Bloomberg: I'm Not Running for President

Ad Feedback - Mayor Michael Bloomberg will not seek the White House but might put his support behind another candidate who will govern across party lines.

In an op-ed piece in Thursday's New York Times , the 66-year-old billionaire businessman said that he will not launch his own bid but will work to "steer the national conversation away from partisanship and toward unity; away from ideology and toward common sense; away from sound bites and toward substance."

Bloomberg aides and associates had been putting together the framework for an independent campaign, and had he opted to run, a $1 billion operation would have been ready to go.

Instead, Bloomberg hinted that he may throw his wealth and weight behind someone else.

"If a candidate takes an independent, nonpartisan approach - and embraces practical solutions that challenge party orthodoxy - I'll join others in helping that candidate win the White House," he wrote.

An associate close to the New York Mayor told The Associated Press that one of Bloomberg's main reasons for staying out is that he believes the presidential race has the potential to become a centrist contest, primarily because of the rise of Democrat Barack Obama and Republican John McCain, both of whom have championed bipartisanship.

Centrist leadership would have been Bloomberg's chief selling point as a presidential candidate, and it was looking less likely that he would have been able to stand apart from the most likely major party candidates, the associate said.

Source: The Associated Press

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