This morning in New York City, Mayor Michael Bloomberg held a press conference during which he spoke harsh words about the protestors of the Occupy Wall Street movement.
Occupy Wall Street protesters have come out in the thousands, often clashing with police officers. Cities such as Chicago and San Francisco have evolved their own version of the New York movement.
Mayor Bloomberg noted in his speech that finance is an enormous part of New York City's economy, and that the protesters are actually damaging the industry.
"If the jobs they are trying to get rid of in this city -- the people that work in finance, which is a big part of our economy-- we're not going to have any money to pay our municipal employees or clean the blocks or anything else," said Mayor Bloomberg.
This turn of events should perhaps come as no surprise given that Bloomberg is himself a billionaire and an avid capitalist with a capital-C. Bloomberg is the founder and majority owner of Bloomberg L.P., a financial information and data services company which provides a software program used by almost every major bank, hedge fund and financial institution around the world.
On September 30, Mayor Bloomberg said during a radio show, "We need the banks, if the banks don't go out and make loans we will not come out of our economy problems, we will not have jobs."
The mayor also noted that he felt the protesters were harming the tourism industry in New York by creating an unpleasant environment. He said, "They're trying to take away the tax base we have because none of this is good for tourism."
Mayor Bloomberg's assessment of the Occupy Wall Street movement is fairly bizarre, particularly his assessment that the protesters are actually trying to deliberately hurt the city's economy.
Mayor Bloomberg's opinions contrast with President Obama's. "People are frustrated and the protesters are giving voice to a more broad-based frustration about how our financial system works," the president said yesterday.