Bloomberg and Schwarzenegger joked about forming a presidential ticket Tuesday.
WASHINGTON (CNN) - New York City Mayor Michael Bloomberg and California Gov. Arnold Schwarzenegger grace this week's Time magazine cover, and on Tuesday the two joked about forming a presidential ticket.
"There would be a fight to see who would be the presidential candidate and who would be the vice presidential candidate," Bloomberg said during a joint appearance with Schwarzenegger at a University of Southern California political conference. "He would want to arm wrestle for the top spot; I would want to check the Constitution."
Schwarzenegger, a native of Austria, cannot run for president according to the Constitution. Bloomberg meanwhile has repeatedly denied claims he has any plans to mount a presidential bid in 2008.
But that didn't stop Schwarzenegger from predicting the New York Republican would make "an excellent candidate" because "he's all about fixing problems and creating a great vision for our future."
READ MORE on "Bloomberg and Schwarzenegger: The New Action Heroes"
- CNN Ticker Producer Alexander Mooney