Michael Bloomberg Considers Presidential Bid

Michael Bloomberg Considers Presidential Bid
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Michael Bloomberg, the billionaire media chieftain and former mayor of New York, is considering an independent presidential bid, according to The New York Times, Politico and other media outlets.

Bloomberg, 73, is said to be weighing a candidacy over concerns that candidates in both parties are not talking to the center of the electorate or of bipartisan solutions. He is said to be looking at an early March deadline for deciding whether to run, according to The New York Times. He reportedly would be willing to spend up to $1 billion on a presidential run.

A spokeswoman for Bloomberg declined to comment. But aides to Bloomberg, who returned to head Bloomberg LP in 2014, have retweeted the New York Times story.

Bloomberg considered an independent presidential bid in 2008, a year after he switched his party affiliation from Republican to independent, but ultimately decided against it as the race shaped up as a campaign against Barack Obama and John McCain. Bloomberg endorsed Obama’s reelection in 2012.

But so far, the Republican primary is being led by Trump, who has appealed to disaffected voters with a mixture of populist anger and nativist rhetoric. Bloomberg has long been a champion of comprehensive immigration reform, stricter gun regulations and action on climate change, all issues that have been non-starters so far in the GOP primary.

On the Democratic side, polls show Bernie Sanders leading in New Hampshire and even in Iowa in some surveys, with a left-leaning message focused on corruption on Wall Street, a sector that helped drive the tremendous growth of Bloomberg’s media business. Bloomberg also is said to have concerns that Clinton has veered too far to the left and is beset by questions of her use of a private email server.

Bloomberg was a Republican when first elected mayor of New York in 2001, but switched his affiliation to independent in 2007. That came a day after attending a conference in Los Angeles on the importance of centrist politics and bipartisanship.

If he were to run, and Clinton and Trump were the Democratic and Republican nominees, it would pit three New Yorkers against each other. Each of the candidates also has extensive ties to the entertainment industry and media business. A Bloomberg candidacy could peel away some support, particularly from Clinton, although Bloomberg’s ability to self-finance would ease the awkwardness of having his supporters publicly disclosed on Federal Election Commission campaign finance reports.

Recent cycles have seen efforts to recruit a candidate to run a centrist campaign, only to fizzle. No independent has won the presidency, a testament to dominance of the two-party system.

Rupert Murdoch weighed in on the potential candidacy via Twitter, saying, “Seems 2016 the year for populists.”

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  1. Warner Brown says:

    It’s a little too late in the game for another wildcard to come in and confuse things more, but it would make for great TV. If he ran, he’d have to saddle Trump down first and steel his spotlight (which I doubt he could do) because you journalist fukk vultures keep running him everyday. This isn’t even a race anymore as much as it is a popularity contest, high school style with a bunch of 60+ somethings. Pathetic. If Trump wins, I don’t think he will, but if he does. Later USA

  2. Sal says:

    I hope he does. I think out of all those campaigning for President, He’s be the best choice. Here is a man that does not have any actual political party affiliation. Since he has gone from democrat, to republican, to independent. He will not be swayed by all the rhetoric that political parties bring when elections come along. He is knowledgeable in both governmental administration, and finance, He is a person that listens to the people but will not be bullied by them. Like Trump he does not need to owe favors to anyone if elected.

  3. NO to the Nanny State president

  4. Robyn Racine Roberts! says:

    Bloomberg is a phony! At least Bernie Sanders is REAL

  5. Shirley says:

    He knows he can’t win but his ego and arrogance drive him. Cares less, therefore, about who he will hurt the most in the process. While mayor, he “sold” NYC to the real estate developers, trying to make it livable for the rich and famous only. If he makes this move, i hope he finds out that he cannot buy respect.

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