Ending months of speculation, Michael Bloomberg announced today that he will not run for president in 2020
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Ending months of speculation, Michael Bloomberg announced on Tuesday that he will not run for president in 2020.posted to his eponymous new site. “But I am clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field.” In the editorial, the former New York City mayor called Trump “a threat to our country,” and emphasized the need to nominate a Democratic candidate who could beat him in the general election., a former Republican himself, also castigated Congressional Republicans, whom he says have “failed—and are still failing—to fulfill their constitutional duty to hold the president accountable.”
Even without running, Bloomberg will likely influence the race. In January, he obliquely criticized the possible candidacy of Howard Schultz, the billionaire founder of Starbucks, saying that “the great likelihood is that an independent candidate would just split the anti-Trump vote and end up re-electing the president.”
Moreover, he plans to spend $500 million of his own money to defeat Trump, adding to the $100 million he spent on behalf of Democrats in the 2018 midterms. Bloomberg is worth an estimated $55.6 billion; he placed ninth onIn lieu of running, Bloomberg will devote the next two years to a new initiative, Beyond Carbon, “a grassroots effort to begin moving America as quickly as possible away from oil and gas and toward a 100 percent clean energy economy.
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