NYC Mayor Michael Bloomberg

"Flip flopping" of political candidates is something that has happened many times, by many candidates. Usually, that 'flip flop' is on a postition. There are times when the decision to change one's mind on a particular issue is honest, based on changes in one's life, more knowledge on the subject, etc. But there have been very well known instances where that 'change' is politically correct in order to make the candidate more politically expedient.

One potential candidate has taken it JUST a tad further... NYC Mayor Michael Bloomberg actually 'flip flops' PARTIES! (Remember he never truly did embrace the GOP platform in any way, shape, nor form).

Speculation that Mayor Michael Bloomberg was interested in a third-party presidential run was merely simmering last summer when he was asked about the idea of leaving the GOP and becoming an independent.

The billionaire mayor pointed out that the Republican Party had given him an opportunity to get elected in 2001, when he switched his lifelong Democratic registration to avoid a crowded primary.

"There's no reason for me to change my party at the moment," Bloomberg said then.

Apparently the moment has come.

After some six years as a Republican, the 65-year-old former CEO announced Tuesday that he has left the Republican Party and become unaffiliated in what many believe could be a step toward entering the 2008 race for president.

Read the full story here.