The problem of dealing with the financial industry is being addressed today. You can measure it with interest rates coming down. You can measure it with the quantity of loans, and that sort of thing. The problem is, that nobody wants to take the loans. Once the banks are willing to give it, that's only half the problem.
Michael BloombergNow, you might say โ โBut why should we pay people for doing what theyโre supposed to do?โ Itโs a fair question โ but think of it this way: Every other anti-poverty program thatโs been tried has failed to get the national poverty rate below 11 percent... Why shouldnโt we experiment with a program built around the one strategy that has proven time and again to work wonders โ capitalism?
Michael BloombergOrganizing around a common interest is a fundamental part of democracy. We should no more try to take away the right of individuals to collectively bargain than we should try to take away the right to a secret ballot.
Michael BloombergYou know, Russia today is, what, 200 million people? In land mass, it's probably 50 times the size [of Japan], in natural resources a hundred times the size! Russia's not doing all that badly. The public there - not everybody - but they have things that the West offered, [that] were only available in the West a long time ago.
Michael BloombergWe cannot continue. Our pension costs and health care costs for our employees are going to bankrupt this city.
Michael BloombergNeither party has God on its side, a monopoly on good ideas, or a lock on any single fiscal, social, or moral philosophy.
Michael BloombergOther ways of looking at the environmental or climate change stuff is to frame it in the context that it is simultaneously a public health issue. One out of eight premature deaths worldwide happens because of air pollution. The worst power plant in America kills 278 people a year and causes 445 heart attacks. So, when we improve air quality we improve our lives, and at the same time we improve the climate as well. We must see climate policy from this perspective and not as an abstract threat that may threaten our survival in 100 years.
Michael Bloomberg