In his own words, Michael Bloomberg explains why he won’t use his billions to mount an independent run for president.

In short: The risk is too great it could mean election of Donald Trump or Ted Cruz.

Bloomberg doesn’t speak highly of Democrats either. But …..

Advertisement

In a three-way race, it’s unlikely any candidate would win a majority of electoral votes, and then the power to choose the president would be taken out of the hands of the American people and thrown to Congress. The fact is, even if I were to receive the most popular votes and the most electoral votes, victory would be highly unlikely, because most members of Congress would vote for their party’s nominee. Party loyalists in Congress — not the American people or the Electoral College — would determine the next president.

As the race stands now, with Republicans in charge of both Houses, there is a good chance that my candidacy could lead to the election of Donald Trump or Senator Ted Cruz. That is not a risk I can take in good conscience.

Be a part of something bigger

As a reader of the Arkansas Times, you know we’re dedicated to bringing you tough, determined, and feisty journalism that holds the powerful accountable. For 50 years, we've been fighting the good fight in Little Rock and beyond – with your support, we can do even more. By becoming a subscriber or donating as little as $1 to our efforts, you'll not only have access to all of our articles, but you'll also be helping us hire more writers to expand our coverage and continue to bring important stories to light. With over 63,000 Facebook followers, 58,000 Twitter followers, 35,000 Arkansas blog followers, and 70,000 daily email blasts, it's clear that our readers value our great journalism. Join us in the fight for truth.

Previous article Stephens Inc.-financed PAC goes after Conner Eldridge Next article Health reform task force punts on managed care question