Bloomberg Launches a Bold, Unique Strategy for Clenching the Democratic Nomination

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Varney said this is a "huge problem" for Biden, being that Bloomberg is the stronger of the two.

And if he were to launch a presidential campaign, it remains to be seen whether he could radically restructure the Democratic contest in less than three months before primary voting begins.

The billionaire media mogul, who has not formally confirmed his candidacy, submitted on Friday the documents to meet Alabama's filing deadline.

"I don't think you can just hopscotch around the calendar to suit your own political purposes", Democratic strategist Bill Carrick said. Bernie Sanders (I-Vt.), if he officially joined the race.

Former Vice President Joe Biden welcomed businessman Michael Bloomberg potentially jumping into the Democratic primary, dismissing the notion that it's a reflection of his performance in the race. Axios wrote that Bloomberg "increasingly became concerned that all the leading Democrats have weaknesses Trump could exploit in the general election".

Mr Bloomberg, a Republican-turned-independent who registered as a Democrat past year, has flirted with a presidential run before but ultimately backed down, including in 2016.

Bloomberg has criticized Warren and his plan to institute a super-rich tax if he is elected as president to fund programs ranging from universal medical care to free university tuition.

Democrats, however, don't see how his strategy can be successful.

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Bloomberg, whose net worth is reported to be $52 billion, has stressed climate change and gun control as key concerns.

On Thursday, the news broke that Bloomberg was again thinking about running for president.

"There are smart and influential people in the Democratic Party who think a candidate like Bloomberg is needed", said Jennifer Palmieri, who advised Clinton's 2016 campaign.

"With regard to Michael Bloomberg, I welcome him in the race", Biden said.

Pro-Trump groups have already raised more than $300 million U.S. in 2019 as they prepare for the 2020 election fight. The New Yorker certainly has greater name recognition than the billionaire who's already running for the Democratic nomination - hello, Tom Steyer - but it's not unreasonable to be skeptical of Bloomberg's chances. Still, I would have to build a multi-state organization on the go.

If the DNC primary did not feature a stark contrast of ideology, between the more moderate Biden campaign and the progressive Sanders and Warren campaigns, Bloomberg would have most likely sat out of the 2020 primary.

During his mayoral office, Bloomberg supported New York Police Department's use of the controversial stop-and-frisk policy that critics said targets African Americans and Hispanics. And black voters are crucial for the Democrats.

"We have enormous respect for the Democratic primary process and many friends in those states", Wolfson said in a statement. In fact, that deadline is today, which is why, as the New York Times' report put it, Bloomberg is "expected to file paperwork this week designating himself as a candidate in at least one state".

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