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Friday, September 16, 2011

Bloomberg warns high unemployment rate could lead to widespread rioting

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Indeed. NYC is not a place you want to be caught without a gun when the power goes out. Look at the mayhem from 1977 that took only 24 hours to achieve!

NYC Blackout ‘77: From the Streets to the Towers 

At 9:30 PM EST exactly 33 years ago, New York City’s five boroughs suffered a massive power outage that changed plenty about the United States and the Western World. It took a little more than 24 hours for the ’77 blackout to end, but not before 1,616 stores were damaged in looting and rioting, 1,037 fires were responded to, and 3,776 people were arrested. The event and its effects are still under study at places like George Mason University in Virginia.

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Last Updated: 1:38 PM, September 16, 2011

Soon many could be feeling the physical pain of the bad economy.

Sounding alarm bells about the nation's high unemployment rate, Mayor Bloomberg warned this morning that there could be widespread mayhem in the streets if Washington lawmakers don't start creating jobs for millions of Americans who are out of work.

"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 also said the damage may be done -- especially to recent college grads -- as the nation's unemployment rate hovers around 9 percent.
Mayor Bloomberg
REUTERS
Mayor Bloomberg

"The damage to a generation that can't find jobs will go on for many, many years," Bloomberg said.

Despite that, the mayor gave Obama praise for coming up with a jobs bill.

"At least he's got some ideas on the table, whether you like those or not," he said.

The $447 billion jobs plan is crucial if Obama wants to revive his sagging poll numbers as he sets off on his 2012 reelection bid.

Obama had hoped his massive $800 billion stimulus plan -- aimed at creating jobs -- would help unemployment fall below 8 percent.

A poll out earlier this week showed that Americans are skeptical of Obama's latest efforts.

The poll showed a majority of Americans don’t believe Obama’s jobs plan will make a dent in the unemployment rate. Overall, 51 percent of respondents don’t think the plan will reduce the rate, while only 40 percent thought it would.

Voters overall disapprove of Obama’s handling of the economy by 62-33.

Individual elements of Obama’s jobs plan get big majorities of support -- indicating the flaw might be in Obama and the way he’s trying to sell the plan.

According to another poll by CNN/ORC, the payroll-tax cut the president proposed gets 65 percent support, aid to states gets 74 percent and funds for school construction get 64 percent.