Bloomberg’s Greenwood Initiative is little more than a bribe


Chicago’s Bobby Rush and San Francisco’s London Breed have sold themselves to super-plutocrat Michael Bloomberg, the worst stop-and-frisker in history.

Michael Bloomberg’s presidential campaign should be a political deal-breaker for Black people in this country. The man who terrorized 700,000 mostly Black New Yorkers with the NYPD stop and frisk policy should not be under serious consideration. Lest we forget, as mayor of New York City he also refused to pay the men known as the Central Park Five any compensation for their wrongful convictions.

But instead of opposition we see capitulation. Congressman Bobby Rush has endorsed him. So has San Francisco Mayor London Breed. Chicago Mayor Lori Lightfoot is testing the waters when she says she is “considering” an endorsement.

While these seals of approval are disconcerting they are not really surprising. Bloomberg is no novice at politics or at using his money to gain both silence and support. The man with an estimated $55 billion net worth has lots of experience buying people off. He did it to Al Sharpton, whose arm didn’t need twisting after money from Bloomberg LP flowed into his National Action Network. Bloomberg used money and influence with the New York City media to undo term limits approved by the voters and give himself and other city officials four more years in office.

Bloomberg knows what motivates Black people’s political activity. He was smart enough to apologize for the stop and frisk policies that ruined people’s lives. He was shrewd enough to know that calling his $70 billion bribe the Greenwood Initiative and announcing it in the place where a Black community was destroyed by racist mobs, would get buy-in from those who had already showed a willingness to sell out.

The Black misleadership class of compromised and callow politicians were tailor-made for this onslaught of Bloomberg’s cash. These mayors, congresspersons and state legislators play a dubious role in our system. They give cover to the powerful while giving lip service to the people. The end result is a political system that gives us nothing that we need or want, even when Democrats are in office.

Every four years Bloomberg toyed with the idea of running for president but he didn’t throw his hat into the ring until now. In 2020, he was motivated not by a desire to be president himself, but by the need to stop Bernie Sanders. Bloomberg has correctly concluded that he can use his money to muddy the waters if Democratic Party voters dare to think of their own needs and not those of the billionaires and their errand boys and girls.

But the disgust at the surrender cannot be overstated. The fact that the multi-billionaire can still set foot in Black churches is proof of the degree of rot in Black politics. Of course Bloomberg isn’t the first person to use money to buy influence and votes. The dismal state of the once progressive bastion that was Black politics is proof that money talks.

The Democratic Party trap has disfigured the historical Black consensus long enough. Not only is the Greenwood Initiative a disgraceful effort to pimp our history, but its promise of creating Black owned businesses is a throwback to the days when Black capitalism was still considered viable. He is forced to take action because the very premise of capitalism is being called into question. Instead of leading the way at this historic juncture, some Black politicians are making common cause with one of the billionaire criminals who have created so much suffering.

Bloomberg shouldn’t be praised when he makes an obvious statement such as, “My story might have turned out differently if I had been born Black.” He has jumped in the race to save the Democratic Party from turning even slightly to the left. He unretired himself when he realized that millions of people are serious about wanting change. He and the rest of the one-percent class are determined to prevent even a small resuscitation of the welfare state in this country.

The 2020 election year is an opportunity for Black people to realize their power. Bloomberg’s need for Black support is proof that our votes will determine who gets the Democratic Party nomination.

We don’t have to follow Bobby Rush or London Breed. Every Black Bloomberg supporter is lined up for a ride on the gravy train. They are working on behalf of the unscrupulous man whose goal was to get Black people out of New York and make that city “a luxury product,” as he famously said.

Margaret Kimberly is a regular columnist for