November 9, 2005

Bloomberg re-elected New York mayor

By Ellen Wulfhorst

NEW YORK (Reuters) - Republican New York Mayor Michael
Bloomberg was re-elected to a second term by a large margin on
Tuesday after what is believed to be the most costly race in
the city's history.

With some 95 percent of the votes counted, Bloomberg had 58
percent and Democratic challenger Fernando Ferrer trailed with
39 percent, according to unofficial election results.

Polls have shown New Yorkers giving Bloomberg, a political
novice when he first ran four years ago, high marks for leading
the city in the wake of the September 11, 2001 attacks,
steering the economy and keeping New York alert to security

"Still in shock, still in mourning, we really did four
years ago worry about our future. Some wondered whether we'd
even have one," Bloomberg said in his victory speech in a
Manhattan hotel.

"But that night we told the world that New York was alive
and well and open for business, and today the world knows New
York City is back in business.

"I have never forgotten that in that dark hour you had
faith in me," he added. Bloomberg first was elected by a narrow
margin in 2001 just weeks after two hijacked jets smashed into
the World Trade Center, killing almost 3,000 people.

Spending his own money on this campaign as he did in 2001,
Bloomberg outspent Ferrer, a former Bronx borough president, by
eight to one.

Experts estimate when all is accounted for, Bloomberg will
have spent $80 million to $100 million to defeat Ferrer, who
trailed in polls by as much as 38 points.

Bloomberg is the founder of Bloomberg LP, a news and
financial-information services company. A long-time Democrat,
he switched parties in 2001 to run in the less-crowded
Republican field, but his views stayed along more liberal
lines, an asset in a city where Democrats outnumber Republicans
five to one.

It is unusual for a New York mayor not to win a second
term, unless the city is facing a crisis. Most recently, high
crime rates plagued the administration of single-term
Democratic Mayor David Dinkins, who was defeated in 1993.