Michael Bloomberg re-registers as a Democrat ahead of 2018 midterm elections

Michael Bloomberg re-registers as a Democrat ahead of 2018 midterm elections

Michael Bloomberg re-registers as a Democrat ahead of 2018 midterm elections

Bloomberg, 76, was a Democrat before he enrolled in the Republican Party to run for New York City mayor in 2001.

It notes that last month he said in a New York Times interview that he believes a third-party candidate can not win the presidency, and that were he to run, he would do so as a Democrat.

"At key points in US history, one of the two parties has served as a bulwark against those who threaten our Constitution", he wrote on Instagram. He left the Republican Party to become an independent in 2007 and served three terms as New York's mayor, stepping down in 2013.

Bloomberg, who was NY mayor from 2002 to 2013, was elected to the position as a registered Republican before switching to an independent in 2007.

The move underscores the liberal-leaning politician's belief, articulated last month in aNew York Times article, that only a candidate aligned with a major political party can win the White House. His non-profit Everytown for Gun Safety Action Fund super PAC, Independence USA PAC, has spent millions of dollars during the current election cycle supporting Democratic candidates and opposing Republicans running as gun rights advocates.

This isn't his first rodeo, either, as he considered running as an Independent both in 2008 and 2016.

A billionaire businessman, Bloomberg has switched political affiliations before.

On September 17 he said he would only run for president as a Democrat, Time Magazine reported.

"So if you ran - yeah, you'd have to run as a Democrat". Two years ago at the Democratic Convention, I warned of those threats.

File picture of Michael Bloomberg. He took an indirect swipe at President Donald Trump and his Republican allies, who Bloomberg suggested posed a threat to US democratic institutions.

Last week, Bloomberg announced he would give $20 million to the main Democratic Senate super PAC.

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