According to the NY Times - Mayor Michael Bloomberg is seeking to change the term limit provision in NYC and run for a third term in 2009
full article
New York Times
from the Times:
Right now, Mr. Bloomberg is barred by law from seeking re-election. But he will propose trying to revise the city’s 15-year-old term limits law, which would otherwise force him and dozens of other elected leaders out of office in 2009, the three people said.
In his announcement, Mr. Bloomberg, a former Wall Street trader and founder of a billion-dollar financial data firm, is expected to argue that the financial crisis unfolding in New York City demands his steady hand and proven business acumen.
The move represents an about-face for Mr. Bloomberg, who has repeatedly said he supports term limits and once called an effort to revise the law "disgusting." He will apparently try to do so through legislation in the City Council, rather than the ballot box.
I dont know how i feel about this yet - i like bloomberg - i think he has done a lot of good things for the city and not such good things (the stadiums)
but i do believe in the law -- and so did bloomberg -- and the law currently states term limitations. this reminds of me of when Giuliani wanted to stay on after 9/11 and ignore the term limit then.
i realize that we can just vote him out - but it is not that simple. incumbents have a natural advantage - especially self funding billionaires.
i really cannot wait to see how this plays out. as a NYC resident - this will be the new intrigue when this election is over.