Mike Bloomberg Drops Out of Race After Embarrassing Himself and Losing Hundreds of Millions


Mike Bloomberg is done. After an embarrassing showing last night in the all-important Dem Super Tuesday, he announced today he is dropping out of the race.

He will endorse Joe Biden in a move that will further alienate the left and other Bernie supporters.

The safe candidate with skeletons in the closet does not usually do well in general elections.

Kerry, McCain, Romney, etc., etc. Maybe if they hide Joe Biden and use surrogates to speak at rallies he may squeak by, but Biden inspires no one. This move will backfire on the Dems with one big Biden gaffe.

From Axios:

Michael Bloomberg, who spent hundreds of millions of dollars to self-fund his 2020 presidential run, announced Wednesday that he is suspending his campaign after a poor performance on Super Tuesday and will endorse Joe Biden.

The state of play: Bloomberg opted to skip campaigning in early states, staking his candidacy on a string of Super Tuesday victories to launch him to frontrunner status, but that plan was ultimately felled by the resurgence of Joe Biden’s campaign.

Pete Buttigieg and Amy Klobuchar both exited the race between the South Carolina primary and Super Tuesday and chose to back Biden — along with Beto O’Rourke.

On Super Tuesday, Biden scored surprise victories in states like Texas, Massachusetts and Minnesota — and racked up huge wins across the South.

While Bloomberg was viable in multiple states, he didn’t win any — and his only victory was in the territory of American Samoa.

What he’s saying: “I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterday’s vote, it is clear that candidate is my friend and a great American, Joe Biden,” Bloomberg said in a statement.

“I’ve known Joe for a very long time. I know his decency, his honesty, and his commitment to the issues that are so important to our country – including gun safety, health care, climate change, and good jobs.”