Millionaire Democrat announces bid for 2020 White House

Former healthcare financier and millionaire, Rep. John Delaney (D-Md.) was the first of his Party to announce that he plans to run for the White House in 2020. Delaney has an estimated net worth of more than $90 million and has been known to use his fortune in the past partly to fund his congressional races.

Delaney penned an op-ed in The Washington Post on Friday in which he stated that he would not seek reelection to the House in 2018. He then proceeded to lay out his agenda, which would include an infrastructure overhaul, tax reform and increased investing in science and research.

“My focus is on preparing our country for the future. Technological innovation, automation and globalization are the most powerful forces in the world today,” he wrote. “These forces have been enormously positive; they will continue to make life better, enhance productivity, solve some of the world’s most difficult problems and open societies.”

He acknowledged, “Sadly, these forces will also eliminate certain jobs and require workers to learn new skills more quickly. They will create security risks and strain our resources.”

Delaney is serving his third term in the House. It was previously rumored that he was considering a bid for Maryland governor, but it looks like he’s set his sights even higher than that.

Known to be a moderate, Delaney wrote, “The American people are far greater than the sum of our political parties. It is time for us to rise above our broken politics and renew the spirit that enabled us to achieve the seemingly impossible. This is why I am running for the Democratic nomination for President of the United States.”

He also offered the following as the reason he identifies as a Democrat: “The Democratic Party cherishes opportunity over birthright; wants people to earn a good living; offers a helping hand to the poor, the immigrant and those left behind; wants all Americans to have health care; embraces diversity, equality and justice; understands the importance of global engagements; believes that government can do transformative things; and stands ready to provide for our common defense,” he said, before acknowledging, “We have a lot of work to do, given our recent electoral failures, and we need a different approach — one that’s focused on the facts and the future.”

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