No Labels, the quixotic and billionaire-friendly third party group looking to field a centrist 2024 presidential candidate, is a source of great intrigue in town. Part of the curiosity, as I’ve previously reported, derives from their recent meetings with Dem-G.O.P. hybrids, such as Joe Manchin, Larry Hogan, and Susan Collins. Part of it comes from the organic curiosity and concern about whether there is room in American politics for a third party, and whether a modern day Ross Perot would just facilitate a plurality victory for Trump. And, sure, some people worry about the optics of guys like Steve Schwarzman and a group of enigmatic billionaires having an outsized role in selecting the leader of the free world.
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