financeguy
ONE love, blood, life
More and more I'm thinking that we may see a reverse HW Bush situation next year.
Good man, decent president... done in by a shitty economy.
Headache, a blog I follow was talking of Bloomberg the other day:
The dark horse in the race is Michael Bloomberg, the highly popular mayor of New York. If there was ever a politician who can change his spots, it is Michael. A lifetime Democrat, he switched parties to win as a Republican in a Democratic town. He could flip flop again, or bolt to form a third party. I have known Michael since he went door to door on Wall Street seeking funding to start his data business to replace the aging Quotrons. A more quixotic mission there never was.
Yet he succeeded wildly, making himself a billionaire many times over, proving his credentials as an entrepreneur and a businessman, and creating an urban legend. An early adopter, I have personally paid him over $1 million in fees for the past 20 years for his versatile machine, as have most other hedge fund managers.
Where do the Republicans stand in all of this? They have to spend a year appealing to the conservative base, attempting to outmaneuver each other in a marathon to the right. Then they only have two months to swerve back to the middle to win the election. They have a somewhat hopeless task, and is why we have so many two term presidents.
What Rick Perry harangues about is popular in libertarian, oil based Texas, but will they wear it in Ohio, Washington, or Florida? I think not. Mitt Romney’s Mormon origins leave his party’s Christian base cold, and he is unelectable without them. Both these men are presenting themselves as modern day incarnations of Ronald Reagan. But I knew Ronnie for decades, first as an aspiring governor of California, and a Reagan they are not. I can’t imagine Perry telling me an off color joke.
The rest of the field are just “also rans”. On top of this, the power of the presidency as a campaign tool is not to be underestimated. Air Force One versus a chartered bus? Give me a break.
Diary of a Mad Hedge Fund Trader