Michael Bloomberg becomes Democrat again, looks at presidential run

Michael Bloomberg becomes Democrat again, looks at presidential run

Billionaire businessman and former NY mayor Michael Bloomberg, who has not yet ruled out a presidential run in 2020, said Wednesday he has registered as a Democrat, switching camps again.

He had been a longtime Democrat before registering in 2001 as a Republican ahead of his first NY mayoral run.

"I'm just way away", Bloomberg told the paper, "from where the Republican Party is today", adding that he also doesn't fall in line with all of the Democratic Party's politics.

He later became an Independent.

'At key points in US history, one of the two parties has served as a bulwark against those who threaten our Constitution. It notes that last month he said in a New York Times interview that he believes a third-party candidate can not win the presidency, and that were he to run, he would do so as a Democrat.

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The billionaire business mogul - who endorsed Hillary Clinton over President Trump in the 2016 election - is heavily invested in helping elect Democrats in congressional midterm elections on November 6.

He has entertained the idea of a presidential run before but never generated enough traction to establish himself as the kind of outsize political force his fellow NY billionaire has become. Last week, he announced he was putting $20 million behind Democratic efforts to flip the Senate. He campaigned for Hillary Clinton in 2016 and gave a speech supporting her nomination at the Democratic National Convention.

Bloomberg says on social media he did so "because we need Democrats to provide the checks and balance our nation so badly needs".

The move underscores the liberal-leaning politician's belief, articulated last month in aNew York Times article, that only a candidate aligned with a major political party can win the White House.

He has said he would make a decision on the presidency after the midterm elections.

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