Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Bloomberg on Obama's Economic Plan Speech: "Great"
By
Jen Chung
Published Jan 8, 2009
Modified Jan 8, 2009
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Jen Chung
Published Jan 8, 2009
Modified Jan 8, 2009
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
Mayor Bloomberg, as well as other mayor from large cities, was on hand to head President-elect Obama outline an ambitious economic stimulus plan, one that includes a $1,000 tax cut for working families, a payroll tax cut and an infusion of $800 billion. Obama urged Congress to pass a stimulus plan, “I don’t believe it’s too late to change course, but it will be if we don’t take dramatic action as soon as possible. If nothing is done, this recession could linger for years. The unemployment rate could reach double digits.”
Still, there's some skepticism from both parties about the plan. However, Bloomberg said, "He gave a great speech and understands our cities have to be a central focus of any recovery plan. This was the opening salvo of a long, difficult battle to reform the way this country spends money and to get the economy moving again. He understands he is going to have to lead the charge and it is not going to get done without both ends of Pennsylvania Avenue and both sides of the aisle working together." In particular, Bloomberg was pleased with Obama's mention of infrastructure investment, noting it's "something Governors Schwarzenegger, Rendell and I have been championing for some time." Here's video of Obama's speech:
Visit msnbc.com for Breaking News, World News, and News about the Economy
And here's the full text. CNBC wonders if the plan is too big to work.
Tagged
economic stimulus
mayor bloomberg
president-elect obama
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
Early Addition: Get to know Wanda, the donkey in the Met's 'La Bohème'
Because she's 18 years old now, here are your early links: The RHONY castmember mentioned in the Epstein Files, killing rats with carbon monoxide, Selena Gomez says don't vape and more.
By
James Ramsay
Published Oct 19, 2026 at 8:26 a.m. ET
Eric Adams' NYC buildings boss Eric Ulrich heads to trial, 3 years after arrest
Ulrich, a former city councilmember, is accused of trading access and favors for cash and bribes. He was the first aide to Mayor Adams charged with public corruption.
By
David Brand
and
Samantha Max
News
Eric Adams' NYC buildings boss Eric Ulrich heads to trial, 3 years after arrest
Ulrich, a former city councilmember, is accused of trading access and favors for cash and bribes. He was the first aide to Mayor Adams charged with public corruption.
By
David Brand
and
Samantha Max
Need help with mental health or addiction services? NYC has a new tool.
By
Caroline Lewis
NYC sues personal injury law firm accused of bogus trip-and-fall claims
By
Walter Wuthmann
NYC Council to consider earlier Legionella reporting after deadly outbreaks
By
Catalina Gonella
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .