Michael Bloomberg, the 77 year old, billionaire former mayor of New York, is reportedly looking to get into the democratic race. There is a deadline to file your paperwork for (i think it was alabama) today.
1st off, I think that Bloomberg thinking he has any hope of winning is hilarious. He'll be lucky if he cracks 5%, maybe 10% if he is really successful at undermining Butigeg and taking the upper middle class vote. He is exactly the kind of candidate who has little to no base. He is economically right wing but culturally liberal. There are lots of political donors and dem establishment types that love that. There are very few voters that do.
2nd, i think it smacks of that centrist "liberal" bubble and hubris. He thinks that because he is well connected and has lots of money that he should be president. He thinks his plan of going after things like global warming and gun control will be super popular when he has nothing that makes him different than most of the other candidates. He is completely out of touch with what voters want.
3rd, i kind of like the idea of him jumping in. He has no hope hope of winning, but he will pull centrist and upper middle class support away from other candidates. People like Warren, Butigeg and, to a lesser degree, Biden should be worried about losing a few points to Bloomberg. They also might have to worry about him taking their donors which could really hurt. Biden in particular is low on cash and needs those super pacs working over time for him. if they switch to bloomberg that would be bad for him.
A candidate like Sanders will lose no support at all to someone like Bloomberg. Which to me makes it good news as it will weaken others and give Sanders a billionaire foil to play off of.