Bloomberg Says He’s Not Running For President, But Announces a Different Campaign

Michael Bloomberg says he will not run for the US presidency next year

Michael Bloomberg says he will not run for the US presidency next year

Former New York City Mayor Michael Bloomberg confirmed Tuesday afternoon that he will not run for the White House in 2020; ending months of speculation on whether the billionaire businessman would take on President Trump in the coming months.

Bloomberg, who was first elected mayor of NY as a Republican, opted out of a growing field of Democratic candidates. He said he believed he "would defeat Donald Trump in a general election" but that he was "clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field". He predicted the Green New Deal would fail to pass in the Senate, but declared that "Mother Nature does not wait on our political calendar, and neither can we".

Bloomberg flirted with a presidential run before, but as an independent.

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". "We can not allow the primary process to drag the party to an extreme that would diminish our chances in the general election and translate into 'Four More Years'". But Bloomberg also warned, "We can not allow the primary process to drag the party to an extreme that would diminish our chances in the general election" and give Trump four more years.

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Bloomberg said he would also continue to focus his resources in combating gun violence, opioid addiction and high college tuition.

Bloomberg invested more than $100 million to help Democrats in the 2018 midterm election; his team has quietly been preparing a data-driven effort to go much further in 2020.

Bloomberg's decision not to run leaves a major hole in the Democratic Primary for a centrist, one that Biden is likely to fill.

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