Bloomberg warns high unemployment rate could lead to widespread rioting - NYPOST.com
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.
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