Could Bloomberg Win The Nomination? (The Answer Is NO!)

This chart reflects the results of the November 3-5 Economist/YouGov Poll.


Last March, New York billionaire Michael Bloomberg ended speculation that he might run for the Democratic presidential nomination. But he seems to be once again considering it. His campaign is entering his name as a candidate in Alabama (the state with the earliest deadline for candidacy -- yesterday).

Aides say he will make a decision on whether to run in about a week. Why is he doing this?

He will tell you that he thinks a moderate must be nominated to defeat Trump. I think it's because it is starting to look like Elizabeth Warren has a chance of winning the nomination -- and Bloomberg, like some other billionaires, is afraid of that. While Bloomberg may have some liberal ideas (guns, gays, etc.), he is not an economic liberal. He likes the Republican economic plan (to give more to the rich and claim that helps everyone). And that is why Democrats should and will not nominate him if he runs.

Democrats don't want a billionaire heading their party. Ask Tom Steyer. Steyer has spent more money than any other trying to get the Democratic nomination -- about $47 million dollars. And the best he can do in any poll is about 2% or 3%.

The truth is that, while Bloomberg may not be satisfied with the current crop of Democratic candidates, the Democratic voters are (see the chart above). Nearly 4 out of 5 Democratic voters say they are satisfied with the candidates in the race -- the choices they already have. There is no clamoring for another candidate -- not Bloomberg or anyone else.

If Bloomberg is back, then he needs to go away again. He cannot win the nomination. Like Steyer, he would just be wasting a lot of his own money.

Democrats don't want, and won't nominate a billionaire with no experience to be their candidate.