Another excerpt from Wayne Barrett on Geppetto Bloomberg
Bloomberg's strategy: to box Paterson in again, just as he did on term limits, by offering up an irresistible choice. Kennedy's selection would subsequently link the mayor to the ultimate Democratic family just as Bloomberg was launching his own re-election effort. While the campaign operatives who advise both Bloomberg and Kennedy have been arguing publicly that Caroline would be an asset for the city in securing aid from Obama, her greater value to Bloomberg would be to get Obama to sit on his hands in the 2009 election.
Paterson's acquiescence on term limits convinced the Bloomberg camp to use Kennedy to seal their growing alliance with the governor as well. Initially, Kennedy's candidacy rapidly gained traction, but when a backlash of negative media swelled in late December, a chagrined Bloomberg complained at one press conference that things had gotten "out of control," which was his way of saying that things had gotten out of his control. A panicky Bloomberg said Paterson should make a decision immediately, which was contrary to the single public promise the governor had repeatedly made: He wouldn't select a new senator until the old one was confirmed as secretary of state.