Preston Ehrler/SOPA Images/Zuma

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.

Michael Bloomberg, the billionaire philanthropist and winner of just a handful of delegates, has withdrawn from the Democratic presidential race. He endorsed Joe Biden.

“I’m a believer in using data to inform decisions,” Bloomberg said in a statement on Wednesday morning. “After yesterday’s results, the delegate math has become virtually impossible—and a viable path to the nomination no longer exists.”

The former New York City mayor invested more than $500 million of his own money in an effort to become the consensus candidate for a fractured party, but he instead found himself flayed onstage during a pair of debates—most prominently by Sen. Elizabeth Warren (D-Mass.).

No matter where you looked during the feverish weeks of the primary season, Bloomberg was there, with social media influencers shaping the debate online and a half-billion-dollar TV ad campaign seeking to convince voters to send him to the White House.

But Bloomberg’s record as mayor and his behavior toward women at his company dogged his campaign from the outset. During his three terms in city hall, Bloomberg embraced the use of discriminatory policing practices, including the NYPD’s notorious use of stop-and-frisk searches. He had a history of making sexist comments about women in his workplace and received fierce criticism for the number of female former employees who were bound by nondisclosure agreements.

Despite his self-professed adherence to data-based decision-making, Bloomberg gravely miscalculated how far money would get him in this campaign. Turns out, it’s harder to buy the presidency than it seems.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate