Big Money, Big Flop: Bloomberg Presidential Bid Likely to Go Nowhere

  • 11/15/2019 12:00 AM
  • Source: AAN
  • by: AAN Staff
Big Money, Big Flop: Bloomberg Presidential Bid Likely to Go Nowhere
If you can make it there, you can’t make it anywhere.

Billionaire and former New York City mayor Michael Bloomberg is entering the race for the Democrat presidential nomination.

His bid will almost certainly end like that of every New York City mayor to seek the presidency: a quick exit.

“Michael Bloomberg is running at 4 percent nationally as he teases a presidential bid, showing that he's well known — but widely disliked — by the Democratic electorate, according to a new poll,” POLITICO reports. “No contender is viewed more negatively by Democrats than the billionaire former New York City mayor.”

“The Morning Consult poll, released Sunday, reflects the enormous challenge confronting Bloomberg as he considers a late entry into the 2020 race. He sits in sixth place, just behind Sen. Kamala Harris of California, and would begin his campaign far outside the top tier,” POLITICO reports. “Nearly 25 percent of likely primary voters view him unfavorably — the highest unfavorable rating in the field — while about 31 percent view him favorably, according to the poll.”

Bloomberg’s problem is Democrats are divided into two camps: agenda-driven socialists and moderates looking for a candidate most likely to beat Trump.

Both view Bloomberg skeptically.

While Bloomberg has spent millions trying to outlaw firearms, he’s been virtually silent for decades on racial, gender and class issues – the kind of identity politics fueling insurgent Democrats.

And his massive wealth, made in finance, means many Democrat primary voters view him as the enemy.

His anti-gun positions, cold personality and detached wealth mean he’s also useless to Democrats looking for a nationally-electable nominee, a view backed up by his rock-bottom polling numbers.

All of it adds up to what will likely be a splashy entry marked by millions of dollars in national TV advertising, followed by repeated failures to qualify for debates.  He plans to skip Iowa and New Hampshire, which require extensive in-person campaigning and a grassroots organization, to focus on “Super Tuesday,” when a large number of states all voting on the same day favor a candidate spending money on advertising.

A failure to win any states there, or compete, means he’ll be out of the race almost as quickly as he entered.

It’s the same fate suffered by New York City mayors Rudy Giuliani and Bill de Blasio, whose presidential bids crashed and burned. Bloomberg’s billions mean the crater will just be bigger.
 Source: AAN
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