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Posts Tagged ‘Michael Bloomberg’

Michael Bloomberg Says He Won’t Run for President in 2016

Wednesday, March 9th, 2016

Michael Bloomberg, the billionaire former three-term mayor of New York, said he’s decided against entering the 2016 presidential race, removing one of the remaining uncertainties in what already has been an unusual and unpredictable election year.

Bloomberg, 74, who had said the 2016 presidential campaign has been marred by appeals to extremism and was an insult to voters, was expected to spend a sizable amount of his own fortune if he entered the race. Bloomberg is the founder and majority owner of Bloomberg News parent Bloomberg LP.

Bloomberg also said his candidacy risked dividing the vote and throwing the election into Congress. “As the race stands now, with Republicans in charge of both Houses, there is a good chance that my candidacy could lead to the election of Donald Trump or Senator Ted Cruz. That is not a risk I can take in good conscience,” Bloomberg wrote.

There have been several prominent independent or third-party presidential candidates during the past century, most recently Ralph Nader in 2000, Ross Perot in 1992 and 1996, and John Anderson in 1980. Perot won 19 percent of the popular vote nationwide in 1992, but carried no states and won no electoral votes. The last such candidate to secure any electoral votes was segregationist George Wallace in 1968.

At a town hall event in Detroit televised by Fox News, Sanders offered muted reaction to Bloomberg’s announcement.

“That’s his decision,” Sanders said. The Democrat said it’s a “bad idea for American democracy that the only people who feel they can run for president” are wealthy.

The road to the White House

Tuesday, February 2nd, 2016

Americans will elect the 45th President of the United States on November 8, 2016. President Barack Obama is ineligible for re-election due to term limits established in the Constitution. The winner of the 2016 presidential election will be sworn into office on January 20, 2017.

Candidates

The following candidates are running for the Democratic, Republican, Libertarian or Green Party presidential nomination. They have been recognized by their party by (1) receiving an invitation to participate in a primary debate, (2) being included in national polls, or (3) making their party’s primary ballot in at least 75 percent of states that have held their filing deadlines. With the February 1 Iowa caucus right around the corner, 3 Democrats and 11 Republicans are still in the presidential race.

 

Click on a candidate’s name for a detailed overview of his or her policy positions and 2016 presidential campaign.
Democrats

Hillary Clinton

Bernie Sanders  
Republicans

Jeb Bush
Ben Carson
Chris Christie
Ted Cruz

Carly Fiorina
Jim Gilmore
John Kasich
Rand Paul
Marco Rubio
Rick Santorum
Donald Trump
Third party candidates

Gary Johnson (Libertarian)
Jill Stein (Green)
Potential: Michael Bloomberg (Independent)