Michael Bloomberg won't challenge Donald Trump in 2020 US elections

Ex-NYC Mayor Bloomberg won't run for president in 2020

Bloomberg would have used his own money to run, avoiding accusations of doing favors for donations, although some believed his money would go against him as some Democrats have warned against self-funding.

Beyond Carbon is the name for the campaign Michael Bloomberg has announced that he will be working on in lieu of a presidential run.

The former three-term mayor had said he was seriously considering a bid for the Democratic nomination after opting not to run as an independent in 2016.

He encouraged Democrats on Tuesday to unify behind a nominee who could beat Trump, a not-so-subtle dig against candidates pushing the party to embrace liberal priorities such as "Medicare-for-all".

So, Bloomberg argued he'll do more good by staying out of the race and focus on using his vast wealth to help Democratic causes and subvert Trump's right-wing agenda. I've long said there isn't room for centrist moderation in either party and it appears Mr. Bloomberg has come to the same conclusion.

"Bloomberg, the former New York City mayor who joined the Democratic Party a year ago to crusade against President Trump, has decided not to challenge Mr. Trump as a candidate in the 2020 election", reports the New York Times.

Former Vice President Joe Biden speaks at the Chuck Hagel Forum in Global Leadership, on the campus of the University of Nebraska-Omaha, in Omaha, Neb., Feb. 28, 2019. Bloomberg, a former Republican, also cautioned Democrats not to allow unnamed outsiders to "drag the party to an extreme that would diminish our chances in the general election".

Democratic Senator Edward Markey of MA, who has been working with Ocasio-Cortez on climate change policy, said Bloomberg would play a central role in the coming effort to reduce carbon emissions.

He added that he will launch a campaign named Beyond Carbon, which focuses on moving the United States away from oil and gas and toward a 100-percent clean energy economy. His team has been preparing a massive data-driven effort to help defeat President Donald Trump.

Rather than an asset, Bloomberg's wealth could have been considered a knock against the former NY mayor, given that Democrats like Sen. "Some people don't run, and you don't hear from them again". "She will be sorely missed!"

While Bloomberg lamented the slim chances of major gun control legislation passing Congress, he touted the progress made on the issue at the state level, efforts that are likely to continue throughout the 2020 campaign.

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