The Trail: A Daily Diary of Campaign 2008


New Bloomberg Moves Raise Political Eyebrows

Michael Bloomberg holds two-week-old baby Sienna Farruggio after delivering the State of the City address at Flushing Meadows Corona Park, Queens. (Getty Images).

By Keith B. Richburg
NEW YORK -- Mayor Michael R. Bloomberg continues to insist he is not a candidate for president, but these days his every word, his moves and his travel schedule are being dissected and parsed like a Talmudic text.

This week, it was learned that Bloomberg has entrusted the management of his personal fortune -- estimated at $11 billion -- to his friend, the financier Steven Rattner, of the Quadrangle Group. The selection raised eyebrows in New York because Rattner is a strong backer of New York Sen. Hillary Rodham Clinton. Rattner contributed the maximum $4,600 to Clinton's campaign, and has hosted a series of events for her.

But the decision, allowed by the City Conflicts of Interest Board, stirred interest for another reason; having a high-powered financier in charge of his investments allows Bloomberg to expand his wealth, and possibly free up money for a self-financed, independent presidential run.

Also this week, City Hall announced that Bloomberg would be traveling this weekend to Texas and California -- both vote-rich states that the billionaire mayor might be targeting if he is trying to assemble the 270 electoral votes needed to forge a victory in November.

In Texas, Bloomberg will be meeting with former Tour de France cycling champion and cancer survivor Lance Armstrong, and a former U.S. surgeon general, Richard Carmona. From there, Bloomberg heads to California, for an announcement in Los Angeles about infrastructure projects with California Gov. Arnold Schwarzenegger.

And today was Bloomberg's annual State of the City speech. There was the typical laundry list of local issues -- 500 more beds for the homeless, improving the food quality in city hospitals and senior care facilities, coordinating government computers. But at a time when the city is facing reduced revenues, with the end of the real estate boom and a bear market on Wall Street, what stood out was Bloomberg's pledge to reduce spending and follow through on a promised property tax rebate to all homeowners, steps that solidify his reputation as a sound fiscal manager.

"It's all part of the striptease -- show 'em a little, then take it away," said Douglas Muzzio, a political science professor at Baruch College in New York. "The State of the City address can fit into that pattern. He's promising tax relief and spending cuts. It all seems part of the laying of the groundwork, and keeping his options open."

Despite his repeated denials, Bloomberg has continued to fuel speculation about a possible presidential run, flying to Oklahoma on the eve of the New Hampshire primary to attend a forum on bipartisanship, and then paying pollster Douglas Schoen millions of dollars to assess the feasibility of a presidential run and his chances of winning.

A mayoral aide insists this is all just part of the kind of typical planning Bloomberg likes to do as a businessman -- gathering all the facts and data to have at hand before making a commitment. Once all the data is in, the aide said, the first question would be whether Bloomberg could win, and the second question would be whether he wants the intense scrutiny and loss of privacy that would come with being a candidate for the highest office in the land.

George Arzt, a Democratic political consultant not currently affiliated with any candidate, said Bloomberg is positioning himself for a run only if he sees an opening, with the two parties perhaps in turmoil without a consensus choice at convention time. "Bloomberg is putting everything together in order to be a candidate if everything falls his way," said Arzt, who was press secretary for Mayor Edward I. Koch. "He certainly has ambitions for the presidency -- there's no doubt in my mind."

At the moment, New Yorkers don't seem to mind the speculation. In a Quinnipiac University poll last week, about half of those surveyed, 47 percent, thought the speculation about Bloomberg was good for the city, and 52 percent thought he would be a good president.

Posted at 7:46 PM ET on Jan 17, 2008
Share This: Technorati talk bubble Technorati | Tag in | Digg This
Previous: Pro-Obama Labor Group Blasts Clinton in Nevada Radio Ad | Next: Obama's Reagan Comparison Sparks Debate

Add 44 to Your Site
Be the first to know when there's a new installment of The Trail. This widget is easy to add to your Web site, and it will update every time there's a new entry on The Trail.
Get This Widget >>


Please email us to report offensive comments.

Obama/Bloomberg 08

Posted by: vitana1900 | January 19, 2008 12:34 AM

Yes, we don't have enough misogyny already in this campaign. I would vote for Bloomberg who says he won't run if Obama wins, but would if Clinton wins. Right...

Another thing, doesn't this guy get it, many of us "little people" think billionaires like him have done enough to harm this country. I hope my feelow Americans wouldn't allow the presidency to be bought.

I throw up every time I see this pitiful little man on TV.

Posted by: brigittepj | January 18, 2008 3:11 PM

Sign the petition to draft Bloomberg for President!

Posted by: whitneynovak | January 18, 2008 2:52 PM

This privileged little billionnaire dodges mainstream media's petty, picayune and personally subjective campaign gauntlet, and gets a nomination for POTUS ? And you call that DEMOCRACY ? Why not just eliminagte the rigors of cuacuses and primary elections and sell the nomination to the highest bidder among billionnaires? Like, you know, why don't we just let the poor boil their babies for food ? Or eat cake under the bridge ? And the middle class can continue propping up the pinnacles of power and greed on its hands and knees. Plutocracy, indeed. When you're rich - really rich - the fix is always in and on your side. eli

Posted by: mihalovitch | January 18, 2008 1:05 PM

why does't this paper tell all about his pandering to Illegal Aliens in yesterdays speech ????? It was a disgrace , Mr. Bloomberg is putting out the Welcome mat in N.Y. and the Nation for them. This man is a bigger disgrace than both Hillary and oboma ( if thats possible ) .

Posted by: catinhat83510496 | January 18, 2008 10:17 AM

Six comments.

Get the message?

Posted by: zukermand | January 18, 2008 9:00 AM

America needs and deserves a president with vision and a proven track record of solving tough problems and delivering real results, a president who can bring America together through true leadership and fine character.

I believe that Mayor Bloomberg, a proven successful businessman and public servant, is the leader to help us rebuild our country.

Please join me at by signing the petition that will help convince Mayor Bloomberg to run for President of the United States.

Posted by: info | January 18, 2008 9:00 AM

Obama and/or Bloomberg in what ever order is my guess, or at least an Obama surrogate (Colin Powell, Mark Warner or Jim Webb?)

I know he will not run if either Obama or McCain are running.

Bloomberg knows Rudy and the Clintons, so of course he hates them and sees his obligation to save America from either of those, or God forbid, having to choose between Rudy and the Clintons.

Posted by: coumaris | January 18, 2008 2:41 AM

Bloomberg would make an amazing president. He doesn't buy into bipartisan politics and bickering like so many others do.

He's got my vote!

Posted by: washingtonpost_com | January 17, 2008 10:34 PM

he can't win. PERIOD.

Posted by: priusdriver | January 17, 2008 10:25 PM

LOL! A quick Wiki Search, informed me that this Dimocrat in Republican's clothing, will be a Spoiler for the Dims!

Pro-choice, gun control and worse, he is Libbie through and through!

The bad news, after the Socialists Obasama and Edwards hook up, the Clinton Moderates would be likely to support the Big Tent!

But, a Spoiler for the Dims, is a good thing!

Posted by: rat-the | January 17, 2008 8:18 PM

Bloomberg, Rudy will eat you alive!!!! The world will know Rudy when he wins Florida and gets the nomination. It will be the best political comeback in the history of the USA. Go Rudy 2008. You can't buy the White House Mike Bloomberg!

Posted by: irizarryrafael | January 17, 2008 8:17 PM

Bring it on, Bloomberg!!!

Posted by: JakeD | January 17, 2008 7:49 PM

The comments to this entry are closed.


© 2009 The Washington Post Company