What would be the impact of a three way race between the Democratic nominee, the Republican nominee, and a third party candidate, Mike Bloomberg?
All of the rumblings indicate that Mike Bloomberg, the billionaire Republican mayor of New York City will enter the 2008 Presidential race as a third party candidate. He is known to be socially liberal and fiscally conservative. He was a registered Democrat, but then switched to become a Republican (no doubt to have a better shot at winning the NYC mayor race)
The rumors are that a Bloomberg candidacy would have a self-financed budget of a billion dollars.