NEW YORK (JTA) — Michael Bloomberg will spend $80 million in an effort to help elect Democrats in the midterm elections.

The Jewish media mogul and former New York City mayor said his goal is to gain Democratic control of the House of Representatives, The New York Times reported on Wednesday.

“I’ve never thought that the public is well-served when one party is entirely out of power, and I think the past year and half has been evidence of that,” Bloomberg told The Times.

Republicans “have done little to reach across the aisle to craft…