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10-08-2011, 12:07 PM
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Bloomberg: Protestors trying to destroy city's jobs
"(Reuters) - New York Mayor Michael Bloomberg accused anti-Wall Street protesters on Friday of trying to destroy jobs in the city, even as he said he was sympathetic to some of their complaints.......
"What they're trying to do is take the jobs away from people working in this city," Bloomberg said on his weekly radio show, adding that the protests "aren't productive" and weren't good for tourism.
"If the jobs they are trying to get rid of in this city -- the people that work in finance, which is a big part of our economy -- go away, we're not going to have any money to pay our municipal employees or clean our parks or anything else."..........
Wall Street is the pillar of the New York state economy, making up 13 percent of tax contributions.
"The protests that are trying to destroy the jobs of working people in this city aren't productive," Bloomberg said. "At the same time I'm sympathetic to some of their complaints." "There are some people with legitimate complaints."
The protesters are angry about the 2008 Wall Street bailout that critics say let banks enjoy huge profits while average Americans suffered high unemployment and job insecurity......
Bloomberg's comments came a day after President Barack Obama and Vice President Joe Biden acknowledged the frustration and anger of the protesters.
New York Governor Andrew Cuomo has also said he understood the anger being felt by the protesters but had to balance that with the economic importance of Wall Street to the state."
http://www.reuters.com/article/2011/...rpc=22&sp=true
If they are so angry at the 2008 Wall Street Bailout, why don't they protest their PALS, the Democrat Congress that approved it for their pals like Clinton's former Treasury Secretary Robert Rubin, head of Citibank????
"Former Treasury Secretary Robert Rubin has served on the Citi board for a decade. For much of that time he was chairman of the executive committee, collecting tens of millions to massage the Beltway crowd, though apparently not for asking tough questions about risk management.
The writers at the Deal Journal blog remind us of one particularly egregious massaging, when Mr. Rubin tried to use political muscle to prop up Enron, a valued Citi client. Mr. Rubin asked a Treasury official to lean on credit-rating agencies to maintain a more positive rating than Enron deserved. What signal will President-elect Barack Obama send if his Administration, populated with Mr. Rubin's protégés, allows this uberfixer to continue flying hither and yon on the corporate jet while taxpayers foot the bill?"
Cit's Taxpayer Parachute - WSJ
http://online.wsj.com/article/SB122757194671054783.html
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