- "Mike is increasingly concerned that the current field of candidates is not well-positioned to beat Trump."
- The Democratic camp, now with 17 candidates, has been converging on four names, according to recent polls.
- Bloomberg opposes a proposed tax on billionaires, which would pay for programs ranging from universal health care to free college education.
Michael Bloomberg, the former New York mayor, is considering running for the Democratic Party nomination for the United States presidency in 2020. According to a spokesman, the billionaire is concerned about the direction that the race is taking, particularly regarding the current frontrunners. Former Vice President Joe Biden is seen as being too moderate, whereas Sens. Bernie Sanders (I-VT) and Elizabeth Warren (D-MA) are seen as very radical, per his opinion.
Michael Bloomberg, the media mogul and philanthropist, who initially served for three terms as mayor of the largest city in the United States, is skeptical that any of the current Democratic candidates will defeat President Donald Trump in next year’s general election, his spokesman Howard Wolfson said in a statement. “Mike is increasingly concerned that the current field of candidates is not well-positioned to beat Trump,” Wolfson said in a statement.
Bloomberg, 77, is due in the course of this week to present his documents for the Democratic presidential primary in Alabama, which requires registration well in advance. That would keep the billionaire philanthropist’s options open for a possible White House bid.
The Democratic camp, now with 17 candidates, has been converging on four names, according to recent polls: Senators Warren and Sanders, who represent the party’s progressive wing, and former Vice President Biden and Mayor Pete Buttigieg of South Bend, Indiana, representing the most moderate wing.
Bloomberg, chief executive of Bloomberg LP, was mayor of New York from 2002 to 2013, and has served as one of the leading advocates and philanthropists on issues of climate change and gun violence. “If Mike runs, he would offer a new choice to Democrats built on a unique record running America’s biggest city, building a business from scratch, and taking on some of America’s toughest challenges as a high-impact philanthropist,” Wolfson said. “Mike would be able to take the fight to Trump and win,” he added.
Bloomberg has always been opposed to Sen. Warren’s plan to impose a billionaire tax, if elected president, to fund programs ranging from universal health care to free college education. If Bloomberg eventually becomes a participant in the race, he would likely compete with candidates like Biden and Buttigieg as a moderate alternative to Warren’s populist progressivism.
Bloomberg, whom Forbes ranks as the eighth richest American, with an estimated fortune of $53.4 billion, would be able to fund his own campaign, perhaps allowing him to grow rapidly in the race. Aged 77, Bloomberg would be the second oldest candidate among the Democratic competitors, only younger than Sanders, who is aged 78. Joe Biden is aged 76; Warren is 70. The Republican, President Donald Trump, is aged 73 years old.
The Iowa caucuses, which is the first nominating contest as per the Democratic primary calendar, is scheduled to take place on February 3.