Dick Morris and  Eileen McGann

While Obama and Clinton wrestle and the four Republican candidates face one another, New York City Mayor Michael Bloomberg’s shadow increasingly falls over their playing field. Armed with as much money as he could possibly need to run, this Democrat-turned-Republican could throw the entire race into chaos.

Bloomberg can wait and watch the primaries unfold before making his move. A byproduct of the front loading of the primaries in both parties is that t he nominees will probably be chosen with plenty of time for a third party candidate to enter the field. The New York City mayor could either get himself nominated by the Green Party, formerly the vehicle for gadfly Ralph Nader, or set up his own party by petition in the 50 states. His massive financial resources make it possible for him to wait until early Spring before he has to begin collecting signatures if he goes the petition route.

The increasingly bitter nominating contests in both parties seem likely to offer an ample supply of disgruntled voters from whom Bloomberg could draw. Hillary and Obama are girding for a take-no-prisoners battle and the Republican fight seems likely to get equally acrimonious.

But a third party candidacy must gain its traction and impetus from discontent with the other two candidates. It is only frustration with the outcome of the Democratic and Republican nominating processes that would make a Bloomberg candidacy attractive.

Beyond the obvious difficulty Bloomberg would have running against Giuliani, both McCain and Obama would seem to pose obstacles to a viable third party candidacy. Political androgynous candidates, they draw well among both Democrats and Republicans and, so far, seem to alienate relatively few voters. Obama’s charisma has set much of the country ablaze a nd he appears to have done so without making a lot of enemies.

Boomberg's drawback — inexperience — is not likely to enflame enough voters to power a third party. John McCain may not win the Republican nomination precisely because his ideology and record is so appealing to those outside his party. He is the Democratic Party’s favorite Republican. If he wins the nomination, he can probably count on sufficient popularity on both sides of the race to make a Bloomberg candidacy problematic.

Dick Morris and Eileen McGann

Dick Morris, a former political adviser to Sen. Trent Lott (R-Miss.) and President Bill Clinton, is the author of 2010: Take Back America. To get all of Dick Morris’s and Eileen McGann’s columns for free by email, go to www.dickmorris.com