An NYC Republican, An American Democrat

The New York Observer reports about rumors that Mayor Michael Bloomberg is contemplating a 2008 bid for the presidency. Bloomberg, who is a recent convert to the Republican Party, would probably run as an Independent or a Democrat.

Not that anybody considers Bloomberg a conservative, but during his time as a Republican, he has donated to Republican politicians and groups exclusively, despite his refusal to endorse a presidential candidate in 2004.

Would Democrats welcome Bloomberg back to the party he deserted? They didn't do the same for Wesley Clark, who had previously supported Republican presidents.

On another note, there have been a fair share of Democrats converting to the GOP in the last 50 years. But there don't seem to be too many high profile Republican politicians who later become Democrats.