Report: Bloomberg Considering Presidential Bid

January 23, 2016

225px-Michael_R_BloombergFormer New York City Mayor and regular Bermuda visitor Michael Bloomberg is considering a third-party bid for president and would be willing to spend at least $1 billion of his fortune on it, according to the New York Times.

The Times reports that Mr Bloomberg has instructed advisers to draw up plans for a potential independent campaign in this year’s presidential race.

“His advisers and associates said he was galled by Donald J. Trump’s dominance of the Republican field, and troubled by Hillary Clinton’s stumbles and the rise of Senator Bernie Sanders of Vermont on the Democratic side,” the report said.

“Mr. Bloomberg, the billionaire former mayor of New York City, has in the past contemplated running for the White House on a third-party ticket, but always concluded he could not win.

“A confluence of unlikely events in the 2016 election, however, has given new impetus to his presidential aspirations.

“Mr. Bloomberg, 73, has already taken concrete steps toward a possible campaign, and has indicated to friends and allies that he would be willing to spend at least $1 billion of his fortune on it, according to people briefed on his deliberations who spoke on the condition of anonymity because they were not authorized to discuss his plans.

“He has set a deadline for making a final decision in early March, the latest point at which advisers believe Mr. Bloomberg could enter the race and still qualify to appear as an independent candidate on the ballot in all 50 states.”

Mr Bloomberg pictured with OBA members after speaking at their conference last year in Bermuda:

OBA MPs & Senators LR-001

The 2016 United States presidential election is scheduled for Tuesday, November 8, 2016, with American voters set to begin heading to the polls for the Iowa Caucuses on February 1, 2016.

Hillary Clinton, Martin O’Malley and Bernie Sanders are all seeking the Democratic nomination, while Jeb Bush, Dr Ben Carson, Chris Christie, Ted Cruz, Carly Fiorina, Mike Huckabee, John Kasich, Dr Rand Paul, Marco Rubio, Rick Santorum and Donald Trump are all running on the Republican side.

As we sometimes do, Bermuda has already come up in the election campaign with Democratic candidate Bernie Sanders talking about “doing away with the ability of corporations to stash their money in tax havens like the Cayman Islands and Bermuda,” while Democratic front runner Hillary Clinton said she would “end the Bermuda reinsurance loophole” that money managers use to “avoid paying their fair share.”

The Times report added that, “Mr. Bloomberg’s brain trust has examined previous third-party efforts dating to Theodore Roosevelt in 1912, giving closest attention to the campaigns of John Anderson in 1980 and H. Ross Perot in 1992.”

In 1992, Mr Perot — who like Mr Bloomberg was known to visit Bermuda frequently — mounted a third party Presidential bid winning 18.9% of the vote, while eventual winner Bill Clinton claimed 43.01% of the vote.

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Comments (19)

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  1. Coffee says:

    Micheal had better stay in his lane . The difference between being the Mayer of New York and the POTUS is like night and day ….

  2. Deborah says:

    Just when you thought it couldn’t get any worse!!!

  3. hmmm says:

    Coffee, so you are American….interesting turn up for the books…A huge PLP supporter is actually an American in disguise

    • Coffee says:

      When discussing opinions on the potential leader of the free world , all and sundry is …. Free to speak . To vote is a privilege .
      Sarah Palin stands a better chance , the American public will endorse a woman before a few .

  4. Keepin' it Real!...4Real! says:

    I don’t wanna laugh at your comment because it’s not nice to laugh at mentally challenged persons…but keep commenting bruh it’s your right to freedom of speech.

  5. Commodore JB says:

    Fantastic news! As a fellow billionaire, I intend to have my people call his people and offer support. By all reports he may need financial assistance from me.

    • The amount of people starving in this world, and one man is gonna spend $1 Billion to become a leader!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

      • Keepin' it Real!...4Real! says:

        You sound as though this shocks you…

    • BBIRYC Press Secretary Ensign Smilen says:

      I’ll organize the cake vodka for the victory party!

  6. Crab Meat says:

    You can’t be serious..

  7. Mary says:

    What’s everyone smoking in this comment section?.??,,.,,

  8. gunsmoke says:

    Probably better than what we have seen so far.

  9. Faulk says:

    A great friend of Bermuda, hope he runs and wins. Also hope he he has a good explanation as to how the Americas Cup ended up here…

  10. Faulk says:

    and to boot, the first Jewish prez.