Rudy Giuliani Criticizes President Obama and Wall Street

President Obama is well past his one hundred day mark. And while his personal approval ratings remain sky high, America's Mayor thinks his policies are not helping the economy.

While in New York City last week I met up with former New York Mayor and 2008 Presidential Candidate Rudy Giuliani. Over a long lunch, the Mayor admitted it is appropriate for President Obama to focus on fixing the economy. But he is taking on too many problems too quickly. And the billions being spent on bailouts could bankrupt future generations. Mr. Giuliani says the President's new policies might be more of a mistake than a solution.

"I think he's made this much worse. I think he's made the economic problems more difficult as a result of so many what I consider to be mistakes and hopefully these are mistakes he will fix as he moves along. The stimulus package was not a stimulus package it was if anything a real burden on the economy because it was so much spending so quickly."

To hear what Mr. Giuliani thinks about the recent Bernie Madoff scam and why he expects there to be similar scams in the future click on the video link. Enjoy some financial advice from America's Mayor.

(Brian Banmiller is a national Business Correspondent for CBS News Radio, free lance writer and public speaker. The former television business news anchor in San Francisco can be reached at brian@banmilleronbusiness.com .)