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Former NYC mayor Michael Bloomberg considering Leap to US presidential race

Former New York City Mayor Michael Bloomberg is strongly considering entering the race to its 2020 Democratic presidential nomination, a move that could greatly interrupt the area only 3 months before the initial nominating contests.

“Mike is concerned that the present field of candidates isn’t well placed to” conquer Trump, Bloomberg spokesman Howard Wolfson said in a statement.

That will keep his options open for a potential White House bid, a source familiar with his believing told Reuters.

The Democratic area, currently numbering 17 applicants, has coalesced to four leading contenders based on current surveys: US Senators Elizabeth Warren and Bernie Sanders, who represent the party’s progressive wing, also former Vice President Joe Biden and Mayor Pete Buttigieg, of South Bend, Indiana, representing the moderate wing.

Bloomberg, the chief executive officer and founder of Bloomberg L.P, functioned as New York’s mayor from 2002 to 2013 and continues to be a major advocate and philanthropist about the topics of climate change and gun violence.

“If Mike conducts, he’d provide a new alternative to Democrats constructed on an exceptional listing running America’s biggest town, building a company from scratch and also taking on a few of America’s hardest challenges as a high-impact philanthropist,” Wolfson said.

“Mike will have the ability to take the struggle to Trump and triumph,” Wolfson said.

Bloomberg was critical of Warren along with her strategy to institute a tax upon the superrich if she’s elected president to finance programs that range from universal healthcare to tuition. If Bloomberg were to enter the race would probably compete with candidates like Biden and Buttigieg as a moderate solution to Warren’s populist progressivism.

However, he’d probably face a tough road with the liberal wing of their party worried about corporate money in politics and earnings inequality in the USA.

Tom Steyer, a billionaire candidate from California that has made climate change a centerpiece of his campaign, has spent countless simply to see his bidding languish amid criticism from his rivals for attempting to purchase his way to the election.

“More billionaires seeking more governmental power surely is not the shift America wants,” explained Sanders’ campaign manager, Faiz Shakir.

Warren reacted to the information of Bloomberg’s training by conversing at him using a connection that showed how far he’d cover her wealth taxation.

Bloomberg, whom Forbes ranks as the richest American with an estimated value of $53.4 billion ($48.3bn), will have the ability to mostly finance his effort himself, possibly allowing him to ramp up his candidacy fast. However, he’d need to construct a multistate business on the fly.

At age 77, he’d be the next oldest offender among the Democratic contenders, supporting Sanders, who’s 78. On the other hand, Trump is 73.