Bloomberg Drops Out After Super Tuesday Gambit Goes Up In Smoke

Democratic presidential candidate and former New York City mayor Mike Bloomberg participates in a Fox News town hall on March 2, 2020 in Manassas, Virginia. (Photo by Joe Raedle/Getty Images)
Start your day with TPM.
Sign up for the Morning Memo newsletter

This is what $500 million will get you.

Former New York City Mayor Michael Bloomberg announced on Wednesday that he was ending his campaign after failing to yield the Super Tuesday votes he had been banking on to jumpstart his self-funded campaign.

“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.”

The announcement included an endorsement of Joe Biden, whom Bloomberg said has “the best shot” at winning the White House.

Naturally, President Donald Trump gloated over Bloomberg’s demise.

“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,” Trump tweeted. “Now he will pour money into Sleepy Joe’s campaign, hoping to save face. It won’t work!”

The former mayor did initially manage to climb to third place in the polls after pouring millions of dollars into a targeted ad blitz (a total of $505.8 million by February 24), but his rise didn’t last long.

Dogged by his racist stop-and-frisk policy as mayor, the NDAs he had his female employees at Bloomberg LP sign on their allegations of sexual harassment, and a host of other scandals, Bloomberg was soon put in a precarious position.

Then came the debates, during which the billionaire was veritably flayed onstage by his rivals, particularly Sen. Elizabeth Warren. His feeble performances further sunk his campaign, and in the end, he could only claim one lone victory on Super Tuesday: American Samoa.

Latest News

Notable Replies

  1. Shutting down his campaign will slow the economy.

  2. No hard feelings from me, as long as Bloomberg points his moneyhowitzer in the dotard’s direction. And I think he will.

  3. The Establishment will probably succeed with it’s coordinated effort to stop Bernie, by continuing to prop up Biden. Who will then lose badly to Trump. It’s 2016 all over again.

  4. So it turns out the Democratic Party wasn’t for sale after all. At least not in the parochial sense.

  5. Yeah, that damned ‘Establishment’.

Continue the discussion at forums.talkingpointsmemo.com

438 more replies

Participants

Avatar for economides Avatar for sniffit Avatar for ralph_vonholst Avatar for theghostofeustacetilley Avatar for schmed Avatar for thunderclapnewman Avatar for tena Avatar for misterneutron Avatar for castor_troy Avatar for redemptionsong Avatar for asturcot Avatar for michaelryerson Avatar for spin Avatar for woland66 Avatar for cub_calloway Avatar for kelaine Avatar for erik_t Avatar for enn Avatar for seamus42 Avatar for heartflow Avatar for paul_lukasiak Avatar for rockitttla Avatar for Psych Avatar for Kinney

Continue Discussion
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: