The Wall Street Journal considers the Bloomberg fiscal record, in an op-ed called “New York Will Survive Without Bloomberg.” The money quote after the jump:

 

[T]he argument for extending the two-term limit for Mr. Bloomberg — a self-made billionaire who got his start on Wall Street — is that the city needs someone with his financial acumen to help weather the fallout from the banking crisis. The biggest problem with that argument is that Mr. Bloomberg hasn’t been very adept at managing the city’s finances, even though he’s had record revenues to work with.

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The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.

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