'Obama Needs Bloomberg More Than Bloomberg Needs Obama'

Memo to the White House: You can have him. New York City has had enough of this twerp.

Is Mayor Bloomberg being wooed to join the Obama administration?

Asked about last weekend's four-hour golf game with President Obama on Martha's Vineyard, Bloomberg told reporters yesterday, "The economy was the main subject, other than discussing golf."

Now there are whispers that the president went even further and sounded out Bloomberg about whether he would join his foundering economic team as treasury secretary, replacing prime blame-target Timothy Geithner.

"Obama needs Bloomberg more than Bloomberg needs Obama," a source tells us. "Obama's looking to do something bold and credible before the election."

If he really wants to do something credible he'd resign, but that'll never happen.

Insiders say multibillionaire Bloomberg, who was on the short list for the gig in 2008, has the star power and credibility to help Obama. "It's been the focus of a lot of discussion," said one Democrat. "He's very well-liked and well-respected on Wall Street."

Who cares if he's respected on Wall Street? His recent actions when it comes to defending the location of the Ground Zero Mosque leave him little credibility with the overwhelming majority of Americans who oppose the mosque. Bloomberg is so out of touch he doesn't even see the need to investigate where financing for the mosque is coming from. Then again two guys on the fringe of American political opinion would seem to be a natural fit.

Meanwhile, Bloomberg's good pals from the mosque refused to condemn Hamas for their murder of four Israelis yesterday.