Michael Bloomberg
| Michael Bloomberg | |
 | |
| Basic facts | |
| Location: | New York, N.Y. |
| Affiliation: | Democratic |
| Education: | •Johns Hopkins University •Harvard Business School |
| Website: | Official website |
Michael Bloomberg announced that he was running for president of the United States on November 24, 2019.[1] He suspended his presidential campaign on March 4, 2020, and endorsed former Vice President Joe Biden.[2]
He is a former three-term New York City mayor. Bloomberg was previously considered a possible 2016 presidential candidate.[3]
In 2019, Bloomberg had an estimated net worth of $52 billion. In the late 1980s, Bloomberg developed computer terminals with real-time financial information and several media outlets.[4][5]
Career
Early career
After graduating with an MBA from Harvard, Michael Bloomberg began working on Wall Street with the investment firm Salomon Brothers in 1966. He made partner with the firm in 1972 and became the head of equity trading and sales in 1976. In 1979, he transferred to the company's information systems division and was in charge of implementing computer technology in the firm's practice. In 1981, the company restructured and Bloomberg left with a severance package. He used the money to start Bloomberg LP, a service "that gave investors real-time access to Treasury bond prices."[6] Bloomberg LP operates news services around the world, including Bloomberg Professional Services and Bloomberg Businessweek.[7]
Mayor of New York
- See also: Elections
Michael Bloomberg ran for Mayor of New York City three times as a Republican. He briefly switched to become independent in 2007 but ran as a Republican for his final mayoral race in 2009. When he left office in 2013, his legacy as mayor was contested. The BBC reported that Bloomberg had "tried to turn the city into a laboratory for civic renewal and reform." They went on to say, "New York has changed in other ways, too, whether it is in the proliferation of bike lanes, the introduction of a bike sharing scheme, or the redevelopment of large swathes of the city. Some 40,000 new buildings have been constructed since he took office. A third of the city has been "re-zoned," easing the path for developers."[8]
NPR noted that Bloomberg was also seen as "tone-deaf to people who were struggling." NPR noted, "At the same time that Bloomberg was celebrated for bike paths, smoking bans and glittering skyscrapers, hundreds of thousands of young minorities were experiencing a very different city at the hands of New York's police. Under the "stop and frisk" policy, they could be stopped and searched without a warrant."[9]
In assessing his time as mayor, The New York Times emphasized that Bloomberg "ran New York City efficiently and, ultimately, extremely well." The paper noted, "His lust for data and streamlining left various systems and operations undeniably improved."[10]
Bloomberg Philanthropies
After his time as mayor, Bloomberg returned to working as the head of Bloomberg LP and began Bloomberg Philanthropies, an organization that put all of his philanthropic work together. The group focuses its giving in the areas of environment, public health, education, arts, government innovation and special "founders projects."[11] According to The Chronicle of Philanthropy, for Bloomberg "data and measuring results are key."[12]
Much of the philanthropic work is focused on advancing the use of data and technology in cities and city government. Bloomberg Philanthropies runs Global Cities, Inc., which aims "to connect global cities through an information-sharing network that provides meaningful forums for exchanging best practices on current issues impacting cities."[13] In 2015, the organization began a "What Works Cities" initiative. The program offered $42 million in grant money to help 100 American cities develop stronger strategies for developing and using data. According to CNN, the program sent in outside groups to assess the city's use of data, requiring that the city "[open] up everything from foreclosure rates and public transit performance to contract award amounts and employee headcount."[14]
Political activity
Involvement in 2018 midterms
On June 20, 2018, Bloomberg announced he would spend $80 million supporting Democratic candidates in the 2018 midterms.[15]
He released a statement that said the following:[16]
| “ |
Republicans in Congress have had almost two years to prove they could govern responsibly. They failed. As we approach the 2018 midterms, it's critical that we elect people who will lead in ways that this Congress won’t – both by seeking to legislate in a bipartisan way, and by upholding the checks and balances that the Founding Fathers set up to safeguard ethics, prevent the abuse of power, and preserve the rule of law. And so this fall, I'm going to support Democrats in their efforts to win control of the House. To be clear: I have plenty of disagreements with some Democrats, especially those who seek to make this election about impeachment. Nothing could be more irresponsible. But I believe that ‘We the People’ cannot afford to elect another Congress that lacks the courage to reach across the aisle and the independence to assert its constitutional authority. And so I will support Democratic candidates who are committed to doing both.[17] |
” |
| —Michael Bloomberg | ||
On October 2, 2018, Bloomberg announced he would donate $20 million to the Senate Majority PAC.
“Mike was extraordinarily disappointed in the Republican leadership in the Senate and feels increasingly passionate about changing it,” Bloomberg adviser Kevin Sheekey said about the donation. “And he’s already enthusiastic about the impact he’s having on House races and increasingly confident that he can contribute to a Democratic takeover.”[18]
Everytown for Gun Safety
- See also: Everytown for Gun Safety
In 2006, Bloomberg, Boston Mayor Thomas Menino and 13 other mayors, co-founded Mayors Against Illegal Guns.[19] The early work of Mayors Against Illegal Guns focused on eliminating illegal sale of firearms.[20] In 2014, Mayors Against Illegal Guns combined with Moms Demand Action to become Everytown for Gun Safety. The New York Times reported that Bloomberg planned to spend $50 million on the new group; the group's strategy would be focused on organizing in the fashion of Mothers Against Drunk Driving. The paper noted, "The strategy will focus not on sweeping federal restrictions to ban certain weapons, but instead will seek to expand the background check system for gun buyers both at the state and national levels."[21]
School board activity
California: Bloomberg contributed $1 million in 2013 to the Coalition for School Reform in the Los Angeles Unified School District school board election. The Coalition for School Reform supported a slate of three candidates in the general election on May 21, 2013. The organization's campaign manager stated that its goals included supporting district Superintendent John Deasy, reforming teacher evaluations and creating new charter schools.[22] Two of the three candidates supported by the Coalition for School Reform won their election.[23] Parents and Teachers for Putting Students First, a Super PAC affiliated with Michelle Rhee's StudentsFirst national education reform advocacy organization, contributed $250,000 to the Coalition for School Reform as well.[24]
Ballot measure activity
Overview of ballot measure support and opposition
The following table details Michael Bloomberg's ballot measure stances available on Ballotpedia:
| Ballot measure support and opposition for Michael Bloomberg | |||
|---|---|---|---|
| Ballot measure | Year | Position | Status |
| San Francisco, California, Proposition C, Authorize and Regulate Sale of Electronic Cigarettes and Vapor Products Initiative (November 2019) | 2019 | Opposed |  Defeated
|
| Nevada Background Checks for Gun Purchases, Question 1 (2016) | 2016 | Supported |  Approved
|
Michael Bloomberg co-founded Everytown for Gun Safety, which supported Maine Background Checks for Gun Sales, Question 3 (2016) and Washington Individual Gun Access Prevention by Court Order, Initiative 1491 (2016).
San Francisco, California, Proposition C, Authorize and Regulate Sale of Electronic Cigarettes and Vapor Products Initiative (November 2019)
Michael Bloomberg donated over $1.6 million to No on C, SF Kids vs. Big Tobacco, which led the opposition campaign against San Francisco Proposition C.[25]
Nevada Background Checks for Gun Purchases, Question 1 (2016)
Bloomberg's Everytown for Gun Safety contributed over $14.5 million in support of Nevada Background Checks for Gun Purchases, Question 1 (2016).[26]
Recall activity
- See also: 2013 Colorado recalls
Colorado: In 2013, Bloomberg donated a total of $350,000 in support of Colorado State Sens. John Morse (D) and Angela Giron (D). The pair faced recall over their support of controversial gun control legislation passed in the Colorado State Senate. Morse and Giron were both ultimately defeated and replaced by Republicans. Bloomberg did not donate directly to the campaigns, instead doing it through a group called Taxpayers for Responsible Democracy. Another group he is affiliated with, Mayors Against Illegal Guns, backed the gun control legislation in the legislature.[27][28]
Redistricting activity
California: In 2008, Bloomberg campaigned for and donated $250,000 in support of the passage of Proposition 11 in California. The proposition authorized the creation of the California Citizens Redistricting Commission. Some accused Bloomberg of hypocrisy because he also was campaigning to extend the term limit of the Governor of New York to three consecutive terms at the time. Bloomberg defended these actions by arguing that both actions were about increasing choice for voters, including allowing them to re-elected an incumbent.[29]
Energy policy activity
- See also: Energy policy in New York and Energy policy in the United States
New York and U.S. Policy: When it comes to energy policy Bloomberg has pushed to decrease carbon emissions, increase New York City's sustainability and is supportive of shale gas drilling, so long as more stringent regulations are put into place. While mayor of New York City Bloomberg announced PlaNYC 2030, an initiative that would reduce the city's carbon emissions by 30 percent by 2030. The plan encapsulates Bloomerberg's belief that cities are leading when it comes to climate change. Under this plan New York City would become "the first environmentally sustainable 21st-century city." In 2007, Bloomberg spoke in favor of charging a fee to those releasing greenhouse gas pollution. In 2014, Bloomberg coauthored an op-ed in the New York Times with Fred Krupp, about shale gas, or natural gas derived from shale rock using hydraulic fracturing, or fracking. Bloomberg argued that a data-driven approach to fracking (called shale gas drilling by Bloomberg) could allow cities access to the benefits (jobs, lower energy costs, energy security) of increased natural gas usage, while better managing the risks (air and water pollution). In the article Bloomberg praises Colorado for their recent moves to control methane emissions from fracking and encourages the U.S. Environmental Protection Agency to work with states to implement these rules in other states.[30][31][32]
2016 presidential endorsement
✓ Bloomberg endorsed Hillary Clinton for the 2016 presidential general election.[33]
- See also: Endorsements for Hillary Clinton
Elections
2020
Presidency
- See also: Presidential candidates, 2020
Former Vice President Joe Biden (D) won the presidential election on November 3, 2020. Biden received 306 electoral votes and President Donald Trump (R) received 232 electoral votes. In the national popular vote, Biden received 81.2 million votes and Trump received 74.2 million votes.
Bloomberg announced that he was running for president on November 24, 2019.[1] He suspended his campaign on March 4, 2020.[2]
Ballotpedia compiled the following resources about Bloomberg and the 2020 presidential election:
- News stories about the 2020 presidential election;
- An overview of key national and state campaign staffers;
- Endorsements from politicians, public figures, and organizations;
- An overview of candidate campaign travel; and
- A list of other presidential candidates who ran for election.
Click here for Bloomberg's 2020 presidential campaign overview.
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Michael Bloomberg (D) presidential
primary results in 2020
State
Date
% of vote received
Pledged delegates
Iowa
February 3
0.0
0
American Samoa
March 3
49.9
4
Arkansas
March 3
16.7
3
California
March 3
12.1
7
Colorado
March 3
18.5
9
Maine
March 3
11.8
0
Massachusetts
March 3
11.7
0
Minnesota
March 3
8.3
0
North Carolina
March 3
13.0
3
Oklahoma
March 3
13.9
2
Tennessee
March 3
15.5
5
Texas
March 3
14.4
11
Utah
March 3
15.4
3
Vermont
March 3
9.4
0
Virginia
March 3
9.7
0
Alabama
March 3
11.7
0
Idaho
March 10
2.4
0
Michigan
March 10
4.6
0
Mississippi
March 10
2.5
0
Missouri
March 10
1.5
0
North Dakota
March 10
0.8
0
Washington
March 10
7.9
0
Democrats Abroad
March 10
2.2
0
Florida
March 17
8.4
0
Illinois
March 17
1.5
0
Wisconsin
April 7
1.0
0
Ohio
April 28
3.2
0
Indiana
June 2
1.0
0
Maryland
June 2
0.6
0
Georgia
June 9
0.7
0
West Virginia
June 9
2.0
0
New York
June 23
3.5
0
Louisiana
July 11
1.6
0
Puerto Rico
July 12
14.2
2
Total pledged delegates: 49
2016
On January 23, 2016, The New York Times reported that Bloomberg was considering a possible independent presidential run and reportedly would have been willing to spend $1 billion of his own money on a campaign.[3] However, on March 7, 2016, he announced that he would not be a candidate.[34] In an editorial for the media company that bears his name, the former New York City mayor wrote:
| “ | Over the last several months, many Americans have urged me to run for president as an independent, and some who don’t like the current candidates have said it is my patriotic duty to do so. I appreciate their appeals, and I have given the question serious consideration. The deadline to answer it is now, because of ballot access requirements.[35][17] | ” |
This was not the first time Bloomberg had considered an independent presidential campaign. In 2008, he was reportedly a possible centrist candidate with the potential to bring Democrats and Republicans together, but he ruled out a run after "Super Tuesday," when nearly two dozen states held caucuses or primaries.[36] He announced his decision not to run in 2008 in an op-ed in the New York Times.[37]
2009
Bloomberg left the Republican Party in 2007 when he was considering an independent 2008 presidential campaign; however, he ran for mayor as a Republican in 2009.[38] New York City held a mayoral general election on November 3, 2009. A primary election took place on September 15. Michael Bloomberg (R) was elected to a third term, defeating William C. Thompson Jr. (D), Billy Talen (G), Stephen Christopher, Francisca Villar, Dan Fein, Jimmy McMillan, Joseph Dobrian (L) and numerous write-in candidates.[39]
| Mayor of New York City. General Election, 2009 | ||||
|---|---|---|---|---|
| Party | Candidate | Vote % | Votes | |
| Republican |  Michael Bloomberg |
50.7% | 585,466 | |
| Democratic | William C. Thompson Jr. | 46.3% | 534,869 | |
| Conservative | Stephen Christopher | 1.6% | 18,013 | |
| Green | Billy Talen | 0.8% | 8,902 | |
| Other | Jimmy McMillan | 0.2% | 2,332 | |
| Other | Francisca Villar | 0.2% | 1,996 | |
| Libertarian | Joseph Dobrian | 0.1% | 1,616 | |
| Other | Dan Fein | 0.1% | 1,311 | |
| Total Votes | 1,154,505 | |||
| Source: Board of Elections in the City of New York - General Election Results | ||||
2005
New York City held a mayoral general election on November 8, 2005. A primary election took place on September 13. Michael Bloomberg (R) was elected mayor for a second time. He defeated Fernando Ferrer (D), Thomas V. Ognibene, Anthony Gronowicz (G), Jimmy McMillan, Audrey Silk (L), Martin Koppel, Seth A. Blum and numerous write-in candidates.[40]
| Mayor of New York City, General Election, 2005 | ||||
|---|---|---|---|---|
| Party | Candidate | Vote % | Votes | |
| Republican | Michael Bloomberg |
57.3% | 753,089 | |
| Democratic | Fernando Ferrer | 38.3% | 503,219 | |
| Conservative | Thomas V. Ognibene | 1.1% | 14,630 | |
| Green | Anthony Gronowicz | 0.6% | 8,297 | |
| Other | Jimmy McMillan | 0.3% | 4,111 | |
| Libertarian | Audrey Silk | 0.2% | 2,888 | |
| Other | Martin Koppel | 0.2% | 2,256 | |
| Other | Seth A. Blum | 0.1% | 1,176 | |
| Other | Write-ins (total) | 0% | 269 | |
| Other | Unrecorded | 1.9% | 25,425 | |
| Total Votes | 1,315,360 | |||
| Source: Board of Elections in the City of New York - General Election Results | ||||
2001
Bloomberg, a longtime Democrat, switched to the Republican Party to run for mayor in 2001.[3] New York City held a mayoral general election on November 6, 2001. The primary election was held on September 25. Michael Bloomberg (R) was elected to his first term, defeating Mark Green (D), Julia Willebrand (G), Terrance M. Gray, Alan G. Hevesi, Kenneth B. Golding, Bernard H. Goetz, Kenny Kramer (L), Thomas K. Leighton and all write-in candidates. A Democratic Party run-off primary election took place on October 22, 2001. Mark Green defeated Fernando Ferrer for the Democratic nomination.[41]
| Mayor of New York City, General Election, 2001 | ||||
|---|---|---|---|---|
| Party | Candidate | Vote % | Votes | |
| Republican | Michael Bloomberg |
49% | 744,757 | |
| Democratic | Mark Green | 46.6% | 709,268 | |
| Green | Julia Willebrand | 0.5% | 7,155 | |
| Conservative | Terrance M. Gray | 0.2% | 3,577 | |
| Other | Alan G. Hevesi | 0.7% | 10,331 | |
| Other | Kenneth B. Golding | 0% | 474 | |
| Other | Bernard H. Goetz | 0.1% | 1,049 | |
| Libertarian | Kenny Kramer | 0.1% | 1,408 | |
| Other | Thomas K. Leighton | 0.2% | 2,563 | |
| Other | Write-ins (total) | 0% | 332 | |
| Other | Unrecorded | 2.6% | 39,529 | |
| Total Votes | 1,520,443 | |||
| Source: Board of Elections in the City of New York - General Election Results | ||||
Recent news
This section links to a Google news search for the term "Michael + Bloomberg"
See also
- New York, New York
- Everytown for Gun Safety
- Los Angeles Unified School District elections (2013)
- 2014 ballot measures
- 2013 Colorado recalls
- California Proposition 11, Creation of the California Citizens Redistricting Commission Initiative (2008)
- Energy policy in New York
- Energy policy in the United States
External links
Footnotes
- ↑ 1.0 1.1 Politico, "Michael Bloomberg launches campaign for president," November 24, 2019
- ↑ 2.0 2.1 Axios, "Bloomberg suspends presidential campaign, endorses Biden," March 4, 2020
- ↑ 3.0 3.1 3.2 CNN, "Bloomberg seriously considering White House bid," January 23, 2016
- ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedPol - ↑ Mike Bloomberg, "About," accessed November 8, 2019
- ↑ Michael Bloomberg Official Website, "About," accessed February 24, 2016
- ↑ Bloomberg LP, "History & Facts," accessed February 24, 2016
- ↑ BBC, "Michael Bloomberg's contested legacy as New York mayor," December 23, 2013
- ↑ NPR, "Assessing Bloomberg's Legacy Is A Complex Task," December 30, 2013
- ↑ The New York Times, "Bloomberg’s Bruised Legacy," August 8, 2014
- ↑ Bloomberg Philanthropies, "About," accessed February 24, 2016
- ↑ Chronicle of Philanthropy, "Bloomberg Philanthropies Unveils Web Site and Priorities," April 30, 2013
- ↑ Global Cities, Inc., "Vision/Mission," accessed February 24, 2016
- ↑ CNN, "Bloomberg Philanthropies names first 8 cities in What Works Cities program," August 5, 2015
- ↑ New York Times, "Michael Bloomberg Will Spend $80 Million on the Midterms. His Goal: Flip the House for the Democrats," June 20, 2018
- ↑ MikeBloomberg.com, "Statement of Mike Bloomberg on the 2018 Midterm Elections," June 20, 2018
- ↑ 17.0 17.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Washington Post, "Michael Bloomberg jolts Senate battle with $20 million for Democrats," October 2, 2018
- ↑ Everytown for Gun Safety, "Who We Are," accessed January 14, 2016
- ↑ Mayors Against Illegal Guns, "About," archived December 8, 2006
- ↑ The New York Times, "Bloomberg Plans a $50 Million Challenge to the N.R.A.," April 15, 2014
- ↑ Southern California Public Radio, "LA Unified school board race could break fundraising records this election," February 14, 2013
- ↑ Los Angeles City Clerk - Election Division, "Election Archives," accessed May 7, 2014
- ↑ Los Angeles Times, "Michelle Rhee group donates $250,000 to candidates in LAUSD races," February 20, 2013
- ↑ City and County of San Francisco Ethics Commission, "No on C, SF Kids vs. Big Tobacco, a coalition of doctors, parents and community groups protecting youth from candy-flavored tobacco products and addiction, sponsored by nonprofit health organizations," accessed September 25, 2019
- ↑ Nevada Secretary of State, "Campaign Finance Disclosure," accessed January 19, 2017
- ↑ washingtonpost.com, "Colorado recall becoming referendum on guns," August 28, 2013
- ↑ gazette.com, "Recall campaign money trickles in, some can't be traced," August 28, 2013
- ↑ The New York Times, "Mayor’s California Bid May Undercut Incumbents," October 15, 2008
- ↑ PlaNYC, "About PlaNYC," accessed June 30, 2014
- ↑ On the Issues, "Mike Bloomberg on Energy & Oil," March 16, 2014
- ↑ The New York Times, "The Right Way To Develop Shale Gas," April 29, 2014
- ↑ The Hill, "Bloomberg offers scathing indictment of Trump," July 27, 2016
- ↑ New York Times, "Michael Bloomberg Will Not Enter Presidential Race," March 7, 2016
- ↑ Bloomberg View, "Michael Bloomberg Says He Won't Run for President in 2016," March 7, 2016
- ↑ CNN, "Bloomberg will decide on White House bid by early March," January 10, 2008
- ↑ New York Times, "I'm Not Running for President, but..." February 28, 2008
- ↑ Elizabeth Benjamin, New York Daily News, "Mayor Michael Bloomberg will run as Republican in bid for third term," April 11, 2009
- ↑ Board of Elections in the City of New York, "Statement and Return Report for Certification," November 24, 2009
- ↑ Board of Elections in the City of New York, "Statement and Return Report for Certification," November 29, 2005
- ↑ Board of Elections in the City of New York, "General Election Statement and Return Report for Certification," November 28, 2001
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