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  1. #51
    Junior Member MyIsland's Avatar
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    Michael Bloomberg? The first Billionaire and U.S. President? I would bet he runs in 2016.

  2. #52
    Senior Member Dooraven's Avatar
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    Yeah, first independent president? I certainly hope so but he'll probably have to cut ties with Bloomberg LP, unless is there is a precedent for a President running a corporate entity?
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  3. #53
    Junior Member MyIsland's Avatar
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    No, you're right, the president can't have any financial interest in any organizations if I remember correctly.

  4. #54
    Order Now! pure_mercury's Avatar
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    Quote Originally Posted by MyIsland View Post
    No, you're right, the president can't have any financial interest in any organizations if I remember correctly.
    That's not true. They can have pensions, 401(k) plans, stocks (maybe), and bonds. Dubya had 100% holdings of GWB Rangers Corp., for instance. Remember the 2004 debate when Bush said, "I own a timber company? That's news to me. Need some wood?" They have to disclose all their assets as presidential candidates, and I think certain things like blind trusts have to be dissolved. The issue with Bloomberg is that so many of his holdings are in the media. He would have to remove himself as an executive or on-air personality (but not owner) if he ran for POTUS, because he could violate FCC and FEC regulations regarding illegal campaigning. Just like Howard Stern would have to give up his radio show (temporarily) if he ran for POTUS, because his radio show could be considered a campaign appearance.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  5. #55
    Order Now! pure_mercury's Avatar
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    Quote Originally Posted by Dooraven View Post
    Yeah, first independent president? I certainly hope so but he'll probably have to cut ties with Bloomberg LP, unless is there is a precedent for a President running a corporate entity?
    George Washington says, "Hello."
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  6. #56
    Senior Member Dooraven's Avatar
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    Quote Originally Posted by pure_mercury View Post
    George Washington says, "Hello."
    Touche. He hated them and since they didn't exist back then he pretty much got his way, but like most founding fathers he would have been a Federalist initially (if they existed)

    Also, you know what I meant.
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  7. #57
    Order Now! pure_mercury's Avatar
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    Quote Originally Posted by Dooraven View Post
    Touche. He hated them and since they didn't exist back then he pretty much got his way, but like most founding fathers he would have been a Federalist initially (if they existed)

    Also, you know what I meant.
    I don't think Washington would have joined the Federalist Party. He could have called himself as a Federalist in the 1792 Presidential Election, but he chose not to do so even while Alexander Hamilton was busy setting it up. Adams WAS a member of the Federalist Party, and then we had Democratic-Republicans after that.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

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