Bloomberg Jumps Into 2020 Presidential Race

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.

Bloomberg also launched a campaign ad.

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.”

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.