Bloomberg to forgo 2020 White House bid

Credit: Reuters Studio
Published on March 5, 2019 - Duration: 01:19s

Bloomberg to forgo 2020 White House bid

Former New York City Mayor Michael Bloomberg will not seek the Democratic nomination for U.S. president in 2020 but will instead launch an effort aimed at combating climate change, he said on Tuesday.

Havovi Cooper reports.

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Bloomberg to forgo 2020 White House bid

Former New York City mayor Michael Bloomberg said on Tuesday -- he will not be running for president-- putting an end to speculation that the billionaire was looking to challenge Donald Trump in 2020.

The 77-year old -who poured nearly $100 million into supporting Democrats in the midterms last year --broke the news in an op-ed on Bloomberg.com-- and came down hard on Trump and the Republican party.

He wrote "every day when I read the news, I grow more frustrated by the incompetence in the Oval Office.

I know we can do better as a country.

And I believe I would defeat Donald Trump in a general election." But he added "I am clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field." ...a race where over 10 candidates have already thrown their hat in the ring- including senators Bernie Sanders, Elizabeth Warren and Cory Booker.

While Bloomberg shares the same view as most Democrats on issues like climate change and gun control--his background as a businessman with ties to Wall Street- might not have resonated with a Democratic party that appears to be moving to the left.

Bloomberg said instead he will focus his resources on supporting other candidates .

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