Former New York City Mayor Michael Bloomberg has decided to end his presidential bid and endorse former Vice President Joe Biden to beat the President Donald Trump, but the president said, “It won’t work.”

Bloomberg quit the presidential race after just three months of jumping in, and his decision comes less than one day after the billionaire businessman underperformed on Super Tuesday, though he had spent half a billion dollars of his personal fortune on the campaign, Time reported.

“Three months ago, I entered the race for president to defeat Donald Trump. Today, I am leaving the race for the same reason: to defeat Donald Trump—because it is clear to me that staying in would make achieving that goal more difficult,” Bloomberg said in a statement on Wednesday morning, March 4.

“I’m a believer in using data to inform decisions. After yesterday’s results, the delegate math has become virtually impossible—and a viable path to the nomination no longer exists,” Bloomberg said. “But I remain clear-eyed about my overriding objective: victory in November. Not for me, but for our country. And so while I will not be the nominee, I will not walk away from the most important political fight of my life.”

In his statement, Bloomberg indicated that he would funnel resources into assisting Biden.

“I will work to make him the next president of the United States,” he said.

“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,” Bloomberg said.

Biden won the majority of the states on Super Tuesday and reclaimed his front-runner status. 

In several tweets on Wednesday, President Trump said Bloomberg failed miserably after three months entering the race to defeat him.

The president said that the billionaire will now pour money into the Biden campaign to help save his face, but “It won’t work!”

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