december 9–22, 2019 | new york 23
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thecallsstartedearlyon a Thursday evening last
month,momentsaftertheNewYorkTimesreported Michael
Bloombergwasexpectedtojumpintothe 2020 race. Onone end
werea handfulofJoeBiden’s topcampaignaides and allies; on
theotherweresomeofhishighest-priority current and prospec-
tivedonors.Theformerwantedtoreassurethe latter about
Biden’splaceintheraceandtopreemptany second thoughts
abouttheirloyaltytotheformervice-president, according to
Democratsfamiliarwiththeconversations.
Itseemedclear, then,that theBidenteamand, toa lesser
extent,PeteButtigieg’shadreasontobe“very worried,” as one
veteran Manhattan Democrat who is wired into Biden’s fund-
raising orbit said to me that week. Bloomberg had reversed his
springtime decision not to run after concluding that Biden was
no longer well positioned to win the Democratic nomination and
that no one else was sufficiently moderate and popularenough
Power:
Gabriel Debenedetti
Is Candidate Bloomberg
Actually Good for Biden?
What changes for
donors with a (second)
PHOTOGRAPH: DREW ANGERER/GETTY IMAGESbillionaire in the race.