Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Michael Bloomberg, weighing presidential bid, appears in Arkansas to enter ballot

Published 11/12/2019, 07:14 PM
Updated 11/12/2019, 07:14 PM
© Reuters. Michael Bloomberg eats lunch in Arkansas

By Ginger Gibson

NEW YORK (Reuters) - Michael Bloomberg, the billionaire media mogul and former New York City mayor, added his name to the Democratic primary ballot in Arkansas on Tuesday as he continued to publicly toy with running for president.

Bloomberg has not officially said whether he will run in the 2020 race, but has acknowledged he is considering a bid and qualified on Friday for the Alabama ballot. Each U.S. state conducts separate qualifying processes.

Bloomberg's possible entry comes amid reports that former Massachusetts Governor Deval Patrick is also considering entering the Democratic race and a flurry of speculation that the party's previous nominee, Hillary Clinton, may run again.

The heated talk of late entry by party stalwarts shows the volatility of the race, which already has nearly 20 candidates jostling for the party's nod to run against Republican Donald Trump, even after more than a half a dozen other Democrats have dropped out.

It also highlights Democrats' worries that the candidacy of frontrunner Joe Biden, who served as vice president under Democrat Barack Obama, may be weakening. The apparent ascendance of Massachusetts Senator Elizabeth Warren also worries many Democrats, who fear the liberal firebrand may not draw enough enthusiasm among moderate voters and Republicans who dislike Trump to propel a winning campaign against him.

On Tuesday, Clinton told a BBC interviewer that she was under "enormous pressure" from supporters to jump into the race for the party's nomination, and declined to rule out the possibility when pressed. Still, Clinton said, "As of this moment...that is absolutely not in my plans."

Patrick, the former governor, is considering jumping in, media outlets including the New York Times reported. His representatives did not respond to requests for comment from Reuters.

If he were to run, Bloomberg would try to position himself as a moderate with a track record of success who could challenge Trump's business experience.

While it is not required that a candidate appear in person, Bloomberg traveled to Little Rock, the Arkansas capital, to officially add his name to the state's ballot, according to a Twitter post from the Arkansas Democratic Party.

Tuesday is the last day for candidates to qualify to be on the presidential primary ballot in Arkansas.

The decision to run would be an about-face for the 77-year-old Bloomberg, who said in March that he would not seek the White House.

Ranked by Forbes as the eighth-richest American, with an estimated net worth of $53.4 billion, his potential bid drew immediate criticism that he was just another wealthy businessman trying to buy an election.

His late entry into the race would force Bloomberg to play a quick game of catch-up to build the sort of campaign infrastructure his rivals have spent months constructing.

As a result, Bloomberg will skip early contests like the Feb. 3 caucus in Iowa and emphasize later voting states where his rivals will not have as big an organizing advantage, starting with the Super Tuesday primaries in at least 15 states, including Alabama and Arkansas, on March 3.

Biden, asked whether Bloomberg could successfully skip the four early states, argued it might not be possible to make up for lost ground.

© Reuters. Michael Bloomberg eats lunch in Arkansas

"Michael is a talented man, has a little bit of money and can be engaged as long as he wants," Biden said in Grinnell, Iowa, on Monday. "But I just think that the way the system is set up now, there are four gates you have to get through to get to Super Tuesday and on, and they are Iowa caucus, New Hampshire primary, Nevada caucus and South Carolina primary."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.