Mayor Michael R. Bloomberg ridiculed the federal government’s rebate checks as being “like giving a drink to an alcoholic” on Thursday, and said that presidential candidates were looking for easy solutions to complex economic problems.
The mayor also said the nation “has a balance sheet that’s starting to look more and more like a third-world country.”
President George W. Bush signed legislation on 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.
-Deriding Rebates, Mayor Still Talks Like a Candidate