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Posted: 2020-02-15T08:32:45Z | Updated: 2020-02-15T08:32:45Z

The veteran ABC news anchor on Friday endorsed the billionaire media moguls run for president, telling CNN s Anderson Cooper he believed Bloomberg was the best-suited Democratic candidate to take on Donald Trump in November.

Donaldson acknowledged how, as a working reporter in Washington for 52 years, hed never given money to candidates or registered for a political party.

But times had changed and he now felt compelled to act because we are in the grip of a sick, ignorant man, Donaldson explained.

Hes mean, hes corrupt and if we dont get this right, we may lose the things that have made this country the best place to live in the world and that shining city on the hill that Ronald Reagan used to talk about which was the envy of the world, he added.

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Donaldson later dismissed concerns that Bloomberg was attempting to buy the presidency, saying he wouldnt be beholden to anyone because hes putting his own money in, and played down the anger over the stop-and-frisk policing strategy that was used during Bloombergs time as New York mayor.

Check out the clip here:

\"I think Mike Bloomberg is best-suited to take on Donald J. Trump.\"

Fmr. ABC News anchor Sam Donaldson explains his decision to support Bloomberg in 2020, saying of Trump, \"We are in the grip, Anderson, of a sick, ignorant man.\"https://t.co/pLTZELMKX0 pic.twitter.com/0Qt0q2aKgp

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"I think Mike Bloomberg is best-suited to take on Donald J. Trump."

Fmr. ABC News anchor Sam Donaldson explains his decision to support Bloomberg in 2020, saying of Trump, "We are in the grip, Anderson, of a sick, ignorant man."https://t.co/pLTZELMKX0 pic.twitter.com/0Qt0q2aKgp

Anderson Cooper 360 (@AC360) February 15, 2020