Republicans have had very little to cheer recently. The party’s approval rating in the NBC/Wall Street Journal poll is at a record low of 28% and the implosion of the Bush presidency is threatening to drag it down even further. So the news that the billionaire mayor of New York Mike Bloomberg has decided to quit the party sounds like another tale of Republican woe. But it is actually the best news the party has had in ages.
The logical explanation for Bloomberg bolting from the Republican fold is that he plans to run as an independent in the 2008 presidential election. If he does, that’ll hurt the Democrats far more than the Republicans as the positions on the issues that Bloomberg, who was a Democrat until 2001, takes are far more appealing to independents and liberals than conservatives.
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