I've made money, why not give this politics thing a shot?
Ralph Hallow in the Washington Times:
Political consultants everywhere are salivating.
New York Mayor Michael R. Bloomberg is prepared to spend an unprecedented $1 billion of his own $5.5 billion personal fortune for a third-party presidential campaign, personal friends of the mayor tell The Washington Times.
"He has set aside $1 billion to go for it," confided a long-time business adviser to the Republican mayor. "The thinking about where it will come from and do we have it is over, and the answer is yes, we can do it."
Another personal friend and fellow Republican said in recent days that Mr. Bloomberg, who is a social liberal and fiscal conservative, has "lowered the bar" and upped the ante for a final decision on making a run.
I loved Glenn Reynolds' reaction:
What will his slogan be? "More nannyish than both major parties put together?"
Or maybe: "Making America like Singapore, only more so?"
UPDATE: With Chuck Hagel as a running mate? What a ticket. Where will they put all the surplus charisma?
As I wrote a few weeks ago, "Bloomberg is a guy who thinks he should be president." No shortage of ego on that guy.
Bloomberg is listening to self-interested political consultants telling him he has a chance, a "historic opportunity," blah, blah, blah. He's loving what they're saying; he's loving the media attention. He's not realizing that they have visions of sugar plums dancing in their head. But fools are soon parted from their money.
If he gets in, he should poll pretty well, but the law of diminishing returns would kick in too soon for him to win. His ceiling is below the percentage required for a plurality. He'd hand the presidency to the Democrats...which, given that he's more of a Democrat than a Republican, he might not mind.
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