Bloomberg's Billions Make Instant Player

GOP departure heats up speculation on presidential run
By Sam Gale Rosen,  Newser Staff
Posted Jun 20, 2007 5:57 AM CDT
Bloomberg's Billions Make Instant Player
New York Mayor Michael Bloomberg,speaks at the kick off event for University of Southern California conference in Los Angeles Monday, June 18, 2007. Bloomberg called for reversing America's "wrong-headed course" and healing Washington's partisan gashes on a day he also sidestepped questions about...   (Associated Press)

One day after Mike Bloomberg announced he's ditching the GOP, the will-he-or-won't-he titters are building to a roar. The Post reports that Bloomberg is prepared to spend at least half-a-billion dollars on an independent presidential run—ten times what Perot spent in '92—making him the "the billion-dollar elephant in the room," writes the Politico's Ben Smith.

Some are still holding out hope for a Independent Bloomberg/Hagel ticket in 2008. But advisers say Bloomberg is still waiting to see how the major party tickets shake out, and won't make a final decision until primary season is over. Either way, the speculation raises the tantalizing prospect of a political subway series: a three-way horse race between two New York mayors and a New York senator.  (More Election 2008 stories.)

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