I’m not a fan of New York Mayor Bloomberg, but every now and then even a blind squirrel finds a nut:
President Barack Obama’s demand Thursday that Congress clamp down on the size of banks and their investments got major blowback from New York City Mayor Michael Bloomberg, who said it could cause layoffs and hurt the city.
It’s a clash between the president and the mayor. President Obama wants to whittle away at the size of the financial services industry.
The mayor was so upset about the move — and a suggestion that Wall Street bonuses be put in escrow, which means the money wouldn’t be spent here, wouldn’t help the city economy — he responded with a proposal of his own for members of Congress.
“Maybe we should hold back their salaries for a decade or so and see whether the laws they pass work out,” Bloomberg said.
I like it! If this GOP would propose this as part of their platform, it would salt away some big victories in November. What? Oh, I said “salt.” Sorry, Mr. Mayor.