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" "Neither party has God on its side, a monopoly on good ideas, or a lock on any single fiscal, social, or moral philosophy.
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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The federal poverty measurement … hasn't been changed since it was first introduced in 1964. … [T]he formula [doesn't] indicate that we've made any gains in fighting poverty. … [Yet] we have made real progress in fighting poverty and raising living standards since the 70s. … The poverty formula … is bankrupt.