Bloomberg Drops His Presidential Bid, Endorses Biden as the ‘Best Shot’ in 2020

Former New York City Mayor Michael Bloomberg is out of the race after disappointing results in the Super Tuesday states.

Bloomberg dropped his presidential bid on Wednesday after he skipped the first four primary states, while using the strategy of tossing about half a billion dollars into Super Tuesday states, in hopes of picking up enough votes there.

However, it didn’t seem to fare well for Bloomberg, results so far show him in fourth in the delegate count, gathering a sliver of votes compared to former Vice President Joe Biden and Sen. Bernie Sanders (I-Vt.). This is despite his increase in national polls ahead of Super Tuesday, landing him in the third spot among the 2020 Democratic contenders.

In making the announcement, Bloomberg wrote in a press release, “I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it.”

He continued with his announcement of endorsing Biden, “After yesterday’s vote, it is clear that candidate is my friend and a great American, Joe Biden.”

“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 – because it is clear to me that staying in would make achieving that goal more difficult.”

Check out his post below:

“I’m immensely proud of the campaign we ran” The former New York City mayor tweeted, adding, “I’m deeply grateful to all the Americans who voted for me, and to our dedicated staff and volunteers.”

President Donald Trump didn’t hesitate to chime in on Bloomberg exiting the race, as he tweeted, “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!”


  1. Wish there was still an upvote. I’d give you all one! Although I would have liked to have seen Bloomberg the egomaniac debate Trump. But Biden will do…. the poor soul won’t even see it coming.

  2. If Biden is the answer, the question was pretty F-ing stupid!!

  3. Bloomberg’s money could stuff his wallet, but using it to fill his empty suit was a futile task!

  4. A wise business decision by Mikey and for many reasons.

    He can always go on to “buy” down-ticket elections and influence indirectly with his money.

    1. Heard that the interest mini-Mike makes annually on investments is $1.5 BILLION. So the money he spent on his failed campaign wouldn’t even amount to chicken feed.

      Maybe he’ll go buy Samoa now since they (and only they) love him there.

      1. James,

        I’ve heard the same. Dropping $500M is nothing to him.

        Don’t give Nanny Mike ideas. American Samoa isn’t for sale, at this time, but the uber-wealthy like Larry Ellison (Oracle founder) have literally bought like 95% of a Hawaiian island (Lanai). He still pays HI’s exorbitant taxes, but he can afford it.

        I’m not uber-wealthy but I actually considered buying an island (.40 acres) in the Columbia River except that it STILL fell within OR’s taxing. Screw that and Salem. I have a friend who’s family owns an island in the San Juan’s off WA (it’s been generations since they claimed it). But they still pay to WA.

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