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Mike Bloomberg drops out of 2020 presidential race

Bloomberg talks supporting veterans and gun safety during first presidential campaign stop in San Diego. (San Diego Tribune/TNS)
March 04, 2020

Democratic presidential candidate Mike Bloomberg announced on Wednesday morning that he is dropping out of the 2020 race and endorsing Joe Biden.

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“Three months ago, I entered the race for President to defeat Donald Trump,” Bloomberg said in a statement. “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.”

“I’m immensely proud of the campaign we ran. I’m deeply grateful to all the Americans who voted for me, and to our dedicated staff and volunteers. I want you to stay engaged, active, and committed to our issues. I will be right there with you. And together, we will get it done,” Bloomberg added.

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Bloomberg’s campaign suspension comes after his only Super Tuesday victory came from the territory of American Samoa, despite spending $500 million in advertising, according to CNBC.

Just 11 hours before he suspended his campaign, Bloomberg tweeted that he was “more determined than ever to defeat Donald Trump and rebuild America.”

Bloomberg had insisted in early 2019 that he would not be running for president. He eventually did enter late in the race, launching his campaign with a $31 million television ad campaign, but missing out on key caucuses in Iowa, New Hampshire, South Carolina, and Nevada.

Bloomberg had said on Monday that he would not be dropping out of the race even if he didn’t fare well on Super Tuesday.

He faced attacks from his own party after his support of “stop-and-frisk” policies in New York City drew accusations of discrimination. He was also criticized over allegations of harassment and gender discrimination from former employees, and the non-disclosure agreements he bound those employees to.

Bloomberg also faced mockery from President Donald Trump, who dubbed him “Mini Mike” and stated that Bloomberg’s campaign would not be a success.