NYC Mayor Considers Spending $1-Billion of Own Money!
He says he's not "planning" to run for President, but evidently he's preparing just the same.
With a personal wealth estimated at $5.5-billion, New York City Mayor Michael Bloomberg is rounding up those who pieced-together Ross Perot's third-party run for President, reports the Washington Times, outlining how behind-the scenes arrangements are underway so all will be ready if Bloomberg decides to go for it--with plans to use $1-billion of his own money.
That means major advantages for Bloomberg:
=No time spent raising money,
=So he can wait months before declaring.
=He can brag he's not beholden to any donors or special interests (a major appeal to disenchanted voters).
=His wealth lets him massively outspend all of the other candidates combined, and
=Without having to compete for a party nomination.
The wealthiest of the other candidates, Mitt Romney, may have personal wealth of around $250-million--less than 5% of Bloomberg's $5.5-billion+ fortune. Depending on when he starts, a $1-billion Bloomberg commitment would let him spend $2-to-3-million each day between now and November 2008.
Bloomberg's well-paid advisers obviously are stressing how the other GOP contenders haven't caught fire. But Bloomberg isn't the hero that conservative voters are looking for: he's very much a social liberal, regardless of what he might promise on fiscal issues. Because he would bypass the primaries by running as an independent/third-party, he will disregard the GOP's social conservatives, threatening to split the GOP base.
What a New York City soap opera! Hillary vs. Rudy vs. Bloomberg!?
aThe company website behind his wealth: www.bloomberg.com