Newsdeck: Michael Bloomberg Decides Against Presidential Run in 2020 By Bloomberg
Bloomberg, 77, said he would put his resources into many of the initiatives he’s already involved in, including helping the country transition to renewable energy.
“It’s essential that we nominate a Democrat who will be in the strongest position to defeat Donald Trump and bring our country back together,’’ Bloomberg said in an op-ed published by Bloomberg Opinion. “We cannot 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.
Bloomberg has argued the country needs a competent and pragmatic chief executive with his kind of business and government experience who can get big things done, drawing an explicit contrast with Trump. He’s long supported issues popular among many Democrats, including gun control and mitigating climate change, and he spent more than $110 million in the 2018 congressional elections to help elect Democrats, according to figures provided by Bloomberg Philanthropies.
But Bloomberg has questioned positions popular with the party’s progressive wing such as Medicare-for-all and taxing the super-wealthy. He also faced questions about why a former Republican with a past career on Wall Street should be the standard bearer for a party that increasingly relies on a young, diverse base that is often skeptical of big business.
The former mayor had considered running for president as an independent in 2016. He ultimately decided a candidate outside the two major parties couldn’t win and endorsed Democrat Hillary Clinton. He’s joined other Democrats in criticizing former Starbucks chairman Howard Schultz for contemplating an independent bid in 2020, saying he would split the vote and likely help re-elect Trump. DM
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