Democrats, think twice before you bet on a billionaire of your own

Some Democrats believe former New York City Mayor and billionaire Mike Bloomberg is the party's moderate savior: a New York businessman well-positioned to take on and defeat Trump, also a former New York businessman -- and a dangerous and unchecked would-be dictator sitting in the White House. However, Democrats are mistaken if they believe the best way to stand up to Trump -- an oligarch who now effectively owns the GOP -- is a matchup with another billionaire able to drown out his opponents through ad spending. The concept of a Bloomberg candidacy provides the best evidence of the damaging influence of money in politics, and the need for America to publicly fund its elections.