"I think they are wasting their time. I am not a candidate," said Mr Bloomberg, when asked about the possibility of standing for the White House.
The billionaire founder of the eponymous financial data and media firm Bloomberg, set political tongues wagging yesterday when he dropped his affiliation with the Republican party.
He denied that the move cleared the way for his plans to join the campaign race to succeed George Bush in the 2008 elections, but that failed to dampen speculation about his presidential ambitions.
"I believe this brings my affiliation into alignment with how I have led and will continue to lead my city," Mr Bloomberg said.
"Any successful elected executive knows that real results are more important than partisan battles, and that good ideas should take precedence over rigid adherence to any particular political ideology.".....
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