Former US Mayor Michael Bloomberg rules himself out of 2020 presidential bid

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.
The businessman said in an opinion column on the Bloomberg media platform that he owns. “I believe I would defeat Donald Trump in a general election. But I am clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field,”
“Many people have urged me to run. Some have told me that to win the Democratic nomination, I would need to change my views to match the polls,” Bloomberg said, acknowledging the leftward tilt among many of the dozen major Democrats already in the race.
Bloomberg said that he’ll spend the time and money he would have spent on a 2020 run instead on a variety of specific causes, including the launch of a new climate campaign aimed at transitioning the United States to a carbon-free economy. 
He wrote, “Should I devote the next two years to talking about my ideas and record, knowing that I might never win the Democratic nomination?” “Or should I spend the next two years doubling down on the work that I am already leading and funding, and that I know can produce real and beneficial results for the country, right now?”
The announcement came as a great surprise for everyone. Bloomberg has been teasing a presidential run for more than a decade, but he seemed to be moving ever closer to one in the age of Donald Trump.
Bloomberg was always going to be an awkward fit in a Democratic field that is tacking leftward. He’s a billionaire who defends big business and Wall Street, and he’s a former Republican mayor who is still defending his administration’s reliance on stop-and-frisk searches that predominantly targeted men of color. He also would have entered the race as an older white man—one either uninterested in or unable to speak the language of today’s left—at a time when the Democratic base is increasingly interested in candidates who know firsthand what it’s like to live in America as anything but that.
Meanwhile, he lacks the Obama nostalgia of Joe Biden or the buzz of a fresher face like Beto O’Rourke, both of whom have a far more natural coalition within the Democratic Party than Bloomberg would. 
Bloomberg spent a reported $100 million helping Democrats in the 2018 midterms—cash that also bought him plenty of goodwill with party leaders. His team then stoked speculation further with the news that he planned to spend “at least” $500 million of his own fortune to help Democrats retake the White House in 2020. 
He further added that it was necessary that people of America “nominate a Democrat who will be in the strongest position to defeat Trump and bring our country back together.”
All eyes on Bidden
After Bloomberg being out of the contention, all the attention turns to former vice president, Joe Biden, who is the most imperative democrat still mulling a presidential bid and has yet to announce his plans.
Former congressman Beto O’Rourke, the charismatic Texan who narrowly lost a Senate bid to incumbent Ted Cruz last year, is also a potential candidate, and says he will reveal his plans soon.
Bloomberg is the fourth potential candidate to pass on a presidential race this week.
Those already in the race include senators Bernie Sanders, Elizabeth Warren, Kamala Harris, Cory Booker, Kirsten Gillibrand and Amy Klobuchar, Congresswoman Tulsi Gabbard, as well as current and former governors and mayors.
Hillary Clinton, the 2016 nominee who lost to Trump despite winning the popular vote, finally ruled out a repeat run, prompting some presidential trolling.
Bloomberg sounded a warning to those challenging Trump, especially the several candidates including Sanders and Warren who have embraced progressive policies like universal health care and a massive plan to address climate change and economic inequality that critics say would cost tens of trillions of dollars.

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