Reading the comments on my post on a potential Bloomberg/Obama ticket, one of the friends of U4M, Jon Reagan, wrote something that really engaged me:
This is very much like the situation our country faced in 1976. A decent, inspirational “feel-good” Democrat ran against the corruption of the previous 8 years (even though Ford was prez; Carter campaigned against Nixon), and people didn’t want to ask tough questions. They just wanted hope. They just wanted an end to corruption, as well as the hangover from Vietnam.
Today–as then– we are facing an ugly point in the world economic cycle, that will make this inspirational leader a one-termer, with no honeymoon. Scarcity in basic commodities leading to hyper-inflation, the unwinding of sub-prime, and a nasty consumer-led recession. Mr. Obama doesn’t even understand that tax increases in the midst of a recession are a recipe for disaster (Econ 101-102). In one of the debates, it was evident that he doesn’t even understand the difference between the Fed Funds Rate and the Discount Rate.
So, no, I don’t see Mayor Bloomberg as a VP or in a Cabinet Position, where he has to deal with eggheads from academia who don’t understand how the REAL financial sector works. We need Michael Bloomberg as the next President of the United States. I’m not saying he’ll have all the answers, but at least this country will have a fighting chance.
What are you waiting for?
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