DAVID GREGORY: Do you believe the tax cuts have an actual stimulative effect on the economy?Did you notice the phrase? He uses it twice. Interestingly, David Gregory takes care to avoid it, so Bloomberg had a good prompt, but he used it anyway.
BLOOMBERG: I don't think there's any question that they put more people -- more money in people's hands, and I think that the public will do a better job with more money in their hands to stimulate the economy than you will do with government programs.
GREGORY: But, Mayor, economists say, especially wealthier Americans don't end up necessarily spending money that they, that they keep through tax cuts. And look at the effect of the Bush tax cuts over a decade... what some have called a decade of, of futility, if you look at the number of jobs created.
BLOOMBERG: OK. But number one, some of these things are not connected, they just happen to have at same -- happened at the same time. And 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.
Sunday, December 12, 2010
Bloomberg uses the quirk of phrase that shows he hasn't absorbed the most basic message of the Tea Party movement.
From today's "Meet the Press":
Labels:
Bloomberg,
David Gregory,
economics,
taxes,
tea parties
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