Frank Rich thinks he might wake up to the nightmare of President Palin in 2012/3:
When Palin told Barbara Walters last week that she believed she could beat Barack Obama in 2012, it wasn’t an idle boast. Should Michael Bloomberg decide to spend billions on a quixotic run as a third-party spoiler, all bets on Obama are off.
Does Bloomberg want to make this happen? It seems not as I noted last week:
Bloomberg, who isn’t affiliated with Republicans or Democrats, said a candidate running outside the two-party system couldn’t get a majority of the 538 votes in the Electoral College, which would trigger a provision in the U.S. Constitution giving the House of Representatives power to decide the election.
“Unless you get a majority, it goes to the House,” he said today during a conference sponsored by the Wall Street Journal in Washington. “It’s going to go to the Republicans because the Republicans have just taken over the House.”
If Bloomberg wants to be President he will have to run as a Republican.
Cheap Talk 
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November 22, 2010 at 12:32 am
Kevin Burke
Intrade has Palin at a 19% chance of winning the Republican bid and Bloomberg at 0…
http://www.intrade.com/jsp/intrade/trading/t_index.jsp?selConID=652756
Does Palin understand backward induction? Do you think she would run as an independent and try to get the Tea Party vote?
November 22, 2010 at 7:11 pm
kohler
By 2012, The National Popular Vote bill could guarantee the Presidency to the candidate who receives the most popular votes in all 50 states (and DC).
Every vote, everywhere, would be politically relevant and equal in presidential elections. Every vote would be counted for and directly assist the candidate for whom it was cast.
The bill would take effect only when enacted, in identical form, by states possessing a majority of the electoral votes – enough electoral votes to elect a President (270 of 538). When the bill comes into effect, all the electoral votes from those states would be awarded to the presidential candidate who receives the most popular votes in all 50 states (and DC). An election would never be thrown into the House.
In Gallup polls since 1944, only about 20% of the public has supported the current system of awarding all of a state’s electoral votes to the presidential candidate who receives the most votes in each separate state (with about 70% opposed and about 10% undecided). Support for a national popular vote is strong in virtually every state, partisan, and demographic group surveyed in recent polls.
The bill has passed 31 state legislative chambers, in 21 small, medium, and large states. It has been enacted by DC, Hawaii, Illinois, New Jersey, Maryland, Massachusetts, and Washington. These seven states possess 76 electoral votes -“28% of the 270 necessary to bring the law into effect.
NationalPopularVote.com