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.
cnn report mcdrills gop crook ideas
"you cannot go to a 7-Eleven or a Dunkin' Donuts unless you have a slight Indian accent." – Joe Biden
A question: Which states are voting by proprtional electors instead of winner take all this year, and how many electoral votes are up for grabs this way?
he needs to leave. He was against it when Rudy wanted to stay afew extra months to sort out the 9-11 mess because He thought he was the only one who could. now with this mess Mike thinks HE is the only one who can keep the city running. Its all a crock. The people voted twice. not once, twice and now he is taking away their ability to vote on it. KING MIKE HAS ARRIVED
This would be great for New York. I hope that he would get involved nationally, with advice on this economic crisis. This man is absolutely brilliant.
This morning McBush stated that he is behind in the Polls
" Because Life is not Fair " yes that is a quote. OMG, now this pathetic little angry Liar is going to add Whiner to his list of Ugly attributes. Life is fair and that is why his political gimmicks this week over the Bail Out Bill. His continuous lies and negative attacks. And his ' Country Last ' poor judgement pick of an unqualied VP pick, are starting to back fire on him.
This was exactly what Mayor Juliani tried to do before Bloomberg came to office.
Is Bloomberg saying there are no other credible people in NYC.
He must go at the end of his two terms.
No body is an island.
NYC will surely find a replacement, a good one indeed.
You are one of the best mayors in NYC's history. As much as I disagree with you on changing the rule in the middle of the game, I believe that for the sake of the city that I love, you should seek a 3rd and a 4th term.
Just so you know, I would have moved to Jersey if Rudy Sleazeball wanted another term. So, don't disappoint me.
By the way, I know that you have $20 billion in personal property. Wanna hire a very skilled guy with two graduate degrees? :o)
McCain pulling out of Michigan
John McCain is pulling out of Michigan, according to two Republicans, a stunning move a month away from Election Day that indicates the difficulty Republicans are having in finding blue states to put in play.
Oh Hell No way, the Law is the Law and it applies to everyone.
No third term. Is he special or what?
Hold on Bloomberg............John McCain and Sarah Palin will be in the job market after starting November 5th.
Bloomberg is a blowhard. His only interests are in himself and what he can control. He doesn't like the game so he wants to change the rules.
Bad move Mr. Bloomberg, I voted twice for term limits, the laws are for everyone, even billionairs. Why not run for Governor, or City Council speaker, they have budget control. Or better yet apply to the next president for Paulson's job. I would trust you to dole out my hard earned tax dollars rather than a wall street insider.
Nope – finish your term, then go campaign for changing the term limit. If you get it changed – great – run again. But it is completely unreasonable to try to change the rules midstream. That's the Bush way (and McCain and Palin) way of operating. Play by the rules.
Ironically Rudy wanted a 3rd term. The simple truth is that NYC is unlike ANY other city as the financial capital of the US. I think a 3rd term should be allowed for NYC mayors, but ONLY as an Independent.
NYC mayors should NOT be allowed to run a 3rd term under any party affiliation; therefore, unless they TRULY believe it's worth spending a great deal of their personal wealth, and THE PEOPLE of NYC (not dems or repubs) want them to serve again, will they win...
Bloomberg if you were such a great mayor for New York economically , why didn't you sound the alarm sooner for Wall Street. He gave over 400 million to Yankee Staduim but The New Towers are still NO WHERE to be seen.
We don't need another self serving Joe Liberman. Finish your term and move on!
Way too much of politico's buying their own way past laws designed
to protect the honest citizen from them, and their greed. 2 terms are
enough for any politician.. just look at all those "good old boys"
in the senate... and look at all the money some of these people have
hell they could own states, outright. Almighty greed machine at it's best.
I am sure..like most wealthy in our nation–he will attempt to change the laws and our reality–to suit his own needs.
Should we allow another Bloomberg term–with full knowledge–he's just waiting to be President?
If Bloomberg were President....where would we be?
Not everyone aspires to be a billionaire–nor do they have the cut-throat mentality, disaffection for human suffering, and lack of conscience it takes to get there.
Why should New Yorkers support someone with those values?
Good mayor or not, I don't think you should mess with the two term law. It opens doors for others to take advantage of it.
Bloomberg is brilliant. I hope he joins the Obama administration.
The only people who think they are not replaceable are narcisitic such as Guilliani, Bush, Cheney, and now Bloomberg. Time to leave Mr. Bloomberg
The City Council will no doubt amend the law, because it will allow THEM to serve more than two consecutive terms.
I'm against term limits, but this looks self-serving, to say the least.
Most New Yorkers won't really mind, though, since Bloomberg's popular. Plus most people have no sense of consistency.
Move up or Move out Bloomberg. We have term limits for a reason and there are other positions that are out there. I know New York will need a new Govenor soon so why not take some time off after one term ends and start moving for another.