Yes, no doubt about it. If Michael Bloomberg jumps into the presidential race, he will be the Ralph Nader of 2008 — stealing the White House from the Democratic nominee.
That’s why nobody should take this Bloomberg possibility lightly. Sure, he says he “intends” to complete his term as mayor. But, according to the New York Times, he and his staff spent the last two years researching how to run as an independent. And besides, if he’s not at least thinking about running, why he’d go through all the fuss of changing his party registration?
Of course Bloomberg’s paving the way for running for president as an independent. And what makes him more dangerous than Nader, or Ross Perot, is that Bloomberg has unlimited personal wealth to blow on a presidential run. He’s already said he’d be willing to spend at least $500 million of his own money, if he decides to run. That’ll put him on the ballot in all 50 states.