NEW YORK (CNN) - New York Mayor Michael Bloomberg announced Thursday he is asking the city council to change the office's two-term limit allow him to run for a third term.
"If the City Council should vote to amend term limits, I plan to ask New Yorkers to look at my record of independent leadership and then decide if I've earned another term," Bloomberg said in a news conference at City Hall.
The mayor, a billionaire businessman, is credited with helping New York City recover economically after the terror attacks on September 11, 2001, which felled the twin towers of the World Trade Center and killed more than 2,700 people.
Elected for the first time just two months after the attacks, Bloomberg pumped tens of millions of dollars of his own money into that campaign, as well as his bid for re-election in 2005.
"As a businessman with expertise on Wall Street and finance and as a mayor who has balanced budgets and delivered services, I can tell you that the enormity of the challenges ahead should not be underestimated," Bloomberg said.
"I care deeply about sustaining the progress we made and finishing the job the voters elected me to do."
Bloomberg, an independent since 2007, wants city council to change the current two-term limit law and offer voters another choice.
"As always, it will be up to the people to decide, not me," he said.
In 2005, Bloomberg easily defeated his Democratic opponent, Fernando Ferrer, the former Bronx borough president, who was never able to gain any traction against the popular incumbent.
Bloomberg runs Bloomberg L.P., a global communications company that provides news and financial services to thousands of businesses worldwide.
New Yorker's should make the decision.
bloomberg isn't bad ,he could continue the good job he is already doing but the only problem is that the next mayor after him may not be so good, so adding a 3rd term is risky.
@ ene m diaz
What poll are you looking at??
The limit of 2 terms is in place for a reason. Can you even imagine if Bush ran for a 3rd term? Oh wait....he is....along with his pitbull. Too scary for me. Good or not, too long in office can cause power problems that cost the American people.
"ENE" where are you getting your numbers? The latest polls show Palin with a 40% favorable, 53% unfavorable rating. As for Bloomberg, does he want to be King of New York. Didn't Guiliani try this after 9/11?
I think any government office should have term limits. That includes mayors, govenors, senators, house representatives, vice presidents and presidents. If I am not mistaken only congress does not have term limits and I think they should IMO.
Captains of Industry like Pickens, Jobs, Gates and Mr. Bershire Hathaway are in it for the long run. Maybe if we made our public leadership positions more flexiable to longevity then the great leaders of successful business enterprises would be attracted to lead the country.
Bloomberg knows how to make money for himself and is doing a great job for the City of New York..why not let the people vote on extending him or not?
Listen to Our Children – have them vote on their future!
Noooooooooooooooo, George Washington knows that two terms is enough, and if we've learned anything from W. that even two terms is too long.
Bloomberg is a good guy and is probably more qualified than anyone who may replace him.
Release the term-limit law and let him campaign for re-election. If he wins, congrats.
no........he is sooooooooooo full of himself...
I have been visiting New York City for over 30 years, staying from a day to a few weeks at a time. Despite 9/11 and the economic situation facing big cities in recent years, NYC has never been more inviting, even comforting.
From an "outsider," this guy is doing an excellent job looking out for one of our true national treasures, the Big Apple. He's got it for life, if you ask me.
Term limits are a good thing. In spite of how good your fish tastes, after two meals, you probably should throw it out.
If Bloomberg is so talented economically, send him to the National Windtunnel to become the new Greenspan.
that 's how dictators start.
And this is how it begins......
WHAT????? You can't do that! That's not fair! That goes against so many things that make this country great!
No I will not just follow the herd,
Unless it's a mob to lynch Mike Bloomberg!
Actually, Ifill never made the comittee aware of her book when she accepted the moderator position, so you are wrong. It is yet another example of the double standard that exists in the liberal media. They are all clowns
Now read my leaps. No. Satisfied?
what is he going to ban next in nyc.
I was going to say something. But everyone already said it.
He smells the bailout coming.......and the flow of cash will be north......
I say he should do it. He must be doing a good job in what he's doing so he should give it a third try. You should go for what you want as i always say, and from the looks of it Bloomberg is doing what he wants. He should go for it. Also I think the term should stay at two even though i want him to go for what he wants.
Can't any of you douchebags learn to spell or construct complete sentences, or are all of you high school dropouts?
McCain actually said he wouldn't pick Bloomberg as his running mate because Bloomberg was a staunch supporter of gay rights.
So McCain apparently thought it was better to pick an extremeist anti-choice Alaskan insead.
need term limits period
I would believe that New Yorkers would have a different take on a "third term,"..........he has stayed at the dance to long.......and by the way......he can't dance.