NEW YORK (CBSNewYork) – Maybe the fourth time is the charm.

Michael Bloomberg is revving up to run for president in 2020, making him both the oldest and richest person to seek the job.

Bloomberg considered running in 2016 as an Independent, but sources tell CBS2’s Political Reporter Marcia Kramer that if he runs in 2020, he would run as a Democrat.

A source close to the former three-term mayor says the move is fueled in part by regret that he didn’t stay in the race in 2016, because he feels he could have either won outright or prevented Donald Trump from winning.

Recent appearances by Bloomberg show a growing frustration with the direction the country is going in, but it’s anyone’s guess whether that will translate into a full-fledged presidential campaign. The 76-year-old would be the oldest person to run for president, but longevity runs in the family. His mother, Charlotte, lived to be 102.

Political consultants point out Bloomberg is making a number of key moves, including spending $80 million to help Democrats win Congressional races and collecting a lot of political IOUs in the process. But, they also say it could be an uphill battle because of his liberal policies.

Baruch College Professor Doug Muzzio says Bloomberg is wise for getting involved in the congressional races.

“That’s a political chits,” he said. “That’s a lot of winners or loyal losers so one can look at it cynically and say he’s building a political organization, a political base.”

Bloomberg considered a run for the White House in 2008, 2012 and 2016. This go-round, he joins a long lost of presidential wannabes right here in the Tri-State Area. Governor Andrew Cuomo, Mayor Bill de Blasio, and Senators Kirsten Gillibrand (D-NY) and Cory Booker (D-NY) have all voiced a desire to run.

With a $51 billion fortune, Bloomberg surely won’t have to hold fundraisers. In 2016 he said he was ready to spend $1 billion on a potential campaign.

Comments (32)
  1. Yo Bloomer…. SAVE YOUR MONEY! I have a better chance of being elected than YOU do! HAHAHAHAHA!

  2. Oh…I thought Little Mike Bloomberg was going to run for President of the LOLLIPOP KIDS!
    Didn’t this HALF-PINT go to college on a MINIATURE GOLF SCHOLARSHIP?

  3. Just what this country needs another liberal New Yaker.

    1. The best part of this is that the irony is totally lost on you.

  4. Most hated man in America running for POTUS this should be good

  5. David Gouge says:

    Hopefully Bloomberg will announce his run surrounded by armed guards as he preaches his anti-gun agenda.

  6. Tommy A says:

    Please do it you Blooming idiot.

  7. Dave Fay says:

    Go for it jackwad. It could only good for him to have his ego knocked down a few pegs.

  8. bloomberg is a JACK@SS

    1. Bloomberg is living in a fantasy world.
      Then again,obama did win in ’08

  9. Jim M. Ryles says:

    Outside of that liberal progressive demo-rat sewer of New York he doesn’t stand a chance, except in Mexifornia maybe.

  10. He should do well in NY like Hallary did. 😉

  11. John Curry says:

    The midget with the Napoleon complex will be crushed if he runs against President Trump. He is a megalomaniac and wants to control every aspect of people’s lives, how much flush their toilet can have, how big a soft drink they can buy, he wishes the violate the Constitution and take away the peoples’ guns, he is an out and out communist nut job who wants to run you life the way he sees fit and your opinion doesn’t matter. Someone should tell him that his is not a dictator and neither is the job of the President. If he wishes to be a dictator move somewhere else and buy their government.

    1. “World domination. The same old dream. Our asylums are filled with men who thing they’re Napoleon. Or God.”
      – ‘James Bond’ (Sean Connery)
      “Dr. No”, c. 1962

  12. Never a doubt that this lying, fraudulent piece of crap was a demoRat. Higher taxes, more regulations, open borders with drugs and gangs pouring in unchecked, abortion on demand paid for by taxpayers, climate hysteria with penalties and regulations, a crooked deep-state and the selling out our liberty and sovereignty to foreign interests and agents. Yippee!!!

  13. He has the personality of a bag of worms. I sincerely doubt he has the charisma to be Prez.

  14. Bloomberg is the guy who spent his own money AND used city govt resources to help try to put the 9/11 jihadi memorial mosque adjacent to Ground Zero.

    FEH, I SPIT on bloomberg.

  15. Dew Jew says:

    3 guards with mashinguns/fiyes to paris privet jet to eat snails liberal fashist

  16. Arfy Warfy says:

    Consider all he wants… and of course he’ll run as a Demoncrap.

  17. Buz Chertok says:

    Talk about living in a bubble—-This little fellow might have a gazillion bucks but he also has the personality of a fart. Speaking of which-he would go over in ‘flyover country’ like a juicy sour kraut induced one in a space helmet.

  18. Please run, please run. (I say this as a big Trump supporter) The smack-down will be monumental.

  19. Wow. If you win you can control the size of beverage cups for the whole country!! I hope you do run you socialist jerk! Just so I can see you cry when you lose every state to Trump!!

  20. Mr. Bloomberg, You’re not left wing enough to win the Dem’s nomination in 2020, so sit back with Hillary and Bernie and watch whoever will be that Party’s nominee go down in flames against Donald J.

  21. Jeff Puim says:

    This is the funniest thing ever.

  22. Steve L Reid says:

    The man who wants to take your gun and your large soda pop!!

  23. Good, we can publicly reject him again. SO FUN!

  24. He will probably run as an independent believing he can draw votes away from Trump and swing the election to the Democrat nominee. What he fails to understand is that voters on on to his “One Worlderism” and are are not having any part of it.

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