Will Big Money Lose Again?

New York Times: “It has been six weeks since New York City’s Democratic primary remade the political landscape, and that’s one of the many questions hanging over the mayor’s race with just over 90 days left. The answer could make permanent the power shifts in the city’s Democratic politics that worry the established order — and could rewrite the playbooks for candidates.”

“For now, real estate executives and financiers are forming super PACs to try to defeat Zohran Mamdani, who won the primary with a far less costly campaign than their preferred candidate, former Gov. Andrew Cuomo, who is running on a third-party line in the general election.”

Said Grace Rauh, the executive director of Citizens Union: “The long-held idea in politics that the candidates with the most money win is no longer an assured position. That is part of the reason why many wealthy donors and interests who are looking at this race, in New York and perhaps beyond, are responding in a bit of a state of panic.”