Billionaire former Republican mayor of New York City, and man no one is clamoring for, Michael Bloomberg has reportedly told aides to draw up plans for a presidential run as an independent, and he has $1 billion to spend. The decision point would be early March and is dependent in large part whether Sen. Bernie Sanders looks like he has an inside track to the Democratic nomination. This, of course, would likely throw the election to the Republican candidate =cough= Rump =cough=. We're already spoken for:
Because billionaire Michael Bloomberg can't stand possibility of Bernie Sanders as president, he's willing to throw race to Trump— Jeet Heer (@HeerJeet) January 23, 2016
As Heer noted in another tweet, Bloomberg is essentially putting a gun to the head of American democracy. That sounds about right.A billionaire who made his money off Wall Street rushing in to try to blunt Sanders' momentum isn't TOO oligarchical.— Bob Schooley (@Rschooley) January 23, 2016
BONUS: Here's a good read on why a Bloomberg run would spell trouble and why he'd be an awful President.
BONUS II: Steve M. at No More Mister Nice Blog has a lot more on the various implications.
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