Former New York City Mayor Michael Bloomberg formally announced he is entering the Democrat primary in an effort to challenge President Trump in 2020.
Bloomberg, who is 77 years old, has a vast fortune estimated at around $52 billion.
The former New York City mayor posted a statement on his website.
We cannot afford four more years of President Trump’s reckless and unethical actions. He represents an existential threat to our country and our values. If he wins another term in office, we may never recover from the damage.
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Bloomberg also launched a campaign ad.
NEW — @MikeBloomberg in first TV ad touts his bio & targets Trump.
Ad closes with “jobs creator, leader, problem solved. Mike Bloomberg for president.” pic.twitter.com/Bd6O00uGDH
— Kendall Karson (@kendallkarson) November 24, 2019
Bloomberg is a strong proponent of gun control, is a climate change activist, and has used his huge financial resources to advance those causes.
He is also a critic of fossil fuels and is waging a personal war against coal-based electricity.
As New York City’s mayor, Bloomberg tried to ban large-size sugar-sweetened beverages.
President Trump made remarks about Bloomberg’s possible run in early November.
The president called Bloomberg “Little Michael.”
President Trump says he knows Michael Bloomberg very well, and there’s nobody he’d rather run against than “little Michael.” pic.twitter.com/EaS2VREk8A
— Eamon Javers (@EamonJavers) November 8, 2019
Bloomberg is trying to position himself as a moderate, especially on economic issues, compared to radical Senators Elizabeth Warren (D-MA) and Bernie Sanders (I-VT) who are running to be the Democrat nominee for president.
In reality, Bloomberg is a progressive activist who is more than eager to use government to shape America to fit his view of the world.