Bloomberg: Tax Bill Based on ‘Fantasy’

“CEOs aren’t waiting on a tax cut to ‘jump-start the economy’ — a favorite phrase of politicians who have never run a company — or to hand out raises. It’s pure fantasy to think that the tax bill will lead to significantly higher wages and growth, as Republicans have promised. Had Congress actually listened to executives, or economists who study these issues carefully, it might have realized that. … Instead, Congress did what it always does: It put politics first. After spending the first nine months of the year trying to jam through a repeal of Obamacare without holding hearings, heeding independent analysis or seeking Democratic input, Republicans took the same approach to tax ‘reform’ — and it shows.”

Michael Bloomberg

Bloomberg Calls Legalizing Pot ‘Stupid’

What are we going to say in 10 years when we see all these kids whose IQs are 5 and 10 points lower than they would have been? I couldn’t feel more strongly about it, and my girlfriend says it’s no different than alcohol. It is different than alcohol. This is one of the stupider things that’s happening across our country.

— Former New York City Mayor Michael Bloomberg, blasting Colorado’s decision to legalize marijuana as stupid, the Aspen Times reports.

So Much for the Rumors — Bloomberg Endorsed Obama


You heard the speculation this week that New York City Mayor Michael Bloomberg refused to let Obama assess places destroyed by Hurricane Sandy because he is rooting for Mitt Romney and didn’t want to give the president any photo ops. Looks like the rumors were wrong.

Bloomberg, who had previously said that he would not make a public endorsement in the 2012 race, apparently changed his mind after New York was pummeled by Hurricane Sandy…

Bloomberg’s endorsement comes as momentum for Obama seems to be building as the race ends

“The devastation that Hurricane Sandy brought to New York City and much of the Northeast — in lost lives, lost homes and lost business — brought the stakes of Tuesday’s presidential election into sharp relief,” Bloomberg wrote.

“We need leadership from the White House — and over the past four years, President Barack Obama has taken major steps to reduce our carbon consumption, including setting higher fuel-efficiency standards for cars and trucks,” the mayor continued. “His administration also has adopted tighter controls on mercury emissions, which will help to close the dirtiest coal power plants…which are estimated to kill 13,000 Americans a year.”

He then went on to praise President Obama’s “Race to the Top” education initative, his defense of a woman’s right to choose, and his support for marriage equality, noting that “I want our president to be on the right side of history.”

But, Bloomberg added, it’s not just that he likes Obama. It’s also that he doesn’t like Romney.