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1. Something tone-deaf in Bloomberg's announcement. I've seen it in Biden's, as well as other Democrats.

Pols in D.C, creatures of Big Media, aren't impacted by the business cycle like real voters. They say, "we can't afford" Trump to win, again.

In fact, voters CAN afford it.
2. These are people who financially don't feel all that different under Obama or Trump B/C they live off the sweat and production of others whom they despise and look down on.

Look at Survey of Consumers, BLS and BEA. Income % gains are stronger for workers than the rich.
3. Plainly, ideology is currency for Democratic candidates, something swing voters don't particularly like to hear. They want to talk about real life and real issues, how one impacts the other.

Democrats are speaking to their base and hoping no one is listening to their pocket.
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