Brought to you by Campaign Finance Regulations: Bloomberg's Presidential Run

My book Freedomnomics goes through the impact of campaign finance regulations, but one of the bigger impacts is how it has worked to give wealthy candidates an advantage. I won't go through all the arguments here, but one simple point is that if Bloomberg spends $500 million or $1 billion as has been discussed, donation limits mean that there is no way that even the combined Democratic and Republican expenditures can match that.

Buoyed by the still unsettled field, Mayor Michael R. Bloomberg is growing increasingly enchanted with the idea of launching an independent presidential bid, and his aides are aggressively laying the groundwork for him to run.

On Sunday, the mayor will join Democratic and Republican elder statesmen at the University of Oklahoma in what the conveners are billing as an effort to pressure the major party candidates to renounce partisan gridlock.

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Anonymous Anonymous said...

Is this the same Mayor Bloomberg running the straw sales of firearms so that he can proceed against other states for crimes committed in New York? If so, I would not vote for him as dogcatcher. A well-heeled politician can still conduct clandestine operations and just think he is above the law that the rest of the country follows. I guess one more anti-gunner would not matter much to what is available on the left, or far left as it were. If people are willing to vote for politicians who are Machiavellian or have very few principles from which to operate, then we deserve what we get in November 2008. Experience IS important, but the nature of that experience is all the more telling.

12/31/2007 6:07 PM  

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