A 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.

Michael Bloomberg

Quote Topics

Back Bill Bridges Buildings Built Buy Check China Flat Fundamentally Gone Infrastructure Know Look Made Made In China Money Municipal Out Remember Roads Screen Spent Started Stimulus Those Tvs Were

Quote Author

Michael Bloomberg
American - Politician
Born: February 14, 1942

I think also people in states like Pennsylvania know that a lot of money and effort and time needs to be spent on knitting America back together, on the bridges and the roads and the infrastructure and the education.

Chris Matthews

I`d say is stimulus infrastructure spending is not instant jobs. I think the real reason the president [Donald Trump] wants to do this is because we have a crumbling infrastructure problem and you need a good modern infrastructure for economic growth to occur.

Paul Ryan

I don't see how a lowering of VAT helps much, in terms of stimulus. VAT is a form of sales tax. It gets paid when you spend. A stimulus should put money in your pocket before you have actually spent the money.

Kwasi Kwarteng

Our infrastructure of bridges, roads and ports has been given a D-level rating by many civil engineer societies. The government should shift some money from the Defense budget and hire companies to fix our infrastructure. As for non-construction workers, we need to do job retraining in those growing areas where more skilled workers will be needed.

Philip Kotler

The claim made by Team Obama that every dollar in stimulus translates into a dollar-and-a-half in growth is economic fiction. The costs of stimulus reduce future growth. No country has ever spent itself to prosperity. The price of stimulus has to be paid sometime.

Karl Rove

We've got to make sure that we rebuild the infrastructure in America, because we used to be - have the best bridges, the best roads, the best airports. And now, when you go to China or you go to Europe, you see that they are outstripping us in terms of infrastructure. And if we put people back to work, that would be good not only in the short term, but it would also lay the foundation, the framework for long-term economic and job growth.

Barack Obama

Bridges are burning all around us; bridges to responses that might have mitigated the already brutal (and just beginning) ravages of Peak Oil; bridges to reduce the likelihood of war and famine; bridges to avoid our selectively chosen suicide; bridges to change at least a part of energy infrastructure and consumption; bridges to becoming something better than we are or have been; bridges to non-violence. Those bridges are effectively gone.

Michael Ruppert

If I were President, I would spend the money that is spent on wars every 20 years and spend it on giving people work. Let them build roads, bridges, buildings, schools.

Liberace

What mothers need, as well as fathers, spouses, and the children of aging parents, is an entire national infrastructure of care, every bit as important as the physical infrastructure of roads, bridges, tunnels, broadband, parks and public works.

Anne-Marie Slaughter

I say we have not even had the decency to maintain the assets that our parents and grandparents built for us - our roads, our bridges, our wastewater systems, our sewer systems; by the way, those weren't Bolsheviks, those weren't socialists that built those things for us - much less build the infrastructure we need for the 21st century.

Michael Bennet

You have to be careful, because, in the [Donald] Trump stimulus package, there were two elements. One is the infrastructure investment program, which at this moment doesn't have the financing spelled out in any effective form.

Judy Woodruff

Too many politicians seem to reach for 'infrastructure' as the default answer to investment, as if roads and bridges were the answer to everything. Even the IMF and the World Bank seem to mainly offer infrastructure spending as an alternative to austerity, although they are right to focus on the need for investment.

Mariana Mazzucato

It`s nice to get president candidates` attention to infrastructure need which is really a ticking time bomb in America. But as important as the dollar amounts are, we need to know that this money is gonna go directly to cities. So we`re gonna be able to put it to use. In previous administrations and in previous efforts on infrastructure, the money has gone through states and it never seems to find its way to the nation`s cities.

Mick Cornett

Why don't we stop the stimulus spending? There's still about $400 billion or $500 billion of the stimulus plan that has not been spent. Why don't we stop it? It's not working.

John Boehner

The direct risks from climate change are obvious: as changing weather patterns cause extremes of flood and drought, hurricanes and typhoons. These damage the physical infrastructure of buildings and bridges roads and railways. They are violent and disruptive.