Mayor Bloomberg warned Friday there would be riots in the streets if Washington doesn’t get serious about generating jobs.
“We have a lot of kids graduating college, can’t find jobs,” Bloomberg said on his weekly WOR radio show.
“That’s what happened in Cairo. That’s what happened in Madrid. You don’t want those kinds of riots here.”
Bloomberg is right about not wanting riots. Nobody who’s sane does.
But let’s look at this a bit more analytically, shall we?
It wasn’t Wall Street, which I believe is contained within New York, that was responsible for the financialization of home mortgages and thus drove the housing bubble, right? Making loans intentionally to people who the banks knew couldn’t pay, then trading credit protection with more people they knew couldn’t pay? (That’s fraud twice, I do believe.)
It wasn’t Wall Street that has driven companies to incessantly offshore everything, thereby destroying the industrial and productive base of our nation, right? (That’s intentionally trashing our job base in the pursuit of short-term profit, I do believe.)
It wasn’t Wall Street that created this sort of credit bubble over the space of 30 years, right?
And finally it wasn’t Wall Street that, after doing all of the above, pulled out every stop in not only crying “poor mouth” and demanding bailouts for their irresponsible behavior lest there be immediate tanks in the streets but also has bought off, demanded and received virtual immunity under the law from all of the outrageous actions they took during those 30 years, including but not limited to getting the Federal Government to sue states that tried to protect their citizens and cut off the credit bubble in housing, right?
Oh wait, Wall Street, located within your city, did in fact do all of that and more while you, sir jackass, have done exactly nothing to put a stop to it or bring justice to the American people and against those who committed these acts.
In fact, you have done and advocated for precisely the opposite!
So to your bleating I reply with the following observation:
It is absolutely true that nobody in their right mind wishes to see riots in the streets, including myself. However, if we are destined to have riots, and if the bad actors on WALL STREET are not restrained on a forward basis and punished for their former acts it is destined that we shall, there is no more fitting place in America for them to occur than right outside your mayoral residence and office along with up and down Wall Street where the centroid of all this bad behavior in point of fact has and does to this day reside.