The lack of enthusiasm for Bill Thompson has roots in more than a super-rich opponent. New York City believes in the values of the Democrats, but doesn't trust them to produce strong leaders on the local level.
Outer borough whites, who were key to electing Ed Koch three times and Giuliani twice, were crucial to Bloomberg, too, even if this mayor has also attracted significant support from blacks and Latinos.
What you won't hear the spinners crowing about is the shocking punch to the gut the GOP took in upstate New York's 23rd Congressional District, where a Democrat won for the first time in over 100 years.
Under Bloomberg and mayoral control (vs. how it was run under Bill Thompson under the old board of education), the public school system is viewed as a "portfolio" rather than as a centrally run monolith.