A Fool’s Errand. Why any third party run is doomed for 2016
Now that it appears that Donald Trump will run the table on Super Tuesday (the exception being Texas where Ted Cruz still holds a decent point lead), there are murmurs that former New York Mayor Michael Bloomberg will mount an independent race of his own. Bloomberg, who flirted at such an independent effort in 2008 and 2012, is once again thinking about such an effort.
In a Los Angeles Times op-ed by Bruce Ackerman published Friday February 25th, he suggests that a Bloomberg run might cause a constitutional crisis and throw the election to the House.
This is absolute nonsense.
In fact, the last couple of third party campaigns (John Anderson in 1980 with 6.61% of the popular vote, Ross Perot in 1992 with 18.91%, and Perot again in 1996 with 8.40%) all have one thing in common—they won a total of 0 electoral votes.
No constitutional crisis here.
As Al Gore can ruefully confirm, our presidential elections are actually comprised of 51 separate races for the White House—50 states and the District of Columbia. In order any race to be thrown into the House, Michael Bloomberg has to win somewhere in the neighborhood of 60 to 70 electoral votes. In his case, there is no clear path to winning any state.
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Bloomberg won three elections as Mayor of New York before being termed out at the end of 2013. By all accounts, it was a successful endeavor and if New York City lacked term limitations, it’s quite possible he would be there today. However we forget the amount of personal money that he spent on his own behalf. According to The New York Times, Bloomberg spent $74 Million of his own funds in 2001, $85 Million in 2005, and an eye popping $102 million in his final race in 2009. While this might be pocket change to a guy worth $33 billion, it does suggest that without his deep pockets, he would have been a hothouse flower of New York politics. With the exception of his 2005 win, he barely eked out victories in both 2001 and 2009, running against some weak competition.
Now that Republican donors and power brokers are engaging in a “modified limited freak-out” (an homage to John Ehrlichman’s comments during Watergate) the potential of a “Bloomberg Spring” is appealing to many. Is there something here or are people whistling past the graveyard? In my last post, I talked about how mega-donors may opt to run for high political office themselves as opposed to doling their money out the independent super-pacs of those mortals running for the White House. I believe that somebody will emerge from the Republican mega-donor community to run on their own in the 2020 primaries.
However, running for president takes three main ingredients: money, organization, and a raison d’etre—a rationale throwing one’s hat into the ring. George Wallace was about stopping Civil Rights and Ross Perot was about debt and deficit reduction but what is Bloomberg’s rationale? Michael Bloomberg certainly has the money, but an organization and his lack of a rationale remain insurmountable obstacles.
The last third party campaign that could have created a constitutional moment was George Wallace’s 1968 run for the White House. Why? Read more…