US EditionFormer Obama Treasury secretary: Mamdani policies not ‘good for New York’
- On Wednesday, former U.S. Treasury Secretary Jack Lew criticized Mamdani’s policies on podcasts, saying they “are not policies that are good for New York.”
- After Mamdani secured the Democratic nomination, centrist Democrats like Lew and Orszag publicly opposed his candidacy, highlighting deep ideological divisions within the party.
- Bill Ackman warned of a $5-10 billion revenue decline from financial services, calling Mamdani's win 'disastrous for NYC' and raising concerns about economic stability.
- Lew observed that many of Mamdani’s policies require approval from the state legislature or governor, which could limit their implementation even if he becomes mayor.
- Last week, Democratic Party divisions deepened as Mamdani's upset win prompted Sen. Slotkin to criticize party cohesion, highlighting internal ideological fractures.
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Zohran Mamdani, a Democratic candidate for New York City Hall, has begun to receive criticism from some members of his own party
Former U.S. Treasury Secretary Jack Lew, who served in the administration of former President Barack Obama, harshly criticized on Wednesday during a CNBC interview with New York City’s Democratic candidate for mayor Zohran Mamdani for several of his proposals based on socialist initiatives. Among the many controversial measures promised by the far-left politician are free bus transportation, rent freezes if elected, and even free childcare.
Former Treasury Secretary Jack Lew, who served under President Barack Obama, has criticized New York City mayoral candidate Zohran Mamdani's policies. A self-described democratic socialist, Mamdani became the Democrats' mayoral candidate Tuesday.
Ex-Treasury Secretary Lew: Mamdani’s Ideas Bad for NYC
Former Treasury Secretary Jack Lew, who served under President Barack Obama, has criticized New York City mayoral candidate Zohran Mamdani's policies. A self-described democratic socialist, Mamdani became the Democrats' mayoral candidate Tuesday, when results of the city's ranked choice voting were released. The election is in November. Appearing on "The Master Investor Podcast With Wilfred Frost," Lew blasted Mamdani for his socialist policy pr…
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