New York City Mayor Michael Bloomberg has parted ways with President Obama over LeBron James. He's been floated as a potential running mate for former Democratic Senator Evan Bayh. So will we be seeing Bloomberg emerge as a challenger to Obama in 2012? Not a chance, the deep-pocketed mayor told "Meet The Press" Sunday.

"I will rule out a run," said Bloomberg. "I've got the best job I could possibly have and I've got 1251 more days to do it."

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