Bloomberg says will not run for White House

Bloomberg says will not run for White House


NEW YORK — US billionaire Michael Bloomberg announced Monday that he would not throw his hat into the volatile race for the White House, fearing that his candidacy could lead to the election of Republican usurpers Donald Trump or Ted Cruz.

The 74-year-old former New York mayor has long considered an independent run for the White House, expressing public dismay about a 2016 race dominated by the insult-flinging Trump, the current Republican frontrunner.

Bloomberg, whose $41.7 billion fortune makes him the eighth richest person in the world according to Forbes, accused fellow New York tycoon Trump of waging "the most divisive and demagogic presidential campaign I can remember."

"Abraham Lincoln, the father of the Republican Party, appealed to our 'better angels.' Trump appeals to our worst impulses," Bloomberg wrote in a column for his eponymous news agency. He savaged Trump's call for a ban on Muslims entering the United States, threatened deportation of millions of Mexicans and threatened trade wars against China and Japan as "all dangerously wrong." — AFP