Billionaire and former New York City Mayor Michael Bloomberg on Thursday said he has no plans to run for president in 2020.
Bloomberg made the comments in an interview with MSNBC host Stephanie Rhule.
"You have to be 35-years-old. I am older than that. You have to be a citizen. I'm a citizen. You have to be born in America, I was. But I have no plans to run for president," Bloomberg said.
Bloomberg is one of several big names that have been bandied about as possible Democratic contenders to take on President Donald Trump in another three years.
Bloomberg also addressed what he believes is Trump's biggest failure in the first year of his presidency - "run the railroad."
"I think the great failure of this administration is not building a team of people to address the problems day in and day out," Bloomberg said on MSNBC. "Big tax bills or immigration bills … they get all the headlines, but the real job of government is to, what I call run the railroad, to manage the government.
Which is what Bloomberg said his advice was to Trump shortly after he got elected in 2016 - team first, legislation later.
"Without that team, it is really hard to implement things," Bloomberg said. "If you don't do it at the very beginning, it gets harder to do as the administration gets more controversial, which would happen to every administration.
"So, the Trump administration's ability to attract people today is less than it was at the very beginning. And I think that's the failure -- they should have focused on that," Bloomberg said.
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