From Billionaires Blog By Philip Fernando
Democratic Party front runners are emerging in the US primary election process. It will either be a woman or a black candidate, Hillary Clinton or Barrack Obama, while the Republicans are still having McCain, Huckabee, Romney, Giuliani and Thompson vying for top honors, according to most polls. Primaries in Nevada and Michigan (19 January) and South Carolina (19 Jan for Republicans, 26 January for Democrats) could reduce the field of candidates to just one or two per party. Meanwhile, New York Mayor, a Republican billionaire Bloomberg entering the fray is being talked of. He will be a logical rallying point if Republicans are divided.
Bloomberg has enough money to wage an independent candidacy. Bloomberg is intriguingly a “fresh prospect” to many. His message seems to be “Don’t stray too far from the consensus positions, because I can do it all by myself and upset all your electoral calculations.
However, if front runner emerge on February 5th Super Tuesday, the winners will have a few months to rest, re-group and, of course, raise millions of dollars before the real dog fight - the general election on 4 November. This is a historic US election: the next president might be a woman or African-American, and this is the first time both parties have 'open' nomination slots (that is, there is not an incumbent president or vice-president candidate).
Barrack Obama may have missed an opportunity to put the race for the Democratic nomination away with a second solid win over the front-runner Clinton. Obama is now on the heels of Clinton trying to gain the upper hand while explaining how he fell so far short of expectations in New Hampshire.
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