After spending hundreds of millions of dollars of his own money in an unprecedented effort to buy his way into the White House, former NYC Mayor Michael Bloomberg is dropping out of the race.

Bloomberg entered the race in November, well after his rivals had established their platforms, and eschewed early voting states to focus on advertising in Super Tuesday states.

As we expected, his over-spending didn’t make up for his late entry or his unpopular platform. And it didn’t make voters forget about his controversial moves as NYC Mayor.During the race, Bloomberg portrayed himself as a nonideological executive with the resources and experience needed to defeat President Trump – a stance that ultimately failed to attract support from moderate Dems, from dissatisfied Republicans, and from young voters hoping for a progressive win.

Despite spending $215 million on TV and radio ads in Super Tuesday states, Bloomberg failed to win a single state (although he did come out on top in American Samoa).

“After yesterday’s results, the delegate math has become virtually impossible – and a viable path to the nomination no longer exists,” said Bloomberg. “I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterday’s vote, it is clear that candidate is my friend and a great American, Joe Biden.”

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