You have to take away some of tax breaks for the wealthy, and you have to cut back on some entitlements. Because, unless we do all of these things, it just doesn't work. And what's good theater and what's good politics isn't necessarily good economic policy.

Bloomberg stated that he rides the New York City Subway on a daily basis particularly in the commute from his 79th Street home to his office at City Hall. His business plan was based on the realization that Wall Street (and the financial community generally) was willing to pay for high quality business information delivered as quickly as possible and in as many usable forms possible via technology (e. In regard to the global War on Terrorism including Iraq he said "It's not only to protect Americans.

He was frequently mentioned as a possible independent candidate for the U. Michael Rubens Bloomberg (born February 14 1942) is an American business magnate politician and philanthropist. With a net worth of $27 billion he is also the 7th-richest person in the United States.