Michael Bloomberg Won't Run For President

Michael Bloomberg Won't Run For President

Bloomberg also contributed $100 million in the 2018 election cycle to support Democrats.

A NY politician with ten times the personal wealth of Donald Trump will not run against him for president.

Acknowledging the difficulty of competing in an increasingly crowded and competitive Democratic primary, former New York City Mayor Michael Bloomberg will not be running for president in 2020, he said in a post on Tuesday. In an op-ed about his decision, Bloomberg was bullish about his chances to defeat Trump in a general election but raised concerns about winning the nomination in a crowded primary.

According to a recent Morning Consult poll of the 2020 field, Bloomberg was the favorite of 2 percent of Democratic primary voters, and just one percent in the early primary states. He spent millions of dollars previous year helping Democrats retake control of the U.S. House of Representatives in congressional elections and has invested in advocating for sweeping gun-control laws.

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Spanish artist Cristina Iglesias and Chief Executive Officer of media company Bloomberg Michael Bloomberg (R) are seen at the launch of Bloomberg's new European Headquarters in the City of London on October 24, 2017. But because the 2020 Democratic field is so large, there was a chance "I might never win the Democratic nomination".

"Bloomberg, the former New York City mayor who joined the Democratic Party a year ago to crusade against President Trump, has decided not to challenge Mr. Trump as a candidate in the 2020 election", reports the New York Times. "We can not allow the primary process to drag the party to an extreme that would diminish our chances in the general election and translate into 'Four More Years'". He said he believed change was more likely to occur outside Washington than by the Capitol and the White House.

Bloomberg is expected to play an active role in the 2020 election from the outside. He's working with several top advisers to former President Barack Obama, including David Plouffe, the architect of Obama's 2008 campaign, data guru Dan Wagner and Mitch Stewart, Obama's battlefield-states director.

Bloomberg said he would devote his efforts and funding to causes such as to climate change and gun control, issues he called "urgent", and suggested that he could make a bigger impact by not running for the Democratic nomination.

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