The Bloomberg Factor

Michael Bloomberg’s organization made application to take part in the Alabama Democrat primary.  This filing and any others that Bloomberg will subsequently authorize could position Bloomberg to become a full fledged candidate for the Democrat Presidential nomination. Will this new entry make a difference?

The current Democrat field of 17 Presidential candidates is quite large with a cluster around centrist values and two candidates pushing the bounds of progressive values.  Bernie Sanders and Elizabeth Warren currently occupy about 30-40% of poll results. More importantly, Sanders and Warren also represent the most liberal or progressive wing of the party,  Are these very progressive views salable to a majority of voters?

Of the remaining 60-70%, Joe Biden has about 25% of the polling data and is squarely a centrist.  The remaining 14 candidates register in single digits.  

So, what would the entry of Michael Bloomberg mean?

If one reads the Wall Street Journal, Washington Post, New York Times, or any other large city newspaper, Michael Bloomberg should be no stranger. Bloomberg is a self made billionaire and successful three term mayor of New York City.  Pragmatic on most issues, progressive in a practical manner on others.  Bloomberg would be fully capable of performing the Presidential duties on day one. But most Americans do not read newspapers and Michael Bloomberg may be a stranger. What obstacles lie ahead of potential Bloomberg candidacy?

For many Americans, Bloomberg will need to introduce himself and outline why he should become the Democrat standard bearer and receive their vote. (Need for national name recognition)

Candidate Bloomberg is 77 years old and would enter a field with Sanders, 78, Biden 76, and Warren 70.  President Trump weighs in at 73.  Hmmm. Age is usually associated with experience and maturity but also comes with concerns about mental quickness, stamina, and health.  At 77 and President Trump at 73, Bloomberg needs to make the case that his experience is more relevant and far better for voters than the current President’s.  (Is Bloomberg still alert and healthy?)

The President’s job, if properly performed, is a tough executive assignment with an extremely broad span of responsibilities both domestically and foreign.  Arguably Vice President Biden should be prepared having been in the White House for 8 years already.  Sanders and Warren are both Senators and lack executive experience.  Bloomberg is a self made $50 billionaire who lead New York City for 3 terms.  Bloomberg will need to convince Democrat primary voters that his executive experience is relevant and important.  (Can Bloomberg convince voters that his personal business and mayoral experience are relevant for the Democrat nomination?)

Bloomberg’s signal of possibly running for President comes with less than three months before the Iowa and New Hampshire primaries. And Super Tuesday (March 15, 2020) is about 5 months away.  News reports suggest that Bloomberg will intentionally skip the first four primaries and instead put his efforts on Super Tuesday. (Will Bloomberg try to win the nomination by primary votes or play for a deadlocked convention and being selected at the Convention?)

Money and “position papers” drive each candidate’s campaign.  With Bloomberg’s late entry what will he offer.  Money should be no issue but what policies will Bloomberg emphasize?  Bloomberg has been critical of Sanders and Warren, who he feels are promising goals they will be unable to deliver.  Never the less, Bloomberg will need some set of issue to run on other than I can do better than Trump.  (What Bloomberg select issues the average American can relate to?)

Finally news reports have suggested Bloomberg believe Joe Biden does not have enough popular support and financial backing from wealthy donors.  In such a situation the extreme progressive positions of Sanders and Warren might carry the day.  This worries Bloomberg because he believes Trump can beat such a left wing candidacy. Another factor to consider, as the other 17 candidates sooner or later drop their campaigns, would they support Biden, Sanders, or Warren, or would they back Bloomberg?   (Will Bloomberg ultimately back Biden if he does not run or can not win?)

Explore posts in the same categories: 2020 Presidential Election, Donald Trump, Uncategorized

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