The potential benefits of one’s wasting a billion dollars
The rumors about the possible candidacy of Mayor Bloomberg, and the unprecedented budget he intends to invest in the campaign, are very interesting. Although Mayor Bloomberg isn’t my cup of tea, and I would personally wish he will not win the election, the possibility of his candidacy isn’t necessarily bad.
It is way to early to predict which party’s candidate will be damaged more from Bloomberg as a third party candidate. Unlike Ross Perot, Bloomberg isn’t necessarily going to enjoy the votes of the moderate Republicans but more likely, base on his record as mayor, that he will appeal to potential Democrat voters. What will be the effect of Bloomberg on each party’s likely voter is going to be determine by the parties nominees, and the campaign strategy Bloomberg will adopt.
I don’t think that a third party build around a person, rather than an ideas, will live long. Therefore I think that Bloomberg’s candidacy main blessing will be the death of the Finance Reform Act. Firstly under the current act Bloomberg can outspend any other candidate, even if theoretically they would have able to raise similar amount of money. This create additional burden on those candidates that has the disadvantage to begin with. Furthermore, and this is a risky speculation, since Bloomberg is going to come third in the general election - might silenced - at least for a while - all of those who wish to regulate and reform…
Although I can see people, like my Israeli friend Jonathan, which will jump with weird ideas how to limits how much can one spend of his own money…
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as for Bloomberg. I'm an Independent and I wish that in this bleep country the notion of a non dem or rep candidate was more accepted. The idea of starting an Independent party is almost counter to the notion of an independent but perhaps that is the way to go. Instead of solely having an Independent candidate, one has to get into 'the system' by being a party first..
Ingrid
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