On Saturday the N.Y. Times reported that former N.Y. mayor and Bloomberg Network founder Michael Bloomberg has instructed advisers to draw up plans for a potential 3rd party independent presidential campaign.
According to the New York Times, Mr. Bloomberg has contemplated running for president but always concluded he could not win.
The New York Times article states that Mr. Bloomberg has indicated to friends and allies that he would be willing to spend at least $1 billion of his fortune on the campaign and establish a deadline for deciding in March.
Bloomberg’s aides noted that “he was galled by Donald J. Trump’s dominance of the Republican field, and troubled by Clinton’s stumbles and the rise of Senator Bernie Sanders on the Democratic side.”
Clinton’s poll results have recently dropped in Iowa and she is way behind Sanders in New Hampshire.
Latest Republican poll results show that Trump is the dominant candidate and leads by a significant margin.
Both Trump and Sanders are polarizing candidates who have taken non-establishment positions over a host of topics ranging from border control, income inequality, tax reform, and foreign policy.
Trump advocates for radical positions in several different areas including deporting 11 million undocumented immigrants and “allowing the good ones back in.”
Sound complicated? If adopted it will certainly become a sticky immigration policy to implement.
Building a border wall and then having Mexico pay for it is impractical and utopian. Good luck with that one.
It is unclear how Trump plans to force Mexico pay for a border wall stretching from the porous areas running through 4 states from California and Texas.
Calling for a “total and complete shutdown of Muslims entering the U.S. until our representatives can figure out what is going on” may sound appealing to a segment of the American population that are disturbed by a string of recent terrorist attacks in the West by Islamic terrorists but it stands little chance of ever being approved on a legal basis.
The British Parliament recently debated a measure whether to ban Trump from Great Britain over his Muslim ban views that didn’t go over well across much of the world.
Holding an illegal and discriminatory policy ban towards a targeted religious group by a potential “leader of the free world” should concern the world community.
Trump has recently taken condescending positions lately towards Apple by claiming that he will force the Cupertino, California company to “build its computer and things” in the United States during a rally at Liberty University in Virginia.
Prone to making off the cuff controversial remarks, Trump said he would make Apple “build their damn computers and things in this country.”
His controversial position towards corporate America stands little chance of ever being imposed by a presidential edict or Congressional majority.
It is yet another example about how Trump has wandered aimlessly in the polar fringes where his angry supporters like him to voyage with his undisciplined style.
Trump fails to understand that Apple’s high end desktop, the Mac Pro, is assembled in Austin, Texas and not in China.
Trump has also claimed he would bring back American manufacturing jobs that were outsourced to Mexico.
Forcing American companies to manufacture in designated areas is an overreach of presidential duties and will also anger corporate executives who don’t like orders about how to run their businesses.
Protectionism and xenophobia are two words that characterize the Trump presidential campaign.
Concerning women, Trump has also criticized different women ranging from Fox Host Megan Kelly when he tweeted following a Fox News Debate she had “blood coming out of her” to his stinging rants about former View Host Rosie O’Donnell.
During earlier debates about foreign policy issues, Trump has literally been all over the map with his foreign policy views.
Trump has advocated for the U.S. pulling out of Syria and allowing Russia to have more control in the troubled country.
Yet he portrays himself as being pro-military and fighting ISIS across the Middle East where sectarianism and religious tensions have renewed strife across the region.
Senator Bernie Sanders (D-Vermont) appeals to Democrats on the far left and young American voters with his focus in income inequality while upholding economic views that closely mirror Elizabeth Warren’s views about banking and financial reform.
Their left wing canons are aimed front and center at the heart of Wall Street.
Taking the nuclear options towards Wall St. and demonizing the wealthiest Americans are not mainstream positions and certainly doesn’t get the establishment vote.
Sanders has advocated for a return to the Glass-Steagall Act that severely limited commercial bank securities, activities, and partnerships within commercial banks and securities firms.
The international financial community has reservations about Sanders getting the Democratic candidacy for president.
This concern emerged last week at Davos, Switzerland during the World Economic Forum attended by financial leaders.
Although it’s true no independent candidate has ever made it to the White House, Mr. Bloomberg has correctly sensed that polarizing presidential candidates in both parties are emerging to the forefront and he could become a viable alternative.
Trump was asked about Mr. Bloomberg’s potential run as an independent candidate on NBC’s Meet the Press aired on Sunday and said that he would love Michael Bloomberg to run.
“I would love that competition. I think I’d do very well against it” Trump said.
Sanders told Meet the Press that he is concerned about the potential of 2 billionaires running for president but sounded optimistic about his chances defeating both of them.
“Well, my reaction is that if Donald Trump wins and Mr. Bloomberg gets in, you’re going to have two multi-billionaires running for president of the United States against me. And I think the American people do not want to see our nation move toward an oligarchy where billionaires control the political process. I think we’ll win that election” Sanders said.
Clinton told Meet the Press that she has a different reading on the recent announcement and implied that Bloomberg’s potential run is contingent on her not receiving the Democratic nomination.
“Well, the way I read what he said is if I didn’t get the nomination, he might consider it. Well, I’m going to relieve him of that and get the nomination so he doesn’t have to” Clinton said.
Mr. Bloomberg runs a Bloomberg Network that includes a respectable financial website and financial T.V. network.
He has proven credibility on Wall Street along with past political experience as a mayor of New York where he ran as a Republican.
Many of his social policies are considered to be more liberal minded, including his pro-choice support.
His past advocacy work for gun control and soda drink bans in New York galvanized more liberal minded New Yorkers.
If Mr. Bloomberg decides to run as an independent candidate, he will obviously appeal to independents and other disenfranchised voters in both parties which are more closely aligned with the establishment center in their parties.
Although it remains to be seen whether he could capture enough votes to become president, Mr. Bloomberg could definitely become a disruptive force in the presidential race and take away votes from both parties as Ross Perot did in 1992 and 1996.