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Mr. Bloomberg goes to Washington
Photo credit: Urbanite
Associated Press photo
Mayor Michael Bloomberg will be in Washington tomorrow lobbying top congressional leaders and members of President-elect Barack Obama’s transition team on how to spend federal money to shore up the economy.
Bloomberg plans to tell Obama transition officials that rather than earmarking dollars for specific roads, bridges and mass transit projects, the new president should set aside a pot of money for infrastructure.
“If we’re going to be spending money to boost our economy, we should be investing in infrastructure that will pay dividends down the road,” said Stu Loeser, mayoral spokesman.Loeser said the mayor will not advocate for spending on specific projects, such as the city’s subways or bridges.
“There will be time to argue those things on the merits,” he said.
Bloomberg will also meet with Senate Majority Leader Harry Reid (D-Nevada); Sen.-elect Mark Warner (D-Va.) and Rep. Barney Frank (D-Mass.), the chairman of the House Financial Service Committee, which wields influence over the spending of the recently-passed $700 billion bailout package.
Loeser said Bloomberg would express concern that industries other than financial services are now lining up in hopes of getting a portion of that money.
“Our primary goal is obviously to protect New York’s biggest employers,” Loeser said.
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