A Trump campaign source concedes that Bloomberg entering the race could pose a threat to the President, as Bloomberg is a fellow New York entrepreneur who is wealthier than Trump.
But the source says it could also be a good thing for Trump because Democrats would likely be preoccupied with taking Bloomberg down rather than focusing their fire on the President.
The source also says Bloomberg hasn't been battle-tested in the same way Trump has, so it remains to be seen if he can withstand the scrutiny that being in a presidential race brings."Let's see how well he can take a punch," the source says.Rather than an asset, Bloomberg's wealth could be considered a knock against him. Candidates like Warren and others have decried self-funding campaigns and run hard against the impact that money has in politics.
When Bloomberg considered a run earlier this year, a number of Democratic operatives told CNN they believed that a Bloomberg campaign would be doomed by the mayor's positions on policing, ties to Wall Street and the fact that he had spent much of his time in politics as a Republican and independent. But Bloomberg also would bring considerable strengths to a campaign, including his work on climate change and guns and the fact that he has spent millions on Democratic causes for years.
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