Will Mike Bloomberg run in 2012?

Charlie Gasparino, commentator for Fox Business, reports today that his Wall
Street sources say they want Mike Bloomberg, mayor of New York, to run for president
in 2012 and Bloomberg is considering it.

“He’s not saying no. He’s leaving the door open,” Gasparino said this afternoon
on Fox Business.

Gasparino said in his book, Bought and Paid for: The Unholy Alliance Between
Barack Obama and Wall Street, that many on Wall
Street supported Barack Obama in 2008 but have since become disillusioned and
are turning to Bloomberg.

It was suggested in this column in August that Bloomberg offered the potential
for a new political party with his pal Arnold Schwarzenegger, governor of
California: “Bloomberg/Arnold could change the political dynamic in this
country to one of temperament rather than economic outlook. My local paper here
in the mountains tells us today that the ‘widening consensus’ is that the U.S.
economy has ‘slowed to a crawl’ and the federal government is out of options.
That means that the traditional Democratic Party is out of options as well, as
it put all of its chits on the Roosevelt paradigm and the Marx/Keynes hybrid.
This at a time when Hayek’s classic The Road to Serfdom finds its way to the best-seller lists at Amazon and
Barnes & Noble … We need New York and we need L.A., but they are crumbling
under the paralysis of political tradition and orthodoxy. We need, primarily,
imagination, and Arnold and Bloomberg bring it. Let’s see what they have to
say.”

Visit Mr. Quigley’s website at http://quigleyblog.blogspot.com.