Bloomberg Confirms He’s Considering Running

Former New York mayor and frequent Bermuda visitor Michael Bloomberg has confirmed that he is considering running for President of the United States, marking the first time the billionaire has confirmed that he is eyeing a presidential bid.

In an interview with the Financial Times, he was “looking at all the options” when asked about a possible bid.

“I find the level of discourse and discussion distressingly banal and an outrage and an insult to the voters,” Mr Bloomberg told the Financial Times, before adding that the U.S. public deserved “a lot better”.

Mr Bloomberg told the Financial Times he would need to begin putting his name on ballots across the country at the beginning of March.

“I’m listening to what candidates are saying and what the primary voters appear to be doing,” he said.

The 2016 United States presidential election is scheduled for Tuesday, November 8, 2016.

Hillary Clinton and Bernie Sanders are seeking the Democratic nomination; while Jeb Bush, Dr Ben Carson, Chris Christie, Ted Cruz, Carly Fiorina, John Kasich, Jim Gilmore, Marco Rubio and Donald Trump are all running on the Republican side.

Mr Bloomberg — like Republican candidate Donald Trump — is rich enough to finance his own campaign, prompting Democratic candidate Bernie Sanders to call it a move “away from democracy to oligarchy.”

Last month the New York Times reported that Mr Bloomberg has instructed advisers to draw up plans for a potential independent campaign in this year’s presidential race, saying he has set a deadline for making a final decision in early March.

The last time a strong third party bid was made for US President was in 1992, when Ross 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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