The Washington Times reports on New York mayor Michael Bloomberg's preparations for a potential independent White House run:
The mayor has told close associates he will make a third-party run if he thinks he can influence the national debate and has said he will spend up to $1 billion. Earlier, he told friends he would make a run only if he thought he could win a plurality in a three-way race and would spend $500 million -- or less than 10 percent of his personal fortune.
A $1 billion campaign budget would wipe out many of the common obstacles faced by third-party candidates seeking the White House.
"Bloomberg is H. Ross Perot on steroids," said former Federal Election Commission Chairman Michael Toner. "He could turn the political landscape of this election upside down, spend as much money as he wanted and proceed directly to the general election. He would have resources to hire an army of petition-gatherers in those states where thousands of petitions are required to qualify a third-party presidential candidate to be on the ballot."