Michael Bloomberg Probably Won't Run
While the idea of Bloomberg running for President in 2008 was intriguing, especially with the economy as an issue, it probably won't happen. One: Schwarzenegger and Lieberman -- two giant political IOU's in Bloomie's pocket -- have formally endorsed McCain. Two: McCain is probably going to be the Republican nominee, and Bloomberg is a big McCain man. Three: If Obama wins the Democratic nomination -- and this is not an inconceiveable event -- there would be already be two centrists (McCain, Obama)running, leaving zero political maneuvering room, and less logic for a Bloomberg candidacy.
Can he still run? Sure. He has a billion dollars to play around with, but it is unlikely.
Update: The Draft Bloomberg site is drawing anemic support.