Bill Ackman: Mamdani’s Policies Are Going to Destroy the City

EXCERPT:

ACKMAN: “Why are electricity costs so high? Because of Green New Deal, because of people fighting power line, because of people, you know, shutting down, you know, natural gas, nuclear power plants, and that has caused the cost — we’re going to have all this — we have all this demand from AI, of course, for power. That’s made it more expensive for people. So he’s right on affordability, but his policies are wrong. So that’s — that’s an important issue. Another important issue is public safety, right? The mayor actually probably has more impact on public safety — that’s probably the most important issue for many — for most New Yorkers. And if he has a hostile relationship with the police department, okay, you already are reading stories about people retiring in advance of Mamdani being mayor. You know, he’s — you know, if you look at what he said prior to the last few months of running for mayor, he was a 'Defund the police, the police are wicked, the police are evil.' You know, these are his words, his tweets, you know, it's sort of in the record. That’s not a guy who’s going to be able to motivate the police. He’s talked about, you know, shutting down Rikers, right? You know, that’s — so I would say affordability, safety — his policies are wrong. He’s accurate in identifying the problems with the city, but his policies are going to destroy the city."