Bloomberg faces big challenges if joins 2020 US Presidential race

Cheryl Sanders
November 11, 2019

Bloomberg has repeatedly said he would not run for president but, after looking at the crop of candidates, made a decision to enter the race.

The billionaire media mogul, who has not formally confirmed his candidacy, filed the documents Friday to meet the deadline for submitting Alabama applications. Elizabeth Warren, D-Mass., center and South Bend Mayor Pete Buttigieg speak during a Democratic presidential primary debate hosted by CNN/New York Times at Otterbein University, Tuesday, Oct. 15, 2019, in Westerville, Ohio.

Bloomberg and his team are undeterred by the polling data they've conducted internally, which isn't strong, said a Bloomberg adviser who was providing context on the strategy. Commenting on Bloomberg's potential candidacy, the former vice president said he was not anxious the media mogul would draw away centrist voters.

"We now need to finish the job and ensure that Trump is defeated -- but Mike is increasingly concerned that the current field of candidates is not well positioned to do that", Bloomberg advisor Howard Wolfson said in a statement.

Warren, at the very least, seems to believe in Bloomberg's intentions to run, tweeting "Welcome to the race".

Alabama has one of the earlier ballot deadlines among primary states.

Part-time Bermuda resident and billionaire businessman Michael Bloomberg could mount a last-minute challenge in the Democratic presidential primary race.

The move is the first clear sign that Bloomberg, long touted as a possible United States presidential candidate, is getting ready to battle it out to take on President Donald Trump.

Bloomberg served as the Mayor of New York City twice as a Republican and once as an independent between 2002 and 2013.

On Israel, Bloomberg said he had "deep reservations" about the 2015 Iran nuclear deal, which the Trump administration withdrew from in May 2018, reimposing sanctions lifted under it, along with enacting new financial penalties against the regime.

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. "Michael is a solid guy and let's see where it goes".

Other experts said that while the billionaire has the cash to self-fund his campaign, his rich-man status will be a tough sell to the party's base, as Democrats have taken a hard leftward shift.

Bloomberg, the chief executive officer and founder of Bloomberg LP, has been a leading advocate and philanthropist on the issues of climate change and gun violence. "But as (Joe) Biden has declined in some polls, there is an opening for a moderate Democrat to gain from Biden's demise", West said, referring to the former vice president. "And there's a fear of that among Democratic donors who are more establishment - that they won't be able to be enthusiastic about that candidate".

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