Senate President Dick Codey has joined a growing chorus that’s clamoring to install New York City Mayor Michael Bloomberg as the nation’s new “economic czar” – a post that doesn’t yet exist.
“Having worked with Mayor Bloomberg when I was Governor, I witnessed his economic prowess first hand,” said Codey. “No one understands the business sector better than he does. Just as importantly, he relates to working class families and understands their struggles… I honestly believe that there’s no one more qualified in this country to take on such a critical role that requires an understanding of the fundamentals of both Wall Street and government. Whoever is trusted with making this appointment would be foolish not to go directly to Mike Bloomberg.”
The idea was first floated by Bloomberg’s fellow billionaire, Warren Buffett, and has since caught fire. Buffett thinks that Bloomberg would be the best man to manage an agency overseeing the government’s $700 billion bailout of troubled financial institutions.
On NBC’s “Meet the Press,” Bloomberg indicated that he would be open to the prospect, although he’s also floated the idea of getting rid of term limits so that he can run for another four-year stint as mayor.