Though there's a "tentative deal" for President Bush's proposed economic stimulus plan in D.C., Mayor Bloomberg thinks it's a bad idea. During a speech last night (accepting an award from the U.S. Conference of Mayors), he outlined why the package was a problem. From the NY Sun:

The $145 billion proposal being negotiated centers around the idea of providing several hundred dollars in tax rebates to individuals and families in a bid to spur the economy — a plan that Mr. Bloomberg said could "modestly benefit Americans" but would not "make a huge difference" overall because of the enormous deficits the government has already run up. more ›

It's Mike and Arnie, together again! The Time magazine co-cover pols, Mayor Michael Bloomberg and California Governor Arnold Schwarzenegger, made a Los Angeles appearance with Pennsylvania Governor Ed Rendell to announce the creation of a "nonpartisan organization that will advocate for more, and smarter, federal spending on infrastructure." The Mayor and maybe presidential candidate slammed the government, referenced the New Deal and more. Some of his statements:

In politics, winning elections and protecting a party majority is more important than solving problems and so short-term pork invariably wins over long-term investing and special interests win over the rest of us... more ›

Benzos is: Christian Celaya, Brian Joyce, Eiko Peck, Steve Bryant more ›