Michael Bloomberg Actively Prepares to Enter 2020 Presidential Race

Mike Bloomberg, the billionaire former mayor of New York, is preparing to enter the Democratic presidential primary, according to NBC News, which cited a Bloomberg advisor.

The move didn’t necessarily mean Bloomberg, 77, was announcing a campaign, a source close to Bloomberg told NBC News. Rather, this source said, he’s doing this to keep his options open. Bloomberg is “troubled” by what he has seen in the Democratic field, the source added.

“He’s still not sure,” a source told CNBC. This source also said these are “unprecedented times” and that Bloomberg is concerned about what he’s seeing both from Democrats and President Donald Trump.

Howard Wolfson, a top advisor to Bloomberg, released a statement acknowledging Bloomberg’s concern with the state of the race:

Mike believes that Donald Trump represents an unprecedented threat to our nation. In 2016, he spoke out at the Democratic Convention, warning against a Trump presidency. In 2018 he spent more than $100 million to help elect Democrats to ensure that Congress began to hold the President accountable. And this year he helped Democrats win control of both houses of the Virginia legislature. 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. If Mike runs he would offer a new choice to Democrats built on a unique record running America’s biggest city, building a business from scratch and taking on some of America’s toughest challenges as a high-impact philanthropist. Based on his record of accomplishment, leadership and his ability to bring people together to drive change, Mike would be able to take the fight to Trump and win.

Bloomberg has emerged as a force in Democratic politics, mostly because of his deep pockets. He spent more than $110 million backing Democrats during the 2018 congressional midterm elections. The gun control group he backs, Everytown for Gun Safety, spent $2.5 million in Virginia this year, helping the Democratic Party take control of the statehouse for the first time since 1994. Bloomberg earlier this year launched Beyond Carbon, a $500 million group that advocates for energy reform.

The National Rifle Association tweeted Thursday evening in response to the news of Bloomberg planning to enter the race: “Bloomberg bought Virginia on Tuesday and now he wants to buy America. His goal is to destroy #2A.”

NRA

@NRA

BREAKING: NYC billionaire Michael Bloomberg is “actively preparing to enter the Democratic presidential primary and is expected to file paperwork this week.”

Bloomberg bought Virginia on Tuesday and now he wants to buy America. His goal is to destroy .https://www.nytimes.com/2019/11/07/us/politics/michael-bloomberg-president-2020.html 

Michael R. Bloomberg, the former New York City mayor, in Manhattan last month.

Michael Bloomberg Is Expected to File for the Alabama 2020 Presidential Primary

Mr. Bloomberg is actively preparing to enter the Democratic presidential primary and is expected to file paperwork this week designating himself as a candidate in at least one state.

nytimes.com

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CNBC previously reported that he was prepared to spend at least $100 million if he ran for president.

Bloomberg had been a registered Republican and independent, as well as a Democrat. He re-registered as a Democrat a month before the party took back the House of Representatives in the 2018 midterms.

The New York Times reported Thursday, citing people briefed on the plans, that Bloomberg was working on…

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