Friday, October 11, 2013

Wall Street coalesces around “progressive activist, fiscal conservative” mayoral candidate

By Dan Brennan
World Socialist Website
10 October 2013 
With less than a month remaining before New York City elects its next mayor, Democratic candidate and frontrunner Bill de Blasio is now offering a glimpse of what lies beneath the “progressive” gloss on his campaign. Since emerging victorious from September’s Democratic primary election, de Blasio has turned aggressively toward winning over the remaining reluctant sections of the city’s elite, his real constituency.

Last week, de Blasio met with a who’s who of Manhattan industry leaders, hedge fund managers and media moguls. In what the New York Times described as a “whirlwind tour,” de Blasio’s rendezvous included face-to-face sessions with Lloyd Blankfein of Goldman Sachs, Phillipe Dauman, the CEO of Viacom, and the owners of New York’s two major tabloids: Rupert Murdoch and Mort Zuckerman. Other appearances last week included addresses to business chiefs in the technology, retail and finance industries.

With de Blasio securely in the lead—a recent Times /Seneca College poll pegged him with a 49 percentage point advantage among likely voters over his Republican rival Joe Lhota—donations from New York’s wealthy are pouring in. In the last two weeks of September, de Blasio raised $635,000, twice as much as Lhota. De Blasio’s tally comes in addition to more than $500,000 collected in anticipation of a runoff after the September 10 primary election.

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