Editing Michael Bloomberg (section)

=== 2020 presidential campaign ===
{{Main|Michael Bloomberg 2020 presidential campaign}}
[[File:Mike Bloomberg 2020 presidential campaign logo.svg|thumb|right|upright=0.9|Bloomberg's [[Michael Bloomberg 2020 presidential campaign|2020 presidential campaign]] logo]]
[[File:Michael Bloomberg (49474988353).jpg|thumb|right|upright=0.9|Bloomberg at a campaign rally in [[Phoenix, Arizona]], in February 2020]]
On March 5, 2019, Bloomberg had announced that he would not run for president in 2020. Instead, he encouraged the Democratic Party to "nominate a Democrat who will be in the strongest position to defeat [[Donald Trump]]."<ref>{{cite news |work=[[Associated Press]] |first=Steve |last=Peoples |title=Ex-NYC Mayor Bloomberg won't run for president in 2020 |url=https://www.apnews.com/8a5d3aebc5bb4e4e97d301e119cd95a2 |date=March 5, 2019 |access-date=March 5, 2019}}</ref> However, due to his dissatisfaction with the Democratic field, Bloomberg reconsidered. He officially launched his campaign for the 2020 Democratic nomination on November 24, 2019.<ref>{{cite news |url=https://www.nytimes.com/2019/11/24/us/politics/michael-bloomberg-2020-presidency.html |title=Michael Bloomberg Joins 2020 Democratic Field for President |last=Burns |first=Alexander |date=November 24, 2019 |work=The New York Times |access-date=November 24, 2019 |language=en-US |issn=0362-4331 |url-access=limited}}</ref>

Bloomberg self-funded his campaign from his personal fortune and did not accept campaign contributions.<ref>{{cite news|url=https://www.theguardian.com/us-news/2019/nov/23/michael-bloomberg-refuse-donations-presidential-bid|title=Michael Bloomberg vows to refuse donations as presidential bid looms|date=November 23, 2019| agency=Associated Press| work=The Guardian|access-date=February 2, 2020}}</ref>

Bloomberg's campaign suffered from his lackluster performance in two televised debates.<ref name=EndCostlyBid>Patricia Mazzei, Rebecca R. Ruiz & Jeremy W. Peters, [https://www.nytimes.com/2020/03/04/us/politics/michael-bloomberg-drops-out.html Michael Bloomberg Quits Democratic Race, Ending a Brief and Costly Bid], ''New York Times'' (March 4, 2020).</ref> When Bloomberg participated in his first presidential debate, [[Elizabeth Warren]] challenged him to release women from non-disclosure agreements relating to their [[Bloomberg L.P.#Controversies|allegations of sexual harassment at Bloomberg L.P.]] Two days later, Bloomberg announced that there were three women who had made complaints concerning him, and added that he would release any of the three if they request him to do so.<ref>{{Cite news| last1=Corasaniti|first1=Nick|url=https://www.nytimes.com/2020/02/21/us/politics/michael-bloomberg-nda.html| title=Bloomberg, in Reversal, Says He'll Release 3 Women From Nondisclosure Agreements| date=February 21, 2020|work=The New York Times|access-date=February 22, 2020|last2=Grynbaum| first2=Michael M.|language=en-US|issn=0362-4331|url-access=limited}}</ref><ref>{{cite news |title=Bloomberg offers to release women from three confidentiality agreements |url=https://www.cnn.com/2020/02/21/politics/michael-bloomberg-nondisclosure-release/index.html |date=February 21, 2020}}</ref> Warren continued her attack in the second debate the next week. Others criticized Bloomberg for his wealth and campaign spending,<ref name="Feb 25 debate">{{cite news |title=Bloomberg improves from his last debate – but is it enough? |url=https://www.washingtonpost.com/politics/bloomberg-improves-from-his-last-debate--but-is-it-enough/2020/02/25/ec87f7ba-57ef-11ea-9b35-def5a027d470_story.html |access-date=February 29, 2020 |issue=February 26, 2020 |newspaper=[[The Washington Post]]}}</ref><ref name="debate 2 carville">{{cite news |title=Carville on Debate: "Warren Gives The Impression That She'd Rather Beat Bloomberg Than Win Herself" |url=https://www.realclearpolitics.com/video/2020/02/25/carville_on_debate_warren_gives_the_impression_that_shed_rather_beat_bloomberg_than_win_herself.html |date=February 25, 2020}}</ref> as well as his former affiliation with the Republican Party.<ref name=EndCostlyBid />

As a late entrant to the race, Bloomberg skipped the first four state primaries and caucuses.<ref name=Mehta>{{Cite news|url=https://www.latimes.com/politics/story/2020-03-04/michael-bloomberg-quits-presidential-race|title=Michael Bloomberg drops out of the presidential race and endorses Joe Biden|author=Seema Mehta|newspaper=Los Angeles Times}}</ref> He spent $676&nbsp;million of his personal fortune on the primary campaign, breaking a record for the most money ever spent on a presidential primary campaign.<ref name=Mehta /> His campaign blanketed the country with campaign advertisements on broadcast and cable television, the Internet, and radio,<ref>{{cite news| author=Jessica Taylor|url=https://www.npr.org/2020/01/17/797048821/new-figures-show-billionaire-candidates-spending-big-with-little-return|title=New Figures Show Billionaire Candidates Spending Big, With Little Return|newspaper=[[NPR]]|date=January 17, 2020}}</ref> as well as [[direct mail]].<ref name=EndCostlyBid /> Bloomberg also spent heavily on campaign operations that grew to 200 field offices and more than 2,400 paid campaign staffers.<ref name=EndCostlyBid /> His support in [[Nationwide opinion polling for the 2020 Democratic Party presidential primaries|nationwide opinion polls]] never exceeded 15 percent but stagnated or dropped before [[Super Tuesday]],<ref>Yelena Dzhanova, [https://www.cnbc.com/2020/02/26/mike-bloomberg-stalls-in-presidential-polls-ahead-of-super-tuesday-vote.html Mike Bloomberg's momentum stalls in presidential polls ahead of Super Tuesday vote], CNBC (February 26, 2020).</ref> while former vice president [[Joe Biden]] had become the frontrunner after receiving the support of major candidates [[Pete Buttigieg]] and [[Amy Klobuchar]] shortly before Super Tuesday. Bloomberg suspended his campaign on March 4, 2020, after a disappointing Super Tuesday in which he [[2020 United States presidential caucuses in American Samoa|won only American Samoa]], and subsequently endorsed Biden.<ref name=Mehta /><ref name=EndCostlyBid /> Bloomberg donated $18 million to the Democratic National Committee and publicly planned a "massive spending blitz" to support Biden's campaign.<ref>{{Cite web| last=Schwartz| first=Brian| date=May 15, 2020|title=Mike Bloomberg plots spending blitz to support Joe Biden's run for president|url=https://www.cnbc.com/2020/05/15/mike-bloomberg-plots-spending-blitz-to-back-joe-biden-campaign.html| access-date=July 24, 2020|website=CNBC|language=en}}</ref>

[[File:Michael Bloomberg Sworn In as Defense Innovation Board Chair 220622-D-D0439-101.jpg|thumb|right|upright=0.9|Bloomberg is sworn in as chair of the Defense Innovation Board in June 2022.]]

When a ''[[60 Minutes]]'' correspondent remarked on March 1 that Bloomberg had spent twice what President Trump had raised, he was asked how much he would spend. Bloomberg replied, "I'm making an investment in this country. My investment is I'm going to remove President Trump from 1600 Pennsylvania Avenue or at least try as hard as I can."<ref>{{cite news| url=https://www.cbsnews.com/news/mike-bloomberg-2020-democratic-presidential-candidate-60-minutes-2020-03-01/| title=Mike Bloomberg tells 60 Minutes why he should be president|author=Pelley, Scott| date=March 1, 2020|access-date=March 4, 2020|publisher=CBS News}}</ref>

Speaking on the final night of the 2020 Democratic National Convention, Bloomberg took aim at Trump's handling of the COVID-19 pandemic and the American economy: "Would you rehire or work for someone who ran your business into the ground? Who always does what's best for him or her, even when it hurts the company, and whose reckless decisions put you in danger, and who spends more time tweeting than working? If the answer is no, why the hell would we ever rehire Donald Trump for another four years?"<ref>{{Cite web|first=Daniel|last=Villarreal |date=August 20, 2020|title=Mike Bloomberg trashes Donald Trump's business record in fiery DNC speech| url=https://www.newsweek.com/mike-bloomberg-trashes-donald-trumps-business-record-fiery-dnc-speech-1526608|access-date=September 8, 2020|website=Newsweek|language=en}}</ref><ref>{{Cite news| date=August 21, 2020|title=Don't Rehire a Failed President|language=en| work=Bloomberg.com| url=https://www.bloomberg.com/opinion/articles/2020-08-21/michael-bloomberg-dnc-speech-why-i-m-voting-for-joe-biden|access-date=September 8, 2020}}</ref><ref>{{Cite news|last=Thrush| first=Glenn |date=August 28, 2020|title=Joe Biden Pledges to 'Overcome This Season of Darkness' as the D.N.C. Ends |language=en-US|work=The New York Times| url=https://www.nytimes.com/live/2020/08/20/us/dnc-convention-election| access-date=September 8, 2020 |issn=0362-4331}}</ref>