Published: Wed, March 06, 2019
Worldwide | By Isabel Fisher

Former NY Mayor Bloomberg to forgo 2020 White House bid

Former NY Mayor Bloomberg to forgo 2020 White House bid

Former New York City Mayor Michael Bloomberg announced Tuesday that he won't run for the Democratic presidential nomination in 2020 and will shift his focus to combating climate change and gun violence.

"I believe I would defeat Donald Trump in a general election". His pro-business positions and support for stop-and-frisk policing as mayor of NY would also have come under scrutiny.

In an editorial for Bloomberg News - the media company Bloomberg owns - he said he was "clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field".

The news that Bloomberg was expected to keep intact his powerful political operation is likely welcome news for Democrats, who face the hard task of unseating an incumbent president. "More importantly, he was pushing an agenda that has little support in the Democratic party and even less outside the Democratic party". And numerous 2020 Democratic presidential nomination contenders have expressed their strong support for the measure. It was then he announced he was rejoining the Democratic Party.

"I've come to realize that I'm less interested in talking than doing", he added.

"I'm fortunate enough to be in a position to devote the resources needed to bring people together and make a big difference", wrote Bloomberg, a billionaire who has launched campaigns on issues including gun control and climate change.

Any path to the nomination for Bloomberg would have been complicated by the entry of former Vice President Joe Biden, another moderate, into the race. His announcement column indicated a concern that "the primary process [could] drag the party to an extreme that would diminish our chances in the general election and translate into 'Four More Years'".

Bloomberg previously considered running for president in 2016 as an Independent but ultimately chose to endorse and campaign for Democratic nominee Hillary Clinton.

He spent more than $100 million to help Democrats in the 2018 midterm election.

He served for 12 years as mayor of NY, a position that made him one of the most powerful politicians in America.

Bloomberg also said that he said he would rather spend the two years leading up to the next inauguration working on projects for actionable change. Trump tweeted in response: ""'(Crooked) Hillary Clinton confirms she will not run in 2020, rules out a third bid for White House.' Aw-shucks, does that mean I won't get to run against her again?

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