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Thu 23 Oct, 2008 04:18 pm
NEW YORK (Reuters) " The New York City Council voted on Thursday to extend the two-term limit for mayor and other elected officials, allowing Mayor Michael Bloomberg to seek another term to help the city cope with the deepening global financial crisis.
Bloomberg, a former Wall Street trader and self-made billionaire who was elected in 2001 and again in 2005, wants to run again on grounds that his financial experience will be valuable in guiding the city through lean fiscal times ahead.
The 51-member council voted 29 to 22 to approve the measure. About two-thirds of the council would have been forced out of office under the two-term limit, but they can now stand for a third term at the November 2009 election.
"It's a vote and a choice that's a difficult one, but it's one we take at a difficult time," Council Speaker Christine Quinn told reporters before the vote.
@dyslexia,
It's just an itty-bitty step to three-term prez for Michael now.
@ehBeth,
Absolutely. Mr Bloomberg is positioning himself to ride to the rescue of NYC in 2009-11 and be in a position to challange Obama in 2012. And a majority of the city council went along because they like their jobs and want to stay on the gravy train.
I doubt that this plan will hold up in court.
@realjohnboy,
Was the two term limit a public vote? Then any rescinding should be by public vote..
@ossobuco,
ossobuco wrote:
Was the two term limit a public vote? Then any rescinding should be by public vote..
thetwo term limit was indeed a public vote.
@dyslexia,
Doesn't sound the least bit legal, then.
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