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Mike Bloomberg drops presidential bid and backs Joe Biden

By | Rachel Brooks

Staff | Telegraph Local 

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Mike Bloomberg has suspended his presidential campaign. He has dropped out of the race and backed Joe Biden with his endorsement. Politico reported this within the last 24 hours. Bloomberg was quoted by Politico making the following exit statement, 

“Three months ago, I entered the race for president to defeat Donald Trump. Today, I am leaving the race for the same reason: to defeat Donald Trump.”

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Bloomberg made these comments as he addressed a gathering at the Sheraton hotel. 

Bloomberg cited that the delegate math was the reason he left the race, knowing that mathematically he had no chance of winning the nomination. As he stated, 

“The delegate math had become virtually impossible, and a viable path to the nomination just no longer existed. I will not be our party’s nominee, but I will not walk away from the most important political fight of my life and I hope you won’t walk away either.”

Politico made note that Bloomberg had poured hundreds of millions of dollars of his own private fortune into his political campaign. Bloomberg spoke to his supporters on Wednesday and stated that the new focus was a Democratic victory in November. 

Politico states that Bloomberg’s massive campaign spending equated to roughly half a billion dollars. 

NBC News reported, within the last 24 hours, that President Trump seized the opportunity to criticize Bloomberg. President Trump made this statement via his Twitter, 

“Mini Mike Bloomberg just “quit” the race for President. I could have told him long ago that he didn’t have what it takes, and he would have saved himself a billion dollars, the real cost. Now he will pour money into Sleepy Joe’s campaign, hoping to save face. It won’t work!”

Trump incorrectly stated the cost to Mr. Bloomberg. He has only reportedly spent half a billion dollars on his campaign. 

Trump likewise made this comment via his Twitter, 

“Mini Mike Bloomberg will now FIRE Tim O’Brien, and all of the fools and truly dumb people who got him into this MESS. This has been the worst, and most embarrassing, experience of his life…and now on to Sleepy Joe!”

NBC states that Bloomberg’s exit from the race does not mark the end of his influence over it. Bloomberg has deployed heavy campaign staff. There are roughly 500 staffers working toward this end. Bloomberg stated earlier, as cited by Politico, that he knew his race to the nomination was a long-shot goal. So, he and his staffers will continue to campaign for whoever the Democratic party appoints as their nominee. He has endorsed Biden, who is the apparent leader post-Super Tuesday. 

CNBC also quoted Mike Bloomberg as stating that Joe Biden is his “friend and a great American.” Bloomberg made these statements via his official Twitter in his public statement of the end of his candidacy. 

Super Tuesday final delegate count

Bloomberg was quoted by CNBC making this comment in regards to Joe Biden, 

“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.”

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