Former New York City Mayor Michael Bloomberg gave $250,000 to the super PAC supporting Sen. Lindsey Graham, (R-S.C.) in the primary battle he won by a wide margin last month, a source familiar with the donation told POLITICO.
The donation is set to be revealed in financial filings made public Tuesday by the West Main Street Values PAC, the source said.
The donation is the second Bloomberg has made in recent months to a Republican incumbent facing tea party unrest. Last month, filings showed that Bloomberg donated $250,000 to a super PAC supporting Sen. Thad Cochran (R-Miss.) in the rancorous primary with state Sen. Chris McDaniel.So what is going on here? Obviously, Bloomberg doesn't just donate money because of a sense of civic duty. He wants (or will want) something. Since Bloomberg hates the private ownership of firearms, and Graham sits on the Senate Judiciary Committee, it is not hard to imagine what favor Bloomberg will ask. Cochran is on the powerful Appropriations Committee, so Bloomberg's support of him is no big mystery either.
However, there may be something else going on here. Part of the Democratic elite helping part of the Republican elite against the Tea Party faction. What scares Republican and Democrat leadership alike about the Tea Party is that it is a populist movement seeking restoration of a balance of power between the individual, the State, and the Federal government, and is an enemy to crony-capitalism ("socialism" or "business as usual" as it is generally called). The leadership of both parties are scared of having their power and influence curtailed, and the billionaires are scared of having to make money by exercising business acumen instead of rigging the rules in their favor.