Bloomberg Contemplates Running for President as Independent; Longest of Longshots - InvestingChannel

Bloomberg Contemplates Running for President as Independent; Longest of Longshots

Former New York Mayor, billionaire Michael Bloomberg, is fed up with Donald Trump, the republicans in general, Bernie Sanders, and Hillary Clinton’s shift to the left to fight Sanders.

As a direct result of being fed up with everyone but himself, Michael Bloomberg Mulling Run for President as Independent.

Mr. Bloomberg, 73 years old, has long contemplated a run at the White House. But the unlikely rise and continued strength of Donald Trump, along with polls suggesting Hillary Clinton’s campaign may be flagging, have driven the billionaire businessman closer than ever before to entering the race, a close adviser said Saturday.

Eyeing a potential opening for the first time, Mr. Bloomberg has retained a consultant to help him run on the independent ballot in state primaries. He has commissioned polls to test his path to victory. And he has directed the close circle of advisers who worked for him as mayor and have remained by his side over the past two years since he left office to begin mapping out a blueprint for a run, one adviser said.

That adviser said the former mayor has been upset by what he sees as extremist rhetoric from Republicans in the race, as well as a leftward turn from Mrs. Clinton, who is fending off an unexpectedly strong challenge in the Democratic primary from the more liberal Vermont Sen. Bernie Sanders.

If he runs, Mr. Bloomberg is likely to face hurdles with voters, especially those outside the Northeast, where he is better known. A recent poll by Morning Consult showed Mr. Bloomberg receiving 13% support from voters, Democrat Hillary Clinton getting 36% and Republican Donald Trump 37%. The same poll found that 43% of voters either hadn’t heard of Mr. Bloomberg or had no opinion. Morning Consult said the poll was conducted from Jan. 14 to Jan. 17 among a sample of 4,060 registered voters around the country.

Longest of Longshots

Should he choose to run, Bloomberg would be the longest of longshots. But, he has a lot of money to waste.

Should he choose to do so, would it help or hurt Trump?

Mike “Mish” Shedlock

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