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" "Despite its potential, the federal government has restricted funding for creating new cell lines – putting the burden of any future research squarely on the shoulders of the private sector. Government's most basic responsibility, however, is the health and welfare of its people, so it has a duty to encourage appropriate scientific investigations that could possibly save the lives of millions.
Michael Bloomberg (born 14 February 1942) was elected Mayor of New York City in 2001. He ran for re-election in 2005 and won a second term. He was frequently mentioned as a possible independent candidate in the 2008 Presidential Election, but did not run.
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On his controversial initiative "Opportunity NYC": "Now, you might say, 'why should we pay people for doing what they're supposed to do?' It's a fair question -- but think of it this way. Every other anti-poverty program that's been tried has failed to get the national poverty rate below 11 percent. … Why shouldn't we experiment with a program built around the one strategy that has proven time and again to work wonders -- capitalism?"
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