« U.S. and North Korea disuss nucelar arms | Main | Marathon runners barred from using MP3 devices »

Bloomberg challenges term-limit rule, looks for re-election

Mayor Michael Bloomberg, according to the Washington Post, is likely to announce, as early as Thursday, plans to revise term-limit law, which would allow the mayor to seek a third term in office.

Bloomberg, who is set to leave office at the end of next year, is expected to cite the looming financial crisis and increasing economic instability as adequate conditions for term-limit law revision, according to the Washington Post.

In the past, Bloomberg has supported term-limits, but has seemed to waver as of late, according to the Washington Post. Bloomberg still carries a high-approval rating and infamous term-limit supporter Ronald Lauder recently characterized Bloomberg's experience, potentially honed for a third term, as "invaluable."

However, Bloomberg, who faced New York's economic issues after 9/11, is up against an equally sizeable challenge, according to the New York Times.

“I would say it’s a bigger economic challenge for him than Sept. 11,? said John Tepper Marlin, chief economist for the New York City comptroller’s office from 1992 to 2006.

“It’s not just New York City — it’s a whole system in trouble. Yet it’s our residents and our workers who will be affected.?

The decision of whether to allow for a revision to term-limit law is likely to be left to the New York City Council, according to the Washington Post.

Although voters supported a term-limit referendum, the city council can overturn the law by a majority vote. A vote that council members said they would likely support if Bloomberg declared his intentions to run for re-election.

According to the Washington Post, the city council's control is being seen as a departure from normative democracy by undermining voters.

"It's just plain wrong to overturn the will of the voters by legislation," said Gene Russianoff, senior attorney for the New York Public Interest Research Group. "We're supposed to be a government of laws, not of men. It's supposed to be what's good for New York, not what's good for Michael Bloomberg."