March 7, 2016 (NEW YORK) Mike Bloomberg, former independent mayor of New York City, and self made business man, announced that he is not launching an independent run for the White House. In his editorial at Bloomberg News he states.
Over the course of American history, both parties have tended to nominate presidential candidates who stay close to and build from the center. But that tradition may be breaking down. Extremism is on the march, and unless we stop it, our problems at home and abroad will grow worse.
He sees the extremes as a danger to the status quo and in particular he fears the rise of both Donald J Trump and Senator Ted Cruz (R-TX). He also states that after looking at the data, he could not achieve the 270 electoral votes needed to win the presidency. He also fears that the election would be thrown to the House, if none of the three candidates could achieve 270 electoral votes.
He further writes:
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.
This is not a bad read of current conditions and the House will not go to Democrats any time soon. Bloomberg is also saying that he is doing his duty as a citizen, and stepping down from the race.