Michael Bloomberg: Money in Hand

Michael Bloomberg Money Quote saying If people have money, they’ll put that money into the economy to save, invest and banks will loan it out. Michael Bloomberg said:
 

 

“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. 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 Bloomberg

In this quote, Michael Bloomberg is arguing that putting more money in people’s hands through various economic policies will help stimulate broader economic activity and job creation.

He notes that if people have more money, they will either spend it, which increases consumer demand for goods and services and helps businesses grow and hire more employees.

Or they will invest it, such as by putting it into mutual funds or savings accounts, and this capital can then be used by those institutions to make loans to other individuals and companies, again fostering more economic activity and job creation.

By saying “we need to do that”, Bloomberg appears to be advocating for policies that aim to put more disposable income in the hands of consumers and investors as a way to strengthen the overall economy and labor market.

Michael Bloomberg: Spend Money

Michael Bloomberg Money Quote saying that if money can make things better, why wouldn’t we take the opportunity to do so? Michael Bloomberg said:
 

 

“If you really believe that you’re making a difference and that you can leave a legacy of better schools and jobs and safer streets, why would you not spend the money?” — Michael Bloomberg

In this quote, Michael Bloomberg seems to be making a case for spending money on initiatives that can improve communities and leave a positive legacy. By asking “why would you not spend the money?”, he implies that for those who truly want to make a difference and leave their mark through bettering education, employment opportunities, and public safety, expending financial resources is a justified and worthwhile investment.

Bloomberg appears to be arguing that if one’s goal is creating lasting positive change through policies that support schools, jobs and safety, then using money to fund such programs and make progress in those areas is reasonable and should not be avoided.

Daryl Cagle CagleCartoons.com

Mike Bloomberg: Tax Bill Economics

Mike Bloomberg Money Quote saying the republican tax bill makes all current economic problems worse and does not help the country. Mike Bloomberg said:

“The tax bill does nothing to address our most pressing economic challenges like wage stagnation, inequality, rising deficits and crumbling infrastructure. In fact, it makes each of them worse” — Mike Bloomberg

Mike Bloomberg is criticizing the tax bill that was passed. He argues that it fails to address important economic issues facing the country like stagnating wages, growing inequality between the wealthy and others, rising budget deficits, and deteriorating infrastructure. Bloomberg goes on to say that rather than helping these problems, the tax bill will actually make each one worse.

By pointing these out, he appears to believe the tax bill was a missed opportunity to enact policies that could have stimulated broader-based economic growth and improved social conditions for many Americans.

The tax bill does nothing to address our most pressing economic challenges like wage stagnation, inequality, rising deficits and crumbling infrastructure. In fact, it makes each of them worse. https://t.co/5UllWnkvXZ

— Mike Bloomberg (@MikeBloomberg) December 15, 2017