Democracy. It is, as Rod Blagojevich might say, "a f*cking valuable thing." Can you really put a price tag on it? Well, New York City Mayor Michael Bloomberg sure thought so, and that price tag was $85 million of his own money, with which he depressed turnout (and New Yorkers) just enough to eke out a win over Bill Thompson to win a third term as King of New York City. Is it money well-spent or a credit-default flop? Let's find out.
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