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Saturday, October 1, 2011

Out of touch, Mayor Bloomberg?


For 13 days, hundreds of demonstrators have encamped themselves on Wall Street in New York City, hoping to call attention to the financial sector’s greed and inequities in the American economic system.

This morning, while on local radio host John Gambling’s show, New York City mayor Michael Bloomberg was asked about the demonstrations on Wall Street. Bloomberg condemned the protests, claiming that the protesters are targeting people who making “$40-50,000 a year and are struggling to make ends meet.” He then went on to say people are focusing too much on the causes of the financial crisis and that we need to be nicer to the banking industry so that it starts lending again. He concluded by saying that we are “blaming the wrong people” by “blaming the banks” for the recession:

Really?

6 comments:

  1. This comment has been removed by the author.

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  2. Mark Thoma asks:

    Question

    Will Occupy Wall Street make a difference?

    I'm curious to hear your thoughts about this. What does it signify, where it is headed, etc.?

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  3. IS THERE ANY COVERAGE OF THIS PROTEST ON BLOOMBERG.COM ?

    I DID a really quick front page scan and did not see anything.

    Let me know.

    Thanks

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  4. Just did a search there on "Occupy Wall Street." No coverage since 9/27.

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  5. isomorphically conformable to deficit terrorism - like having Austrian economics with no taxes nor precision tax collection plus all the other ..

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