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Bloomberg, in England, Likens Style to Britain’s Conservatives’

New York Times Original article ›

Keywords:


Bloomberg LP management

08/26/2011

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Bloomberg, in England, Likens Style to Britain’s Conservatives’

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New York Mayor Bloomberg on reviving the U.S. economy

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Bloomberg says its time Obama and the Republicans stop promising a free lunch, or something for nothing. He suggests a two step answer to the economic problems facing the U.S. - let the Bush tax cuts expire for all income groups, and passage on an up or down vote of the Simpson-Bowles deficit reduction plan for $4 trillion in savings. This would give U.S. businesses the confidence to invest instead of holding back because of the uncertainty, and lead to higher economic growth and lower unemployment.

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President Obama Should Seize the High Ground

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