NYC Bloomberg on riots and unemployment.

Bloombergsubway

Bloomberg: Youth and Unemployment bad mix.

There are some growing concerns about the prospect of Middle Eastern and European style riots erupting in US cities.

From Michael Bloomberg in the NyTimes:

Mayor Michael R. Bloomberg takes every opportunity these days to mention what he says are two major problems facing the country’s economy: enormous public debt and high unemployment. But on the radio show he appears on with John Gambling on Friday mornings, Mr. Bloomberg took his comments further than usual.

You have a lot of kids graduating college can’t find jobs,” he said in response to a question about the poverty rate. “That’s what happened in Cairo. That’s what happened in Madrid,” he continued, referring to the uprising that overthrew President Hosni Mubarak of Egypt and the more recent protests against the Spanish government’s austerity measures. “You don’t want those kinds of riots here.”

Full story.

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3 thoughts on “NYC Bloomberg on riots and unemployment.

  1. It wouldn’t surprise that there will be some sort or of rioting in the not to distant future. Something has to be done to get people back to work, and not the nonsense, of giving corporations more tax breaks, as we’ve saw what happened with the last tax breaks: nothing.

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