Saturday, June 19, 2010

Mayor Bloomberg "Screws" Up On Radio by Frank Lombardi - The Daily Politics - NY Daily News

Bloomberg once again shows how out of touch he is with average middle class voters....He defends the rich corrupt Wall Street gang who nearly bankrupted our country and shattered the economy while he trashes municipal workers who he plans to lay off despite a $3 Billion dollar surplus...There's not a rich person alive that he won't doesn't like or defend...Nor is there a union man that he likes and wouldn't slander...I think only him and his privileged class really think that anyone would leave Wall Street or NYC if derivatives were highly regulated, as they should be...

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Mayor Bloomberg is normally guarded about using profanity in public, so his use of the salty phrase “screw them” on his radio appearance this morning

should be forgiven as an innocent slip of the tongue.

Here’s the context: While discussing the proposed tightening of regulation of Wall Street, the mayor noted that some of the union protesters who staged a rally against budget cuts this week outside City Hall had railed about “getting even with bankers.”

The mayor suggested that since taxes from Wall Street earnings and bonuses pay for their salaries, “our cops and firefighters and teachers they should be out there defending the bankers.”

Bloomberg noted one of the protesters had said, “Oh, you know, a lot of these [bankers] were in favor of charter schools… so we’re going to go screw them.”

He quickly corrected himself: “Hurt them -- pardon my language.”

Going on, the mayor said it’s a popular sentiment among the “political chatter class” to be down on bankers and Wall Street financiers and to push for over-stringent regulations, such as banning derivatives.

Such overzealous regulations would merely drive business out of the city or out of the country, damaging the city’s ability to pay its workforce, argued Bloomberg, who nonetheless asserted, “I’m not here to defend bankers, I’m here to defend New York City business.”