And these people all voted in the spending-cuts crowd. All spending is bad – except the spending they need! Despite their situation, they still can’t quite connect the dots
“We are basically homeless at this point,” said the owner of the house, Kenneth S. Eisenman, who had been planning to retire after 31 years as a driver for United Parcel Service.
Mr. Eisenman said he was not unsympathetic to the Republicans’ argument that Congress should partly offset the cost of disaster relief by cutting lower-priority programs. Some programs, he said, are as useless and wasteful as providing “treadmills for seahorses.” Continue Reading »
MR. GREGORY: Can you explain how that impacts businesses? Because we hear it, it’s a conventional wisdom that a lack of leadership, uncertainty, means that businesses aren’t hiring. They’re making money, they’re doing more with less, and yet they’re not hiring.
MAYOR BLOOMBERG: Well, nobody has any confidence. If you’re a bank and you have money, would you make a loan when people are talking about putting you in jail for what happened in the mortgage crisis three, four years ago? You hunker down. If you’re a business, would you go take a loan and expand and hire more people when every day there’s talk about different regulation, different tax policy? Business has to know what it’s going to be in the future to plan because hiring people is a long-term commitment. If you’re an individual, would you go take that extra vacation, buy a new house and that sort of thing when you’re not sure whether Washington is going to do what’s right to keep job creation going in America? That’s the–in the end, it is confidence, confidence, confidence.