Published: Wed, March 06, 2019
Global News | By Blake Casey

Bloomberg Won’t Run for President in 2020

Bloomberg Won’t Run for President in 2020

Acknowledging the difficulty of competing in an increasingly crowded and competitive Democratic primary, former New York City Mayor Michael Bloomberg will not be running for president in 2020, he said in a post on Tuesday.

"I'm a New Yorker, and New Yorkers know a con when we see one", Bloomberg said in his 2016 speech.

Instead, Bloomberg said he planned to focus his energy and considerable resources on outside efforts aimed at defeating President Donald Trump, as well as on combating climate change and addressing gun violence.

Bloomberg has toyed with a presidential run before as an independent but re-registered as a Democrat previous year and spent recent months courting primary voters as a political centrist. "But I am clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field", the businessman said in an opinion column on the Bloomberg media platform that he owns.

Bloomberg and Steyer's decisions to stay out come as more 2020 Democrats denounce money in politics. Sen. Howard Schultz, the billionaire former chief executive of Starbucks, is considering a run as an independent despite a fierce backlash from voters who fear he will peel off Democratic votes and help re-elect Trump.

Bloomberg spent months weighing a White House run, traveling to early voting states and building a team of experienced political advisers.

Some of Bloomberg's past policy positions while NY mayor could have also proved problematic.

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Former Vice President Joe Biden speaks at the Chuck Hagel Forum in Global Leadership, on the campus of the University of Nebraska-Omaha, in Omaha, Neb., Feb. 28, 2019.

The former mayor blasts President Donald Trump and reiterates that he believes Trump to be a "threat to our country", but he emphasizes that Democrats must nominate someone "who will be in the strongest position" to beat him and that the primary season can't drag Democrats to the "extreme".

Bloomberg is expected to play an active role in the 2020 election from the outside.

"As I've thought about a possible presidential campaign, the choice before me has become clear", Mr Bloomberg in a 1,400-word article outlining his thinking.

Rather than running, Bloomberg said he would use his massive personal fortune - estimated at more than $50 billion - to launch a new climate change push, Beyond Carbon, with the goal of moving the nation away from fossil fuels and toward clean energy sources.

He spent more than $100 million to help Democrats in the 2018 midterm election. It was then he announced he was rejoining the Democratic Party.

"Many people have urged me to run".

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