Michael Bloomberg, the most corporate of Democrats, sitting on 50 billion, is attempting to frighten the party into nominating him. His claim is that the other candidates are too weak or impractical or too far left to win. He correctly reads the current Democratic leadership as craven on progressive issues.
Bloomberg, given how young people and people of color view him, is unlikely to win the nomination, but he might pile up enough delegate votes to become a factor in a brokered convention (along with the centrist superdelegates). That might be his goal.
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