The Groundhog Who Bit Bloomberg Got It Wrong

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


Writing on this blog, Josh Harkinson has fun at the expense of New York City Mayor Michael Bloomberg, whose hand was bitten by a Staten Island groundhog:

Maybe biting the hand of a New York billionaire was [the groundhog’s] way of saying that spring won’t come until someone smacks down the plutocrats on Wall Street. Too bad this isn’t Bill Murray’s Groundhog Day. If it was, Bloomberg could relive the pain each day until he saves the world.

Actually, Bloomberg, who made his fortune not by swindling anyone but by providing a media service for which there was much demand, has done more to save the world than your average, TARP-sucking plutocrat. From a recent The New York Times story:

Mayor Michael R. Bloomberg can now claim to be No. 1 in a category he cares deeply about: giving his money away.

Mr. Bloomberg, the self-made billionaire founder of the Bloomberg financial information firm, donated $235 million in 2008, making him the leading individual living donor in the United States, according to a list released online on Monday by The Chronicle of Philanthropy….

The mayor contributed to more than 1,200 organizations promoting arts, education and health care, like Johns Hopkins Medicine; the Robin Food Foundation, an antipoverty group; and Stand Up to Cancer, a research organization in Pasadena, Calif.

The previous year, Mr. Bloomberg gave to about 1,100 groups, and his total contributions of $205 million trailed those of several people, including Jon M. Huntsman, the chemicals magnate, and the financier George Soros….

“As the economy took a turn from bad to worse, I felt it was the right time — the essential time — for someone like me, someone who’s been so fortunate in my own life, to step up and give back even more,” Mr. Bloomberg said in a statement. “I don’t think of it only as a responsibility, but as a privilege.”

Bloomberg is an eclectic philanthropist. He has donated millions to fund anti-smoking efforts in China and other nations and to prevent traffic deaths in Vietnam and Mexico. Say what you want about him as mayor of NYC, he has, through his foundation, financed a load of good. If that groundhog was looking to make a statement, it should have chosen, say, the CEO of AIG.

TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

payment methods

TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate