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Sen. Elizabeth Warren drops out of presidential race

Democratic presidential candidate Elizabeth Warren addresses supporters at Eastern Market in Detroit, on March 3, 2020. (Mike Mulholland |
March 05, 2020

Democratic Sen. Elizabeth Warren has ended her presidential campaign on Thursday.

“Today, I’m suspending our campaign for president,” Warren told her staff in a call. “I know how hard all of you have worked. So from the bottom of my heart, thank you for everything you have poured into this campaign.”

“Together, more than 1,250,000 people gave more than $112 million dollars to support this campaign. And we did it without selling one minute of my time to the highest bidder,” Warren also said.

On Wednesday, Warren and her staff were reevaluating her campaign after a disappointing Super Tuesday in which she didn’t win a single state – including her own home state of Massachusetts.

Warren secured just 28 Super Tuesday delegates – an abysmal total compared to Biden’s 380 and Sanders’ 328.

“Last night, we fell well short of our viability goals and projections, and we are disappointed in the results,” Warren’s campaign manager, Roger Lau, said in a statement on Wednesday. “Elizabeth is talking with our team to assess the path forward.”

Michael Bloomberg also suspended his campaign on Wednesday and publicly endorsed Joe Biden.

It’s not yet clear who Elizabeth Warren plans to endorse.

Warren’s platform had focused on her “Medicare for All” healthcare plan, which her own campaign projected would cost $52 trillion over the next decade.

To account for some of the costs, Warren released a list of sources where the funding would come from. Several trillion was expected to come from reducing payments to hospitals and doctors, despite analysts determining that doing so would cause hospitals to “operate at a loss,” the New York Times reported.

The majority of the funding was expected to come from significant tax increases, including $2.9 trillion from corporate taxes, $2 trillion from new capital gains taxes, $1 trillion from a new wealth tax, and more.

President Trump, a vocal critic of Warren’s, tweeted about her dropping out the race.

“Elizabeth ‘Pocahontas’ Warren, who was going nowhere except into Mini Mike’s head, just dropped out of the Democrat Primary…THREE DAYS TOO LATE. She cost Crazy Bernie, at least, Massachusetts, Minnesota and Texas. Probably cost him the nomination! Came in third in Mass,” he said.