On Thursday an advisor for Michael Bloomberg, the billionaire and former mayor of New York, told NBC News that Bloomberg is preparing to enter the 2020 Democratic presidential race.
According to spokesman Howard Wolfson, Bloomberg is set to enter the race because he does not believe the current field of candidates is strong enough to defeat Donald Trump.
“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,” Wolfson wrote in a statement to NBC News. “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.”
There is no doubt that Bloomberg’s wealth would allow him to run without any fundraising woes. If Bloomberg does run there is no doubt that he will be targeted by fellow Democrats Sen. Bernie Sanders and Sen. Elizabeth Warren who have repeatedly argued that the rich should be paying more to underwrite programs for the rest.
This is not the first time that Bloomberg has teased a presidential run. He explored running earlier this year, but in March stated that he had decided not to run. Bloomberg is one of the richest men in the world. He served three terms as the mayor of New York.
“I believe I would defeat Donald Trump in a general election,” Bloomberg wrote earlier in the year. wrote in an opinion column for the Bloomberg news service at the time. “But I am clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field.”
The field has narrowed a bit and now it appears that Bloomberg still believes that he can defeat Trump.
“Mike would be able to take the fight to Trump and win,” Wolfson said in the statement.