Bloomberg for president

Michael Bloomberg is making maneuvers to announce his candidacy for president and challenge Obama and the GOP field as an Independent. His strategy is to launch his campaign beginning August 2012 with a media blitz leading up to Election Day.

According to Crain's newspaper, Bloomberg's wealth increased by $2 billion from last year. He is preparing his personal war chest to fund his presidential race.

Can this strategy win Bloomberg the White House in 2012? His goal is to win in the Electoral College. His advisers believe Obama has a third of the Electoral College locked, the GOP has a third and a well-funded Independent could prevail in the Electoral College.