Saagar Enjeti: Bloomberg 2020 bid would 'all but ensure a Bernie Sanders victory'

Opinion by: Saagar Enjeti

The Democratic race may have another billionaire entrant here to save the day.

Former Mayor of New York City, Michael BloombergMichael BloombergTop Democratic super PAC launches Florida ad blitz after Bloomberg donation The Hill's 12:30 Report - Presented by Facebook - Latest with the COVID-19 relief bill negotiations The Memo: 2020 is all about winning Florida MORE, has filed paperwork to get on the ballot in the state of Alabama. A seemingly mystifying late possible entry to the race that is sure to change....well absolutely nothing to be honest, and if it does, it is not going to go the way that he hopes.

Bloomberg advisor Howard Wolfson tweeted yesterday that the current democratic field is “not well positioned” to defeat Donald TrumpDonald John TrumpBubba Wallace to be driver of Michael Jordan, Denny Hamlin NASCAR team Graham: GOP will confirm Trump's Supreme Court nominee before the election Southwest Airlines, unions call for six-month extension of government aid MORE. It takes a lot of hubris for a mealy-mouthed technocrat like Bloomberg sees the populist rise of Bernie SandersBernie SandersJacobin editor: Primarying Schumer would force him to fight Trump's SCOTUS nominee Trump campaign plays up Biden's skills ahead of Cleveland debate: 'He's actually quite good' Young voters backing Biden by 2:1 margin: poll MORE, Elizabeth WarrenElizabeth WarrenJudd Gregg: The Kamala threat — the Californiaization of America GOP set to release controversial Biden report Biden's fiscal program: What is the likely market impact? MORE, and Donald Trump and think that his brand of centrism is poised to catch on.

The best part, of course, is that Bloomberg’s gamble is absolutely destined for failure, even if he did begin to catch on, because the greatest beneficiary of his rise would be Joe BidenJoe BidenJoe Biden looks to expand election battleground into Trump country Trump puts Supreme Court fight at center of Ohio rally Special counsel investigating DeVos for potential Hatch Act violation: report MORE and Bernie Sanders. Let me explain. Bloomberg has made the same problem that many in the media have: he sees the faltering of Joe Biden and concludes that the race is missing a strong and experienced centrist like himself who can unite all sides.

Absolutely wrong. Bloomberg was elected in New York City on the backs of the professional managerial class, literally. These people are upper middle-class white liberals to their very core. So who exactly do you think would even flock to him in such a scenario?

Well guess what, those upper middle-class white liberals all support Elizabeth Warren and Pete ButtigiegPete ButtigiegBipartisan praise pours in after Ginsburg's death Bogeymen of the far left deserve a place in any Biden administration Overnight Defense: Woodward book causes new firestorm | Book says Trump lashed out at generals, told Woodward about secret weapons system | US withdrawing thousands of troops from Iraq MORE. Bloomberg has no chance to win over the overwhelming amount of black voters in this country who support Joe Biden, the Latino voters who are backing Joe Biden and Bernie Sanders, or the white working-class voters across the country who back Biden, Sanders, and yes, Donald Trump. The crossover support he has is purely with candidates like Elizabeth Warren, Kamala HarrisKamala HarrisJoe Biden looks to expand election battleground into Trump country Fox's Napolitano: Supreme Court confirmation hearings will be 'World War III of political battles' Rush Limbaugh encourages Senate to skip hearings for Trump's SCOTUS nominee MORE, and Pete Buttigieg.

In other words, say Bloomberg catches on, the top leaders in the field will probably be Bernie Sanders followed by Joe Biden and then some combination of Warren, Bloomberg, and Buttigieg. He could all but ensure a Bernie Sanders victory, which I'm reasonably certain would actually be far worse for him than the Elizabeth Warren presidency that he is so afraid of.

As Osita Nwanevu said on Twitter after the announcement, it seems like billionaires don't spend their wealth that efficiently after all! Especially considering that Tom SteyerTom SteyerTV ads favored Biden 2-1 in past month Inslee calls Biden climate plan 'perfect for the moment' OVERNIGHT ENERGY: Trump administration finalizes plan to open up Alaska wildlife refuge to drilling | California finalizes fuel efficiency deal with five automakers, undercutting Trump | Democrats use vulnerable GOP senators to get rare win on environment MORE spent almost 7 million dollars a minute of speaking time that he got in the last debate, and whose campaign is embroiled in scandal for allegedly offering campaign contributions up to elected officials in Iowa if they endorse him.

The key here. of course, in both cases is how ludicrous Bloomberg’s candidacy appears and how much hubris a person must have to think that because they were good at standardizing financial news they can rise to the occasion and become president of the United States.

I'll leave you with this particular gem. It's the man who wants to be president saying that Chinese president Xi Jinping really isn't a dictator. Is he a Chinese asset? He'll have to answer that question this campaign cycle.