Both former New York City Mayor Mike Bloomberg and philanthropist Tom Steyer have defended their heavy spending.
More than half of Democrats say they believe billionaire candidates running for the chance to unseat President Donald Trump in the upcoming 2020 election are having a negative impact on the primary race, according to a new poll.said they feel that billionaire candidates former New York Mayor Mike Bloomberg and philanthropist Tom Steyer are"hurting" the primary race by funneling their riches into their campaigns.
So far, Bloomberg has already managed to spend a record-breaking half-a-billion dollars of his personal wealth on advertising. Steyer, meanwhile, has put more than $250 million into his campaign.Fellow Democratic hopefuls with far less personal wealth to invest in their campaigns have hit out at the two billionaire contenders over their spending.
Both Bloomberg and Steyer have defended their spending, with the former telling Reuters in January that getting"rid of Trump" would be well worth the money spent in his effort to unseat the president.Bloomberg, who has funneled millions into his campaign ahead of Super Tuesday Democratic presidential candidates former New York City Mayor Mike Bloomberg, former South Bend, Indiana Mayor Pete Buttigieg, Sen. Elizabeth Warren , Sen. Bernie Sanders , former Vice President Joe Biden, Sen. Amy Klobuchar , and Tom Steyer arrive on stage for the Democratic presidential primary debate at the Charleston Gaillard Center on February 25, 2020 in Charleston, South Carolina.
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