Bloomberg Opts Out of 2020 Presidential Race

March 6, 2019 by Dan McCue
Bloomberg Opts Out of 2020 Presidential Race
Former New York mayor Michael Bloomberg is photographed before a dinner on the eve of the One Planet Summit on Dec. 11, 2017 at the Grand Palais in Paris, France. Bloomberg is considering a 2020 presidential run. (Romain Gaillard/Pool/Abaca Press/TNS)

Former New York City Mayor Michael R. Bloomberg will not be entering the already sizable field of Democratic candidates hoping to challenge President Donald Trump in 2020.

Bloomberg, who joined the Democratic party last year in anticipation of making a run for the White House, said in a Bloomberg News column published Tuesday afternoon that he will instead use his enormous personal fortune to accelerate the nation’s transition to renewable energy in the face of stiff opposition from the fossil fuel-friendly Trump administration.

The self-made billionaire acknowledged that he considered a run, explaining that “every day when I read the news, I grow more frustrated by the incompetence in the Oval Office.”

But in the end, he said, he is “clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field.”


“It’s essential that we nominate a Democrat who will be in the strongest position to defeat Donald Trump and bring our country back together,” he continued. “We cannot 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.’”

Bloomberg reportedly made his decision not to run over the weekend and notified his advisers on Monday.

According to The New York Times, polling and focus groups done by Bloomberg’s backers showed he did have a path to the Democratic nomination, but that odds would swing against him if former Vice President Joe Biden entered the race. Both men are considered moderates.


It’s unclear how Bloomberg’s decision will influence Biden, who has reportedly been courting staff and donors and is expected to make his intentions about 2020 known soon.

Bloomberg indicated that he will continue to support Democrats and the Democratic cause, noting that he spent more than $100 million in 2018 to help the party prevail in the midterm elections.

“Republicans in Congress had failed — and are still failing — to fulfill their constitutional duty to hold the president accountable. Instead, they indulge his worst impulses and refuse to work with Democrats on the most urgent issues,” he said of his continued frustration with the GOP.

Bloomberg said he will also work to expand Beyond Coal, an initiative he established in 2011 after Congress failed to pass cap and trade legislation. Working with the Sierra Club and community organizations, Beyond Coal resulted in the closure of some 285 coal-fired power plants.

The new effort, to be called Beyond Carbon, will seek to retire the nation’s remaining 245 coal-fired power plants over the next 11 years.


In addition to his new climate campaign, Bloomberg said he would redouble his efforts to enact gun-control regulations around the country.

 

A+
a-

In The News

Health

Voting

2020 Elections

Judge to Hold Hearing Over Georgia Special Grand Jury Report

ATLANTA (AP) — A judge is set to hear arguments Tuesday on whether to release a report by a special grand... Read More

ATLANTA (AP) — A judge is set to hear arguments Tuesday on whether to release a report by a special grand jury tasked with investigating whether then-President Donald Trump and his allies broke any laws as they sought to overturn his narrow 2020 election loss in Georgia. Fulton County... Read More

December 6, 2022
by Dan McCue
Texas’ Top Election Official Resigns, Abbott Names Replacement

AUSTIN, Texas — Texas’ top election official, Secretary of State John Scott, resigned from that post on Monday, saying he... Read More

AUSTIN, Texas — Texas’ top election official, Secretary of State John Scott, resigned from that post on Monday, saying he will relinquish the office at the end of the year. As a result, on Tuesday, Gov. Greg Abbott announced he will appoint Republican State Sen. Jane... Read More

November 1, 2022
by Dan McCue
Justices Reject Graham Bid to Block Georgia Testimony

WASHINGTON — Just hours after Chief Justice John Roberts handed former President Donald Trump a temporary victory in one of... Read More

WASHINGTON — Just hours after Chief Justice John Roberts handed former President Donald Trump a temporary victory in one of his legal battles, a member of Trump’s inner circle on Tuesday found the high court far less accommodating. In an unsigned, two-paragraph order, the Supreme Court... Read More

Jan. 6 Hearing Promises 'Surprising' Details Before Election

WASHINGTON (AP) — The House Jan. 6 committee is set to unveil “surprising” details including evidence from Donald Trump’s Secret Service about... Read More

WASHINGTON (AP) — The House Jan. 6 committee is set to unveil “surprising” details including evidence from Donald Trump’s Secret Service about the 2021 attack on the U.S. Capitol in what is likely to be its last public hearing before the November midterm elections. The hearing Thursday afternoon, the 10th public... Read More

September 23, 2022
by Tom Ramstack
State Attorneys General Face Ethics Complaint for Supporting Trump’s Election Fraud Claims

WASHINGTON — Donald Trump’s mounting legal problems are spreading this week to pull in state attorneys general who supported him... Read More

WASHINGTON — Donald Trump’s mounting legal problems are spreading this week to pull in state attorneys general who supported him in his failed effort to overturn the 2020 presidential election. The legal watchdog group The 65 Project filed complaints against 15 state attorneys general Wednesday to... Read More

August 16, 2022
by Dan McCue
AG to Appoint Election Monitor to Oversee Upcoming New Hampshire Primary

CONCORD, N.H. — State Attorney General John Formella announced Tuesday that he will appoint an election monitor to oversee the... Read More

CONCORD, N.H. — State Attorney General John Formella announced Tuesday that he will appoint an election monitor to oversee the state’s Sept. 13 primary elections after an investigation revealed a pattern of apparent mistakes made in past contests. The events that led to the decision mostly... Read More

News From The Well
scroll top