Republican Senator Rand Paul of Kentucky on Fox Business warned Thursday that the "Occupy Wall Street" protest in New York City could become violent thanks, in part, to President Barack Obama.

"As far as this Occupy Wall Street movement goes, you know I see it sort of like a Paris mob," he said. "I see the president's rhetoric of envy inflaming the public."

Sen. Paul said he "hoped" that the "Parisian mob" that Obama was inflaming didn't result in "lawlessness" where protesters looted iPhones, "because rich people don't deserve to have them."

During a White House news conference Thursday, President Barack Obama said that the Occupy Wall Street demonstrations were proof people wanted to see tighter financial regulations.

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Photo credit: Gage Skidmore