BLOOMBERG BOLTS GOP - PREPARES FOR VANITY PRESIDENTIAL RUN
Why do the fabulously rich think they have insight into the problems of the world that the rest of us mere mortals lack?
Ross Perot, Donald Trump, Steve Forbes, the Rockefellers, the DuPonts - all have either run for President or have been mentioned prominently as a possible candidate for the office. The fact that none of them have come close isn’t the point (Nelson Rockefeller perhaps had the best chance but was destroyed by Barry Goldwater in ‘64). The problem is we have to sit and listen to their hectoring lectures about how if only we put a real business executive in charge of the government, our problems would be solved in a jiffy. After all, these are people who’ve made a gazillion dollars (or their fathers, grandfathers, or great grandfathers made the family fortune) and think that their no-nonsense, unflappable executive style leadership personae is just the thing to whip this country into shape.
The latest entry into this most exclusive club of American aristocrats to believe he has what it takes to govern well and wisely is former Democrat, now former Republican, declared “independent” (whatever that means), and still Mayor of New York City Michael Bloomberg. Back in 2001, Bloomberg didn’t think he had a shot at the Democratic party’s nomination for Mayor so he did what all rich people do when confronted with a roadblock; he altered the playing field by shamelessly switching parties and running as a Republican. Spreading $73 million around of his own money, Bloomberg was barely able to beat liberal gadfly Mark Green in the general election.
Re-elected in 2005, Bloomberg set his sights on the Presidency. His name has floated around as a possible candidate in Republican circles for years, although he was significantly overshadowed by two other Republicans in the state - Rudy Giuliani and Governor George Pataki.
What’s a poor little rich boy to do? Since the party was not going to come to him, Bloomberg decided the only way he could experience the thrill of having pundits and political insiders take him seriously as a national candidate would be to leave the party system behind and strike out as an independent:
Mayor Michael R. Bloomberg announced Tuesday that he was dropping his Republican affiliation, a step that could clear the way for him to make an independent bid for the presidency.
The announcement was released during a campaign-style swing through California, during which Mr. Bloomberg, 65, a billionaire businessman, used increasingly sharp language to criticize both parties in Washington as too timid to take on big problems and too locked into petty squabbling to work together.
“I believe this brings my affiliation into alignment with how I have led and will continue to lead my city,†Mr. Bloomberg’s statement read. “Any successful elected executive knows that real results are more important than partisan battles, and that good ideas should take precedence over rigid adherence to any particular political ideology.â€
One assumes that if elected, Mr. Bloomberg would not be “too timid to take on big problems.” That very well might be the case. But he can be as bold as brass and still not get anything done. That’s because there’s a very good reason politicians are too timid to take on the “big problems.”
Trying to solve the nation’s problems always means getting some of the voters mad at you. Not everyone will be convinced that your brilliant solutions to Iraq, the deficit, entitlement programs, social security, Medicare, homeland security, and terrorism are the way to proceed. Many citizens (and perhaps even some lawmakers), in fact, may well wish to hang you in effigy and call you nasty names. And without some kind of party apparatus to whip House and Senate members into line, you have about as much chance of passing any of your heartfelt, carefully thought out solutions to our problems as Paris Hilton has of emerging from jail with her hair shorn, wearing sack cloth and ashes, and chanting the Confiteor - in Latin.
Politicians are not going to stick their neck out for a President Bloomberg just because he’s sincere and has solutions that make sense. He could be the greatest communicator since Reagan (he’s a bore as a speaker) and still fail miserably. Bloomberg can’t be unaware of this which makes his desire to run sheer vanity. As a mutli billionaire (he’s ranked 44th wealthiest man in the world), a hundred million of his own money spent on a Presidential run would give him instant credibility - at least in the eyes of the media. But if he got more than 5% in the general election, I would be shocked.
Having the golden touch at making money and governing the United States of America represent two different skill sets. Why we would think that someone successful in business would be able to translate that skill into being able to deal with al-Qaeda? Or reform entitlements? It won’t wash with the voters. It never has.
If Bloomberg were to give in to the temptation and run for President, who would he potentially hurt more? Conventional wisdom has him taking votes away from the Democratic presidential candidate due to his more liberal views on social issues like abortion and gay marriage. But what happens if Rudy Giuliani receives the Republican nomination? Then all bets are off and both parties would scramble like hell to keep Bloomberg off the ballot in as many states as possible. Why take the chance that Bloomberg will siphon votes away from your candidate?
Just how much would Bloomberg be willing to spend of his own fortune in this vanity run? His legal bills are going to be astronomical as he fights to get his name on as many state ballots as possible. Couple that with spending on paid media, staff, campaign travel, and the number he may be looking at will be approaching $150 million or more. If he goes ahead and takes the plunge, it could end up being the most expensive indulgence ever embraced by a vainglorious aristocrat yet.
J.P. Morgan or Andrew Carnegie would never have spent that much. They considered the Presidency a step down. What does that say about today’s robber barons?