Sonali Kolhatkar speaks with Doug Henwood, a political economist and editor of Left Business Observer, contributing editor at The Nation, host of the Pacifica program Behind the News, author of After the New Economy, and My Turn: Hillary Clinton Targets The Presidency.

With the news that former New York City mayor, Michael Bloomberg is throwing his hat into the Presidential race, many are speculating that America’s billionaire class could be panicking.

Bloomberg, who is a billionaire himself, is apparently running because the only centrist frontrunner among Democratic primary candidates is former Vice President Joe Biden, and Biden’s poll numbers appear to be flagging.

With a deadline looming to make it onto the primary ballot in some states, does Bloomberg’s move indicate a panic about what wealthy elites may lose if Bernie Sanders or Elizabeth Warren becomes President?

2020 Presidential Election Behind the News Bernie Sanders Democratic Primary Doug Henwood Elizabeth Warren Free Speech TV Joe Biden Left Business Observer Michael Bloomberg New York City Rising Up with Sonali Sonali Kolhatkar The Nation