Just days after congressional Democrats rolled out their “A Better Deal” blueprint to reclaim both houses of Congress and the White House, Rep. John Delaney (D-Md.) announced a bid for the presidency in 2020.
In an opinion-editorial piece published Friday in the Washington Post announcing his intent to seek the Democratic nomination, Delaney put forth his vision vowing to focus on tax reform, infrastructure spending, improving health care and education and overcoming the iron laws of partisanship:
“My focus is on preparing our country for the future. Technological innovation, automation, and globalization are the most powerful forces in the world today. We need to respond to these large-scale opportunities and challenges by thinking about policy from a fresh perspective,” Delaney wrote.
“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.”
In his announcement, Delaney eschewed a fourth bid to his 6th District seat and declined to challenge Maryland Governor Larry Hogan.
An obscure lawmaker first elected in 2012, Delaney made a fortune as an entrepreneur in the lending industry. Worth approximately $91 million, Delaney built two companies, both of which are now publicly traded on the New York Stock Exchange.
In 1993, Delaney started Health Care Financial Partners, which specialized in lending to small business. In 2000, he founded commercial lending firm CapitalSource, which was later acquired by PacWest Bankcorp.
Since his election, Delaney has held a seat on the Joint Economic Committee and the Committee on Financial Services.
Congressman Delaney appeared on CNN over the weekend in an interview which touched on the effect new White House Chief of Staff John Kelly will have on the federal government.
[Roll Call] [Washington Post] [CNN/YouTube] [Photo courtesy AP/Jacquelyn Martin via Time]