One of the wealthiest people running for public office appears to be content with losing his cash savings at the next election.

Democratic presidential candidate Michael Bloomberg has confirmed he is willing to spend up to $1 billion to make sure President Donald Trump does not win the general election on Nov. 3. The former New York mayor also does not mind if he ends up penniless in the process and without a nomination from the Democratic Party.

“Number one priority is to get rid of Donald Trump,” Bloomberg said according to Reuters. “I’m spending all my money to get rid of Trump.”

He has budgeted $37 million for advertising on national television and spent more than $155 million on political advertising according to Breitbart

Rice University political scientist Mark Jones confirmed Bloomberg, who has an estimated net wealth of $58.4 billion, has already spent more than $15 million on targeting Texas voters in Dallas and Houston through to mid-January. This amount is more than what front running Democratic Party candidates spent in total during 2019 based on the Wesleyan Media Project’s analysis of Kantar/CMAG television ad data in mid-December.

Bloomberg also intends to broadcast a 60-second television commercial during the 2020 Super Bowl in Miami, Florida, on Feb. 2.

“You can’t get to 330 million people by shaking hands,” he said according to Reuters. “Television is still the magic medium. If the Super Bowl was not a place to get to an awful lot of people they would not be charging a lot, or nobody would be paying it. This is capitalism at work.”

Fellow Democrats responded to the compulsive spending by accusing the candidate of trying to pay his way into the Oval Office instead of using solid election policies to win more votes. Sen. Elizabeth Warren (D-Mass.) criticized Bloomberg for launching a $37 million television advertising campaign because he appeared to be trying to buy American democracy.

However, the candidate rejected any suggestion he was trying to buy the presidency and challenged his critics to state their demands.

“These are just political things they say, hoping they catch on and they do not like me doing it because it competes with them, not because it is bad policy,” he said. “Do you want me to spend more or less? End of story.”

Bloomberg, who public opinion polls rank fifth, predicts Trump will beat Warren, Sen. Bernie Sanders (D-Vt.), former Vice President Joe Biden, and South Bend former Mayor Pete Buttigieg because their policies are too liberal.

“Whether you like it or not, you cannot win the election unless you get moderate Republicans to cross the line,” the candidate said. “The others are much too liberal for them and they would certainly vote for Donald Trump.”

Bloomberg is hoping voters will realize “moderate Republicans” will accept his leadership even though he resigned from the Republican Party in 2007.


Sign up to receive our latest news!

By submitting this form, I agree to the terms.