Word: bloomberg
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...Bloomberg's reversal underscores why term limits inspire robust debate, as both proponents and detractors can claim their position upholds democracy's bedrock principles. Supporters say term limits hold politicians accountable, usher in fresh views that shake up static power structures, and mitigate an incumbent's advantages. Opponents argue that in addition to creating lame ducks, term limits snatch away the public's fundamental right to choose their elected officials...
...everyone considers his business acumen fair justification for the decision. Congresswoman Nydia Velazquez told the New York Times the move was "un-American," while the city's comptroller called it "an attempt to suspend democracy." Bloomberg himself has supported term limits since taking office in 2002, and said he continues to favor them. "You're not taking away term limits. You're simply going from two terms to three terms," he said...
With America's financial cathedrals crumbling around him, the billionaire mayor of its biggest city made a power play. Citing a desire to shepherd the country's economic hub through a period of crisis, Michael Bloomberg announced on Oct. 2 that he would ask the New York City Council to amend a 15-year-old law restricting Big Apple mayors to two terms in office. "We have planned for a slowdown in New York, but we may well be on the verge of a meltdown," he said by way of explanation. (See TIME's cover story on Michael Bloomberg here...
...Franklin D. Roosevelt-who served from 1933 until his death in 1945-was the first occupant of the Oval Office to serve more than two terms (he was elected to four). Like Bloomberg, Roosevelt-who helped America weather the Great Depression and accepted his nomination to a third term while war raged in Europe- was viewed as a leader capable of navigating turbulent times. It wasn't an experiment many Republicans were intent on repeating, though, and in 1951, the 22nd Amendment codified the presidency as a two-term gig. A 1995 U.S. Supreme Court case, U.S. Term Limits...
...Democracy is bigger than any one person.' WILLIAM C. THOMPSON JR., New York City comptroller, decrying the prospect that Mayor Michael Bloomberg will push for a change in city law to run for a third term. Thompson plans to run for mayor...