Daily Management Review

Michael Bloomberg Refused to Fight for the Seat of President of the United States


The billionaire, media mogul and former New York City Mayor Michael Bloomberg announced that he has decided not to participate as an independent candidate for the US president office. He wrote about this in his column on the website BloombergView.

Ralph Alswang
Ralph Alswang
Bloomberg explained his decision by saying he does not believe in the possibility of victory in the elections. "I think I could win in a number of electoral votes, but not enough to get the 270 electoral college votes needed to win the presidential elections", - said the politician.

The former New York mayor also said he did not want to risk because he would then give a chance the Republicans to win in the presidential race. "Given the situation in the presidential race so far, when the heads of both chambers are Republicans, there is a high likelihood that my candidacy will lead to the election of Donald Trump or Senator Ted Cruz", - said the billionaire, stressing that it is a risk that he cannot take.

At that, Bloomberg expressed the view that the current presidential candidates do not offer concrete solutions and distribute promises that cannot be fulfilled. Speaking about Trump’s campaign, Bloomberg called it "the most demagogic" of all that he can recall, and said that Trump is "profiting from fears and prejudices of the people."

The billionaire refused to speak in support of any candidate, saying that he would urge voters not to succumb to the radical promises and require candidates to put forward "a more concrete and realistic ideas for the elimination of inequality and solving problems."

In early February, Bloomberg announced that he is considering a run for the US presidency, noting that the level of political debate in the country is "woefully banal", and it offends the American voters. He added that the public deserves something "much better."

In January, the newspaper The New York Times wrote that Bloomberg instructed advisers to develop a plan to participate in the presidential race as an independent candidate, for which he planned to allocate a billion dollars.

At the moment, former US Secretary of State Hillary Clinton is leading in the fight for the presidency among Democrats; Republicans are presented by billionaire Donald Trump. In July 2016, the Democrats and the Republicans will hold the National Convention, where the party candidates will be elected. US presidential election will be held on 8 November.

Michael Bloomberg is one of the richest people in the world according to Forbes. His fortune is estimated by Forbes magazine at 40.2 billion dollars.

Bloomberg worked mayor of New York for 12 years and left that post in December 2013. In the metropolis during this time he was able to reduce 19 percent of greenhouse gas emissions into the atmosphere. By 2030, this figure should be reduced by another 11 percent.

source: bloombergview.com

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