Former New York City Mayor Michael Bloomberg is getting ready to jump into the 2020 presidential race.
According to Axios, Bloomberg is going to run because he fears former Vice President Joe Biden is not doing well enough which leaves the door open for Senator Elizabeth Warren (D-Mass) to get the Democrat nomination.
The rise of Warren has Wall Street very concerned over her push for a wealth tax and corporate tax.
Bloomberg has an estimated fortune of $52 billion and he is apparently willing to spend what it takes to win the White House.
A filing deadline in Alabama is approaching and was the trigger for Bloomberg to seriously investigate a run for president.
The socialism-leaning 2020 candidates Senators Warren and Bernie Sanders (I-Vt) were quick to respond to Bloomberg and targeted his wealth.
— Elizabeth Warren (@ewarren) November 7, 2019
The billionaire class is scared and they should be scared.
— Bernie Sanders (@BernieSanders) November 7, 2019
Bloomberg sees an open lane to run as a moderate with Biden not getting traction.
Despite the spin, Bloomberg is not a moderate – he has extreme views on gun control and climate change.