The Bloomberg Candidacy
By James Donahue
It has been impossible to avoid the media excitement over the announcement that American billionaire Michael Bloomberg is jumping into the 2020 presidential race as a Democratic candidate.
Bloomberg, a long-time popular mayor of New York, co-founder, CEO and owner of Bloomberg L.P., and strong advocate for environmental issues to battle global warming, is thus establishing a strong candidacy designed to defeat the Democratic Party candidates that have been battling for a chance to represent their party in a race against Donald Trump one year from now.
Elizabeth Warren, who has been considered among the stronger party candidates, warns that she considers Bloomberg to be a serious threat. That is a given. But Warren worries that the man is in a position to represent the pack of bankers, industrialists and high rollers that have had free reign of Washington for years and especially under the Trump Administration.
Warren, a U.S. Senator from Massachusetts, has been building a popular platform advocating a national health plan for everyone and is seeking to trim the federal deficit by restoring the Clinton tax rates on those in the top income bracket. She also wants to eliminate the student loan debt. In a public statement this week she said she worries that Bloomberg’s interests is to head off her tax plan on top wage earners like himself. Bloomberg’s net worth is currently estimated at $57.1 billion, making him the ninth richest person in the United States and fourteenth richest person in the world.
The 17 Democratic candidates still in the race and the ten others that have dropped out have established a massive chaotic mix that has generally failed to produce a strong personality that clearly has gained clear public support. Warren has gained a somewhat leading position but this has never proved to be a sure thing. Bloomberg’s decision to jump into the mix may quickly bring that problem to an end. His strong record during the three terms he served as New York Mayor has the potential of putting him ahead of the others even as he comes out of the stall.
The 77-year-old Bloomberg holds a bachelor of science degree in electrical engineering at Johns Hopkins University and a Master of Business Administration from Harvard Business School. He is a prominent member of the Emanu-El Temple of the Jewish faith in Manhattan. He is a well-known philanthropist who has donated over $6.4 billion to a variety of causes including public health, arts and culture, the environment, education and government innovation. He has committed another $1.8 billion to allow Johns Hopkins to permanently accept and enroll students without regard to their ability to pay.
While serving as New York mayor Bloomberg launched PlaNYC, a plan designed to protect the environment and prepare for a future population growth. During his time in office New York reduced greenhouse gas emissions by 19 percent and saw the planting of one million trees. He also has played a strong role as the UN Secretary-General’s special envoy for Climate Action.
Bloomberg’s economic policies helped New York experience record-levels of job growth in the private sector during a period of deep national recession.
His innovations in government and philanthropy have made Bloomberg a global leader on climate change, public health, education and other serious issues facing America and the world.
No wonder the national press corps is making headlines out of Bloomberg’s presidential announcement at this late date. And we can clearly understand the concerns expressed by Elizabeth Warren and the other party candidates left in the rubble.
If the Democratic Party surely seeks to upset Mr. Trump’s efforts to win a second term next November, a candidate like Bloomberg may be just what is needed.
By James Donahue
It has been impossible to avoid the media excitement over the announcement that American billionaire Michael Bloomberg is jumping into the 2020 presidential race as a Democratic candidate.
Bloomberg, a long-time popular mayor of New York, co-founder, CEO and owner of Bloomberg L.P., and strong advocate for environmental issues to battle global warming, is thus establishing a strong candidacy designed to defeat the Democratic Party candidates that have been battling for a chance to represent their party in a race against Donald Trump one year from now.
Elizabeth Warren, who has been considered among the stronger party candidates, warns that she considers Bloomberg to be a serious threat. That is a given. But Warren worries that the man is in a position to represent the pack of bankers, industrialists and high rollers that have had free reign of Washington for years and especially under the Trump Administration.
Warren, a U.S. Senator from Massachusetts, has been building a popular platform advocating a national health plan for everyone and is seeking to trim the federal deficit by restoring the Clinton tax rates on those in the top income bracket. She also wants to eliminate the student loan debt. In a public statement this week she said she worries that Bloomberg’s interests is to head off her tax plan on top wage earners like himself. Bloomberg’s net worth is currently estimated at $57.1 billion, making him the ninth richest person in the United States and fourteenth richest person in the world.
The 17 Democratic candidates still in the race and the ten others that have dropped out have established a massive chaotic mix that has generally failed to produce a strong personality that clearly has gained clear public support. Warren has gained a somewhat leading position but this has never proved to be a sure thing. Bloomberg’s decision to jump into the mix may quickly bring that problem to an end. His strong record during the three terms he served as New York Mayor has the potential of putting him ahead of the others even as he comes out of the stall.
The 77-year-old Bloomberg holds a bachelor of science degree in electrical engineering at Johns Hopkins University and a Master of Business Administration from Harvard Business School. He is a prominent member of the Emanu-El Temple of the Jewish faith in Manhattan. He is a well-known philanthropist who has donated over $6.4 billion to a variety of causes including public health, arts and culture, the environment, education and government innovation. He has committed another $1.8 billion to allow Johns Hopkins to permanently accept and enroll students without regard to their ability to pay.
While serving as New York mayor Bloomberg launched PlaNYC, a plan designed to protect the environment and prepare for a future population growth. During his time in office New York reduced greenhouse gas emissions by 19 percent and saw the planting of one million trees. He also has played a strong role as the UN Secretary-General’s special envoy for Climate Action.
Bloomberg’s economic policies helped New York experience record-levels of job growth in the private sector during a period of deep national recession.
His innovations in government and philanthropy have made Bloomberg a global leader on climate change, public health, education and other serious issues facing America and the world.
No wonder the national press corps is making headlines out of Bloomberg’s presidential announcement at this late date. And we can clearly understand the concerns expressed by Elizabeth Warren and the other party candidates left in the rubble.
If the Democratic Party surely seeks to upset Mr. Trump’s efforts to win a second term next November, a candidate like Bloomberg may be just what is needed.