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"Michael Bloomberg’s renewed interest in running for president seems motivated in large part by intellectual and emotional hostility to the prospect of an Elizabeth Warren or Bernie Sanders nomination.
But — to the extent that the billionaire philanthropist manages to garner any support at all — the actual effect of him entering the race is likely to be the reverse: undermining frontrunner Joe Biden to some extent without materially damaging Warren or Sanders or having any realistic chance of winning himself.
The key is that in recent years moderates who’ve successfully fended off the left wing of the Democratic Party have done so with the support of black and Latino voters, who tend to be more moderate on the whole than white Democrats. But Bloomberg’s specific political career gives him little access to this constituency and thus little hope of securing the nomination."*
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