Former New York mayor Michael Bloomberg, the centrist billionaire Democrat who positioned himself as a potential challenger to Donald Trump, said Tuesday he would not run for president in 2020. In an op-ed about his decision, Bloomberg was bullish about his chances to defeat Trump in a general election but raised concerns about winning the nomination in a crowded primary.
"I know there's much more we can accomplish over the next two years, but only if we stay focused on the work and expand upon it", Bloomberg wrote.
"As I've thought about a possible presidential campaign, the choice before me has become clear", Bloomberg wrote in an opinion piece for his news service, Bloomberg.
Former New York City Mayor and possible 2020 Democratic presidential candidate Michael Bloomberg speaks at the Institute of Politics at Saint Anselm College in Manchester, New Hampshire, U.S., January 29, 2019.
"I've come to realize that I'm less interested in talking than doing", Bloomberg wrote. Elizabeth Warren, D-Mass., has taken aim at politicians who've said they'll fund their own campaigns.
Bloomberg has argued the country needs a competent and pragmatic chief executive with his kind of business and government experience who can get big things done, drawing an explicit contrast with Trump.
"Now that we have a destination, Mike Bloomberg will help us find the path to get there", he said. He also says he wants to continue taking action on gun violence. He's long supported issues popular among many Democrats, including gun control and mitigating climate change, and he spent more than US$110 million in the 2018 congressional elections to help elect Democrats, according to figures provided by Bloomberg Philanthropies.
Fourteen Democratic candidates have entered the 2020 presidential race.
Bloomberg plans to increase his investment in Beyond Coal, which works to shutter coal-fired power plants, and to launch an effort called Beyond Carbon, to largely eliminate the use of gas, oil, and coal in the United States by 2050.
Bloomberg then went on to cite numerous major problems in the country, all of which have been, in his opinion, more effectively combatted with grassroots efforts than with any legislative effort from D.C. He's consulting several top advisers to former President Barack Obama, including David Plouffe, the architect of Obama's 2008 campaign, data guru Dan Wagner and Mitch Stewart, Obama's battlefield-states director. "So I look forward to working with him one way or another".
"Many people have urged me to run".