Congestion Pricing -- Was it Good for NYC?

It seems that Mayor Bloomberg's "congestion pricing" plan is dead! There wasn't even enough support in Albany for a vote. As a result, NYC lost millions in federal money to improve mass transit, because the funding was only going to be given to the city if congestion pricing was implemented. Under the plan, there would have been an extra tax charged to vehicles entering Midtown Manhattan Monday thru Friday during business hours -- $8 for cars, and $21 for trucks.

Supporters of the plan claim that it will alleviate traffic congestion and pollution, and incentivize more people to use mass transit [which would have received millions in funding for improvements].

Opponents say the charge would have been a financial hardship for the middle class, and for small businesses that count on transport of goods and materials into the area. Also, people living in some areas of the outer boroughs that are closest to Manhattan, say that their neighborhoods will suffer from vehicles driving and parking there, to transfer to mass transit into Manhattan

What do you think? Was congestion pricing a good or bad idea? Are you happy ot didn't pass? Or do you think Mayor Bloomberg should continue promoting it?