Bloomberg Out: Billionaire suspends US presidential campaign

0
188

Michael Bloomberg, who spent hundreds of millions of dollars to self-fund his 2020 presidential run, announced Wednesday that he is suspending his campaign after a poor performance on Super Tuesday, according to a source familiar.

The state of play

Bloomberg opted to skip campaigning in early states, staking his candidacy on a string of Super Tuesday victories to launch him to frontrunner status, but that plan was ultimately felled by the resurgence of Joe Biden’s campaign.

  • Pete Buttigieg and Amy Klobuchar both exited the race between the South Carolina primary and Super Tuesday and chose to back Biden — along with Beto O’Rourke.
  • On Super Tuesday, Biden scored surprise victories in states like Texas, Massachusetts and Minnesota — and racked up huge wins across the South.
  • While Bloomberg was viable in multiple states, he didn’t win any — and his only victory was in the territory of American Samoa.

The big picture

Bloomberg’s self-funding drew backlash from an increasingly progressive party that is sceptical the role of big money in politics. Bloomberg was one of two billionaires in the race, joined by Tom Steyer, who dropped out over the weekend.

  • Bloomberg’s record as mayor of New York City drew controversy, particularly his support of stop-and-frisk. He apologized for the policy in November, acknowledging that it unfairly targeted people of colour.
  • He faced criticism for his use of non-disclosure agreements after being accused of harassment and gender discrimination by former female employees of Bloomberg LP.
  • He also faced an ethical conflict related to his ownership of Bloomberg News. The eponymous founder refused to allow his company’s journalism arm to investigate him as a candidate, forcing it to extend that policy to all 2020 Democrats.

Bloomberg moved to directly take on President Trump from the start of his run. Both campaigns took out 60-second ad slots during the Super Bowl, and Bloomberg became a repeated target of Trump’s tweets.

  • Trump gave Bloomberg a signature nickname — “Mini Mike” — and said he “is going nowhere, just wasting his money.”

What’s next

Bloomberg has pledged to pay his massive staff to continue to work through November to support whoever becomes the eventual Democratic nominee.


If you are happy to be contacted by a Leakblast journalist please leave a telephone number that we can contact you on. In some cases a selection of your comments will be published, displaying your name as you provide it and location, unless you state otherwise. Your contact details will never be published. When sending us pictures, video or eyewitness accounts (CLICK HERE) ,at no time should you endanger yourself or others, take any unnecessary risks or infringe any laws.

Thanks for Reading via the most updated news portal

About Leakblast.com

Share your story with us

Advertise With us

Encourage & Support LeakBlast

Feel free to contact us

Call Us:+234(0)9073726403
Get us on Whatsapp: +234(0)8181166425      
Email Us: editors@leakblast.com

SUPPORT LEAKBLAST JOURNALISM OF INTEGRITY AND CREDIBILITY

Good  journalism costs a lot of money.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble Endeavor.

By contributing to LeakBlast, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Support LeakBlast

LEAVE A REPLY

Please enter your comment!
Please enter your name here