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Former New York City Mayor Michael Bloomberg is entering the race for the White House.
Bloomberg, a social liberal and leader of the gun control movement, believes Joe Biden has lost his frontrunner status and that Elizabeth Warren imperils Democrats’ chances of returning to the White House next year. (Axios)
Why it matters: “Mike will spend whatever it takes to defeat Donald Trump,” a Bloomberg source said. “The nation is about to see a very different campaign than we’ve ever seen before.”
- I’m told there’s no way he’ll later run as a third-party or independent candidate, partly because of ballot-access hurdles.
Theory of the case: Bloomberg, who according to Forbes is worth $52 billion, will self-fund, allowing him to run an essentially national campaign at a time when the rest of the field is raising money and focusing on early states.
Bloomberg had been focused on how he could best influence 2020 from the outside. But he increasingly became concerned that all the leading Democrats have weaknesses Trump could exploit in the general election.
Bloomberg sparked a media firestorm yesterday by announcing he will file to qualify for the Alabama primary. The state has an early filing deadline.