Quote:
NEW YORK - Mayor Michael Bloomberg has decided to try to reverse the term-limits law he had long supported so he can seek a third term next year and help the city emerge from financial turmoil, a person close to the mayor told The Associated Press on Tuesday.
Bloomberg made the decision over the weekend and will announce it Thursday, according to the person, who has been briefed on the matter but spoke on condition of anonymity because the announcement hasn't been made. The person said the mayor has been wrestling with the decision for the past couple of months.
The billionaire former CEO will cite the nation's precarious economic situation as the reason that New York needs a tested financial manager to stay and guide the city, the person said.
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Living in the "backyard" of NYC and having seen Mayor Mike at the Scranton/Wilkes-Barre Yankees' games, Mayor Bloomberg has the qualifications to handle the fallout from all this investment banking debacle as it will severely affect the finances of NYC and the State of New York. NYC could not have a better person at the helm of the ship of state than Mayor Bloomberg. If I could vote for him to seek a 3rd term, I would. He's the right person at the right time for NYC!
AP source: Bloomberg wants 3rd term as NYC mayor - Yahoo! News (http://news.yahoo.com/s/ap/20081001/ap_on_re_us/bloomberg_third_term - broken link)
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