Wednesday, March 06, 2019
Michael Bloomberg will not run for president in 2020, the billionaire businessman wrote in a statement posted online on Tuesday, ending months of speculation about the political future of one of the Democratic Party's top donors. Bloomberg, the former mayor of New York, had been toying with the idea of a presidential run for months and was floated as a candidate in every presidential cycle going back to 2008.
Bloomberg's Statement: "I've never made any secret of my belief that Donald Trump is a threat to our country. At the 2016 Democratic National Convention, I said: "New Yorkers know a con when we see one." Last fall I spent more than $100 million supporting Democrats in the midterm elections. Republicans in Congress had failed -- and are still failing -- to fulfill their constitutional duty to hold the president accountable. Instead, they indulge his worst impulses and refuse to work with Democrats on the most urgent issues."
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