Bloomberg registers as a Democrat, fueling speculation of presidential run

Michael Bloomberg the UN Secretary-General's Special Envoy for Climate Action speaks during the plenary session of the Global Action Climate Summit in San Francisco

Former New York City Mayor Michael Bloomberg announced that he is formally changing his voter registration to Democrat, a possible step toward running for president in 2020.

"At key points in USA history, one of the two parties has served as a bulwark against those who threaten our Constitution", he wrote on Instagram.

"It's impossible to conceive that I could run as a Republican - things like choice, so numerous issues, I'm just way away from where the Republican Party is today", Bloomberg said last month.

Former New York City mayor Michael Bloomberg speaks at the Bloomberg Global Business forum in New York last month.

A frequent critic of Trump, Bloomberg has donated $80 million to help Democrats gain control of the House of Representatives and $20 million to help Democrats running for U.S. Senate, which Republicans now narrowly control 51 to 49.

"I'm getting a spot ready on my lawn for the Bloomberg 2020 sign!", one person wrote.

He considered running for president as an independent in 2016 but ultimately endorsed Hillary Clinton.

Meanwhile, the reaction was far less enthusiastic on Twitter.

Bloomberg, the founder of the financial data and media company that bears his name, has said he will decide in the wake of the November 6 midterm elections whether he will make a run for the White House.

"If he did (run as a Democrat), he'd be a formidable candidate", Frost told VOA.

A moderate on social issues, Bloomberg supports abortion rights, same-sex marriage and tighter gun laws.

That's the party he belonged to most of his life before switching to the Republican party to run for mayor.

In 2007, Bloomberg renounced his allegiance to the GOP and managed to win a third term in 2008 without either of the two dominant parties in American politics - though he did stick close to the presidential candidates of his first love, the Democratic Party.

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