Bloomberg Enters the 2020 Democrat Election Campaign

-edited

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

  • “Mike believes that Donald Trump represents an unprecedented threat to our nation.”
  • “Mike is increasingly concerned that the current field of candidates is not well positioned” to win
  • “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.”

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.

Mike "Mish" Shedlock

Comments (60)
No. 1-17
Jojo
Jojo

If he really wants to help defeat Trump, Bloomberg should run as a republican alternative to Trump! He might beat Trump outright or if nothing else, siphon off votes from Trump, thus helping the Dem candidate.

abend237-04
abend237-04

I think that's a good read on Bloomberg's problem winning on a national ticket: The typical red state reaction will be:Who the hell are you, again? I'm out here in flyover country and, for forty years now, you've had a great run schlepping data to those grown wealthy by closing the factory where I worked for years and sending the jobs to China...for cheaper gadgets for you and your customers. No, thanks, if Trump's still on the ticket, I'll just vote for him again. He's consistent, and even if he's an obvious asshole at times, he's my asshole; you're not.

Tengen
Tengen

Be still, my beating heart. We knew this was coming after obnoxious TV personality Judge Judy publicly endorsed him recently. Bloomberg would be at home in the establishment wing of either party, he's as pro-elite as it gets.

Mish's statement about Trump's chances raised my eyebrows. I'm no fan of Trump but I have to think he's the clear frontrunner at this point. The only blue teamer who could take the wind out of his sails is Tulsi, but she's getting the Ron Paul treatment from her own party and they won't let her anywhere near the nomination.

A lot of people voted for Trump as a middle finger to the system and I have to believe they'll do so again. His failure to follow through on campaign promises is just a footnote. Unless an even more outrageous candidate comes along, he has the "screw you" vote in the bag.

Mish
Mish

Editor

Bloomberg does not want to help radical leftists

thimk
thimk

is this what politics have come down to ; the voting of the lesser of the 2 evils? don't expect much structural/functional change regardless of who wins.

Herkie
Herkie

I have been a democrat all my life so trust me when I say, he is not a democrat and his only possible reason to enter the race as a democrat is to draw votes from Warren. He is the Jill Stein of 2020.

5 Replies

Sechel
Sechel

Bloomberg is a by the issue man. He doesn't fit the mold of Republican or Democrat. To understand him you need to look at his positions across multiple issues. He's pro business but socially liberal

Stuki
Stuki

If he was "pro" any sort of meaningful "business," he would have run on an End The Fed ticket. He won't. Hence isn't.

He is, like Trump and the rest of the idiotocracy, no doubt "pro" the kind of childish play-office, makework-for-negative-value-add-dilletantes, pretend-"business" which is enabled by The Fed's and Government's rapacious theft from real, productive, value adding business; by way of unconstrained financialization and debasement driven wealth transfers to The Coalition Of The Dumb And Useless; though. Very little doubt about that.

KidHorn
KidHorn

Hell likely draw in more Biden voters than Warren Voters.

Casual_Observer
Casual_Observer

Exactly. This is actually where most of the country is - socially moderate-liberal and fiscally conservative. He doesn't fit in either party. I think he would have had more success as an independent but its too late for that. I think had Schultz and him been able to form an independent ticket early enough to get on the ballot in all 50 states, they would have easily won the presidency. We are stuck with the worst winners of this two party system until someone does enough planning to mount an independent presidency ticket that could win.

Quatloo
Quatloo

You guys have him pegged wrong. Bloomberg is, like David Brooks, Donald Trump, Hilary Clinton, or George W Bush, a big government social conservative. He is NOT a social liberal—he wants government to control your life—whether you can drink soda, own a gun, or smoke. He believes government should be able to ‘stop and frisk’ anyone who is a minority or otherwise suspicious looking.

He believes government is the solution to every problem. In other words, a typical politician.

Sechel
Sechel

Bloomberg was talked out of running when Biden got in but worries Biden can't win the Democratic nomination and is at risk of fumbling the football before crossing the one yard line. Bloomberg does not want another four years of Trump.

Bloomberg poses a serious threat to Trump. For one he's truly successful in the private sector, was a successful mayor my most metrics, is thoughtful and understands the issues.

His negative are that he's not made it a secret where he stands on the issues. He's pro business and bank something that the progressive can't stand and he's pro gun-control something people on the right are largely against. I imagine he's now of the opinion that the Democrats will understand the big picture is to beat Donald Trump and he's probably also gambling that independents and moderate Republicans will also back him.

And contrary to Donald Trump , Bloomberg was known as bringing professionalism and good management to the city of New York. He would do the same in Washington.

George Phillies
George Phillies

Thank you for mentioning which party he was running with. Early press coverage omitted this detail.

Stuki
Stuki

You'd think there is at least SOME democrats, who are comfortable with neither Warren's straight up and obvious insanity, nor with electing an old Leninist whose first act as President, seem as likely as not, to be nodding off for good. On The Button.....

Bloomberg at least doesn't flaunt his inelectability by wearing it prominently as a badge of honor. I suspect he is far and away the biggest threat to Trump for that reason.

Anyone even remotely actively informed, self defined "Republican", won't vote for him though. On account of his all encompassing, totalitarian, gun grabbing obsession alone. But some of those guys may not have the stomach to vote for Trump, neither. Instead either sitting home, or voting for some Independent, Libertarian, or some such which may pop up.

If he does win, we may get to see whether the old Militia Movement managed to raise their kids well. Or if they failed at that, too. Like they have done at virtually all else, since about the days of Jefferson.

Wtrbfflo
Wtrbfflo

“Democrat front-runner Elizabeth Warren may well be the only person Trump could beat.”

Surprised by this comment by you, Mish. As of right now, nobody can beat Trump. If the economy implodes or if the impeachment “inquiry” succeeds somehow then it will be a different story. Bloomberg has no chance against Trump.

ElPendejoGrande
ElPendejoGrande

The clown car was looking a little empty with Beto gone.

Yancey_Ward
Yancey_Ward

Bloomberg being in the race will just ensure Warren winning the nomination at this point. Bloomberg's support will largely come out of the hide of Biden. Bloomberg needed to be in the race 6 months ago- a late entry is pointless in his case since he has near zero name recognition among the normal population (not political junkies like you and I).

Casual_Observer
Casual_Observer

Bloomberg would pull away the wall street vote. The Democrats are dumb if they lose this election. There wont be an easier candidate than Trump to beat unless they go hard left and force the folks in the middle to not vote for anyone or reluctantly vote for trump. Bloomberg is the best option for the Dems who are sane (not the far left)

KidHorn
KidHorn

Without Bloomberg, the democrats had no chance of winning because of their agenda. They had a chance of winning in spite of their agenda. Not Trump could win. Now Bloomberg gives them a chance of winning because of his agenda.

I think he can win the nomination. I think his biggest obstacle is the DNC clearly wants a female nominee.

Country Bob
Country Bob

This says a lot more about the decrepit state of the Democrat party than it does about Bloomberg. Bloomberg doesn't have a snowflake's chance in hell. But looking at yet another crook (Biden) and the mental patients (all the others) apparently the Dems have realized they are handing Trump another victory.

Let's not talk about how Bloomberg treated women in his Wall Street info business. Lets also not talk about Bloomberg's radical anti-gun platform that already failed everywhere except radically left leaning big cities.

Let's talk about his time as "mayor" of NYC...

Let's talk about how he abandoned NYC when storm Sandy hit, fleeing to his palace in a gated community in Bermuda. When the phone rings in the White House at 2am (ha ha!!), do you want it to just keep ringing 'cause Bloomie flew off to Bermuda again?

Let's talk about the fact that Wall Street was completely rebuilt within a few months of storm Sandy, but more than a year afterward storm debris on Staten Island (part of NYC for those who don't know, like Bloomberg himself apparently) had not been touched (forget about rebuilding, not even storm cleanup was finished). Bloomie was all undone because the NYC marathon runners might have tripped on the storm debris he neglected. Eventually, the marathon had to be canceled because the residents (aka voters) of Staten Island humiliated him for his neglect.

Parts of Queens and Brooklyn (two other boroughs in NYC) also hadn't been cleared of debris a year later, but Staten Island was so bad it made national news. The TV show "This Old House" was doing repairs in Queens a year and a half after the storm.

Bloomberg essentially bought the mayorship, and mostly he "won" because radical left wingers similar to DeBlasio were the opposition.

The idea that Bloomberg thinks he stands a chance is absurd. Besides alienating women and gun owners, which are both big voting blocks -- Bloomberg proved is his actions that he doesn't care about the people he is supposed to represent.

Who cares about empty promises, his actions (or lack thereof) speak much louder.

Tom Steyer already proved a billionaire nutcase cannot buy the whole country. Bloomberg will have trouble getting New Yorkers to forget about his post-Sandy negligence. Bring on the next clown

SleemoG
SleemoG

I will end this pointless discussion once and for all.

Bloomberg is Jewish. There will never be a Jewish President of the US.

Disclaimer: I am Jewish, so shove your accusations of bigotry you know where.

RB2
RB2

Little Mike, indeed -a real leftist in billionaires clothing.