NYC mayor Mike BloombergA major public relations setback for President Obama's war on American business:
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.
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.
Source: WBCS-TV via Hot Air
