Michael Bloomberg

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Bloomberg Registers As Democrat, Fueling Speculation Of A Presidential Run

October 10, 2018 - 10:54 am

NEW YORK (WCBS 880/AP) -- Michael Bloomberg is once again in the blue column.

The former New York City mayor announced Tuesday he is once again registered as a Democrat, which would be especially significant if he decides to challenge President Donald Trump in 2020

At key points in U.S. history, one of the two parties has served as a bulwark against those who threaten our Constitution. Two years ago at the Democratic Convention, I warned of those threats. Today, I have re-registered as a Democrat – I had been a member for most of my life – because we need Democrats to provide the checks and balance our nation so badly needs.

A post shared by Mike Bloomberg (@mikebloomberg) on

The 76-year-old Bloomberg says he changed his party affiliation "because we need Democrats to provide the checks and balance our nation so badly needs."

Bloomberg did not say when he might make a decision on running for president. He served three terms as New York City mayor and has variously been a Democrat, a Republican and an independent. He twice flirted with running for president as an independent candidate.

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

So does he have a shot at winning the 2020 Democratic nomination?

Baruch College professor of public affairs Doug Muzzio doesn't think so.

"His biography just doesn't do it. He is a mogul," Muzzio said. "He is the 11th richest man in America. Can he talk to the progressives who want radical change in the operation of American government and the economy? Mike Bloomberg is not that guy."

Political strategist Hank Sheinkopf believes Bloomberg has the issues.

"Mike Bloomberg has been leading the environmental charge, he's been among the first to talk about global warming and putting his money where his mouth is to do something about it," Sheinkopf said. "He's been right on gun control and gun reform. He's been a reformer. He certainly knows a good deal about monetary policy and about banking and about protecting the economy. He's got the right bonafides to start a campaign."

Sheinkopf  adds, "The question is does Mike Bloomberg have a realistic opportunity to grab the Democratic nomination and the answer is this far out why not. It'll be a battle but he's taken other battles on before in the political arena and won them. Who thought he'd be mayor for three terms? And who thought he'd have the kind of influence nationally and internationally?"

What about the question of age? If he were to win the Democratic nomination, Bloomberg would be a 78-year-old presidential candidate. 

Sheinkopf says the actuarial tables are with Bloomberg, noting that Bloomberg's mother lived to be more than 100 years old. 

(© 2018 WCBS 880. The Associated Press contributed to this report)