On the Bloomberg news wire this afternoon:

"New York City Mayor Michael Bloomberg ended months of speculation that he might become a candidate for U.S. president, saying he would use his influence to push for nonpartisan solutions to the nation's problems."

The next-to-last graf of that piece by reporters Joseph Galante and Henry Goldman read:

"Bloomberg, the billionaire founder and majority owner of Bloomberg News parent Bloomberg LP, has the capacity to self- finance a presidential campaign."

Mike Bloomberg didn't become a billionaire by getting into deals which were guaranteed to fail. And a Presidential run by Bloomberg was absolutely guaranteed to crash.

Put aside, for a moment, a bunch of people around Bloomberg reprising the Peter Boyle role in the 1972 movie, "The Candidate" - looking for a candidate so they can make some money.

If I were advising Mayor Bloomberg I would ask those people to get map of the United States. I would ask them to get a big magic marker. On the map I would ask them to indicate the number of electoral votes available in each state. Then I would ask them to bring it into Mayor's conference room, unroll it, and place it on the table.

Then, with Mayor Mike Bloomberg looking on, I would ask them to show me the states we could win which would add up to the 270 electoral votes necessary to ensure that Mayor Bloomberg would be elected President Bloomberg.

No further questions, your Honor. Your witness.

The assuming Bloomberg actually won some electoral votes the best he could hope to do would be to throw the election for President into the House of Representatives.

Dear Mr. Mullings:
I'm kind of new at this. How would that work, anyway?
Signed,
Sen. Barak Obama

Yes, well, the first thing we would want to do is to go to the rule book. In this case the U.S. Constitution. Specifically the Twelfth Amendment which tells us, that if no candidate has a majority of electoral votes when the ballots are counted by the President of the US Senate:

… then from the persons having the highest numbers not exceeding three on the list of those voted for as President, the House of Representatives shall choose immediately, by ballot, the President.

But wait! There's more! Continued...