â€œYou have a lot of kids graduating college who canâ€™t find jobs. Thatâ€™s what happened in Cairo. Thatâ€™s what happened in Madrid. You donâ€™t want those kinds of riots here,â€ Bloomberg said on his weekly radio show, referencing the riots in Egypt that ousted President Hosni Mubarak.
The protests in Madrid that he spoke of were sparked when the Spanish government spent millions to welcome Pope Benedict despite the countryâ€™s widespread unemployment.
Bloombergâ€™s comments came as President Obama continues to pressure Congress to pass his $447 billion jobs bill, urging Republicans to stop the â€œgame-playingâ€ and put country ahead of party.
â€œThere is no overnight solution,â€ Bloomberg said. â€œYou create these problems over long periods of time and all of a sudden they say, â€˜Letâ€™s face it today.â€™
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