ALBUQUERQUE, JULY 21—Today, after weeks of consistently proclaiming he's not dropping out and will be the Democratic nominee, President Joe Biden announced in a statement that he is dropping out of the presidential race. Joe Biden also announced shortly after that he is endorsing Kamala Harris for President.

The Republican Party of New Mexico Chairman Steve Pearce issued the following statement in response:

"New Mexico Democrats have been betrayed and lied to by the Democratic Party. Democrats have spent 3 1/2 years claiming Trump will destroy democracy. Now, by forcing Biden out without any legal framework to do so, Democrats have shown they have no respect for democracy and that their criticisms of Trump are simply projection and gaslighting.

"In a desperate bid to hold onto power, the elites have managed to undermine the votes of 111,049 New Mexicans who supported Joe Biden in this year's primary, only to install a new ticket. New Mexico Democrats have been cheated of their voice and the democratic process.

"Yesterday, we saw reports of big donors refusing to fund candidates, including Senator Martin Heinrich, if they didn't call on Biden to drop out of the race. What has become increasingly clear is the Democratic Party favors the opinions of billionaires and party elites over the voices of New Mexicans. This is not the party of democracy. There is nothing White House insiders didn't know about Biden's fitness and ability to lead for at least a year, which they know now. They simply couldn't hide it from the public any longer.

"Today, Biden's handlers also announced that they endorse Kamala Harris for president. Kamala Harris would be just as ineffective as President as she was in her role as the so-called Border Czar. What is clear is Republicans in New Mexico and nationwide are strongly united and enthusiastic about electing President Trump and every Republican up and down the ballot to get our state and country back on a prosperous and secure path."