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Bradley Tusk on Mamdani Win, Jewish Vote, NYC Economy
Bloomberg
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2 days ago
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00:00
Great to have you with us here in 2025. Let's talk about what we learned last night about the
00:06
Democratic Party and the future of New York City. Zoran Mamdani, the mayor-elect this morning.
00:12
As I mentioned, you recently published this morning a substack offering some pieces of advice
00:17
for Zoran Mamdani. I thought this point was interesting that this is your legacy. This is
00:22
not a stepping stone. Explain to us what you mean by that. Yeah, sure. Thanks for having me. No New
00:28
York City mayor, including, unfortunately, Mike, has ever won an election for anything after being
00:34
mayor. People have won for president, for governor, for Congress. They have all lost. So being mayor
00:41
of New York City, I would argue, is both the single best job in politics, but also it's a dead-end job.
00:47
And so rather than governing for the next election or for something you want to run for in the future,
00:53
to the extent that Zoran can do what Mike did at City Hall, what I saw him do at City Hall,
00:57
which is just make every decision based on what you truly believe is best for New York.
01:03
Any given person may agree or disagree with you on any given issue, but I think the reason why Mike
01:09
was a very popular mayor at the end of the day is because he genuinely did what he believed to be
01:15
right at all times, regardless of the politics of it. And that actually worked really well.
01:21
So I would hope that Zoran would be willing to govern in a similar way.
01:24
Well, when it comes to the success of any politician, one of the key determining factors
01:28
is who they surround themselves with. And it's early days, of course. Zoran Mamdani just won last
01:35
night. But so far, we've learned that ex-Federal Trade Commission Chair Lina Khan has been named to
01:40
his transition team. We've heard a little bit when it comes to folks working in New York City. We know
01:45
that Police Commissioner Jessica Tish reportedly has told her confidants that she will work with Zoran
01:52
Mamdani continue to work here. I wonder so far of these early reports, what you make of them in
01:56
terms of the team that's being built around the mayor-elect.
02:00
I mean, so far, so good in the sense that what you want is to maximize talent around you.
02:06
Another reason why Mike was a successful mayor is he just hired the absolute best people he could get
02:11
for absolutely everything, just like you guys got hired. And when you put really, really talented
02:17
people in roles that are meaningful, and you give them the freedom to do their jobs well,
02:22
they will frequently succeed. And, you know, many ways, I remember Mike used to say,
02:26
I don't care if someone's a communist, if they're the best person to pick up the trash,
02:30
I'll make them sanitation commissioner. I think the same thing is true here. It doesn't really matter
02:34
if you are the, when you're the police commissioner or the sanitation commissioner or the buildings
02:39
commissioner, what your underlying politics are. What matters is, are you good at doing those jobs?
02:44
Jesse Tisch is exceptionally talented as being police commissioner. It's great that she is
02:48
likely to stay. You know, we can disagree with Lena Kahn on FTC policy, on what does or doesn't
02:55
constitute a monopoly, but that's not relevant to city government, right? For city government,
03:00
tech is a question of what they might choose to use as an entity serving the people. It might be a
03:06
policy question like, hey, are we going to let drones do building inspections instead of having
03:11
scaffolding? But it doesn't get into things like monopolies and market power and whatever else.
03:16
So Lena is unquestionably very, very smart. And I think it's great that she's there.
03:20
I am curious, Bradley, on this issue of, I mean, I know that there were a lot of sort of more
03:25
national and geopolitical issues that came into this campaign. But as you point out, most people
03:29
go to the polls and they tend to vote for the local issues, the things that really matter on a
03:33
day-to-day basis. I am curious if you have any fear that Mondani might actually try to interject
03:40
some of those national and geopolitical issues into his day-to-day running of the city.
03:46
He might, but I think he will find that ultimately, it's really not to his benefit. At the end of the
03:52
day, the job is to pick up the trash, right? And if you do that well, the voters will appreciate it.
03:59
And if you're busy waxing poetic about geopolitics, you know, your base might like it. But his base
04:05
is a relatively small group of people. I mean, even if you take the total votes that he got
04:09
in the election, we're still talking about, I don't know, 15, 16 percent of the city's total
04:14
population. So at the end of the day, if he's going to be a mayor for everyone, then there's really no
04:20
need for most of the geopolitical issues. And if you speak about Israel specifically, I disagree with
04:25
him on Israel. I'm a pretty fervent Zionist. But with that said, there was an act of vandalism
04:30
in a synagogue today. He came out really strongly against it. That's what he needs to do. He needs
04:35
to protect Jewish New Yorkers. If he's willing to do that, I'd rather he be pro-zero than not,
04:41
but it doesn't really matter. Yeah. And we should point out, he did actually do a lot better with
04:45
the Jewish vote. And based on what the polling was originally showing, that he was only going to
04:49
track at about 10 to 15 percent and pretty much doubled that. Also, I am curious about just the
04:55
general idea of what the business community wants out of him specifically. And I actually had a chance
05:00
yesterday to catch up with Stephen Fulop, formerly of Jersey City Mayor, who's going to be head of the
05:07
new partnership for New York City. And I am curious just about this idea of these CEOs coming together,
05:12
not only trying to chart a path for themselves, but what they then walk into City Hall when they have
05:17
a chance to speak with him and his administration and what they really are going to put on the table
05:21
for him. Right. I think one of the challenges that a lot of CEOs and a lot of people on the private
05:28
equity headfront side have when it comes to city government is they don't really understand how
05:32
it works. Like, Mondami is a socialist. I'm a venture capitalist. Literally, the word capitalist is
05:38
in my job title. And yet, it just doesn't matter, right? The main impact that the mayor of New York
05:43
City has over the local economy is, is the city clean and safe and well run? If it is,
05:48
businesses come here, tourists come here, the city does well. And if it's not, the city does really
05:52
poorly. He doesn't control interest rates. He doesn't control the supply chain. He can't even
05:57
raise taxes without Albany's consent and permission. So as a result, one of the things that I'm encouraged
06:03
about with Steve Fulop is he's been a mayor, he understands what municipal government is like,
06:08
and he can try to translate what the business community cares about into tangible policies
06:13
that matter in New York City. But the bigger thing, I think, for Fulop and those CEOs is
06:18
they really need to do a better job building a political structure for the business community
06:24
in New York. We don't have that. So when Mike was mayor, the truth is we didn't need it because
06:29
between Mike and all the people around him and all the resources, we could all do it ourselves.
06:34
But he hasn't been mayor now for 12 years. And the far left, as much as I disagree with them,
06:40
does things like recruit candidates, train candidates, do grassroots, do policy work,
06:45
all these things that then translate into people winning elections first for things like state
06:49
assembly and then eventually for things like mayor. And the business community does absolutely
06:53
none of that. The only thing they do, if they do anything at all, is they panic and throw money
06:57
at Andrew Cuomo or Eric Adams at the last minute. And that doesn't work. And so if Fulop can do one
07:03
good thing, it's less about how he interacts with Mondawmi one way or another. And it's about him
07:08
building a real political organization and operation in New York City for the centrists,
07:14
for the business community, so they can start to actually compete in elections again.
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