President Trump says Bloomberg would not do well in 2020

Senator Elizabeth Warren is running a progressive campaign based on higher taxes for the very wealthy

And, with Michael Bloomberg, the three-time former Mayor of NY now competing for Democratic Presidential primaries, it seems that things are going to be very hard for the top Democratic hopefuls - Joe Biden, Elizabeth Warren, and Bernie Sanders.

But the announcement came due to the Democratic Party's divisive and crowded primary field.

He initially decided last winter that he would not challenge Trump in 2020, in large part because he concluded he could not win the Democratic nomination with Biden in the race, as a formidable standard-bearer for the party's moderate wing.

So while Bloomberg will be a longshot in the race, it will be interesting to see if he can gain momentum and angle towards a showdown with Trump.

Mr Bloomberg has spent the past few weeks talking with prominent Democrats about the state of the race, expressing concerns about the steadiness of former vice-president Joe Biden's campaign and the rise of liberal MA senator Elizabeth Warren, according to people with knowledge of those discussions who spoke on condition of anonymity.

Bloomberg's candidacy has the potential to upend the Democratic race less than three months before primary voting begins.

Among those Bloomberg has reached out to is Tom Vilsack, the former Iowa governor who remains popular in the state.

The 77-year-old has spent the past few weeks talking with prominent Democrats about the state of the Democratic campaign, expressing concerns about Joe Biden and the rise of liberal firebrand Elizabeth Warren.

But why is Bloomberg expected to file for a presidential campaign?

"It is nearly like he is running since this billionaire would like to prevent Elizabeth Warren", Brad Bannon, a Democratic Party strategist who advises innovative groups and labor unions", said of Bloomberg.

Bloomberg has often flirted with the idea of running for president in the past, but has repeatedly balked at the opportunity.

"More billionaires seeking more political power is surely not the change the United States needs", said Sanders campaign manager Faiz Shakir. "He is the foil".

Democratic Party leaders in Iowa and New Hampshire are welcoming billionaire Michael Bloomberg to join the 2020 presidential race. He has defended the New York Police Department's use of the controversial stop-and-frisk policy that has been criticized as targeting African Americans and Hispanics. And black voters are crucial for the Democrats. New Hampshire's filing deadline is November 15. Wins there would give Biden momentum heading into the 14 Super Tuesday primaries, the memo states.

On Sunday, Klobuchar denied a reported rift between her campaign and that of Buttigieg. It means a candidate can enter the race for the February 3 leadoff contest at any time.

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