Ruddy: What Is Bloomberg Thinking?

Michael Bloomberg's campaign for president came to a screeching halt this past week.

Now, after spending $500 million in a failed bid to get a nomination of a party that wanted nothing to do with him, he has begun spending even more money to help that same party win the presidency.

Say what?

Yes. It gets worse.

Bloomberg is actually planning to spend $2 billion on the presidential race — to help the Democrat beat President Trump.

I have no doubt Bloomberg is an intelligent, savvy businessman. He  created a fortune of over $60 billion with an entrepreneurial spirit.

But Democrats have little respect for his business success, mirroring the current "democratic socialism" zeitgeist of the party.

So you have to ask yourself: What is Mike Bloomberg thinking?

In Las Vegas at his first debate appearance in February, Bloomberg looked like an alien from another planet.

Almost everyone attacked him.

Bernie Sanders condemned Bloomberg's aggressive "stop-and-frisk" policy while he was mayor, a policy that lowered crime rates across the board.

And Elizabeth Warren hammered him as "a billionaire who calls women fat broads and horse-faced lesbians."

And Biden himself has been a harsh critic of Bloomberg for "[bank's] redlining to stop-and-frisk to a whole range of other things."

Biden gave his official conclusion on Bloomberg, telling CNN's Anderson Cooper, "He's not a Democrat."

Of course, Biden is right.

Despite his extreme stance on gun control and climate change, Bloomberg is a moderate Republican.

During most of his 12 years as New York's mayor, Bloomberg served as a registered Republican.

And, as mayor, he kept taxes and spending under control and pushed a strong law-and-order police policy. Hardly the hallmarks of a Democrat.

On the Democratic debate stage, Bloomberg discovered that his opponents despise everything he is about — his very existence.

At one point, Bloomberg had to make a defense of capitalism. Indeed, a sad commentary on the state of the Democratic party today.

I get that Bloomberg doesn't like Donald Trump personally.

He opposes some of his policies.

He has distaste for President Trump's approaches and name-calling.

But I also have little doubt that Bloomberg and Trump agree on 70% of policy matters.

Meanwhile, Bloomberg has little shared policy space with his new Democratic friends.

So I ask you, what is Mike Bloomberg thinking?

Christopher Ruddy is CEO of Newsmax, one of the country's leading conservative news outlets. Read more Christopher Ruddy Insider articles — Click Here Now.