Former New York City mayor Michael Bloomberg took a long, hard look at mounting an independent campaign for president this year, prompted by nagging concerns that if GOP presidential frontrunner Donald Trump were elected, it would be a disaster for the country.
Previous independent and third party campaigns for president dating back to Theodore Roosevelt in 1912 and H. Ross Perot in 1992 all waged losing battles. Bloomberg, the 74-year-old multi-billionaire and political moderate, would likely face a similar fate by launching an improbable national campaign at this late date. Yet his animus was so great for Trump, another New York City billionaire who was espousing far right and Xenophobic views on immigration, Muslims and national defense, that he seriously considered pouring hundreds of millions of his own fortune into a bid to stop him.
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On Monday, Bloomberg said he would stand back and allow the general election to unfold without him – likely with Trump the GOP nominee clashing with former Secretary of State Hillary Rodham Clinton for the White House.
"When I look at the data, it's clear to me that if I entered the race, I could not win,” Bloomberg wrote in a column in Bloomberg View, his opinion site. “I believe I could win a number of diverse states -- but not enough to win the 270 Electoral College votes necessary to win the presidency.”
Moreover, the former three-term independent mayor feared that if he entered a race, he would risk either draining moderate Democratic support from Clinton or throwing the election into the House of Representatives, where a Republican majority would hand the election to Trump.
During the early stages of his deliberations, Sen. Bernie Sanders, a democratic socialist from Vermont, was threating to sidetrack Clinton’s campaign with his broad appeal to liberals and young people. Bloomberg signaled that he would consider entering the race if the general election contest pitted Sanders against Trump – an almost certain losing cause for the Democrats.
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Bloomberg combined conservative, business-friendly economic policies with liberal views on gun control, health care and other social issues.
But with Clinton now apparently on track to claim the Democratic nomination this summer – unless she’s derailed by being indicted over her misuse of emails during her four years as secretary of state – Bloomberg apparently is satisfied to stand back and let that political drama play out.