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Bloomberg Spent $102M to Win 3rd Term

NYC mayor shatters record for spending own cash on campaign

By Rob Quinn,  Newser Staff

Posted Nov 28, 2009 5:19 AM CST

(Newser) – New York City Mayor Michael Bloomberg spent a whopping $102 million—$174 per vote—to narrowly win a third term in office this month, according to figures released last night. The billionaire broke his own record for the most expensive self-financed campaign in American history, the New York Times reports.

Bloomberg's rival, city comptroller William Thompson, came within 5 percentage points of victory despite being outspent 14 to 1. The mayor's critics say he has undermined the campaign finance system that he helped install, which caps spending at just $6 million. Bloomberg opted out of the system, burning through tens of millions in dollars in the campaign's final weeks as polls revealed his rival was edging ahead.

New York City Mayor Michael Bloomberg speaks at the St. Regis Hotel on November 18, 2009 in New York City.
New York City Mayor Michael Bloomberg speaks at the St. Regis Hotel on November 18, 2009 in New York City.   (Getty Images)
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He has done long-term damage to the system. - Gene Russianoff, attorney at the New York Public Interest Research Group

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COMMENTS
Showing 3 of 5 comments
riffran
Nov 28, 2009 12:17 PM CST
"and he's buying the stairway......to heaven"....lol
kokuaguy
Nov 28, 2009 8:43 AM CST
OK - it's not a pretty picture, admittedly, but it's preferable to having an elected official owned lock, stock and barrel by special interests who may or may not be identified. At least there's transparency here. New Yorkers knew what they were getting. And the closeness of the race would seem to indicate that it wasn't actually the money that made the difference in the final analysis. If the City Council hadn't been manipulated to change the system and allow him a third term (in other words, if term limits had not been an issue) I assume his margin would have been greater. Actually, it may have been the level of spending that started turning more voters against him at the end. And, I'm just talking out of my ass here, so please let some New Yorkers weigh in on this. ; ^)
emptycalm
Nov 28, 2009 5:34 AM CST
Ah what a great system we have where any douche bag around who gains enough money can buy into political office.

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