Bloomberg May Spend Up To $1 Billion For Third Party Run

The Washington Times reports that New York Mayor Michael R. Bloomberg may spend up to $1 billion for a third party run.

http://bluesunbelt.com/showDiary.do?diar yId=577


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.

   The mayor has told close associates he will make a third-party run if he thinks he can influence the national debate and has said he will spend up to $1 billion. Earlier, he told friends he would make a run only if he thought he could win a plurality in a three-way race and would spend $500 million -- or less than 10 percent of his personal fortune.

   A $1 billion campaign budget would wipe out many of the common obstacles faced by third-party candidates seeking the White House.

http://www.washingtontimes.com/national/ 20070515-123142-3314r.htm

Tags: 2008 elections, Barack Obama, bluesunbelt.com, Chuck Hagel, Hillary Clinton, John Edwards, Michael Bloomberg (all tags)

Comments

6 Comments

It will be good for the United States

to have more than two voices in the race.

Unless Hillary Rodham Clinton is the nominee, this should be good for the Dem candidate for POTUS, but it may hurt Dem candidates for Congress.

by Carl Nyberg 2007-05-15 06:54AM | 0 recs
Re: It will be good for the United States

Just in from the AP:

New York City Mayor Michael Bloomberg again rejected supporters Monday who wanted him to run for president. That includes Nebraska Sen. Chuck Hagel's suggestion that the nation could use an independent presidential ticket with Bloomberg and Hagel on it.

by BDM 2007-05-15 07:51AM | 0 recs
Re: It will be good for the United States

Is it a real rejection or a ritual until he's ready to announce.

Why did MB redo his website if he's not running for POTUS?

by Carl Nyberg 2007-05-15 07:53AM | 0 recs
Re: It will be good for the United States

This was on MSNBC. He was reacting to the report of spending one billion dollars on a presidential,bid. He also rejected running for Governor of NY in the future.

Is it a shermansque statement no, but for now he is not running.

by BDM 2007-05-15 08:02AM | 0 recs
Re: It will be good for the United States

It is really strange he keeps saying he is not running then stories are floated that he is.

by robliberal 2007-05-15 08:32AM | 0 recs
Re: It will be good for the United States

But it is almost like Gore stating he is not running, then stories float.  When a candidate states that he is not running, he probably is not.  

by georgep 2007-05-15 09:11AM | 0 recs

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