Michael Bloomberg takes step towards United States presidential run

City mayor Michael Bloomberg speaks at a news conference at a gun control advocacy event Feb. 26 2019 in Las Vegas

Bloomberg's team submitted paperwork and he qualified to run in the Alabama primary on Friday afternoon, the state's Democratic Party confirmed.

Bloomberg announced earlier this year that he would not seek the Democratic nomination.

His consideration stands in contrast to the position he held in March, writing in an op-ed that he was "clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field".

Bloomberg is taking steps to enter the primary because of his concerns that none of the current Democratic hopefuls can beat President Donald Trump.

Still, his advisers acknowledge his late entry to the race could make competing in states like Iowa and New Hampshire, which have been blanketed by candidates for almost a year, difficult.

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

"He's not going to do well, but I think he's going to hurt Biden actually", Mr Trump said. He again looked seriously at a presidential bid earlier this year, travelling to early voting states and conducting extensive polling, but decided not to run in part because of Biden's perceived strength.

In any event, the Democratic contenders should keep their eyes on the other NY billionaire, the one scuttling the Constitution, paying a $2 million fine for running a scam foundation ("The president admitted, among other things, to improperly arranging for the charity to pay $10,000 for a 6-foot portrait of him") and facing impeachment for soliciting a bribe from Ukraine.

Democratic Party leaders in Iowa and New Hampshire are welcoming billionaire Michael Bloomberg to join the 2020 presidential race.

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If he does get on the ballot in Alabama, Bloomberg will have to register in other states that have later filing deadlines. Biden's front-runner status has been vigorously challenged by Warren and Vermont Sen.

Complicating matters, he's not alone: "the Washington Post's Eugene Robinson noted late yesterday that he spoke to a reliable source who told him former Attorney General Eric Holder "has been consulting strategists" about also possibly jumping into the 2020 presidential race".

'He doesn't have the magic to do well, ' Trump told DailyMail.com as he departed the White House Friday for a day trip to Georgia.

Speaking to reporters, Mr Trump said of the billionaire businessman: "There is nobody I'd rather run against than little Michael".

Despite a historically large field, some Democrats anxious about defeating Trump have been looking for other options.

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

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

What viewpoint or skill set is missing from the field that Bloomberg possesses - other than the ability to annoy fellow New Yorker Trump, who is worth a pittance (even by his own exaggerated estimate) compared to Bloomberg, who is reportedly worth $52 billion?

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