Bloomberg Enters the 2020 Democrat Election Campaign
|After denying he would run for president, former New York City mayor Michael Bloomberg has changed his mind. Mr. Bloomberg announced in March he wouldn’t run for president because of the difficulty in winning the Democratic Party’s nomination. His adviser, Howard Wolfson, says Bloomberg just changed his mind out of concern that the current candidates may not be able to defeat President Trump, The Wall Street Journal reports Michael Bloomberg Preparing to Enter 2020 Democratic Race. Wolfson Statements Mr. Wolfson said Mr. Bloomberg was making preparations to appear on Alabama’s primary ballot. The filing deadline is Friday, and Alabama is one of 14 states holding contests on March 3, known as “Super Tuesday.” Mr. Bloomberg’s move toward running comes as some in the party—especially wealthy donors—grumble about the leftward lurch of the party, with U.S. Sen. Elizabeth Warren on the rise and former Vice President Joe Biden faltering in early states. Mr. Bloomberg had been a lifelong Democrat before joining the Republican Party prior to running for mayor in 2001. He left the GOP and became unaffiliated with any party when he flirted with running for president in 2008. He re-registered as a Democrat last year. “I believe I would defeat Donald Trump in a general election,” Mr. Bloomberg wrote. “But I am clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field.” Money Talks Bloomberg will have the finances to run a campaign. I expect by Super-Tuesday he will be high enough in the polls to qualify for the debates. With the increasingly radical ideas of Elizabeth Warren, Bernie Sanders, and Pete Buttigieg, Bloomberg has a point. Democrat front-runner Elizabeth Warren may well be the only person Trump could beat. If only Bloomberg could figure out which party he is really in.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.