NEW: Billionaire businessman and former NYC Mayor Michael Bloomberg announces that he won't run for president in 2020.
"I believe I would defeat Donald Trump," Bloomberg said. "But I am clear-eyed about the difficulty of winning the Democratic nomination."
Michael Bloomberg speaks at a news conference at a gun control advocacy event on Feb. 26, 2019, in Las Vegas.Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.Billionaire businessman and former New York City Mayor Michael Bloomberg announced Tuesday that he won't run for president in 2020.
"It’s essential that we nominate a Democrat who will be in the strongest position to defeat Donald Trump and bring our country back together," he said."We cannot allow the primary process to drag the party to an extreme that would diminish our chances in the general election and translate into 'Four More Years.'"
"Many people have urged me to run," he continued."Some have told me that to win the Democratic nomination, I would need to change my views to match the polls. But I’ve been hearing that my whole political career."Bloomberg said he has grown increasingly"frustrated by the incompetence in the Oval Office," adding that he knows"we can do better as a country."
"And I believe I would defeat Donald Trump in a general election," he said."But I am clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field."Bloomberg, who has changed his party affiliation on multiple occassions, would have occupied a moderate lane in the Democratic primary. But with the likes of Sen. Amy Klobuchar, D-Minn.
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