Mike Bloomberg Reveals 'Backhanded Endorsement of Obama', Vows to 'Defend the Banks' in Newly Surfaced 2016 Audio

In a leaked audio recording from 2016, former New York City Mayor Mike Bloomberg said that his endorsement of President Barack Obama's second term was "backhanded." Bloomberg also said that as president, he would "defend the banks."

Bloomberg's remarks were uploaded to the public media site SoundCloud by an anonymous user using the screen name "cancelgoldman."

"I was a Managing Director in I.B.D. Strats at Goldman Sachs for 14 years," cancelgoldman wrote on the audio post. "The idea that Bloombergh will hold banks accountable or regulate us is utterly ludicrous. Ban Non Disclosures. Drop out of the race. Cancel Goldman."

Bloomberg, who is running for the Democratic presidential nomination,
has spent millions of dollars of his own money on campaign advertising. One of those ads highlights Bloomberg's relationship with Obama.

"A great president and an effective mayor," the commercial voiceover says. "Leadership that makes a difference."

In the advertisement, Obama can be heard to thank Bloomberg for his "extraordinary leadership," going to affirm that he shared Bloomberg's "determination to bring this country together to finally make progress for the American people."

In his comments from 2016, however, Bloomberg said he believed Utah Senator Mitt Romney would have made a better president.

"The second Obama election, I wrote a great backhanded endorsement of Obama saying I thought he hadn't done the right thing, hadn't done, hadn't been good at things that I think are important and Romney would be a better person at doing that," Bloomberg said. "But Romney did not stick with the values that he had when he was governor of Massachusetts."

michael bloomberg
Democratic presidential candidate, former New York City mayor Mike Bloomberg talks to supporters at a rally on February 20, 2020 in Salt Lake City, Utah. George Frey/Getty

Bloomberg was also captured as saying that his first priority as president would be to "defend the banks."

"Well, to start, my first campaign platform would be to defend the banks, and you know how well that's gonna sell in this country," Bloomberg said.

Newsweek reached out to Bloomberg's campaign for comment but did not receive a response in time for publication.

Bloomberg spokesman Stu Loeser told CNN in an email that Bloomberg's statement about banks was facetious.

"The opening line was a joke," Loeser wrote. "In the more serious parts of the speech, Mike tells very wealthy Americans that they need to break their addiction to cheap money that's exacerbating income inequality in America."

Later in his speech Bloomberg said, "But seriously, somebody's gotta stand up and do what we need. A healthy banking system that's going to take risks because that's what creates the jobs for everybody."

Bloomberg also referred to Massachusetts Senator Elizabeth Warren in his remarks, implying that Warren was "scary" because of her progressive policies.

"The left is arising," Bloomberg said. "The progressive movement is just as scary. Elizabeth Warren on one side and whoever you want to pick on the Republicans on the right side?"

Warren reacted to Bloomberg's comments by announcing a new webpage called ScareMikeBloomberg. When the link is clicked, the user is redirected to a Warren campaign donation page.