This NY Times article, Cost of Being Mayor? $650 Million, if He’s Rich, seems like a eulogy to departing (finally!) NY City billionaire mayor Bloomberg. Mama mia! So much $$$ and wealth thrown here and there for everybody who came in contact with this billionaire man who chose to be the mayor of the financial center of the world for FREE, without personal desires to enrich himself!
Funny thing, how much did it cost New Yorkers to RECIPROCATE such generous handouts? The NYT doesn’t mention that in that article. We know that we lost tons of money in corruption, from Mr. B’s pals in Wall Street (WS). City Time’s is an example. He even said we should continue doing business with Mazer, he protected that man unabashedly.
We know that Bloomberg entered city hall in 2001 with a measly 4 billion dollars. He’s leaving with over 20 billions. He and his billionaire pals of WS were the only ones who year after year increased their profits in the city despite the increased in poverty around them.
Political contacts are everything in finance. Consider this:
2–If Bloomberg were publicly traded, its stock likely would have taken a dive this week. … his company, which sells terminals to Wall Street banks and employees in finance on which it delivers its financial pricing data and journalism. There are now two fewer investments banks buying Bloomberg terminals, not to mention the thousands of finance workers who also will lose their jobs–and their terminals–this year.
It probably was good business for him to be the mayor. He didn’t have that contract with WS before he became mayor. As he is leaving, whatever extra he gave WS on the side for doing business with him (the sky is the limit to imagine what they got from our money and resources), it is gone with him. That’s why there are “fewer banks buying his terminals“, because they know the deal will be over with the new mayor. It’s common knowledge that POLITICS makes politicians wealthier, if they know how to play the pawns.
Thanks to Mr. B, we New Yorkers are poorer. All that wealth seems to have been transferred to him and his pals. Where else could it have gone, it had to go somewhere if the city is getting poorer? Tax breaks for all billionaires by ‘investing’ in philanthropy, sheltering their money in Caribbean islands (Noticing New York) . Mr. B invested in our public libraries, that’s why he can tell them to close whenever he says so. Now he wants to sell the buildings for profit.
If you are ever interested on how mythology and the cult of the billionaire hero is created, study the propaganda that the main stream media (MSM) printed about this capitalist mayor through out those 12 years.
ANyone who believes that a capitalist like Bloomberg works as a mayor without self-interests, without intentions to enrich himself by using the city’s resources, should read ONLY the MSM articles promoting him. Don’t venture outside the MSM or else your illusions about the goodness of the capitalist will be destroyed. Hold tight to them illusions, dear Bloomberg follower.