Michael Bloomberg Says He Will Not Run for President – Bashes Trump and Cruz
Former New York City Mayor Michael Bloomberg announced he will not run for president today. The anti-gun billionaire lashed out at Republicans Donald Trump and Ted Cruz in his press release.
Bloomberg View reported:
Americans today face a profound challenge to preserve our common values and national promise.
Wage stagnation at home and our declining influence abroad have left Americans angry and frustrated. And yet Washington, D.C., offers nothing but gridlock and partisan finger-pointing.
Worse, the current presidential candidates are offering scapegoats instead of solutions, and they are promising results that they can’t possibly deliver. Rather than explaining how they will break the fever of partisanship that is crippling Washington, they are doubling down on dysfunction.
Over the course of American history, both parties have tended to nominate presidential candidates who stay close to and build from the center. But that tradition may be breaking down. Extremism is on the march, and unless we stop it, our problems at home and abroad will grow worse.
Many Americans are understandably dismayed by this, and I share their concerns. The leading Democratic candidates have attacked policies that spurred growth and opportunity under President Bill Clinton — support for trade, charter schools, deficit reduction and the financial sector. Meanwhile, the leading Republican candidates have attacked policies that spurred growth and opportunity under President Ronald Reagan, including immigration reform, compromise on taxes and entitlement reform, and support for bipartisan budgets. Both presidents were problem-solvers, not ideological purists. And both moved the country forward in important ways.
Over the last several months, many Americans have urged me to run for president as an independent, and some who don’t like the current candidates have said it is my patriotic duty to do so. I appreciate their appeals, and I have given the question serious consideration. The deadline to answer it is now, because of ballot access requirements…
…it’s clear to me that if I entered the race, I could not win. I believe I could win a number of diverse states — but not enough to win the 270 Electoral College votes necessary to win the presidency.
In a three-way race, it’s unlikely any candidate would win a majority of electoral votes, and then the power to choose the president would be taken out of the hands of the American people and thrown to Congress. The fact is, even if I were to receive the most popular votes and the most electoral votes, victory would be highly unlikely, because most members of Congress would vote for their party’s nominee. Party loyalists in Congress — not the American people or the Electoral College — would determine the next president.
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.
Read the rest here.