US Presidential Election 2020: Billionaire Michael Bloomberg joins Democratic race

UNITED STATES (OBSERVATORY NEWS) — US billionaire Michael Bloomberg on Sunday announced his candidacy for the presidency pledging to “rebuild America”, joining a large group of Democratic candidates seeking their party’s nomination to compete with President Donald Trump.

With a fortune of $ 50 billion, Bloomberg’s candidacy, just three months before the start of the primaries, will sign him on the open competition of 17 Democratic candidates.

“The risks are very high,” Bloomberg, 77, said on his website as he launched his $ 30 million propaganda campaign. “We have to win these elections and we have to start rebuilding America.”

The announcement puts an end to weeks of speculation about the intention of the former New York mayor to enter the primary race and highlights the vitality of the contest within the Democratic Party, which will hold the first primaries in February 2020.

Bloomberg is the founder and CEO of the financial news agency.

His admission to the Democratic presidential race comes at a time when candidates are usually withdrawn, with ten already.

In recent weeks, Bloomberg has paved the way for his possible entry into the Democratic primary race by registering his name with the Federal Election Commission.

“I’m in the presidential race to defeat Donald Trump and rebuild America,” he said. “We can’t afford another four years of Trump’s irrational and immoral actions.”

Bloomberg noted that Trump “poses an existential threat to our country and our values. If he wins another term, we may never recover from the damage.”

Former Vice President Joe Biden leads the race ahead of leftists Elizabeth Warren and Bernie Sanders, while moderate Pete Bottigg is fourth.

Bloomberg presents himself as a moderate candidate and analysts say he may be able to woo some of Biden’s moderate supporters.

Some believe Bloomberg’s “self-built” image and his support for climate-warming efforts make him Trump’s best rival.

Bloomberg advisers have indicated that he may not campaign in the four states that will have preliminary elections in February, including Iowa, and have said his focus will be on the March 15 preliminary entitlements, known as Super Tuesday. Tuesday) especially in California and Texas is the most populous.

– “Arrest and Inspection” –

Party leftists who support Warren O Sanders, a former mayor of New York, are considered a billionaire whose wealth should be subjected to heavy taxes in order to reduce inequality.

Bloomberg said he would “mobilize a wide and diverse coalition of Americans to win,” adding that he would “confront” Trump’s “fanaticism.”

He was the front-runner to confront Trump on a number of issues, including weapons-related violence and climate change.

Bloomberg enumerated some of what he achieved when he was mayor of New York, particularly the revival of the city’s economy after the attacks of 11 September 2001. He was elected mayor of the city in January 2002 to succeed Rudy Giuliani.

He also addressed the ban on smoking in restaurants and bars and his commitment to address the dangers of e-cigarettes.

On Sunday, White House adviser Killian Conway said Bloomberg’s entry meant that “the democratic arena is disappointing.”

“We are ready,” she told CBS. “I think President Trump will be ready.”

Sanders and Warren, who often criticize top financiers and big companies, are expected to attack Bloomberg for his wealth.

“I believe in the rights of workers,” Bloomberg said. “I run my company according to the values ​​of honesty, integrity, fairness and inclusion, which is the same approach I have taken to run the city.”

Last week, Bloomberg apologized for security practices called “arrest and search” targeting black and Hispanic New Yorkers during his tenure.

For years, Bloomberg’s bipartisan relationship has fluctuated. He has been mayor of New York as an independent.

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