Billionaire Mike Bloomberg Quits 2020 Race After Disastrous Super Tuesday: Tycoon Says Winning is ‘Impossible’ and Immediately Endorses Biden – While Elizabeth Warren ‘Assesses Path Forward’

Democratic presidential contender Michael Bloomberg takes part in a gun control discussion in Aurora, Colo., on Thursday, Dec. 5, 2019. (AP Photo/Thomas Peipert)

Mike Bloomberg dramatically quit the presidential race Wednesday morning after a disastrous Super Tuesday and immediately backed Joe Biden.

The billionaire gained just 44 delegates by 10.11am, the time he announced his departure – but ran up a bill of $1 billion.

He immediately and whole-heartedly backed Biden, the night’s big winner, hinting that his vast fortune is now at the former vice-president’s disposal.

‘I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it,’ he said.

‘After yesterday’s vote, it is clear that candidate is my friend and a great American, Joe Biden.

‘I’ve known Joe for a very long time. I know his decency, his honesty, and his commitment to the issues that are so important to our country – including gun safety, health care, climate change, and good jobs.

‘Today I am glad to endorse him – and I will work to make him the next President of the United States.’

Democrats are also urging Elizabeth Warren to drop out after further pulling votes from frontrunners Biden and Bernie Sanders without winning any states – including her home of Massachusetts.

She was reported by NBC News to he holding talks with aides about ‘the path forward,’ suggesting that she too is on the brink.

And in yet another blow to Warren early Wednesday morning, Biden was declared winner in Maine, the last of the 14 Super Tuesday states to declare – and Warren did not even get the 15 per cent threshold to pick up delegates there.

In the White House Donald Trump took time out of the coronavirus crisis to send a string of mocking tweets about his richer would-be rival and notably about Bloomberg’s campaign aide Tim O’Brien. Trump had tried and failed to sue O’Brien for libel for writing in 2006 that he was not a real billionaire.

Bloomberg had been a late bloomer to the race.

Seeing the relative weakness of frontrunner Biden, and after first saying he would not run for the White House in 2020 the billionaire decided to jump in after all around Thanksgiving.

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Source: Daily Mail