Politics World

Michael Bloomberg, jumped into the 2020 US presidential race

Michael Bloomberg, jumped into the 2020 US presidential race

WASHINGTON: New York City’s mayor, Billionaire businessman Michael Bloomberg, jumped into the US presidential race including another voice that is moderate .

The movement represents an about-face for Bloomberg, 77, who had said in March that he would not make a run for the White House. “I’m running for president defeat Donald Trump and reconstruct America. We cannot afford four more years of President Trump’s reckless and dishonest activities,” said Bloomberg, 77, a media mogul who founded Bloomberg LP.

Ranked by Forbes as the eighth-richest American having an estimated worth of $53.4 billion, Bloomberg is going to have the advantage of being able to self-finance his effort and pour millions of dollars into marketing and hiring staff.

Bloomberg’s candidacy presents a late challenge to the pack of Democratic contenders close to the top in opinion polls – fellow centrists Joe Biden, the former U.S. vice president, and Pete Buttigieg, the mayor of South Bend, Indiana, along with notable liberal U.S. Senators Elizabeth Warren and Bernie Sanders.

Bloomberg has been critical of her strategy and Street crusader Warren to tax the super wealthy to pay for programs ranging from universal health care to free college tuition. He will compete to become the moderate alternative to the liberal agendas of Warren and Sanders.

He has won allies in the celebration with philanthropy and his advocacy on climate change and in fighting gun violence, putting countless teams pushing for more restrictive gun legislation.

Bloomberg had filed paperwork on Thursday with all the U.S. Federal Election Commission to run for president. He already had filed paperwork to be eligible for the Democratic primary in Alabama and four other states with deadlines for ballot qualification.

He announced earlier in November a $100 million ad campaign targeting Trump in four battleground states.

PLAYING CATCH-UP

Bloomberg will face substantial disadvantages because of his late start, which means he will play catch-up with rivals who have been putting together campaign staffs for weeks ahead of the state-by-state battle for the Democratic nomination.

To counter that, he plans to pursue the unorthodox strategy of skipping the four states with early nominating contests in February, beginning on Feb. 3 at Iowa, and focus primarily on the countries that hold primaries and caucuses beginning on so-called Super Tuesday on March 3.

No presidential contender has ever pursued a similar plan.

Bloomberg dedicated to end income inequality and has come under fire from critics who say he’d be the selection for a Democratic Party.

He is sure to face renewed scrutiny over his record for almost 40 years as New York’s mayor and as the mind of his media company. He apologized this month to get New York’s”stop and frisk” coverage that allowed police to stop and search people on the road, which was decried as racist for overwhelmingly targeting black guys. Black voters are a voting bloc that is critical.

Bloomberg also has been suggested by some critics for attempting to ban sodas sold in cups larger than 16 oz (473 milliliters) in an effort to reduce sugar consumption in the interest of public health amid high rates of obesity in the United States. The proposal was finally struck down by New York courts. Bloomberg will confront questions about his decision to run for New York mayor in 2001. He switched to independent in front of a run for a third term. At 77he also will be the candidate in a race where age continues to be an issue as the party arguments whether it is time for a new generation of leadership one of the Democrats. Sanders, who took off some time following a heart attack in October from the campaign trail, is the earliest in 78. Warren is 70.

Public opinion polls show most Democrats do not share Bloomberg’s dissatisfaction with the Democratic contenders. A Monmouth University poll taken in late October and early November were happy and just 16% wanted someone else. Bloomberg considered operating in 2016 but chose against it, endorsing Democrat Hillary Clinton instead. Entrants into recent races have not fared well. Wesley Clark, a retired U.S. overall, entered the Democratic presidential race in September 2003, and Fred Thompson, a Republican U.S. senator, entered the Republican race in September 2007 after months of speculation. Before falling out neither made much of a dent in the race. Clark won one state nominating contestand Thompson didn’t win any.