on the congressional level but also for state legislative seats, in all likelihood put that in jeopardy in the November 2020 elections. (See, Ray Nothstine, “Judicial activism strikes again over voter ID law, NC Capitol Connection, January 2020, vol. 12, no. 1).

The import of all this clearly is that the frenzied left continues its unceasing and vigorous efforts to use and mold “democracy” and the democratic system in ways that, in effect, destroy it…or demonstrate what in its American manifestation it has in reality become. For the full, desired “democracy” of our social justice warriors is incompatible with true liberty, and as Russell Kirk writes in The Conservative Mind, leads to dictatorship.

Al Benson’s description, “The French Revolution Comes To The Old Dominion”–and to the rest of America–is entirely apposite.

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Stop, Question, and Frisk – LewRockwell

Posted by M. C. on February 26, 2020

The reality is that race and other behavioral characteristics are correlated, including criminal behavior. That fact does not dispel the insult, embarrassment, anger and hurt a law-abiding black person might feel when being stopped by police, being watched in stores, being passed by taxi drivers, standing at traffic lights and hearing car door locks activated or being refused delivery by merchants who fear for their safety in his neighborhood.

I’ll add that even if the police, intimidated by leftists, are not doing their job to safeguard black residents in high crime communities, that doesn’t mean that black people should not organize to take independent measures to protect themselves.

https://www.lewrockwell.com/2020/02/walter-e-williams/stop-question-and-frisk/

By

Before former New York City Mayor Michael Bloomberg threw his hat into the 2020 presidential race, he defended the New York Police Department’s use of “stop, question and frisk” policing. At a United States Naval Academy’s 2019 Leadership Conference, Bloomberg said, “We focused on keeping kids from going through the correctional system … kids who walked around looking like they might have a gun, remove the gun from their pockets and stop it.” He claimed that as a result of his policy, New York’s murder rate fell from 650 a year to 300 the year he left office.

In the cases of Terry v. Ohio, Sibron v. New York, and Peters v. New York, the U.S. Supreme Court, in 1968, granted limited approval to officers to stop, question and frisk, even though they lacked probable cause for an arrest, if the officer believed the subject to be dangerous. The Court’s decision made suspicion of danger to an officer grounds for a “reasonable search.”

The stop, question and frisk policy has taken on racial overtones because most of the people stopped are black men. Let’s look at the numbers. Last year, NYPD data showed that 93% of suspects arrested for murder were black or Hispanic. Ninety-six percent of those nabbed in shootings were also minorities. Eighty-eight percent of New York City’s homicide victims were black or Hispanic as were 96% of shooting victims. While these percentages have been roughly the same for decades, New York police have brought the absolute number of crimes, including homicides, way down from its 1990 peak at 2,245 to 289 homicides in 2018. Since blacks and Hispanics are the major victims of homicide, as a result of the NYPD’s proactive response to crime, possibly tens of thousands of blacks are living today who would otherwise be dead.

For a law-abiding black person to be stopped, questioned and frisked — in a word or two, be racially profiled — is truly insulting. However, to analyze the policy, let’s look at the origins of racial profiling or any other kind of profiling. First of all, policemen are neither mind readers nor are they equipped with X-ray vision. That means good policing requires learning how to use an easily observed physical characteristic as a guess or proxy for some other difficult-to-observe characteristic. Thus, the reason people profile is that information is costly and they seek methods to economize on information costs. One way to do that is through profiling.

The reality is that race and other behavioral characteristics are correlated, including criminal behavior. That fact does not dispel the insult, embarrassment, anger and hurt a law-abiding black person might feel when being stopped by police, being watched in stores, being passed by taxi drivers, standing at traffic lights and hearing car door locks activated or being refused delivery by merchants who fear for their safety in his neighborhood.

Former New York Mayor Michael Bloomberg is a politician in pursuit of his own agenda. President Donald Trump is also a politician in pursuit of his own agenda. Both will deny their support for and talk down the policy of stop, question and frisk in an effort to curry favor with black voters. Most Bloomberg and Trump supporters don’t live under the horrible conditions that so many blacks live under in high crime cities like Baltimore, St. Louis, Chicago and Detroit. Black people must ask what needs to be done to stop criminals from preying on them and making so many of their communities economic wastelands. If stop, question and frisk can contribute to that goal, so be it. They need not listen to politicians, academics, talking heads on the news and others.

I’ll add that even if the police, intimidated by leftists, are not doing their job to safeguard black residents in high crime communities, that doesn’t mean that black people should not organize to take independent measures to protect themselves.

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Michael Bloomberg Proposed Ban on Baby Formula as NYC Mayor

Posted by M. C. on February 19, 2020

Ironically, a 1997 lawsuit filed against Bloomberg and his company alleged that he told an employee who disclosed her pregnancy to him that she should “kill it” in order to protect her career at his firm.

Progressives looking out for you.

Because you are too dumb to take care of yourself.

This tells you something about the American Academy of Pediatrics.

 

https://www.breitbart.com/politics/2020/02/18/nyc-mayor-michael-bloomberg-proposed-ban-baby-formula/

by Dr. Susan Berry

As New York City mayor, Michael Bloomberg demanded that mothers breastfeed their babies and insisted hospitals keep baby formula under lock and key.

In 2012, the current Democrat presidential candidate created the “Latch On” initiative, which exerted control over a mother’s decision on how to feed her baby.

The Daily Mail reported at the time:

Mayor Bloomberg has demanded that hospitals stop handing out baby formula to persuade more new mothers to breastfeed their babies.

The New York City health department will monitor the number of formula bottles being given out and demand a medical reason for each one.

More than half of the city’s hospitals agreed to institute the Latch On program. Subsequently, those hospitals ended the practice of distributing free bags of formulas and baby bottles to new mothers.

With the support of the American Academy of Pediatrics, the campaign was presented as a health initiative for both mother and baby.

“With this initiative the New York City health community is joining together to support mothers who choose to breastfeed,” said Thomas Farley, city health commissioner.

WTVR reported Bloomberg defended the initiative, claiming it would make people healthier.

The proposed ban on baby formula arrived soon after another one on sugary drinks in large containers to control obesity. In 2008, Bloomberg also banned trans-fats in city restaurants and demanded menus display calories contained in each food item.

“Most of the public health officials around the country think that this is a great idea,” Bloomberg said of the baby formula initiative. “I gather that the immunities that a mother has built up get passed along to the child, so the child is healthier.”

However, some mothers complained about the campaign.

“It’s up to the mother to choose what’s right for her and her child,” said Lisa Tacy, according to WTVR. “I don’t think the government should be doing anything to prevent the mom from being a mother and making her own decisions.”

Ironically, a 1997 lawsuit filed against Bloomberg and his company alleged that he told an employee who disclosed her pregnancy to him that she should “kill it” in order to protect her career at his firm.

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Erie Times E-Edition Article Democrats stumble out of the gate in presidential voting

Posted by M. C. on February 6, 2020

…and a carnival of unintended consequences.

This could be any government project.

George Will may be a warparty Buckley acolyte but he does understand government.

http://erietimes.pa.newsmemory.com/?publink=1a2a73160

George Will

The progressive party’s Iowa caucuses were a hilarious parody of progressive governance – ambitious, complex, subtle and a carnival of unintended consequences. The party that promises to fine-tune , from the production of wealth to the allocation of health care to the administration of education, produced a fittingly absurd climax to what surely was Iowa’s final strut as a national distraction.

Like a toddler trailing a security blanket across Iowa, Elizabeth Warren clung to identity politics with a fervor that suggested desperation and defied caricature.

Eventual autopsies of her campaign, and perhaps of the Democrats’ presidential hopes, should ponder this promise to Iowans: For the purpose of “restoring integrity and competence to government,” she will have “at least 50 percent of Cabinet positions filled by women and nonbinary people,” and a “young trans person” will vet her secretary of education candidates. In the Democrats’ ideological auction, Warren bested Pete Buttigieg who, in what counts in today’s Democratic Party as Solomonic centrism, promised only that half the members of his Cabinet will have two X chromosomes.

Four days before Iowa Democrats stumbled into futility, Bernie Sanders revealed to The New York Times the genesis of his socialism. Never mind the gulags, famines, Venezuelas and other wreckages, socialism is justified because the Dodgers decamped from Brooklyn to Los Angeles after the 1957 season when Sanders was 16. The Times says “perhaps no single event has proved more enduring in Mr. Sanders’ consciousness – more viscerally felt in his signature fury toward the 1 percent.” Well.

In 1955, the Dodgers, with six future Hall of Famers, won the World Series but had an average attendance of just 13,423, barely better than Major League Baseball‘s worst-drawing 2019 team (Miami, 10,016). In 1950, St. Louis, the western-most major-league city, had teams and Los Angeles had none. In Sanders’ cartoonish understanding of reality, his explanation of everything he finds objectionable – other people’s “greed” – explains the loss of what he still considers his eternal entitlement to the Dodgers being in Brooklyn.

Never mind that many of the Dodgers’ fans left Brooklyn, as did today’s senator from Vermont who, by the way, when playing a like-minded rabbi for a film said that he despises “free agency crap” – the unionized players’ hard-won right to negotiate terms of employment with teams of their choice.

Substituting indignation for information, Sanders’ baseball nostalgia is akin to his claim that the average worker “is not making a nickel more” than 45 years ago. The nonpartisan Congressional Budget Office says that from 1990 to 2016 the average household’s inflation- adjusted income after taxes and government transfers increased 46 percent, and 66 percent for households in the bottom quintile.

Fortunately, there is something comparatively serious in America’s political future. Super Tuesday, aka March 3, will allocate 1,357 delegates, 68 percent of the total needed to nominate. They will come mostly from (never mind American Samoa and Democrats abroad) 14 states that include five that the nominee will lose in November (Alabama, Tennessee, Arkansas, Oklahoma, Utah), three that he or she will win (California, Massachusetts, Vermont), five competitive ones (Maine, Minnesota, North Carolina, Virginia, Colorado) and one (Texas) that might be competitive if the nominee is neither Warren nor Sanders.

If a few early states must initiate the nomination process, they should be unlike Iowa, which has a population just 14 percent larger than in 1960, compared with North Carolina (130 percent larger), Georgia (169 percent), Texas (203 percent), Colorado (228 percent) and Florida (334 percent).

Michael Bloomberg, however, is giving a glimpse of another alternative – a national primary, or several regional primaries. His spending – $250 million on television and internet ads in two months; approximately what Anheuser-Busch has spent advertising beer in the same period – will demonstrate either the steeply declining utility of political dollars or the manageable challenge for ordinary candidates to raise large sums from small donors in a nation that spends $8 billion a year on potato chips.

Meanwhile, like startled pheasants flushed from an Iowa cornfield, the surviving Democratic aspirants have fluttered away. The silliest candidates have disappeared (remember Beto O’Rourke?

didn’t think so) and Iowa has at least clarified the Democrats’ clashing theories: Americans are angry and hankering for more turmoil (Warren, Sanders), or Americans are embarrassed and exhausted by today’s politics of obnoxious noise (everyone but Warren and Sanders).

Sanders and Warren find billionaires distasteful, and neither they nor their woker-than-thou supporters will graciously accept a rising Bloomberg, so Iowa was just a sample of the Democrats’ coming self-inflicted wounds.

President Donald Trump’s smiles usually look strained, like grimaces out of context, but perhaps not today.

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Reports: Eric Holder Considers Jumping into 2020 Presidential Primary

Posted by M. C. on November 8, 2019

The guy that gave weapons traceable back to US dealers to Mexican drug cartels in order to boost gun confiscation.

And people will vote for him.

https://www.breitbart.com/

Matthew Boyle

Former U.S. Attorney General Eric Holder is again considering running for the Democrat nomination for president in 2020 after previously ruling out a run, a move that comes as former New York City mayor Michael Bloomberg has filed presidential primary paperwork in Alabama signaling he may be a late entrant to the race.

All of this comes as speculation builds that former Secretary of State Hillary Rodham Clinton, the failed 2016 Democrat presidential nominee, may run again in 2020 as well.

Holder did very publicly flirt with running in 2020 before, even making the rounds to travel to some early presidential states for key speeches, but he ultimately announced earlier this year he would not run. In March 2019, he came out and said he would not be running in 2020 and that he planned to instead focus his efforts on redistricting efforts.

But now, given how weak the rest of the Democrat presidential field is in 2020, and with other top talent showing that the water is definitely still warm, Holder appears to be reconsidering and thinking about getting into the race after all.

Washington Post columnist Eugene Robinson reported late Thursday evening that Holder has been discussing a late entrance into the crowded Democrat field with a handful of close advisers and political consultants:

The news that Holder is reconsidering his decision to bow out on 2020 comes as Bloomberg has filed paperwork in Alabama,…

Holder’s coverup of documents on behalf of Obama, who asserted executive privilege to withhold the information from Congress, led to him being the first-ever and only sitting Attorney General of the United States to be held in contempt of Congress. The U.S. House in 2012 voted Holder into both civil and criminal contempt of Congress over the Fast and Furious scandal, just one of many scandals that plagued Holder’s Department of Justice.

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Left-Wing Billionaire Michael Bloomberg: Raising Taxes on Poor People Is a “good thing.”

Posted by M. C. on May 23, 2018

Taxes are a cost of business. All taxes filter down to the lowly consumer, rich or poor.  All taxes affect poor people.

Having a billionaire’s covey of tax lawyers and accountants helps keep the load on you and me.

https://www.atr.org/left-wing-billionaire-michael-bloomberg-raising-taxes-poor-people-good-thing

Americans for Tax Reform

Nanny-state-imposing left-wing billionaire Michael Bloomberg is now on video admitting how much he likes to raise taxes on poor people, calling such tax hikes a “good thing.” For years, Bloomberg has personally funded and promoted all sorts of regressive taxes and regulations in an attempt to push people around. He uses the coercive power of the government to force people to live their lives as hesees fit.

So here is Bloomberg on stage with another global mandarin, Christine Lagarde of the International Monetary Fund. He refers to low income individuals as “those people” and then takes a shot at coal miners and the U.S. military. He clearly reveals his arrogant, bullying worldview. The entire thing is bad, but we’ve bolded a few of the most obnoxious sentences [click here for video]: Read the rest of this entry »

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