7 votes

Michael Bloomberg Actively Prepares to Enter 2020 Presidential Race

4 comments

  1. [4]
    Rez
    Link
    I agree with this Atlantic analysis - this is likely good for Warren and bad for Buttigieg, and respectively the same for any liberal/moderate candidates. I mean two billionaires (Tom Steyer and...

    I agree with this Atlantic analysis - this is likely good for Warren and bad for Buttigieg, and respectively the same for any liberal/moderate candidates. I mean two billionaires (Tom Steyer and Mike) running to oust another billionaire President? What better visual proof do you need of massive income inequality capturing our politics? Bloomberg may prove to be the perfect foil for candidates like Warren and Sanders. If Bloomberg steals some of the thunder from Biden and Buttigieg, he makes for a much easier, safer campaign dynamic than fighting against the other moderates.

    10 votes
    1. [2]
      Sahasrahla
      Link Parent
      My conspiracy theory: Bloomberg thinks a Sanders or Warren win is likely and rather than running in the primary to stop them he's laying the groundwork for a third-party challenge. I mean, this is...

      (From the Atlantic piece) Were Bloomberg primarily interested in ensuring that neither Warren nor Bernie Sanders turned America into another “Venezuela,” he could have done what many other center-left Democratic establishment types have done: given Buttigieg the cash to compete with Warren’s and Sanders’s small-donor-powered campaigns.

      My conspiracy theory: Bloomberg thinks a Sanders or Warren win is likely and rather than running in the primary to stop them he's laying the groundwork for a third-party challenge. I mean, this is someone who in 2016 looked ready to run as a third-party candidate against Trump and Sanders until it became clear that Clinton would get the nomination. It would also explain why he didn't want to enter the race until now: if he was in it from the beginning he might have split the non-progressive vote, but if he thinks a Warren or Sanders win will happen anyway that doesn't matter to him and he's free to build up his credentials as a "moderate" Democrat and opponent of the ideas of Warren and Sanders.

      5 votes
      1. Rez
        Link Parent
        That is one angle, but I don't see how it's a sound strategy. He needs to peel self-described moderates from both the left and the right to win, but I see no reason to believe he has the ability...

        That is one angle, but I don't see how it's a sound strategy. He needs to peel self-described moderates from both the left and the right to win, but I see no reason to believe he has the ability to peel off enough Trump supporters to win even if he cannibalizes the Biden/Buttigieg lane entirely (not even getting into his gun control platform). Right now what this bid says to me is just that he's that scared about a President in office who would take income inequality seriously. It reads as if he considers Warren an existential threat but not Trump. Normally I'm not one to knock third party or independent bids (the number of people who don't vote when they easily could is the much more pressing issue to me), but it just seems like he's considering jumping in for emotional reasons. If he wants to go down in history as the man who secured Trump's second turn, solidifying a permanent turn of events in America, then I don't know what to say besides that it shows how much greed has led us to the current state of affairs.

        5 votes
    2. skybrian
      Link Parent
      Billionaires can enter the race and automatically get press attention because they have the funding, but it seems like they usually don't do very well without political experience? But since...

      Billionaires can enter the race and automatically get press attention because they have the funding, but it seems like they usually don't do very well without political experience? But since Bloomberg was a successful(?) mayor of New York City, I think he'd make the news anyway.

      3 votes