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 Bloomberg
More from: Michael Bloomberg
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More quotes by Michael Bloomberg
- What goes on in Europe concerns us greatly because, if Europe comes apart, the E.U. comes apart, then you're going to have enormous impact on America, that's a very big trading partner of ours, and people own securities around the world in this day and age.
- I think if you look at people, whether in business or government, who haven't had any moral compass, who've just changed to say whatever they thought the popular thing was, in the end they're losers.
- There is no business in America that would be prevented from taking results into account when making personnel decisions.
- I'm trying to change the culture in New York City that's hard enough!
- This is the city of dreamers and time and again it's the place where the greatest dream of all, the American dream, has been tested and has triumphed.