Breaking Down Bloomberg’s Bid
In 2020, a new US Presidential election comes due. It’s Trump (and potentially a few Russians!) versus whoever’s brave enough to throw their hat into the ring. Campaigning is already in full swing, and there’s a familiar face on the poll card for investors, former Mayor Mike Bloomberg!
Billionaire, New York Mayor, helicopter pilot… Bloomberg can tick off many things. He’s political, and for the Democratic National Party’s midterm runners last year, he ran the finances. Now it seems he wants to go one better. He wants to do as he’s always fancied; run the country!
Having made his money monopolizing real-time financial information on Wall Street, investors may prefer him to Donald Trump as a Presidential businessman. However, it’s not investors whom Bloomberg has to win over. It’s the electoral colleges, ultimately!
To convince voters to change his life and not some other Democratic runner’s, Mike’s fashioned a game plan. His appeal is centrist. He says he doesn’t want to put forth “a pie in the sky,” and considers himself a moderate tempering his progressive ideas. He’s all for gun control and feels strongly about the climate crisis, so his best bet may be to pinch voters from former Vice President Joe Biden and Mayor Pete Buttigieg (that’s Boo-tuh-judge). They’ll be more open to his theories than Bernie and Warren fans.
12-15% of the American electorate falls in the “moderate” bucket. That’s about 49 million people. For one, the former White House Communications Director says that if Bloomberg wins the democratic nomination, “Trump fatigue” could see him win a billionaire versus billionaire showdown. Will the numbers on his bank account help him or hinder him? The market is paying close, close attention.
