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August 1, 2010
Mayor Bloomberg was on NBC’s Meet the Press in 2010. He made some insightful comments about the ineffective ARRA stimulus package that not many in the press have made. As unemployment remains high, the debate has been whether the nearly $1 Trillion stimulus package worked. That is really a false debate. The money never actually made it to jobs creation programs. Instead, the states and municipalities gobbled up the money to pay off their budget deficits and maintain their bloated entitlement programs.
Update, July 8, 2012