Bloomberg Dug Deep Into His Own Pockets to Win Third Term

This is just the kind of news that doesn’t bode well for the state of democracy in America: New York City Mayor Michael Bloomberg shelled out $102 million of his own money in his recent successful (albeit close) run for re-election. That shakes out to about $183 per vote, and the final tally may still rise. –KA

The New York Times’ “City Room”:

Mr. Bloomberg, the wealthiest man in New York City, shattered his own previous records: he poured $85 million into his campaign in 2005, and $74 million on his first bid for office in 2001.

And the $102 million tab is likely to rise: the mayor has not yet doled out his storied bonuses to campaign workers, which can top $100,000 a person. That spending will not be reported until after his inauguration.

He has now officially spent more of his own money in the pursuit of public office than any other individual in United States history.

Read more