[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/images/10/22/art.bloomberg.gi.jpg caption="The New York Times endored New York Mayor Michael Bloomberg's re-election campaign Saturday."]
NEW YORK (CNN)– The New York Times endorsed Mayor Michael Bloomberg's bid for a third term Saturday, praising his ability to handle the most difficult situations.
"Mr. Bloomberg has been a first-rate steady hand during unsteady times," an editorial in The Times said. "He guided the city out of the post-9/11 recession, then tucked away money during the boom years that followed. That foresight has helped New Yorkers weather one of the worst economic downturns in 80 years. Mayor Bloomberg has easily earned another four years."
The editorial commended Bloomberg's Democratic opponent, city Comptroller William Thompson, but said he has spent too much time attacking the New York Mayor, and too little time laying out his proposed policies for the city.
Bloomberg won a campaign last fall to allow for a third mayoral term.
While his favorability in the polls took a minor dip after he persuaded New York's city council to overturn the term limits, the latest poll conducted by Marist College show Bloomberg, an independent, with a 16-point lead over Thompson, 52-32 percent. Twelve percent of likely voters said they supported other candidates or remained undecided.