Michael Bloomberg Eviscerates Donald Trump, Calls Him ‘Risky, Reckless’

Business mogul Michael Bloomberg eviscerated fellow New York City billionaire Donald Trump on Wednesday night, saying “I’m a New Yorker, and New Yorkers know a con when we see one.”

“I understand the appeal of a businessman president. But Trump’s business plan is a disaster in the making. He would make it harder for small businesses to compete, do great damage to our economy, [and] threaten the retirement savings of millions of Americans,” the former New York City mayor said in a speech at the Democratic National Convention. “Trump is a risky, reckless, and radical choice. And we can’t afford to make that choice.”

“Most of us who have created a business know that we’re only as good as the way our employees, clients, and partners view us. Most of us don’t pretend that we’re smart enough to make every big decision by ourselves. And most of us who have our names on the door know that we are only as good as our word, but not Donald Trump,” said Bloomberg, who emphasized he’s an independent, as the crowd cheered throughout his speech.

CNBC

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.