Bloomberg Running for President to Rebuild America

-edited

Michael Bloomberg officially announced his intention today to run for President as a Democrat.

The Democrat field officially expanded by one today as Bloomberg Says He Will Launch Democratic Presidential Bid.

Billionaire Michael Bloomberg’s late entry into the presidential race Sunday puts pressure on an already crowded Democratic field, with an essentially limitless budget at the former New York City mayor’s disposal that could further prolong the nominating contest.

Mr. Bloomberg, co-founder and the majority owner of financial data and media company Bloomberg LP, faces a tough path to the nomination given his late entry. But he has already invested tens of millions into his campaign, starting with a roughly $30 million ad buy for next week alone to introduce himself to voters. He has said he would self-fund his campaign and not accept any donations.

His advisers have also been building out his campaign staff, intending to focus on the delegate-rich Super Tuesday states, which vote on March 3. Many of the Democratic candidates have invested fewer resources in those states than in the first few nominating contests, in Iowa, New Hampshire, Nevada and South Carolina.

“I’m running for president to defeat Donald Trump and rebuild America,” Mr. Bloomberg said in a statement Sunday. “We cannot afford four more years of President Trump’s reckless and unethical actions. He represents an existential threat to our country and our values. If he wins another term in office, we may never recover from the damage.”

Asked for a reaction to Mr. Bloomberg’s announcement, Trump campaign spokesman Tim Murtaugh said simply, “Underwhelming.”

Video Campaign Kickoff

Unlimited Funding

It's nice to not have to raise money. That's what being worth over $50 billion means.

But please consider Democrat Debate Rules.

Debate Qualifications

  • Polling Threshold: To meet the Polling Threshold for the December Debate, candidates must meet either the “Four-Poll Threshold” (at least 4% in four party-approved polls) or the “Early State Polling Threshold” (6% in Iowa, New Hampshire, South Carolina, or Nevada).
  • Grassroots Fundraising Threshold: To meet the Grassroots Fundraising Threshold, candidates must submit a certification, executed by the candidate’s campaign Treasurer, by 11 A.M. on December 13, 2019, demonstrating that the campaign has received donations from at least (1) 200,00 unique donors; and (2) a minimum of 800 unique donors per state in at least 20 U.S. states, U.S. territories, or the District of Columbia.

If Bloomberg will self-fund his campaign he will not qualify for any debates.

Qualified for the December Debate

I hope Gabbard can stay in until the end. Hillary Clinton trashed Gabard which is reason enough to support Gabbard.

In case you missed the details, please consider Tulsi Gabbard is more well-known after Hillary Clinton took a jab at her, but also less popular.

In an October interview, Clinton described Gabbard as a "favorite of the Russians." She added: "They have a bunch of sites and bots and other ways of supporting her so far."

Gabbard offered a scathing response to Clinton's remarks, stating the former secretary of state is "the queen of warmongers, embodiment of corruption, and personification of the rot that has sickened the Democratic Party for so long."

If that's not enough reason to support Gabbard, what would it take?

Attacks on Gabbard are ridiculous led by Hillary Clinton's absurd Russia portrayals and also by the New York Times.

Tulsi Gabbard’s White Pantsuit Isn’t Winning

The New York Times commented Tulsi Gabbard’s White Pantsuit Isn’t Winning.

Yes folk, the NY Times devoted an entire article on Tulsi's white pant suit.

The lead in comment was "It leaves a chill."

Indeed, it does leave a chill, but on New York Times reporting and how far into the gutter it has sunken.

The DNC does not want Gabbard in the debates, and that is yet another reason to support her.

Warren is Slipping

Meanwhile, support for Elizabeth Warren is falling like a rock.

I suspect voters are looking at her monstrous tax-and spend proposal that are so looney even the Left cannot stand them.

The same thing is happening in the UK with Jeremy Corbyn's radical left agenda as the Tories Jump to Double Digit Lead in Every Poll.

Back to Bloomberg

It's unclear how Bloomberg will impact the Democratic race.

He has enough money to drum up support but that will not buy him an entry into the debates.

And if he takes votes from someone, will it be Biden?

We need to see more polls now that he is officially running.

Correction

Forbes has Bloomberg as the 9th wealthiest man in the world, worth over $50 billion. I originally posted a much lower number and left off a zero.

Mike "Mish" Shedlock

Comments (56)
No. 1-23
Sechel
Sechel

Bloomberg will be an interesting candidate. He's widely regarded as a successful mayor of America's largest city. As one of the richest Americans, all self made, he's clearly the better financial success. The downside is the average American isn't familiar with the former mayor's company and the false optics of Trump's financial success is easier to grasp even if the record is more modest and mixed.

Businesses and educated professionals will be a natural audience. On the left progressives are hostile because of Bloomberg's position on stop and frisk and pro bank position but this is confusing since Trump also supports stop and frisk. Bloomberg won't appeal to the right on gun control but his professional way of approaching government may appeal to a larger audience. And unlike Trump he's not all ego and is fact driven not gut driven.

I'm reminded that Bloomberg had poor odds when he first ran for mayor but overcame those odds. Don't count Mike out

Sechel
Sechel

Any polling now will be useless. Bloomberg just got in. Bloomberg's ads haven't hit. He's clearly betting it all on Super Tuesday since he's skipping the early caucus states.

0123
0123

Mike turned out to be a big-government mayor of NYC, taxes up, gov't and labor union employees up (they vote blue!), MTA in ruins, further underfunded pensions, schools worse, roads worse, hey but we NY got new bike lanes (on bad roads), stricter smoking restrictions, Citibikes taking away parking, foolish and slippery-slope restaurant-menu labeling, a moratorium on "large-size sodas" and if we'd kept him any longer, he'd have told everyone what else to do with their lives while making them pay higher taxes to fund his Big Brother style. Treating police and fireman almost as badly as De Blasio, the current even more horrible mayor. Mike can't even give a speech without reading notecards verbatim. Imagine him getting steamrolled by experienced debaters. No way and no thank you, as president. We need smaller government by and for the people not by and for Mike.

hmk
hmk

His only successful gun control program was stop and frisk. No other gun control program has succeeded in bringing down crime and the murder rate. Now he is apologizing for it. Nothing will ever please the radical left which consists of the majority of the democrats. Advocating strict gun control will alienate anyone normal. He even admitted that banning so called assault weapons is pointless as the total number of people murdered per year by all rifles is less than 400. Nonetheless he is still for banning them. Hard to reconcile that idiotic idea. Calling Trump an existential threat is also going to piss off a lot of people. That is a pointless statement if he wants to attract independents or Republicans. He would be better at focusing on any of his policy shortfalls like the trillion dollar deficits. He seems otherwise to be more of a conservative democrat. He spoke at my sons college graduation and scolded the snowflakes for being such big pussies. He basically told them to grow one instead of crawling into a safe spot and sucking on mommies teat. The real world is nothing like that and they need to get over it.

Mish
Mish

Editor

"Any polling now will be useless. Bloomberg just got in. Bloomberg's ads haven't hit. He's clearly betting it all on Super Tuesday since he's skipping the early caucus states."

For sure he preempted the caucus states. But that does not make the polls useless.

Rather, it will take a bit to see the impact.

In general, I side a Sechel here.

And if he starts polling 15%, will they let him in the debates?

Stuki
Stuki

Couldn't make up a more fitting General, in this by now fully financialized dystopia, than one between two self promoting New York Fed Welfare Queens. Both handed billions of dollars worth, by a central bank who stole it all by debasement, from the very Americans they now pretend they are going to "rebuild and make America great again" for.

Greggg
Greggg

With all that money Bloomberg has, he should have no problem buying all the super-delegates.

Jojo
Jojo

Wearing white after labor day violates fashion rules!

lol
lol

Rebuild America with trillions borrowed ( freshly printed )with cheap ass crap made in China lol, leave it the way it is ie the nicest bankrupt 3rd world banana republic ever.

Tengen
Tengen

I'd be really interested to hear why Bloomberg wants to defeat Trump so badly. I hope he pretends we're all children and explains it to us slowly, because I'm having enormous difficulty understanding what big issues separate these two.

It's especially difficult to understand what "existential threat" Trump represents. Is Bloomberg saying that rather than the Trump doctrine of fomenting unrest to foster regime change, he would do it the old fashioned way with US troops?

Stuki is right. They're both shady New York billionaires who want the Fed to ease forever and both of them slobber all over Israel and Saudi Arabia. Where is the difference, and what's galvanizing Bloomy here? Other than the rhetoric they offer to the great unwashed I'm not seeing it.

thimk
thimk

oh cool the battle of the billionaires. /s Tulsi is awesome MY name is Thimk and I approve this message.

Harbour
Harbour

Another rich old white man - Democratic Party complains but still holding on to status quo.

SleemoG
SleemoG

Did Bloomberg accept Jesus Christ as his lord and savior? Oh, no? Then there's no point in discussing this.

Helene84
Helene84

Mish, Tulsi only needs a few thousand new donors and one more qualifying poll to make the December debate. Send her a dollar if you want her on the stage.

Ted R
Ted R

He will take so many votes from the Democrats that Trump will win again. I hope Hillary jumps in to. A bloodbath for the Democrats.

Bill_Butlicker
Bill_Butlicker

Bloomberg News promising not to write anything bad about any democrat, because that would be unfair use of his media empire. But they will continue to write nasty things about Trump, including repeating the discredited Russia and Ukraine frauds -- well not the part about Biden soliciting and accepting bribes.

Bloomberg news claims they haven't thought about what would happen IF Bloomberg wins the democrat nomination... like they haven't thought about their own jobs ending in a year? Bloomberg can't easily sell his media group.

So Bloomberg news is implicitly repeating what they said last summer: Bloomberg News doesn't think Mike Bloomberg can win

Six000mileyear
Six000mileyear

If the DNC does not waive the campaign requirement for Bloomberg, then he could run as an independent and pull votes away from the Democrat's nomination. And if the campaign requirement is waived; then it must be waived for ALL remaining candidates who meet the polling requirements.

Bill_Butlicker
Bill_Butlicker

Even after being told outright that the comments section is dominated by DNC paid actors, Mish only bans conservative commenters. He got really mad when Country Bob pointed out the comments were DNC operatives -- and he banned Country Bob for daring to speak the truth, but Mish did not ban the left wing paid commenters.... so did Mish already know that his comments section is DNC propaganda? He was just angry that someone dared to point this out? Yeah, yeah, now I will be banned like all the other conservative commenters, but Mish will keep the left wingers. Nothing changes

SpeedyGeezer
SpeedyGeezer

Bloomberg says that Trump is the existential threat, but that's not what he thinks. Trump is a very vulnerable R candidate for 2020, but the current D field is so weak that the DNC is struggling to put up a winning candidate. Biden will implode over the coming months leaving moderate Ds with limited choices. So maybe Bloomberg can pick up some delegates. There seems to be a good shot of the Ds going to their convention without a first ballot nominee. Maybe Bloomberg could be a compromise choice in a brokered convention? He has a better chance to beat Trump than Warren, Bernie or Pete.

leicestersq
leicestersq

Bloomberg must really care about the American people as he has given so much of his money to good help ordinary people.

Oh wait.

Brother
Brother

When you are a democrat candidate the last thing you should do is a debate. Gavin Newsom refused all debates with the republican for Cal. governor. It made him appear way more moderate than he really is and he won.

WildBull
WildBull

Don't know much about Tulsi, but Biden is the only one that I do know about that isn't part of the looney left, as opposed to Biden, who is part of the Fascist/Corporate Crony left. At that, Biden wants to spend Trillions more. But, he wants to feed his rich buddies, so is less likely to tear everything to pieces. Warren and the rest are more like Corbyn in the UK. The left seems to believe as the central bankers do. If it hasn't worked so far, we need more of it. They drive themselves to be more and more radical.

Bill_Butlicker
Bill_Butlicker

Here is the problem Adam Schiff created: https://www.zerohedge.com/s3/files/inline-images/mrz112319-color-1-2-mb_orig.jpg