Jan. 26, 2016 — For the third time, former New York Mayor Michael Bloomberg is considering a potential Independent run for president.
The New York Times is reporting that Bloomberg has hired a team of political consultants to begin examining his ability to qualify for the ballot as an Independent candidate in all 50 states. Doing so is no easy feat –- the major parties constructed and passed laws at the state level that effectively limit easy ballot qualification to the Democrats and Republicans -– and the Times reports the advisors are telling Bloomberg that he would have to launch his effort no later than March if he is to have any chance of attaining national ballot placement.
The same reports suggest that Bloomberg would be willing to spend as much as $1 billion of his personal fortune – his personal wealth is estimated to be in the $41 billion range – on a national campaign. But, can even a well-funded Independent have any chance of winning the presidency? Probably not.
We turn back to 1992, the last time an Independent attracted any significant vote. Then, businessman Ross Perot, running on the Reform Party ticket, captured 19 percent of the popular vote nationally, the best third party candidate showing since Teddy Roosevelt tallied 27 percent as the Progressive Party nominee in 1912.