Michael Bloomberg says he Will Not Enter Presidential Race for Fear that Trump Will Win Anyway

FILE - In this Dec. 3, 2015, file photo, former New York Mayor Michael Bloomberg speaks during the C40 cities awards ceremony, in Paris. Bloomberg is taking some early steps toward launching a potential independent campaign for president. That's according to three people familiar with the billionaire media executive's plans. They spoke on condition of anonymity because they weren't authorized to speak publicly for Bloomberg. (PHOTO CREDIT: AP Photo/Thibault Camus, File)
FILE – In this Dec. 3, 2015, file photo, former New York Mayor Michael Bloomberg speaks during the C40 cities awards ceremony, in Paris. Bloomberg is taking some early steps toward launching a potential independent campaign for president. That’s according to three people familiar with the billionaire media executive’s plans. They spoke on condition of anonymity because they weren’t authorized to speak publicly for Bloomberg. (PHOTO CREDIT: AP Photo/Thibault Camus, File)

Michael R. Bloomberg, who for months quietly laid the groundwork to run for president as an independent, will not enter the 2016 campaign, he said Monday, citing his fear that a three-way race could lead to the election of a candidate who would imperil the security and stability of the United States: Donald J. Trump.

In a forceful condemnation of his fellow New Yorker, Mr. Bloomberg said Mr. Trump has run “the most divisive and demagogic presidential campaign I can remember, preying on people’s prejudices and fears.” He said he was alarmed by Mr. Trump’s threats to bar Muslim immigrants from entering the country and to initiate trade wars against China and Japan, and he was disturbed by Mr. Trump’s “feigning ignorance of David Duke,” the white supremacist leader whose support Mr. Trump initially refused to disavow.

“These moves would divide us at home and compromise our moral leadership around the world,” Mr. Bloomberg said in a column published Monday afternoon on Bloomberg View, his opinion site. “The end result would be to embolden our enemies, threaten the security of our allies, and put our own men and women in uniform at greater risk.”

The decision by Mr. Bloomberg, the former New York mayor who served three terms, ends months of intensive preparation for a candidacy. Convinced that a restive electorate was crying out for nonpartisan, technocratic government, he instructed his closest aides to set up the machinery for a long-shot billion-dollar campaign that would have subjected his image to a scorching political test.

They covertly assembled network of several dozen strategists and staff members, conducted polling in 22 states, drafted a website, produced television ads and set up campaign offices in two states — Texas and North Carolina — where the process of gathering petitions to put Mr. Bloomberg’s name on the ballot would have begun in days.

Mr. Bloomberg held extensive talks with Michael G. Mullen, the retired admiral and former chairman of the Joint Chiefs of Staff, about forming an independent ticket. Lawyers for Mr. Bloomberg had completed the process of vetting Mr. Mullen, and all that remained was for Mr. Bloomberg to ask formally that Mr. Mullen serve as his running mate.

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SOURCE: MAGGIE HABERMAN and ALEXANDER BURNS 
The New York Times