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Bloomberg's War Chest is Seriously Boobing Out


By

Billy Parker

Published May 17, 2009

Modified May 17, 2009


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By

Billy Parker

Published May 17, 2009

Modified May 17, 2009


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There was some talk about a year ago that upon finishing out his second and final term, Mayor Bloomberg's plans were to ride off into the sunset and begin pouring some of the many millions he had accumulated into the philanthropic causes supported by his foundation. In the time since, Bloomberg has in fact found a way to open the vault on his fortune at a record pace—into winning an election that no one seems to believe will even be close. With a financial report filed this weekend, Bloomberg has already spent $18.7 million on his campaign for a third term, twice what he had spent at this point in 2005. It's also nearly ten times what challenger Bill Thompson has spent and triple what any possible contender can can spend until September under campaign finance regulations. A public affairs expert tells the Times, “There appears to be very little downside to this kind of spending...It’s a shock-and-awe approach.” The paper also calls the mayor's treatment suspiciously harsh treatment of Anthony Weiner (who's not even in the race!) "a thuggish cast to Mr. Bloomberg’s Park Avenue-style campaign."

Tagged

anthony weiner

campaign finance

campaign spending

election 2009

mayor bloomberg

william thompson


Billy Parker

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Gothamist is funded by sponsors and member donations


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