Published: Fri, October 12, 2018
Worldwide | By Jermaine Blake

Mike Bloomberg Goes Back to Democratic Party

Mike Bloomberg Goes Back to Democratic Party

Billionaire businessman and former NY mayor Michael Bloomberg, who has not yet ruled out a presidential run in 2020, said today he has registered as a Democrat, switching camps again.

Bloomberg says, "At key points in US history, one of the two parties has served as a bulwark against those who threaten our Constitution".

In an Instagram post on Wednesday morning he said he re-registered to the party he had supported for most of his early life because "Democrats provide the checks and balance our nation so badly needs".

Bloomberg, who founded the media and financial data company of the same name, has considered running for the top job in the past.

"I'm getting a spot ready on my lawn for the Bloomberg 2020 sign!", one person wrote. He weighed running for the presidency in 2016 but ultimately endorsed Hillary Clinton in a high-profile speech at the Democratic National Convention.

Meanwhile, the reaction was far less enthusiastic on Twitter.

Former New York City Mayor and UN Special Envoy for Climate Action Michael Bloomberg speaks at World Bank/IMF Spring Meetings, in Washington, April 19, 2018.

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Michael Bloomberg began publicly dropping hints of a 2020 presidential run back in June, and reports were circulating by September that he had officially begun to actively plan his campaign.

Bloomberg was elected mayor of New York City as a Republican in 2001 and re-elected in 2005. "So if you ran, yeah, you'd have to run as a Democrat".

"I'm working on this November 6 election, and after that I'll take a look at it", he told the Times.

FILE - Hundreds of demonstrators march across the Brooklyn Bridge to call for tougher gun control laws, June 14, 2014, in NY.

In 2007, Bloomberg renounced his allegiance to the GOP and managed to win a third term in 2008 without either of the two dominant parties in American politics - though he did stick close to the presidential candidates of his first love, the Democratic Party.

To that end, the former mayor announced that he'll give a record $80 million to the Democrats to flip the House from the current Republican majority.That was followed by a pledge of $20 million made last week to the top Senate Democratic super PAC.

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