In July 2016, Michael Bloomberg warned that electing “dangerous demagogue” Donald Trump as president would be a giant, papaya-colored mistake. Commenting on the fact that the perennial bankruptcy artist was pitching himself as a successful businessman who would bring his private-sector experience to the Oval Office, Bloomberg told the crowd at the Democratic National Convention: “Trump says he wants to run the nation like he‘s running his business? God, help us. I’m a New Yorker, and I know a con when I see one.” Unfortunately, a number of Americans and the Electoral College bought that con, which brings us to the horror show of today, a situation so bleak that the former mayor of New York is reportedly considering, as he does every four years, a run for office.

CBS New York reports that Bloomberg is mulling a bid for office in 2020, though as a Democrat instead of an Independent. A source close to the billionaire says “the move is fueled in part by regret” that he didn’t run in the last presidential election, “because he feels he could have either won outright or prevented Donald Trump from winning.” In a 2016 op-ed announcing his decision to stay on the sidelines, Bloomberg wrote that while he believed he “could win a number of diverse states . . . [it would not be] enough to win the 270 Electoral College votes necessary to win the presidency,” and could have effectively helped Trump or Ted Cruz. Because—spoiler alert—that happened anyway, Bloomberg is apparently considering an attempt to save us all from the agony of the words “eight years of Donald Trump.”

Of course, it’s far from clear whether Bloomberg will actually throw his hat in the ring considering the man has mulled, and then decided against, presidential runs every election season since 2008. But political consultants who spoke to CBS New York point to the fact that he’s made “a number of key moves, including spending $80 million to help Democrats win Congressional races, and collect[ed] a lot of political I.O.U.s in the process.” As another person close to Bloomberg put it to the New York Post, “That’s an indication of where his head is at.”

Whether Bloomberg runs or not, one thing is for certain: Trump will throw a presidential hissy fit on Twitter once he gets wind of the news. Back in February 2016, the then-candidate huffily told Fox Business that Bloomberg, who is worth an estimated $50 billion to Trump’s reported $2.8 billion, was “not a friend of mine anymore,” after Bloomberg said in an interview he was thinking about entering the race because he found “the level of discourse and discussion distressingly banal and an outrage and an insult to the voters.” Bloomberg, the most anodyne of politicians—a diminutive technocrat obsessed with counting calories and taxing sodas—shouldn’t provoke Trump as much as he does. (With barbs like “distressingly banal,” the Democrats might finally have a street fighter of their own!) But something about Bloomberg seems to get under Trump’s comparatively penurious skin. After the Democratic National Convention speech, Trump tweeted, “‘Little’ Mike Bloomberg, who never had the guts to run for president, knows nothing about me. His last term as Mayor was a disaster!” Trump, who said in 2012 that Bloomberg was “doing a great job as Mayor of New York City,” also told his followers that should his ex-pal run for office again, voters “would run him out of town.”