Nicole Gelinas joins City Journal associate editor Seth Barron to discuss Mayor Bill de Blasio's State of the City address, his aspiration to run for president in 2020, and his attempts to position himself as a national progressive leader. "There's plenty of money in the city—it's just in the wrong hands," de Blasio proclaimed in a speech loaded with tax-the-rich rhetoric. Since his first mayoral election in 2013, de Blasio has tried to position himself as a revolutionary. But in practice, Gelinas notes, he is "more old-school, big-city Democratic pragmatist than new-school, Democratic Socialist of America." The Big Apple mayor took to national media outlets like Morning Joe and the Washington Post to unveil his latest proposals: a "universal" health-care plan for New Yorkers and a mandate that private employers give full-time workers two weeks' paid time off. Closer to home, though, nonpartisan reporting has exposed his failures: crumbling public housing, unaddressed challenges of homelessness and mental illness, transit dysfunction, and political corruption.