envelope math indicates that at his current spending rate, michael bloomberg will spend roughly $200 million by the iowa caucus. >> yep. >> or you could have had the senate. rick? >> mm-hmm. i call this the bonfire of the billionaire vanities. these guys -- tom steyer and mike bloomberg are in this race. if they want to be rid of trump, if they want to really do something effective with all that money burning a hole in their pocket, they'd be out spending $200 million to register voters, in the swing states in ohio, pennsylvania, arizona, wisconsin, hammering donald trump to a bloody, flat, greasy pulp on the highway with ads. but you've got mike bloomberg spending money in los angeles and new york city and miami on television ads right now. and the burn rate is spectacular, and i don't think it's going to move them much farther than they are right now. tom steyer has been spending money like a madman for seven or