It's happening: Mayor Michael Bloomberg will reportedly announce that he will seek a third term on Thursday. The NY Times writes, "The extraordinary move promises to upend New York City’s political world.."
Three people tell the Times that the billionaire mayor will "propose trying to revise the city’s 15-year-old term limits law, which would otherwise force him and dozens of other elected leaders out of office in 2009." And he will use the financial crisis as a reason for why he should be in office for four more years.
This comes after the NY Post reported today that Ronald Lauder, another billionaire who spent millions on voter referendums to introduce two-term limits for city lawmakers, supported the idea of Bloomberg pursuing a third term in these difficult times, "To me, Mayor Bloomberg's brilliance in the financial sector, particularly Wall Street, would be invaluable." It's believed that the City Council would pass legislation to overturn term limits in this instance.
City Comptroller Bill Thompson, who has been eying a mayoral run next year, told WCBS 880, "I will be very disappointed if the Mayor attempts to do this to the legislation of the City Council. He will undermine the will of the voters, who under two occasions have said they believe in term limits. Any change to that law should go back to the public."
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"To me, Mayor Bloomberg's brilliance in the financial sector, particularly Wall Street, would be invaluable."
Now, how exactly did his brilliance in the financial sector help us get into the past year or so's fiascoes? Did we all forget what sector started this situation?
That would be that one that the billionaire is calling the other billionaire good at...
Another point is that most people working on Wall Street don't live in New York City. Unless there will be a new tax on those people, like the congestion pricing proposed but not imposed, I don't see a general benefit to people of the city from another term from the Bloom.
How does he propose to financially solve things for the rest of us that may be either 401Kless, insuranceless, higher metrocard prices imposed, etc? What's his fiscal plan for the outer boroughs and the community of New Yorkers that comprise it?
There should also be a study to find out how many of the young population under 25 have been retained in the city and specifically Manhattan in the past ten to twenty years. Would the influx be larger than the exodus of them or vice-versa?
ANGRYGOD11
I've never understood the concept of a good business executive equals a good public administrator. Business is all about maximizing return on capital. If the current business model doesn't work, then go into another business.
Government doesn't have that choice or it would decide to take the homeless, retarded, AIDS patients, long-term drug users and the elderly 20 miles out to sea and drown them.
NannyState
The economy is this jacked up and people are worried developers are going to take over for another Bloomberg term? Those guys are just trying to figure out how to deleverage and still survive. Bloomie certainly doesn't deserve another term, but if he wins, we could do worse.
megs
If he's so good, why are we so fucked? He never spoke out against the deregulated markets or the screwing of the working people-- but he did give the Yankees a BILLION city dollars, while cutting senior centers. Here's hoping that everyone who votes for this sociopath gets his eminent domain for business all over them. It's a shit stew of entitlement, too much money and power hunger. He's despicable.
Bloomberg should run-- away and as hard as he can.
avatar77
Consider yourselves lucky to have such a competent mayor. Look at other big cities in the USA and find another mayor this intelligent and skilled as an administrator. It's a gift. Enjoy it.
FelixtheCat & Christine Quinn'
It wouldn't surprise me if bloomberg and the rich club has the minutemen takes the polls to extend bloomberg's job. sick
FelixtheCat & Christine Quinn'
assberg is more like it.
whothe
Bloomberg.
whothe
You're a scumbag Blumberg!
My 2 cents.
SleepyM
I agree that the citizens should get to decide whether term limits should be abolished and not the (mostly corrupt) city council. I don't really understand the love people have for Bloomberg. I don't think he cares about the average New Yorker at all. And he definitely doesn't seem to care about anything that happens outside of Manhattan.
FelixtheCat & Christine Quinn'
We don't want those city councilmember back. NOt gale brewer, michael mcmchan, Janes gennaro, simcha felder and especially Christine Quinn, oliver koppell. They will win because of all that slush funds they gave to organization to vote for them. This is bogus and I can't believe Bloomberg is doing this.
FelixtheCat & Christine Quinn'
Bloomberg is a businessman and that is the problem. WE don't need more of those weasel giving the rich a free handout. Bloomberg met with the New York Post, Daily News and Times to discuss term limits. He would never meet with the people. No public forums because we are irrelevant to him
blablanyc
Amen, Jacque.
GaryK
i can't believe there is so much support for this. the people of new york voted twice for term limits and now you want the city council to overturn the will of the people wtf?! forget blomberg, think about the power you are giving the city council. this is a new low in politics.
FelixtheCat & Christine Quinn'
But people already voted TWICE for term limits and still support term limits. Personally, I think Term limits are good considering the slush funds that was under both Vallone Sr and Quinn's watch. I bet it would never had been discovered if it was not for term limits. I know someone drop the dime on Quinn because she was dispensing to those members who voted on her side. Also Bloomberg gave over 5 millions of our money to council member simcha felder who is a thief to vote for congestion pricing. Enough is enough. Bloomberg needs to get out. We don't need a billionaire running this city like wall street. He is selling out all our landmarks to the rich and driving out the small business and residents. This city is cold an has poor quality of life because there are no neighborhoods anymore. He is creating the city into his own private mansion. And in his mansion he doesn't want smoking, transfat, and he doesn't want us.
CedDi80
If he gets a third term, the next teacher's contract will be horrible for the teachers.
JacqueMehoff
I think I can sum up the past eight years under bloomberg's reign.
Bloomberg's rich friends get richer and the middle class and poor get poorer.
now with those four more years he'll make sure NYC is soley for the rich.
bxbrian
remember how there was a candidate from "The Rent is too Damn High" party?
There are always options, folks.
benji
JacqueMehoff,
...and when the voters vote again, they'll re-elect him
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