Bloomberg Run Gains Credibility

$1 billion set aside for a campaign can't hurt
By Max Brallier,  Newser User
Posted May 17, 2007 3:35 PM CDT
Bloomberg Run Gains Credibility
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(Newser) – The New York mayor is looking more and more like presidential material, reports the NY Observer. What started as speculation fueled by Bloomberg's own aides has become the buzz of a conference of mayors in New York this week. And why not? The Washington Times reports that he's ready to spend $1 billion of his own money on a presidential bid.

"He has set aside $1 billion to go for it," a long-time business adviser tells the Times. That would represent about a fifth of Bloomberg's personal fortune. In a speech to the mayors, assembled to discuss global warming, he faulted the federal government on the foolishness of having an Iraq policy but not an energy policy. (Read more Michael Bloomberg stories.)

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