Andrew Yang Drops Out of Democratic Presidential Race

Andrew Yang speech in NH

Tech entrepreneur Andrew Yang on Tuesday ended his bid for the White House, making the announcement during a speech to supporters in Durham, New Hampshire.

Yang suspended his campaign after initial results in New Hampshire’s first-in-the-nation presidential primary indicated a second straight disappointing finish for the first-time candidate.

“While there is great work left to be done — you know I am the MATH guy — it is clear tonight from the numbers that we are not going to win this race. I am not someone who wants to accept donations and support in a race that we will not win,” Yang told supporters. “And so tonight, I am announcing I am suspending my campaign for president.”

The end of the campaign was not totally unexpected: Yang had already let go of dozens of campaign staffers last week in the wake of a lackluster finish in Iowa’s caucuses.

A senior Yang campaign adviser told Fox News that “the math was relentless. We needed to do better in one of both of the first two states and we didn’t get it.”

Though he didn’t make it past the two early voting states, Yang’s rise is remarkable for someone who was hardly famous before entering the race.

When Yang declared his candidacy two years ago, he was the longest of long shots for the Democratic nomination. But last year, thanks to the popularity of his proposed “Freedom Dividend” – a universal basic income that would pay each adult American $1,000 per month – and his unconventional and energetic approach to campaigning, Yang soared to middle-tier status in the polls. And his fundraising figures surged as well late last year early this year.