All Bloomberg brings to the table is money. In terms of positions, he is well to the left of the Democratic Party: totally pro-choice, a regulatory and environmental fascist (smoking and trans fats come to mind), a massive tax hiker in the name of education, and so on and so forth. (Yes, NYC is doing well. Does Bloomberg deserve credit for that? In my opinion, no -- huge growth in the finance industry delivered a tax windfall into Bloomberg's lap.) Not to mention Bloomberg's severe elitist streak.
In fairness to Bloomberg, if anybody deserves to be an elitist, he does. After all, he is a hell of a lot smarter than most of us. His "Bloomberg machines" are ubiquitous up here -- for $2000 a month, the user gets access to mind-boggling amounts of financial data, delivered in a pretty usable package. Bloomberg makes $1 billion a year after taxes on these things, on top of a net worth of $20 billion.
I think a Bloomberg run is the best thing that could possibly happen for the GOP. The GOP could keep 42-46% of the popular vote with Fred Thompson and keep their base intact, instead of having Rudy win a Pyrrhic intraparty civil war over social issues to give the GOP a one-in-ten shot at a 50.1% victory in the popular vote.
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Thursday, June 21, 2007
Alex Forshaw on Bloomberg for POTUS
I think Alex is astute here:
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