A candidate of by and for the 0.01%: Former NY Mayor Bloomberg, Fearing a Trump/Sanders Race, Eyes Presidential Race
By Dave Lindorff
Former NY Mayor Bloomberg, 8th richest billionaire in the US, is thinking of running for president if the choice is Trump or Sanders. Here are five pros and cons of having a candidate from the 0.01% running for president of the USA from TCBH! journalist Dave Lindorff
Even as Bernie Sanders’ insurgent “democratic socialist” campaign for the Democratic Party’s presidential nomination is really starting to look like it might actually succeed, with polls now showing him ahead of Hillary Clinton in both the earliest primary states, Iowa and New Hampshire, and with Republicans engaged in a circular firing squad where all the people with guns are nut-jobs of one kind or another, making a Sanders presidency even seem possible, we read that former New York mayor Michael Bloomberg is contemplating running for the White House as an independent candidate.
Now while the idea of a mega-billionaire as president may be a sick joke, Bloomberg’s running for president on his own tab (he’s ready to spend $1 billion of his own money) is no joke at all. With Forbes magazine listing his current worth as $36.8 billion at the start of this year, he is the eighth richest man in America, just behind Facebook founder Mark Zuckerberg and just ahead of Jim Walton.
It is hard to think of a worse idea than having a smug, self-congratulatory billionaire — someone not just from the top 1% of the population but the top 0.01% — sitting at the top of government telling us all what to do, but I suppose in the interest of fairness we should tote up his pros and cons. So in memory of the departed but not forgotten TCBH! co-founder Chuck Young (see his 2010 article Where Mayor Mike Can Push His Poll), here’s my list of five good and five bad things about having Bloomberg join the race for president as an obscenely wealthy independent candidate: