Bloomberg drops out, backs Biden in Democratic presidential race

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Bloomberg drops out, backs Biden in Democratic presidential race
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Billionaire former New York mayor has spent more than US$500 mil on failed ad campaign. FMTNews Bloomberg

failed to deliver convincing wins in his electoral debut.

Bloomberg was winning more than 15% of the vote, enough to pick up some delegates, in Tennessee, Texas, Colorado, Utah, California and Arkansas. He hired thousands of staff and mounted a vigorous national tour focused on the 14 states that voted on March 3. Bloomberg was assailed for his spending despite his pledge to use his personal fortune to support the eventual Democratic nominee, whoever it was. Bloomberg apologised for stop-and-frisk a few days before he announced his candidacy.

Bloomberg’s political fortunes initially rose after Biden, who led in public opinion polls during much of 2019, performed poorly in the first three nomination contests: Iowa, New Hampshire and Nevada.

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