You know, if you look back in the 1930s, the money went to infrastructure. The bridges, the municipal buildings, the roads, those were all built with stimulus money spent on infrastructure. This stimulus bill has fundamentally gone, started out with a $500 rebate check, remember. That went to buy flat-screen TVs made in China.
Michael BloombergWe're [New York] the world's second home, the place where every religion is practiced and every culture is celebrated.
Michael BloombergFor sure I would prefer Trump had not withdrawn from the Paris Agreement. But the fight against climate change is really done at the local level - whether it's cities, local governments or the private sector, corporate and individual. No matter what Trump says, nobody is going to go back and take the scrubber out or change back to polluting. The damage that Trump can do is if there are countries that are on the fence about whether they want to address the issue, this gives the naysayers, the doubters, those that don't want to do anything, a little more ammunition.
Michael BloombergAnd I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that.
Michael BloombergI think we are not serious about attacking the long-term debt problem, and that's one of the things that he's going to have to find a way to get on the agenda.
Michael Bloomberg