Kellyanne Conway: Bloomberg entering 2020 race exposes 'underwhelming' Dems

Kellyanne Conway: Bloomberg entering 2020 race exposes 'underwhelming' Dems

Billionaire Michael Bloomberg, as he prepares to enter the Democratic presidential race, is set to launch a major ad campaign against President Donald Trump.

No one denies his business acumen, which took him from a middle-class early life north of Boston to his exalted status as one of the world's most powerful media moguls.

"Mike believes every American should have access to affordable medical care, and expanding Obamacare and Medicare is the best way to achieve universal coverage", Bloomberg's website states. "He can not be bought".

The eleventh richest person in the world running while others are demanding people with riches like him shouldn't control the world raised many eyebrows and garnered many a exhausted sigh. Bloomberg, who only officially became a Democrat past year, is considered a centrist and was convinced to run by former Vice President Joe Biden's perceived inability to lock down the moderate vote.

Bloomberg, who served three terms as New York's mayor, announced his 2020 candidacy in a video and statement on Sunday, saying he's challenging Trump "to rebuild a country and restore faith in the dream that defines us". Several candidates, including Sens. Amy Klobuchar, swiped at Bloomberg as she campaigned over the weekend in New Hampshire.

"I welcome the competition", he said.

"We have special interests that corrupt Washington and block progress on all of these issues". "We can not afford four more years of President Trump's reckless and unethical actions", Bloomberg said in a statement announcing his candidacy.

Already, Bloomberg has vowed to spend at least $150 million of his fortune on various pieces of a 2020 campaign, including more than $100 million for internet ads attacking Trump, between $15 million and $20 million on a voter registration drive largely targeting minority voters, and more than $30 million on an initial round of television ads. Trump donates his salary each quarter to different departments of the federal government.

Counselor to the President Kellyanne Conway on November 24 told CBS that Bloomberg's entry into the race showed that "the Democratic field is underwhelming".

Bloomberg is poised to run as a centrist and analysts suspect that he could take away some of the support enjoyed by fellow moderate Biden. The rules of entry, as set by the Democratic National Committee, now require participants to meet a polling threshold and raise donations from tens of thousands of voters.

According to CNBC, Bloomberg's campaign communications director Jason Schecter said, "Mike has never accepted campaign contributions and never will".

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