Bad Times on Wall Street = Another Term for Bloomberg?

The faltering fortunes of Wall Street and its implications for NYC bring up a new question: Can this crisis make a case for a third Bloomberg term? After all, he did manage the city after September 11. City Council member Eric Gioia, who is against changing term limits without a voter referendum, told the NY Times, "There aren’t a lot of people who have his experience, connections and gravitas." But City Council member John Liu said, "As the economy goes south, so will his popularity ratings. No one, not even this mayor, can control the economy.” Interestingly, though Bloomberg has reportedly asked the city's media moguls about overturning term limits, the Post's editorial page editor Bob McManus says Bloomberg is ambivalent about what he wants to do.