The political world is a buzz with speculation about a potential independent run by New York Mayor Michael R. Bloomberg who yesterday changed his political affiliation from Republican to unafilliated (read: independent). A potential Bloomberg run is intriguing because he is a very very rich man ($5.5 billion according to Forbes), who is willing to self finance his candidacy (spedn $150million to get reelected, though he didn't have a serious challenger); it has been speculated that he'd be willing to spend upto $1billion to run for the presidency as an independent. With his move to "unaffiliated" and his: "Any successful elected executive knows that real results are more important than partisan battles and that good ideas should take precedence over rigid adherence to any particular political ideology. Working together, there's no limit to what we can do." mantra, may proof that he is slowly warming up for a run.
During Fox & Friends coverage of the Bloomberg story today, a very interesting angle was introduced, with Bloomberg "hobnobbing" with California Governor Arnold Schwarzenegger, could this be a potential independent ticket in 08'. A Bloomberg/Schwarzenegger ticket would be electric. These are two independent minded leaders, from the two most populous states, who have shown a penchant for bi-partisanship and are monied to the point that they do not accept salaries. They also have high name id, and would find instant buzz around the country, enough buzz to overcome the hurdles that Ross Perot and his no name vp candidate. With the electorate seemingly hungry for a radical change in D.C. and an easing of the partisan gridlock that has dominated American politics, a Bloomberg/Schwarzenegger, could prove to be a potent alternative to the democrats and republicans.
But their exists a major roadblock to this ticket, no matter how appealing it may be, it could never be, at least not without a constitutional amendment. Schwarzenegger is barred from runnning for president by Article II section one of the constitution: No person except a natural born Citizen, or a Citizen of the United States, at the time of the Adoption of this Constitution, shall be eligible to the Office of President" He is further barred from holding the office of Vice President by the 12th Amendment: "But no person constitutionally ineligible to the office of President shall be eligible to that of Vice-President of the United States."
The constitution would also barr any Clinton/Bill Clinton or any x/Bill Clinton candidacies in the future. Again, unless the constitution is amended.