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Statement of Michael R. Bloomberg on President Joe Biden’s Decision Not to Seek Reelection

President Joe Biden’s lifetime of honorable public service deserves the respect of all Americans, no matter their party. Stepping aside from this campaign is an act of selflessness that only a great patriot would do. No matter what happens in November, history will record that he put the country’s interests ahead of his own to defeat a candidate who has always put his own interests ahead of the country’s, as the aftermath of the 2020 election proved in such a disgraceful and dangerous fashion.

Democrats now have a chance for a fresh new start, and while some elected leaders and party officials make their endorsements, there are still four weeks before the party’s more than 4,000 delegates convene in Chicago. That is more than enough time for the party to take the pulse of voters, especially in battleground states, to determine who is best positioned to win in November and lead the country over the next four years. We don’t need to get a resolution right away, but we do need to get it right. The decision is too important to rush, because the election is too important to lose.

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