Bloomberg Has Already Spent $18.7 million

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May 16, 2009

Bloomberg Has Already Spent $18.7 million

New York City Mayor Michael Bloomberg "has put an $18.7 million down payment on a bid to acquire a third term," the New York Daily News reports.

"The self-made billionaire has poured $15.6 million into his campaign in the past two months, spending millions on advertising, printing, consultants, dozens of staffers, rent and office supplies. The new total is 55% higher than Bloomberg had spent at the same point four years ago - with almost six months to go before Election Day."

"Four years ago, Bloomberg spent $84,565,090 to win -- dwarfing the $9,658,247 spent by his Democratic opponent, Fernando Ferrer."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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May 16, 2009