And I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that.

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.