Yesterday, Mayor Bloomberg's re-election campaign released its spending so far, which totals $2,920,977. While a big number, the Daily News and NY Times all point out that, by this time in 2005, Bloomberg's campaign spent $5 million. (He ultimately sank $84.5 million in 2005.) More details of the breakdown at the Times and News, which also quotes Baruch College's Doug Muzzio, "This isn't even pocket change. These are the pennies that fall through the holes in his pocket - nothing." Bloomberg campaign communications director Howard Wolfson (his firm is paid $40,000/month) said, "We agree with Bill Thompson— this isn’t about money. The race will come down to which candidate has the best record and vision to lead the city at this difficult time." Of course, Thompson, who is running for mayor, also said, "In the end, people will beat money... I believe I'm going to be the next mayor of the city of New York."