By John Wojcik\C.J. Atkins\People’s World
NEW YORK—Wall Street is in a state of panic over polls showing that progressive Democratic candidate Zohran Mamdani maintains a double-digit lead in the New York mayoral race over scandal-ridden former Gov. Mario Cuomo, who is running as an Independent. The other candidate, Republican Curtis Sliwa, is a distant third.
The Wall Street panic has extended to billionaires generally, with pro-Trump hedge fund mogul Bill Ackman recently dumping $1 million of his own riches into “Defend NYC,” a new joint super-PAC that serves as the repository of funds for everyone opposing Mamdani. Ackman had already poured $500,000 into “Fix the City,” the main pro-Cuomo super-PAC.
Even with these large contributions, Ackman is still only the second-highest donor in the mayoral race; former New York Mayor Michael Bloomberg has reportedly spent $8.3 million to get Cuomo elected.
Last week’s debate, during which Mamdani performed strongly against Cuomo, likely did nothing to lift these billionaires’ spirits; the latest poll numbers make things even gloomier for them.
But the thing that really upsets Mamdani’s Wall Street opponents is the unprecedented door-to-door campaign mounted by his supporters. In neighborhoods like Sunset Park and Bay Ridge in Brooklyn and Harlem in Manhattan, the overwhelming majority of people have been visited by Mamdani door-knockers talking about the race and the stakes facing the city’s working-class population.
It’s not just the banking interests of Wall Street that are getting desperate, though…READ MORE
