Saturday, November 1, 2008

Window opened on the assumptions of City politics

TPM provides a candid quote on the reasoning behind some of Bloomberg's support. In "Bloomberg Devotee: It's the rich who matter" Craig Gurian writes:

Every once in a while, however, a window is opened on the embedded assumptions that shape City politics. The New York Times recently interviewed Felix Rohatyn, long-famed for bringing New York "back from the brink" of fiscal ruin in 1975. Rohatyn thinks we couldn't possibly have a better Mayor than Mike Bloomberg (Bloomberg is "as indispensable as anyone I know in doing that job"). Apparently Rohatyn is particularly reassured by comparing Bloomberg to himself: "I don't think there's anything I know about finance that [Bloomberg] doesn't know or can't get by snapping his fingers").

Entirely missing from Rohatyn's analysis, of course, was any reason why anyone should believe that Bloomberg has been or will be looking out for New York's middle and working classes. And Rohatyn provided the reporter (Sam Roberts) with a wonderful insight into why: The test of the city," says Rohatyn, "is whether it keeps attracting rich people, important people..." (emphasis in original)

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