New York City Mayor Michael Bloomberg decided on Thursday night that he will be voting for President Barack Obama in the upcoming presidential election next Tuesday.

Bloomberg stated the endorsement in a column posted on his website citing Obama's position on climate change and how he handled Hurricane Sandy as his reasoning.

"Our climate is changing," Bloomberg wrote in a letter posted on his own website. "And while the increase in extreme weather we have experienced in New York City and around the world may or may not be the result of it, the risk that it might be given this week's devastation should compel all elected leaders to take immediate action."

The NYC Mayor intends to donate well over eight figures to the Obama campaign after previously running an independent spending campaign to moderate both candidates during the month of October according to CNN.

Click here to read the full letter.

Obama stated in a press release that he respects Bloomberg's decision and feels "honored" to have his endorsement for another four years in office.

"I deeply respect him for his leadership in business, philanthropy and government, and appreciate the extraordinary job he's doing right now, leading New York City through these difficult days," said Obama according to Yahoo. "While we may not agree on every issue, Mayor Bloomberg and I agree on the most important issues of our time that the key to a strong economy is investing in the skills and education of our people, that immigration reform is essential to an open and dynamic democracy, and that climate change is a threat to our children's future, and we owe it to them to do something about it," the president added.

Bloomberg, a registered independent, didn't endorse a candidate in 2008 and has been very critical of the way Obama has handled his four-years in office. He feels that while Romney is a "good and decent man", his indecision on important concerns like abortion rights, health care and immigration wouldn't be a good fit for the White House.

"In the past he has taken sensible positions on immigration, illegal guns, abortion rights and health care. But he has reversed course on all of them, and is even running against the health-care model he signed into law in Massachusetts," Bloomberg wrote.

Some people are stunned that Bloomberg would endorse Obama considering during his first term as mayor he was a republican before leaving the party in 2007. Experts feel though that the Mayors endorsement may not have a significant impact on voters who normal lean towards democratic candidates anyway.  

Bloomberg feels that Obama has done enough however to earn another four years in office to hopefully accomplish everything he has promised to Americans since running for election the first time in 2008.

"If he listens to people on both sides of the aisle, and builds the trust of moderates, he can fulfill the hope he inspired four years ago and lead our country toward a better future for my children and yours. And that's why I will be voting for him," Bloomberg wrote.

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