Billionaire businessman and the former mayor of New York City, Michael Bloomberg has said that America is in danger of being lost under President Donald Trump's leadership and urged Americans to vote for Joe Biden and his running mate Kamala Harris in the November presidential election.

Addressing the final day of the virtual Democratic National Convention on Thursday night, Bloomberg backed Biden and the Indian-American vice presidential nominee Harris.

Bloomberg says, “Four years ago, I came before this very convention and said New Yorkers know a con when we see one. But now, tonight, I’m not asking you to vote against Trump because he’s a bad guy. I’m urging you to vote against him because he’s done a bad job.”

“Joe Biden and Barack Obama created more jobs over their last three years than the Trump administration did over its first three, and economic growth was higher under Biden and Obama than under Trump. In fact, while Biden helped save 1 million auto industry jobs, Trump has lost 250,000 manufacturing jobs,” he added.

"When confronted with the biggest calamity any president has faced in the modern era, Donald Trump spent the year downplaying the threat, ignoring science, and recommending quack cures, which let COVID-19 spread much faster than it should've, leaving hundreds of thousands needlessly sick or dead. He has failed the American people, catastrophically," he said.

He also said that if small business owners and their employees would not rehire or work for someone who ran a business into the ground, or whose reckless decisions put people in danger, "and who spends more time tweeting than working?!? then "why the hell would we ever rehire Donald Trump for another four years?!?

“So let’s put an end to this whole sorry chapter in American history — and elect leaders who will bring integrity, stability, sanity, and competence back to the White House,” Bloomberg said.