Monday, December 31, 2007
The Smart Money
--Candy Crowley, Senior Political Correspondent

As someone close to Michael Bloomberg once said, "he didn't get that rich wasting money."

In a contest where Dems are very happy with all their choices and where the bulk of the GOP holds a set of social values different from Bloomberg's, what hole does Bloomberg fill? Where does he find a following big enough to give him a reasonable chance of actually winning the White House?

So, if he doesn't like to waste money....
Posted By CNN: 12:17 PM ET
  1 Comments
Candy, I was a bit puzzled by that too at first. However, Bloomberg surely realizes that in order to become President of the United States he has to win at least 270 electoral votes. And therefore, he must win several states to achieve that. Such a feat has not been accomplished by any modern third -party candidate. I would also venture to say that even with hundreds of millions poured into such a run, he would not be successful beyond winning 15-20 percent of the vote at the maximum, in a limited number of states.

I also think it's a little pretentious of him to exhibit such concern about trying to bridge the "middle" of politics. This unity coalition he's associated with comprises a mixture of has-beens such as Sam Nunn, who offers nothing new to the table, and Republicans such as Chuck Hagel, who, apart from his opposition to Iraq policy, is extremely conservative on a number of issues, including social issues.

Bloomberg may be motivated to participate by attending the upcoming Unity gathering with others in order to push against a populist wave that is strong in the Democratic party. I would not be surprised if Bloomberg and his Unity friends/supporters favor a government that protects the rights of corporations over the rights of workers. It seems to be disquieting to Bloomberg and his ilk that the populist candidate in the race, John Edwards is moving upwards again in the polls. They may see John Edward's ideas as gaining ground and taking root across the country. They may fear a populist as President, and this is the crutch that is motivating this series of grasping around and self-organizing among the 'unity centrists' around their star, Michael Bloomberg.

Eleanor
New York
Posted By Anonymous Anonymous : 5:50 PM ET
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