After months of speculation and toying with the idea New York Mayor Michael Bloomberg has officially declared that he will not be running for President of the United States. For the last several months evidence was mounting that he would launch an Independent run for the White House. He had begun expansive state by state research on the viability of his candidacy, as well as what it would take to get on each ballot. His access to unlimited recourses fueled speculation that he would be willing to spend upwards of one billion dollars on the campaign. Yesterday he was featured in an opinion editorial in the New York Times to end rumors of his possible Presidential candidacy.
Bloomberg, however, did not leave himself completely out of the race. He did change his mind about endorsing a candidate stating that this race is too important to stay out of and, “If a candidate takes an independent, nonpartisan approach — and embraces practical solutions that challenge party orthodoxy — I’ll join others in helping that candidate win the White House.”
The one-time Democrat, one-time Republican turned Independent has also been mentioned as a good Vice Presidential pick for both McCain and Obama.