1/10/2008

Another reason why Campaign Finance Regulations help Bloomberg

I came across an interesting news story today about Bloomberg possibly running for the presidency:

So far, the surprise outcomes of the Iowa caucuses and New Hampshire primary have added urgency and strength to the Bloomberg operation, Schoen said.

"The uncertainty in the nominating process on both sides makes it more likely that Mike Bloomberg will explore a candidacy," he said.


I agree with this, but for possibly different reasons than the person here. Take the extreme case. If a nominee is not picked for a party until the party convention in August, that person will have little time to raise what would likely be a hundred or two hundred million for the general election. The less time that the Republicans or Democrats have to raise money, the easier it will be for Bloomberg to win.

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