Michael Bloomberg recently announced that he will seek the Democratic
Party nomination for president in 2020. Unlike late comers such as
Deval Patrick he actually has a chance to win the nomination or to play a
role in choosing someone else. His weapon is not in any of his policy
provisions but in his bank account. Bloomberg has an estimated net worth
of $55 billion, a figure which makes him among the richest people on
the planet. Like the old joke about the 900 pound gorilla he can do
whatever he wants, including prevent a progressive from getting the
nomination.
Bloomberg says he is “Running for president to stop Donald Trump and
rebuild America.” In reality he is running to stop Bernie Sanders
because he knows that given a level playing field Sanders would emerge
triumphant. Bloomberg’s strategy is to skip the early states and focus
on Super Tuesday in March. This plan is a sign that he is more
interested in being a spoiler than in actually being president himself.
-- Margaret Kimberley, "Freedom Rider: Say No to Bloomberg" (BLACK AGENDA REPORT).