WHAT YOU NEED TO KNOW:
- Democratic presidential contender Andrew Yang drops out of the 2020 race following poor results in the primary in New Hampshire.
- Yang is known for his “freedom dividend” campaign where he planned to give every American adult $1,000 a month.
- This plan generated enough buzz online which helped bring about donors and polling numbers that allowed him to participate in the first six debates.
Democrat Andrew Yang has announced Tuesday that he is suspending his 2020 bid after an unsatisfactory finish in New Hampshire’s primary.
One of the breakout stars of the Democratic primary race, the 45-year-old entrepreneur created a buzz for his presidential campaign during his run by promoting his signature issue of universal basic income dubbed as the ‘freedom dividend,’ that would enable every American adult to receive a monthly $1,000 check.
Although his statement raised questions at the time about whether he was attempting to buy votes, it helped build a large following online which quickly grew to generate enough donors and polling numbers that helped him qualify for the first six debates.
His year-long campaign even outlasted members of Congress and governors who eventually dropped out.
After initially funding his own campaign, he went on to raise more than $16 million during last year’s first quarter, bigger than most of his rivals except leading candidates like Vermont Sen. Bernie Sanders, former South Bend Mayor Pete Buttigieg, former Vice President Joe Biden and Massachusetts Sen. Elizabeth Warren.
Yang, a Brown University and Columbia Law School graduate, often filled his campaign speeches with statistics and studies when discussing the grim outlook for American jobs and communities. His supporters, known as the Yang Gang often wore blue hats and pins with the word MATH, which is short for Make America Think Harder, Yang’s campaign slogan.
His high poll numbers and fundraising strength led him to qualify for all of the 2019 debates but was lacking in qualifications set by the Democratic National Committee to join the January debate in Iowa. He qualified however for the New Hampshire debate in February.
After spending most of January in the leadoff caucus state, Yang told voters that his results in Iowa would ‘shock the world.’