Not running for president

April FrancisMar 08, 2019

For the anti-Trump operation, Bloomberg's team recruited advisers to Obama's 2012 reelection campaign.

As recently as three weeks ago, Bloomberg was leaning toward a run. But aides said internal polling suggested Bloomberg's path to the Democratic nomination was narrow, particularly if Vice President Joe Biden - who shares some of Bloomberg's moderate positions - decides to run. Bloomberg took the weekend to mull his decision and ultimately decided against a run yesterday, said the person.

Bloomberg, who was first elected mayor of NY as a Republican, opted out of a growing field of Democratic candidates. Elizabeth Warren have demanded that candidates swear off super PACs and self funding.

The news that Bloomberg was expected to keep intact his powerful political operation is likely welcome news for Democrats, who face the hard task of unseating an incumbent president.

Democratic Senator Edward Markey of MA, who has been working with Ocasio-Cortez on climate change policy, said Bloomberg would play a central role in the coming effort to reduce carbon emissions.

He encouraged Democrats on Tuesday to unify behind a nominee who could beat Trump, a not-so-subtle dig against candidates pushing the party to embrace liberal priorities such as "Medicare-for-all".

A billionaire who could have sunk millions of his own dollars into a campaign, Bloomberg had publicly toyed with running and has become a vocal critic of Republican President Donald Trump.

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At many stops, he blasted Trump over his immigration, environmental and economic policies.

The 11 richest man in the world, Mr Bloomberg has an estimated net worth of $51.8 billion, more than 10 times even the most generous estimates of Mr Trump's wealth.

It's unclear how much money Bloomberg is willing to plunge into the effort.

Mr Bloomberg also spoke of reducing the racial achievement gap in public schools and increasing access to college for low-income pupils.

He announced in October 2018 that he changed his political party affiliation to Democrat, a move led to speculation that he was aiming at 2020 presidential election.

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He dismissed Rep. Alexandria Ocasio Cortez's (D-NY) Green New Deal resolution for fighting climate change, arguing that it "stands no chance of passage in the Senate over the next two years".

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