Michael Bloomberg says he's once again a registered Democrat

Blanche Robertson
October 11, 2018

Former New York City Mayor Michael Bloomberg has switched over to the Democratic Party - a move that could ultimately set up a presidential run to oppose Donald Trump in two years.

Bloomberg, who was elected mayor as a Republican and an Independent, has been toying with the idea of running for president in 2020 as a Democrat.

The billionaire philanthropist posted news of his latest party affiliation on social media, saying that the Democratic party needs to step up and act as a "bulwark" against "those who threaten our Constitution".

The billionaire business mogul - who endorsed Hillary Clinton over President Trump in the 2016 election - is heavily invested in helping elect Democrats in congressional midterm elections on November 6. He has vowed to spend at least $100 million - $80 million on House races and $20 million on Senate races.

CBS2's Political Reporter Marcia Kramer previously reported Bloomberg is actively considering a run for president in 2020, making him the oldest and richest person to seek the job.

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Bloomberg has thrown money and support behind Democrats and is attacking Republicans on abortion and gun policies.

"Truth be told, the richest thing about Donald Trump is his hypocrisy", Bloomberg said in his speech at Democratic National Convention in July 2016.

The move underscores the liberal-leaning politician's belief, articulated last month in aNew York Times article, that only a candidate aligned with a major political party can win the White House.

Bloomberg has teased many times that he could run for president.

"It's impossible to conceive that I could run as a Republican - things like choice, so numerous issues, I'm just way away from where the Republican Party is today", Bloomberg said last month.

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