Quote by Michael Bloomberg

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.

You know, if you look back in the 1930s, the money went to i

Summary

This quote highlights a comparison between the infrastructure spending during the 1930s and a more recent stimulus bill. It suggests that in the past, economic stimulus focused on investing in essential public infrastructure such as bridges, roads, and municipal buildings. However, in the context of the current stimulus bill, it implies that the initial economic relief provided in the form of a rebate check was largely spent on purchasing consumer goods, specifically flat-screen TVs made in China. The quote implies a critique of the recent stimulus bill's impact on stimulating domestic economic growth and job creation through infrastructure development.

Topics

Money

By Michael Bloomberg

Liked the quote? Share it with your friends.

Random Quotations

Even in the meanest sorts of labor, the whole soul of a man

Even in the meanest sorts of labor, the whole soul of a man is composed into a kind of real harmony the instant he sets himself to work.

Labor

Politeness, n. The most acceptable hypocrisy.

Politeness, n. The most acceptable hypocrisy.

The fundamental fact about the Greek was that he had to use

The fundamental fact about the Greek was that he had to use his mind. The ancient priests had said, Thus far and no farther. We set the limits of thought. The Greek said, All things are to be examined and called into question. There are no limits set on thought.

Mind

Your determination, selflessness and courage have brought th

Your determination, selflessness and courage have brought the freedom struggle towards its fulfilment.

Courage

I have a problem with too much money. I can't reinvest it fa

I have a problem with too much money. I can't reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.

Robert Kiyosaki

Money

A person is never as quiet or unrestrained as they seem, or

A person is never as quiet or unrestrained as they seem, or as bad or good, as vulnerable or as strong, as sweet or as feisty; we are thickly layered, page lying upon page, behind simple covers. And love - it is not the book itself, but the binding. It can rip us apart or hold us together...Layers, by their nature, are fragile things.

Inspirational

A man is never completely alone in this world. At the worst,

A man is never completely alone in this world. At the worst, he has the company of a boy, a youth, and by and by a grown man --the one he used to be.

Loneliness

There was that law of life, so cruel and so just, that one m

There was that law of life, so cruel and so just, that one must grow or else pay more for remaining the same.

Norman Mailer, The Deer Park

Growth

You can't depend on your judgment when your imagination is o

You can't depend on your judgment when your imagination is out of focus.

I'm actually pretty shy in real life. But I guess in front o

I'm actually pretty shy in real life. But I guess in front of the camera, I focus.

Turn off your mind, relax, and float downstream.

Turn off your mind, relax, and float downstream.

Music Inspirational Relaxation

Do you want to be power in the world? Then be yourself.

Do you want to be power in the world? Then be yourself.

Ralph Waldo Trine

Identity