The reason that Mayor Bloomberg has predicted that there may be rioting in the streets soon, is because if the poor job market does not improve Bloomberg says that we may see what happened in Madrid, Cairo, and other cities happen here. Civil disorder about spending money on items other than job creation in high unemployment sparked the rioting abroad, and similar circumstances here could become the catalyst for local civil disobedience. According to Bloomberg more college graduates are finding less jobs in the current job market, and that was why he praised the latest job plan by President Obama.
The Republican House Speaker Congressman John Boehner of Ohio has drawn a line in the sand however to Obama as to the raising of taxes on the rich to pay for the jobs plan that benefits the middle class. The Republicans hope to stymie President Obama in this period of lower approval ratings for the president right before the 2012 presidential election.
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