Bloomberg Predicts Riots In The Streets If Economy Doesn’t Create More Jobs

Sunday, August 3, 2014
By Paul Martin

Erin Einhorn
Commoditie Futures.com
Aug. 2, 2014

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.”

In Cairo, angry Egyptians took out their frustrations by toppling presidential strongman Hosni Mubarak – and more recently attacking the Israeli embassy.

As for Madrid, the most recent street protests were sparked by widespread unhappiness that the Spanish government was spending millions on the visit of Pope Benedict instead of dealing with widespread unemployment.

Bloomberg’s unusually alarmist pronouncement came as President Obama has been pressuring reluctant Republicans to pass his proposed job creation plan.

“The damage to a generation that can’t find jobs will go on for many, many years,” the normally-measured mayor said.

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