Bloomberg left the GOP party Tuesday.
WASHINGTON (CNN) - Unity08, the bipartisan grassroots organization pushing a third party presidential candidacy, couldn't be happier that New York City Mayor Michael Bloomberg dropped his Republican affiliation Tuesday.
"The announcement by Michael Bloomberg reinforces what Unity08 has been saying since our inception, that the current political system is broken and does not address the concerns of the majority of the population," said organization co-founder Doug Bailey in a statement Wednesday.
Meanwhile, Jerry Rafshoon, another founder of Unity08, hailed Bloomberg as the "perfect independent leader, and a very competent one who knows how to work across party lines to get results."
Though Bloomberg officially dropped his GOP affiliation Tuesday, the New York mayor insists he has no plans to mount an independent bid for president.
Read more from Time.com: Bloomberg and Schwarzenegger: The New Action Heroes
– CNN Ticker Producer Alexander Mooney