Wednesday, 20 November, 2019

Just what we need: Another billionaire Democratic candidate

Leah Millis  Reuters Leah Millis Reuters
Patty Aguilar | 10 November, 2019, 08:58

Bloomberg, the former New York City mayor who is one of the country's richest men, has his own vulnerabilities, such as his support for stop-and-frisk policing and charter schools, and his criticism of Warren in particular over her positions on progressive taxation and trillions of dollars in new spending, which are popular on the left.

Bloomberg himself has called prominent Democrats to alert them to his likely run, and his staff is scrambling to meet fast-approaching primary filing deadlines.

Bloomberg, 77, has told associates that he intends to run, and if he backed away from the race now it would represent an abrupt reversal that would recall his past flirtations with a presidential bid.

"Mike is increasingly anxious that the current field of candidates is not well positioned to, quot; beat Trump, Howard Wolfson said in a statement".

It also points to Biden's steady lead in SC and Nevada, the latter two of the four early state primaries, which have a far more diverse electorate than both Iowa and New Hampshire.

He continued: "He's not going to do well, but I think he's going to hurt Biden actually".

Mr Biden, campaigning in New Hampshire on Friday, welcomed Mr Bloomberg to the race. Former attorney general Eric Holder and former MA governor Deval Patrick have quietly had conversations with supporters urging them to consider a run, but neither appears likely to get in the race.

Bloomberg is a former New York City mayor and opened the door on Thursday to a late-in-the-game run for the party's presidential nomination. He doesn't need voters to like him - he just needs them to hate Trump.

"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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"With regard to Michael Bloomberg, I welcome him in the race", Biden said.

His renewed flirtation with a White House run comes just months after he ruled it out. A source close to the former mayor told Axios that the billionaire is reportedly willing to "spend whatever it takes to defeat Donald Trump".

Trump predicted Friday his fellow longtime New Yorker is "not going to do well" but suggested his candidacy would be most damaging to former Vice President Joe Biden, another moderate.

Bloomberg announced earlier this year that he would not seek the Democratic nomination.

However, Michael Gray, the chairman of the Arkansas Democratic Party, said Mr Bloombergs wealth could make him an important wild card in the race.

He led an effort to create a technology campus on Roosevelt Island in New York City as a joint effort between Cornell University and the Technion-Israel Institute of Technology in Haifa.

Still, his advisers acknowledge his late entry to the race could make competing in states like Iowa and New Hampshire, which have been blanketed by candidates for almost a year, difficult.

In February next year, primaries and caucuses or state-by-state votes, will be held to pick a Democratic presidential nominee.

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