Sure, there are plenty of people earning $40,000 but there is no shortage of those making a lot more. What a buffoon. More from Think Progress:
GAMBLING: Mr. Mayor, let’s talk about Zuccoti Park and the protesters. How do you end that thing?
BLOOMBERG: The protesters are protesting against people who make $40-50,000 a year and are struggling to make ends meet. That’s the bottom line. Those are the people that work on Wall Street or on the finance sector. […] People in this day and age need support for their employers. We need the banks, if the banks don’t go out and make loans we will not come out of our economy problems, we will not have jobs. And so anything we can do to responsibly help the banks do that, encourage them to do that is waht we need. I think we spend much too much time worrying about how we got into problems as to how we go forward. […] Also we always tend to blame the wrong people. We blame the banks. They were part of it, but so were Frddie Mac and Frannie Mae and Congress.