Is There Still Room for Bloomberg?
There is no doubt that Mayor Michael Bloomberg would be a formidable candidate, however some political pundits are currently making the argument that if the race becomes McCain versus Obama they will win the votes of all independent and moderate voters in the center, leaving no room for Michael Bloomberg independent Presidential run. However as the nation’s economy continues to gain prominence and coverage of the Iraq occupation continues to dwindle, my feeling is that the door remains open for Bloomberg.
Michael Bloomberg, the current Mayor of New York City, earned his wealth by being the founder of the largest financial news outlet in the world, Bloomberg L. P. So while McCain is reading up on the economy while on the campaign trail, and close examination of Obama’s fiscal policy proves it to be simply unaffordable, Bloomberg has been in the thick of the economic world for over 20 years.
Bloomberg has proven himself as an executive not only in the private sector but also as mayor, by turning a $6 billion deficit into a $3 billion surplus in New York City and continuing the reduction of crime in the city. So in the eyes of some he has earned the right to call himself an economic conservative, something that is more difficult for McCain to say with a straight face. Bloomberg would be the only candidate in the race with such a resume of executive experience, both in the private sector as well as his terms in the Mayoral office.
On foreign policy Bloomberg falls short of McCain’s hawkish stance, but falls in line with mainline conservatives. He supported the Iraq War from the beginning and has said he believes it is America’s responsibility to protect people around the world.
While I don’t believe the conditions in Iraq will become completely quite in the next 9 months, what is important to the race is that Iraq may very well become the next Afghanistan by slowly beginning to fall off of the map in mainstream American Press. We are already beginning to see this happen. Focus outside of the country is beginning to shift to Israel and Pakistan.
March 5th is a date to watch because it is the date when Bloomberg would be able to officially begin to collect signatures to get on the ballot in Texas, the first state in the process. One month ago Bloomberg met with a ballot access expert in Texas. Since then many believe Bloomberg has quietly put out feelers in all 50 states to determine his chances if he were to become involved in the race.
As a campaigner, Bloomberg would not have to focus on fundraising, and therefore would not owe any lobby once in office. The only fundraising he would need would come from his checkbook because his net worth is estimated at over $11 billion. Therefore he would have no problem getting his message out (most likely through a big budget ad campaign, similar to his successful mayoral campaign) on how he would plan to turn around the slowing economy. He already has a presence in the national media, making headlines just last week for his critical comments on the economic stimulus plan. Because he would be able to effectively get his message out he would be a more formidable opponent to Obama than Hillary has been, because he would have the dollar power to make the race about issues. This could possibly deflate the importance of Obama’s lofty rhetoric and charming personality, something McCain will not have the dollar power or charisma to accomplish.
Publicly Bloomberg has continually stated that he is “not a candidate,” and last week he slightly strengthened that stance by adding that it will stay that way. But until ballot access dates begin to fade into the past, speculation is likely to continue. What has become clear is that if he does run, Senator Chuck Hagel is no longer a likely running mate. Hagel recently stated publicly that the rise of McCain has essentially shut the window that was once open for Bloomberg. This comment could be chalked up to Hagel towing the party line.
Comment by Michael Bloomberg for President on 19 February 2008:
My armchair speculation is that Bloomberg will keep his options open until the absolute very last minute. He will likely go forward with ballot access. Estimated cost is $10-$15 million. For a man worth $11.5+ billion, it’s money he will never notice.
This will continue speculation.
He will wait for opportunity. He has that luxury. If either or both major candidates have a stumble, he will jump in with both feet. Until then he will sit back and study the numbers.
Like yourself, I believe that, as the economy continues to move to the forefront as the major issue for voters, none of the front-runners have any economic credentials between them.
He becomes ever more viable.
The battle in the Democratic party between Hillary and Obama is sucking all the air out of the room. This being the case, Bloomberg’s possible candidacy is not a topic of discussion.
If this battle plays out until the Democratic convention, on the one hand, it could leave little air-time for someone like Bloomberg, but on the other hand it could leave both Dem. candidates so battered, and Democrats disenchanted, that a very late entry by a candidate like Bloomberg could still be viable.
I could actually see him go through the ballot access motions, and then just wait on the sidelines until 100 days before the election and do a $1 billion media blitz starting in mid July.
Or maybe he doesn’t see an opening, and decided to sit it out.
-Chris
Learn more about Bloomberg here:
http://www.RunMikeRun.com
Comment by Lee on 20 February 2008:
Three factors would seem to preclude a Bloomberg run, and all three seem now to have occurred. John McCain as the GOP nominee did not close off a Bloomberg candidacy. McCain’s image as an independent has long been eclipsed by his warhawk image. A Clinton-McCain contest would have left Bloomberg a pretty good opening in the middle. But Obama as the Democratic nominee would lock up too many independent voters. Besides, Bloomberg seems to admire Obama and may not want to oppose the first African-American president.
Were Clinton to wrest the nomination from Obama, Bloomberg would have a ready-made pool of disaffected Democrats and Democrat-leaning independents. But how to compete against McCain? That’s where Chuck Hagel would come in. A Bloomberg-Hagel ticket would project a new foreign policy direction and a clear contast to McCain’s “hundred years war” image. But if Hagel is ruled out as a running mate, Bloomberg will have to wait for 2012 if he wants to be president.
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