It’s official – Billionaire Michael Bloomberg has announced the beginning of his 2020 presidential run.
Bloomberg made the announcement via a one-minute ad posted to social media that focused on bashing Trump by posting unflattering images of the sitting president.
Along with the video, Bloomberg posted a written statement on his campaign website in which he laid out why he was the best candidate to defeat President Trump next November.
“I’m running for president to defeat Donald Trump and rebuild America,” Bloomberg wrote.
“We cannot afford four more years of President Trump’s reckless and unethical actions,” he continued. “He represents an existential threat to our country and our values. If he wins another term in office, we may never recover from the damage.”
Rumors started in 2018 that he may enter his name into 2020 after donating millions of dollars to Democratic candidates in the midterm elections.
Bloomberg had announced earlier this year that he would not seek the party’s nomination, until Bloomberg’s advisor Howard Wolfson was worried that the current crop of Democrats seeking the White House was “not well-positioned” to defeat President Trump.
“In 2018 [Bloomberg] spent more than $100 million to help elect Democrats to ensure that Congress began to hold the President accountable,” Wolfson said. “And this year he helped Democrats win control of both houses of the Virginia legislature.”
He added: “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.”
Bloomberg’s announcement comes after a number of Democrats have fallen off, sizzling out failing to gain traction while others simply saw no glimmer of hope when it comes to defeating trump.
Bloomberg’s entry comes only 10 weeks before primary voting begins, an unorthodox move that reflects anxiety within the Democratic Party about the strength of its current candidates.
Bloomberg doesn’t exactly fit the checklist for what Democrats normally look for in their candidates. As a centrist with deep ties to Wall Street, the rapid shift to the left by Dems may make it difficult for a less progressive candidate such as Bloomberg to find support.
Bloomberg, for his part, became a Democrat just last year.
Democrats are certainly not going to just accept him in with open arms, and before the announcement was even finalized, his would be rivals in the Democratic primary were already gearing up for a cat fight.
Socialist Bernie Sanders, who controls much of the far left portion of the Democratic base was one of the first to go after Bloomberg.
“I’m disgusted by the idea that Michael Bloomberg or any billionaire thinks they can circumvent the political process and spend tens of millions of dollars to buy elections,” Sanders tweeted on Friday.
The fake Cherokee, Elizabeth Warren, also feasted on Bloomberg’s obvious attempt to try to buy a nomination.
“I understand that rich people are going to have more shoes than the rest of us, they’re going to have more cars than the rest of us, they’re going to have more houses,” she said after a campaign stop in Manchester, New Hampshire.
“But they don’t get a bigger share of democracy, especially in a Democratic primary. We need to be doing the face-to-face work that lifts every voice,” she concluded.
Already, Bloomberg has vowed to blow at least $150 million of his fortune on various pieces of a 2020 campaign, including more than a whopping $100 million for internet ads designed explicitly to attack President Trump.