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.
how many of you saying no way or "he's greedy for power" are actually from NYC? bloomberg has done amazing things for this city and is a very successful and popular leader, and it's not like he's been president for 8 years.
i say go for it, I'll vote for him.
Bloomberg has been a good mayor....you know the founding fathers expressly did not put term limits into the constitution because they felt that doing so would create lame ducks who would either abuse power or not do anything knowing that they are leaving no matter what. Term limits take away some of the ambition to make sure one is doing an exceptional job.
Nope sorry cause then Bush will be trying for a third time too.
This is a blatant attempt to circumbent the will of the voters of NYC, who twice in the past have voted to keep term limits. The idea of allowing the very people who would most benefit from erasing term limits to have the final say in the matter is rediculous. I have no problem with Bloomberg wanting to run for a third term, but he should have introduced a referrendum on last year's ballots to let the voters of NYC decide if we wanted to give him that opportunity.
as long as he's supporting barack obama go for it!!!!
CNN get back on topics we need to hear more from mcdrill
Personally I think that 2 terms is long enough for any presidential elector being in office. Senators, congressman, mayors and other types of governments have more of a chance to get heard than us the people that they're "defending". Even though this is so, it shouldn't stop us from abiding by and taking advantage of the very first amendment of the constitution, freedom of speech. Go Obama! I have nothing against McCain but i really do believe it's time for a CHANGE!
anyone but BUSH MCBUSH MCPALIN III OR IV terms
what in gods name is going on in this great country of ours?
Teach our kids a lesson – You play by the rules – You don't change them in the middle of the game!!
No more drama: Vote OBAMA.
So does Bush . . . that's why he's supporting McCain/Palin
ABSOLUTLEY NOT..... TWO TERMS ARE ENOUGH.
Rick October 2nd, 2008 1:25 pm ET
Hey Bloomberg….just retire, become a community organizer and a crack dealer and then become the democrat candidate for president in 2012. It seems to be a recipe that works.
Rick you are an imbecile
This is the VERY reason term limits are needed. These people get addicted to power, status, influence, affluence and the limelight. This is a central reason why we have the financial mess in Washington – too clubby = negligence. Bloomberg did impress as someone who wouldn't go gently into his good night.
I think term limits should be at the ballot box. If a person has to answer to the voters they tend to do a better job. If a person is good at the job, why not stay?
I voted against him the first time around, but as a NYC resident, think he's the best mayor this city has had in a long time. I hope he stays-
That's crazy!!!! Right? What is Bloomberg thinking?
Is this a test run for other more important public offices having 3 or more terms???? Doesn't it seem like everyday we hear the next craziest issue??? This one leaves me dumbstruck!
CNN, just posting here because it's the only blog open. You need to not close blogs so quickly, and for heaven's sake, update them MUCH MORE quickly. Allow people to respond to each other comments, not just post a bunch of cheerleading comments for one candidate or the other. That's the whole point of a blog, isn't it?
Of course he does. It was not that long ago that he voted in favor of term limits. Now that his is about to expire he wants the law changed.
Typical patehtic politician.
Term limits should definitely be set in the Senate and Congress. No one should be allowed to make laws that affect everyone in this country when they don't even know who the hell they are.
If people feel it's not right, then they don't have to vote for him. And they can vote out the council people who voted to extend the term limit. He could be a good thing, or a bad thing for the city, but that's up to the people to decide.
it doesn't circumvent the voters. he would still have to be elected. and if the law is changed and he wins then it would mean that the voters agree.
WE NEED TERM LIMITS FOR THE SUPREME COURT.
WHEN YOU ARE 90 AND WEARING "DEPENDS", YOU HAVE NO BUSINESS CASTING A VOTE FOR ANY LAW, MUCH LESS RULING FROM THE BENCH.
ONLY IN AMERICA...THE LAND OF THE FREE AND THE HOME OF THE INSANE!