Michael Bloomberg, the predecessor of New York City Mayor Bill de Blasio, has recently reported a serious consideration for becoming the latest addition to the lineup of Democrats vying for the presidency. Bloomberg’s running does not come as a surprise to many, and this is not the first time that the business has grappled with the notion of running for the presidency, and it is no secret that he has a strong distaste for current incumbent Donald Trump. However, given the fact that he is joining the lineup so late in the process, many questions if it is even possible for the man to accumulate a solid base of supporters in such a short timeframe, given that state primaries and caucuses lie only a few months away.
In terms of funding, Bloomberg is in the best state out of any candidate, being one of the wealthiest people in the entire world. Given that, It is safe to say that Bloomberg’s advertising budget holds no limits, which is more than can be said for certain other candidates. The majority of polls conducted by media outlets point to Joe Biden for being the top runner, leagues ahead in votes of both Bernie Sanders and Elizabeth Warren. That being said, recent campaign reports have stated that Biden is lagging significantly behind in campaign funds, retaining less than 10 million dollars, which is only a third of what Biden and Warren currently have on hand. However, despite Warren and Sanders’ economic advantage over their opponents, If Bloomberg were to run, he would undoubtedly be placed leagues ahead of both of them, at least in terms of campaign funding.
Bloomberg’s relative silence in the beginning stages of this race may very well play to his advantage. Much of the Democratic party is divided among the vast number of candidates. In contrast to the Republican party, which is, for the most part, completely unified under Trump’s campaign. This division has unfortunately pitted many of the Democrats against one another, rather than at their true opposition. Bloomberg may be a breath of fresh air to Democratic voters weary of the clash between candidates. The proverb, “A house divided against itself cannot stand” applies to the current state of the Democratic primaries, the vehement loyalty to either borderline radical candidates such as Sanders, and middle-of-the-line ones such as Biden places the Democrats in a very precarious position. Perhaps Bloomberg, an independent, can assist in reuniting the party into a once again, relatively undivided caucus.
Regardless of whether or not Bloomberg does fit his way into the Democratic primaries, is irrelevant to the fact that his voice will undoubtedly have a significant impact on not only the primaries but the general election as well. Donald Trump being able to fund his campaign out of pocket can be matched with Bloomberg's endorsement of another candidate. Furthermore, Bloomberg’s words do carry a lot of weight with voters, especially independents, and his endorsement of a candidate could swing anti-Trump Republicans and libertarians to the left. While Bloomberg’s running is not guaranteed at this current point in time, his presence in this election likely is likely to have considerable effects in the coming months, and his voice, and amount of money that he is known for can certainly give Trump “a run for his money”.