We're aware from briefly scanning heavily redacted documents that Mayor Bloomberg's perception of money is somewhat different than most non-billionaires. But yesterday, just hours before the leader in the city's $740 million CityTime boondoggle was arrested for taking $5 million in kickbacks, Mayor Bloomberg said on his weekly radio program that "we actually did a pretty good job here, in retrospect." Sure, they may have overshot the projected $68 million it would cost, but…no, that pretty much sounds like the exact opposite of a "pretty good job" to us.

Gerald Denault, the point man for Science Applications International Corp, the group charged with implementing CityTime, and the man who couldn't even keep track of his own hours, denied allegations of overcharging taxpayers for their services in an interview with the Wall Street Journal (subscription only). Mr. Denault "didn't dispute the allegation that he failed to report precise hours," but said that it didn't matter because he was underbilling. "I underbilled, and as a result, I'm a bad guy?" What do you think, Mayor Bloomberg? Still stand behind your belief that “In the end, businesses understand the real world, in a ways that governments do not"?