The Bloomberg decision is bad news for Joe Biden

The announcement today by multi-billionaire Michael Bloomberg that he will definitely run for president is such bad news for Joe Biden. It must be so tough for the former vice-president. He really thought that 2020 had been earmarked for him, the obvious Democratic candidate to beat Donald Trump and enter the White House to fulfill his dream. Of course there was never any guarantee that he would beat Trump but this was to be his great chance. Basically it has been downhill all the way, despite leading the polls pretty consistently. His rivals began to look good and his often stumbling performance at debates started making his supporters nervous. Above all, there was a growing feelng in some Democrats' minds that the candidate field was just not Trump-beatable enough. Now Bloomberg who has enough money to buy a country or two is firmly in the race. He is already spending millions and millions of dollars on adverts. Can he win the nomination by being the richest candidate? Yes he could because his message will be in everyone's face from now until he either wins the nomination or drops out. Must be nice to be able to spend such huge sums - from his own money, not from donations - and still may be lose the lot. But Bloomberg is going to do serious damage to Biden. The former VP's downbeat campaign was the reason why Bloomberg decided to go for it. That message will hit Biden every time he opens his mouth at a rally. "Bloomberg doesn't think you're good enough!" I doubt Bloomberg will last all the way to the end. But over the months ahead the Bloomberg/Biden rivalry could be a wholesale bust-up, with both losing out. But watch Bloomberg. He is taking a very robust line on Trump, saying the country cannot take another four years of Trumpery. Bloomberg will force the other candidates to follow suit. It's going to get much dirtier.