While a third party candidate has little chance, as a consequence of the poor choices offered by the major parties Michael Bloomberg has moved up to second in my rankings of potential 2008 candidates (with this subject to change between now and November). Bloomberg has dismissed the proposed economic stimulus package being considered with this criticism:
“There’s just one problem: It’s not going to make much of a difference because we’ve already been running huge deficits,” Bloomberg said. “If we spend all the money right now, and there is no recovery because of it, then we don’t have a second hand to play.”
Bloomberg has offered these suggestions:
Bloomberg argued that the government’s first goal should be to stop the bleeding in the housing sector. “What good is a rebate going to do for a family who’s about to lose the place that they sleep in?” he said. Keeping people in their homes, he added, “is more important than giving everyone a check.”
Instead, the mayor argued, the government should:
_ Adopt a capital budget to oversee long-term infrastructure spending, instead of the current year-to-year spending.
_ Offer financial counseling, modified loans and, in some cases, subsidized loans to homeowners who find themselves unable to afford their mortgages.
_Overhaul immigration laws to bring more workers in, not keep workers out.
“Illegal immigration has become the pandering politician’s best friend,” he said. “We have to stop turning away people that our economy needs.”