Bloomberg gave everyone a great example this morning of why he needs to go.
A reporter asked what's different about this crisis, versus September 11, 2001 (when Rudy Giuliani was mulling a third term). Bloomberg said in spite of the tragedy of 9/11, people "pulled together right away" and said "We're not going to let the terrorists take away our freedom." But the financial crisis is a global, long-term issue.
Apparently Bloomberg doesn't believe terrorism is a global, long-term issue as well. Imagine this ass as president?