2. The assumption is that Bloomberg's ego & checkbook can & will keep him in well beyond viability, soaking up attention & playing for a contested convention. Maybe. If he does plausibly tonight, sure. But far from certain.
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3. One, to the extent that Bloomberg is running for ego, there's a point beyond which getting publicly humiliated is not worth it. He's rich & famous enough that he can still get a megaphone without absorbing more of that.
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4. Two, Bloomberg didn't get to be a multibillionaire by throwing good money after bad. If he thinks the campaign is going nowhere, he'll stop.
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5. Three, the theory of his campaign is that stop-Bernie needed a savior. But if the anti-Bernie faction largely consolidates behind Biden, Bloomberg loses both a motivation and a rationale.
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6. Bloomberg is not going to drop out just to serve the cause. He's in this for himself. But he's not John Kasich, either. He has a different set of incentives. He knows that he bet heavily on today, & if that fails, his reasons to *want* to stay in start drying up.
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7. If NY was sooner, that would be an easier case to sell himself on. Ohio was a month closer to Super Tuesday in 2016.https://twitter.com/jimgeraghty/status/1234973025092562944 …
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8. All this depends on the circumstances. Could be quite different if Bernie has a massively good night. But I'm telling you not to be surprised if Bloomberg folds his tent by the weekend.
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I think you’re right.
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I hope you’re right. Strat devoting his impressive energy and resources to something productive, like registration, anti-suppression and turnout efforts in WI, MI, GA, FL, PA, CO, AZ, etc.
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If he is a business man, even though he has money to burn, he may want to cut his losses.
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