Economics

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Bloomberg Castigates Both Parties in Response to Weak Jobs Report

Mayor Michael Bloomberg heavily addressed the country’s stagnating job situation during his weekly radio show with John Gambling this morning, and he argued again and again that both the Democratic and Republican parties are big on talk and weak on reality when it comes to dealing with the economy.

“I’m going to give a speech at the Economic Club in Washington on Wednesday next week, talking about what we’ve done here to create jobs and what both the presidential candidates should do,” he said. “They both say, ‘I’m going to create jobs.’ But then they don’t give any specifics, ‘We’re going to have infrastructure, let’s build infrastructure.’ But the average person is not going to be a construction worker; it’s just not going to happen.”

Mr. Bloomberg argued that certain policies, like those that increase educational performance, could help improve the structural system and pointed to his city as an example. Read More