• With: Mayor Michael Bloomberg

    BLOOMBERG: Yes. There are plenty of American citizens jammed into small apartments as well.

    BLOOMBERG: Only because you want to make a difference. Human life is human life.

    O'REILLY: The code violations when you go in. If the person who owns the apartment or who's renting it apartment is illegal you can report that person to ICE if you so choose.

    BLOOMBERG: Yes. But if they are violating the zoning laws, you can report them to the city government and we will do something about it as well.

    O'REILLY: You didn't in that case.

    BLOOMBERG: Maybe we didn't in that case. But the bottom line is that has little to do with the fact that we need jobs in this country desperately. And the ways to get jobs is to have people with great skills who are entrepreneurs come to this country and create the jobs.

    And if you look at the statistics, if you look at the percentage of new businesses that are started by entrepreneurs, much higher than those started by Americans who have been here for many generations.

    O'REILLY: That's true. And there are certain industries like electronics and all of that that have dominated.

    BLOOMBERG: I will give you a good idea. We were... I was asked one time on television, what do you do for the big cities in this country that have been hollowed out where industry has left or just disappeared. I said here is what you do because we don't have a lot of money to fix the problem. But if you just go and say to people around the world if you have skills, you can come, we will give you a visa to live in that city. You agree not to take any federal, state or city moneys live in that city for seven years. You figure out how to make a living. We will give you full citizenship at the end of seven years.

    O'REILLY: If you are good citizen.

    BLOOMBERG: If you don't break the laws and take any federal money. Those people would use...

    O'REILLY: All right. I'm not opposed to it.

    BLOOMBERG: And those people would create jobs and that's what you do to these cities.

    O'REILLY: I'm not opposed to it. As long as it's legal, I think you guys have something that the brains around the world could absolutely help this country.

    Look at me. I'm Irish and my people came here and look at this brain right here, Mr. Mayor. Can you see it?

    BLOOMBERG: I can see it, Bill. I can see it.

    O'REILLY: All right, gentlemen. Thanks, happy holidays

    Content and Programming Copyright 2011 Fox News Network, Inc. Copyright 2011 Roll Call, Inc. All materials herein are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Roll Call. You may not alter or remove any trademark, copyright or other notice from copies of the content.