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Politics Yang on possible Bloomberg run: 'There are limits to what money can do'

16:30  08 november  2019
16:30  08 november  2019 Source:   politico.com

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Yang added that “ there are limits to what money can do ,” and predicted Bloomberg is “going to have his work cut out for him” if he joins the pack of 17 Democratic candidates competing to challenge President Donald Trump in next year’s general election.

The reports of Bloomberg ’s possible run — in the New York Times and New York Post — quote both named and unnamed advisers who say Bloomberg will make his decision quickly. Bloomberg also made a fairly convincing case against his candidacy in an interview after opting not to run in March

Democratic White House candidate Andrew Yang on Friday praised Michael Bloomberg ahead of the former New York mayor’s potential entrance into the party’s presidential primary — but cautioned that the billionaire businessman would face significant headwinds in the nominating contest despite his considerable financial resources.

a man wearing a suit and tie: Democratic presidential candidate Andrew Yang© Ethan Miller/Getty Images Democratic presidential candidate Andrew Yang

“I'm friendly with Mike, and he's a great philanthropist, was a really stellar mayor,” Yang, a tech entrepreneur, told CNN. “But I will say it's going to be very, very difficult for him to jump in right now and somehow replace the thousands of conversations that many of the candidates have had with voters in New Hampshire and Iowa and around the country with ad buys."

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SEATTLE — Michael R. Bloomberg is actively considering a campaign for president as a Democrat in 2020, concluding that it would be his only path to the White House even as he voices stark disagreements with progressives on defining issues including bank regulation

Bloomberg has long flirted with a presidential run but never launched a campaign. Unlike many other news sites, we have not put up a paywall. But we would like to invite readers who can afford to do so, and for whom The Times of Israel has become important, to help support our journalism by joining

Yang added that “there are limits to what money can do,” and predicted Bloomberg is “going to have his work cut out for him” if he joins the pack of 17 Democratic candidates competing to challenge President Donald Trump in next year’s general election.

a screen shot of Bernie Sanders:    A record number of candidates are vying for the Democratic   nomination to take on      President Donald Trump in 2020.       23 total Democratic contenders are competing in the primary,   including a former vice president, seven current US senators, six   current and former members of the US House, two governors, four   mayors, two businessmen, and one prominent author.       Former Massachusetts Governor      Bill Weld is also challenging Trump in the Republican     primary.      Here's a list of the major party 2020 presidential   candidates.            Visit Business Insider's     homepage for more stories.       Soon after assuming the office of the presidency in January 2017,   President Donald Trump    filed preliminary paperwork that laid the groundwork for   re-election in 2020.    With the first official votes in the primary over seven months,   23 Democratic contenders are already lined up to challenge Trump   - making for one of the largest and most diverse primary fields   in recent history. So far, an additional four Democrats have   dropped out of the race.    While California Rep.    Eric Swalwell dropped out of the presidential race to run for   re-election in the House on July 8, billionaire Democratic   activist    Tom Steyer - also from California - jumped into the race less   than a day after, pledging to spend at least $100 million on his   campaign.     Since then, former Gov.    John Hickenlooper has also dropped out and is considering   running for US Senate in Colorado instead.          Read more:           John Hickenlooper drops out of the   2020 presidential race and says he's giving 'serious thought' to   running for US Senate       Former Vice President    Joe Biden, seven current and former US Senators, six current   and former members of the House of Representatives, four mayors,   two governors, two businessmen, and one prominent author are now   in the race.    Trump is also facing opposition within his own party. Former   Massachusetts governor and Libertarian vice presidential nominee      Bill Weldannounced he will run against   Trump in the Republican primary.    Here are all the major party candidates running for president in   2020:

Slideshow by Business Insider

Yang’s remarks come after reports that Bloomberg is preparing to file paperwork to qualify for Alabama’s Democratic primary ahead of a Friday deadline, maneuvering toward a 2020 run after previously announcing in March that he would not seek the presidency.

While Bloomberg’s centrist political ideology could pose an electoral threat to more moderate candidates including former Vice President Joe Biden and Mayor Pete Buttigieg of South Bend, Ind., the news of his possible campaign drew immediate criticism from the Democratic field’s two top-polling progressives.

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In 2016, Bloomberg used a possible presidential run as a cudgel: if the race came down to Donald Trump against Sen. There are more esoteric factors at play, too. Bloomberg would be forgiven as well for assuming that if voters were looking for a self-made billionaire with a lot in the bank, he had a

Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

“Welcome to the race, @MikeBloomberg! If you're looking for policy plans that will make a huge difference for working people and which are very popular, start here,” Massachusetts Sen. Elizabeth Warren wrote on Twitter, including a link to an online calculator showing how much billionaires would owe the federal government under her proposed wealth tax.

Vermont Sen. Bernie Sanders also offered an implicit rebuke of Bloomberg, tweeting Thursday: “The billionaire class is scared and they should be scared.”

Mulvaney Request to Join Subpoena Lawsuit Opposed by House .
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