Bloomberg says Wall Street protesters trying to destroy jobs
October 8th, 2011
11:40 AM ET
3 years ago

Bloomberg says Wall Street protesters trying to destroy jobs

New York (CNN) - New York Mayor Michael Bloomberg blasted Wall Street protesters, entering their 22nd day Saturday, for targeting the financial sector and "trying to destroy the jobs of working people in the city."

Speaking on WOR radio Friday, Bloomberg said the city's labor unions - many of whom swelled demonstrator ranks earlier this week - depend on salaries that "come from the taxes paid by the people they're trying to vilify."

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Filed under: Jobs • Michael Bloomberg • New York • Wall Street
soundoff (50 Responses)
  1. BK, Wv

    Bloomberg is part of the problem.

    October 8, 2011 03:57 pm at 3:57 pm |
  2. Larry

    My immediate response is "What jobs?"; No Mayor this, for most protestors, is about fairness. When 1% of the population controls close to half (42%) of the wealth and 80% of the population has only 7% of the wealth that is not a democracy it is an oligarchy where the wealthy few control the political process with their abundance of wealth. There will be an accounting and with the mood of the American people it will be soon.

    October 8, 2011 03:58 pm at 3:58 pm |
  3. Michael Newberry

    No one should doubt that this attack by Bloomberg is highly personal. He's the very kind of billionaire the occupiers are calling out! Just imagine if poor Michael had to may 5% higher tax on dividends... according to plutocrat dogma, Bloomberg TV would die after he loses all desire to make more money.

    October 8, 2011 03:58 pm at 3:58 pm |
  4. Blake Southwood

    America is ina Great Depression.
    America needs 100 million middle class and manufacturing jobs.

    October 8, 2011 03:59 pm at 3:59 pm |
  5. Geola

    What jobs. The so called "job creators" haven't created any jobs with all the money that they gotten. That is one of these people are protesting. The other reason they are protesting is because of corporate influence dominating government policy.

    People who are against the protests are clueless or part of the corporate machine or both.

    October 8, 2011 03:59 pm at 3:59 pm |
  6. Gary Holmes

    I only have 2 questions for these protesters 1. Are you registered to vote?? 2. Have you voted in the last 2 elections? If you can't answer the questions, go back home!!

    October 8, 2011 03:59 pm at 3:59 pm |
  7. Todd Drury

    Whose jobs are they destroying? The jobs of the filthy rich who caused the bank failures and should be fired and thrown in prison? If i am fired from my job i loose every benefit, but when they are fired they get paid millions of dollars for failure is that fair? I would like to here some rational answers to my comments.

    October 8, 2011 03:59 pm at 3:59 pm |
  8. Moogst

    The top tax rate in 1941 was 94% and it is down to 35% today. The tax burden has been systematically trasferred from the wealthy to the middle class for 60 years. This is the real class warfare – the politicians doing the bidding of the rich. The young people on Wall Street realize this and are demanding their fair share.

    And here's the truth: if General Electric, Ford or any of the companies that really make things are create jobs for the country were to close shop, there would be trouble. But if Goldman Sachs, UBS or any other of the societal parasites were to close only their employees would be hurt. Think about it, what would Goldman do if some rich person didnt give them money. They're like lawyers and can only exist if others are working – they produce nothing but money for themselves. There are the producers and the consumers – the Wall Street parasites are only consumers.

    October 8, 2011 04:00 pm at 4:00 pm |
  9. Shane

    As long as unemployment is high, wages will remain low and Wall Street makes more profit.

    October 8, 2011 04:00 pm at 4:00 pm |
  10. NewsReader23

    Bloomberg said the city's labor unions - many of whom swelled demonstrator ranks earlier this week - depend on salaries that "come from the taxes paid by the people they're trying to vilify."

    Someone should ask him..."And why is that?". They take our hard earned money and aggregate it (401ks, IRAs) and trade it all around while taking a cut. Then lose it in scams. They don't deserve the millions they make.

    October 8, 2011 04:00 pm at 4:00 pm |
  11. SCAtheist

    Well Mayor where does your slippery argument end? After the top 1% owns 50% of the wealth and unemployment is 20%? The sacred job creators are doing nothing for the rest of us.

    October 8, 2011 04:01 pm at 4:01 pm |
  12. Sudhir

    Bloomer its time to quit the affiliation with wall street and make your peace with god. You know you don't have many years left to enjoy all the money you made. Look what happened to Steve Jobs. You may be the next strong presidential candidate for 2012 if you ditch wall street like you ditched republican party.

    October 8, 2011 04:02 pm at 4:02 pm |
  13. Regnad Kcin

    Mayor Michael Bloomberg is yet another Certified Shill for Wall Street and corporate interests.

    October 8, 2011 04:02 pm at 4:02 pm |
  14. FauxNewz

    I've been a hot dog vendor in NYC for 12 years, and business is now booming with these protesters on the street. I plan to take the extra money and invest it in a good stock so I can retire early.

    October 8, 2011 04:02 pm at 4:02 pm |
  15. Jesus christ

    Repent and belive in me and the father who sent me and you will be saved dont worry for we are watching and we will seperate the goats from the sheep and punish those dont depend on your goverments but continue to belive in the lord ubove for everything

    October 8, 2011 04:03 pm at 4:03 pm |
  16. Point Noted

    Your days are coming to an end dear Mr Mayor. You will of course get the right to speak your last words in favor of the corporations that paid for your campaign and elected you.

    October 8, 2011 04:03 pm at 4:03 pm |
  17. JP

    Unions send jobs overseas, they should be banned. Just look at what have done for Greece.

    October 8, 2011 04:04 pm at 4:04 pm |
  18. An Obama Supporter

    Anyone who blames our Economic problems today on obama is clearly an ignorant and confused. We had a surplus then a republican had to out spend it by billions and put us in this spot to begin with.

    Terry,

    People are either intelligent or plain stupid, and the likes of you belong in the latter.

    Obama/Biden 2012.

    October 8, 2011 04:04 pm at 4:04 pm |
  19. sameeker

    Of course Bloomberg is whining about the protests, he in wealthy on the backs of the lower classes.

    October 8, 2011 04:04 pm at 4:04 pm |
  20. Eric

    The protesters know the TRUTH! The deficit went from $7B to $14B due to Wall St's reckless gambling. The gov't has effectively back-stopped Wall Street Bonuses!

    October 8, 2011 04:05 pm at 4:05 pm |
  21. boehnersux

    Sorry Mr Bloomberg, but you and many others of your type have made a mess of the nations economy, these people are mad, and if it frightens you, it should. Better join in with them, the train is leaving right now.

    October 8, 2011 04:05 pm at 4:05 pm |
  22. Andrew Pearce

    Bloomberg is right ... we should erradicate everyone and anything who destroys jobs in this country, so let's start with the Wall Street banks. How many jobs did their stupidity and greed destroy?

    October 8, 2011 04:06 pm at 4:06 pm |
  23. Mike

    "....the city's labor unions – many of whom swelled demonstrator ranks earlier this week – depend on salaries that "come from the taxes paid by the people they're trying to vilify.""

    Well, then FIRE them Mr Mayor!

    ....Oh, that's right: You CAN'T fire them for anything short of mass-murder, can you? Ah, for the life of a union puke....

    October 8, 2011 04:06 pm at 4:06 pm |
  24. RKen

    I love how the word "job" is now the new "weapons of mass destruction" equivalent for this decades round of propaganda. Don't like/agree something the other person/group/party says or does? Accuse them of destroying jobs!

    No data, facts, or evidence at all to support that claim? No problem! You don't need it!

    Just rely on your good'ol use of our new-found curse word, "jobs", to invoke fear, pain, and resentment for your enemies.

    October 8, 2011 04:06 pm at 4:06 pm |
  25. shlomo yomtob

    Bloomberg makes a hundreds of millions each year from selling products to Wall Street. Mr. Bloomberg is worried about his own earnings – as Wall Street shrinks, he looses. It is time for NY to start building jobs in non-financial areas. The free lunch on Wall Street is coming to an end. The FED will bail it out as long as it can but at some point, no amount of printed money will be enough to save the ponzi scheme. The zionist depends on the Wall Street money to fund AIPACs operations and wars. It will fight until the end to keep that scheme going.

    October 8, 2011 04:07 pm at 4:07 pm |
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