After weeks of speculation and testing, Michael Bloomberg, the former mayor of New York City, announced his run for president in 2020 as a Democrat.
“I’m running for president to defeat Donald Trump and rebuild America ... We must win this election. And we must begin rebuilding America. I believe my unique set of experiences in business, government, and philanthropy will enable me to win and lead,” he said in a statement.
“As a child and a Boy Scout, I was taught to believe in the promise and potential of America, and I have never been more worried about its future than I am today. America is at its best when we work together to find meaningful and lasting solutions to the big challenges that we face. We need a president who understands that truth—and who can do it, rather than just make promises.”
Trump hasn’t yet responded to Bloomberg’s announcement.
Meanwhile, among Democrats, Bloomberg’s billions might be his biggest obstacle. Several candidates, including Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.), have criticized his wealth.
Earlier in November, he filed a statement of candidacy with the Federal Election Commission and also filed to appear on some Democratic primary ballots with early deadlines. His aides had said those moves were formalities as he considered making a run for office.
“And on all those things, Mike Bloomberg intends to make good,” the ad says.
Several weeks ago, amid reports that he might run, Trump offered a hint at what he'd be calling Bloomberg.
Trump has dissed Bloomberg as “Little Michael” before. Trump, who is 6 feet, 3 inches tall, is about seven inches taller than Bloomberg, who reportedly stands 5 foot 8.
Counselor to the President Kellyanne Conway on Nov. 24 told CBS that Bloomberg’s entry into the race shows that “the Democratic field is underwhelming.”
“It’s Michael Bloomberg coming in, saying, ‘I don’t think any of you can beat Donald Trump,’” Conway said, referring to the other Democratic candidates.