Bloomberg Ridicules Washington On Economy.
'Cash Rebates Like ***** For Alcoholics'
Mayor Michael Bloomberg has unleashed another flurry of jabs on Washington, ridiculing the federal government's rebate checks as being "like giving a ***** to an alcoholic" on Thursday, and said the presidential candidates are looking for easy solutions to complex economic problems.
The billionaire and potential independent presidential candidate also said the nation "has a balance sheet that's starting to look more and more like a third-world country."
President Bush signed legislation Wednesday that will result in cash rebates ranging from $300 to $1,200 for more than 130 million people.
The federal checks are the centerpiece of the government's emergency effort to stimulate the economy, under the theory that most people will spend the money right away.
