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Biographical spot. the steyer ads a series of them, more than any other candidate setting up issues like term limits, calling washington broken in some ways emphasizing the throw your hands up, everything is corrupt in washington any way messaging that cuts against democrats. were they offering a certain amount of political cover for democrats in vulnerable districts who maybe didn t want to be wanted to promote the idea of impeachment but didn t want to be the one doing it when you have steyer out with those ads, when you have bloomberg potentially helping to fund ads against the president. you can say it s coming from over here, over here it s not really coming from me directly. well, steyer beginning of this congress had sent people before this, 2017, had sent members of congress books on impeachment signed by him to get them motivated. he had what he seemed to be a conversation between himself and these new members. ....
Come spend their money on themselves. democrats in the that are running for president obviously. but at the same time happy to take their money on attacking the president in various states. well, they obviously can t tell steyer or bloomberg how to spend their money, but they had gotten use to, i think, a certain size cushion of money that both steyer and bloomberg were providing for years. bloomberg spent $100 million on campaign ads for democrats in swing districts in 2018. tom steyer spent several years in 2017 on a need to impeach campaign as well as next gen the voter outreach organization. both of those organizations still exist. but they re not tom steyer s only mission anymore and they have taken less precedence than his campaign ads, which in addition to not being about impeachment, they re just not they re not really part of this at all. the bloomberg commercials are introducing him in a typical ....
Expense. check out this new analysis this morning. top spenders by far, steyer, bloomberg and trump. they re dwarfing bernie sanders and elizabeth warren. it s especially in stark contrast to warren and standards who are living on grass roots ads. the big money and bloomberg s late entry quickly became fodder for the campaign trail. michael bloomberg is making a bet about democracy in 2020. he doesn t need people, he only needs bags and bags of money. i have nothing personal against mr. bloomberg. i really don t. but what does disturb me is the arrogance of the billionaire class. nbc news road warrior ali vitali is in phoenix, arizona. ....
Or torpedo bluelizabeth warren? probably a little bit of both. he always wanted to be president. anti-tobacco let s see, let s see, stopping the illegal guns, climate change, these are real things and coming up with an economy that works. he s done a lot of work in those areas. he s done a lot of philanthropy and a lot of money. right now, democratic party doesn t feel that much warmth towards billionaires. he s not doing what steyer is doing. steyer is taking smaller donations. bloomberg is shooing donations entirely. it s never going to be on the debate stage. i saw this this morning, saying it s not a good thing for him to say i m not going to take donations. it s not a good thing to cut the american public out of his campaign. there are those who say that but it would be a terrible thing ....
Candidates. got to get money out of politics. i m not going to be able to compete with the money of bloomberg or steyer, that is true. i literally believe people want something different than another wealthy person in the white house. pete: here to react is brian brenberg chair of a program in business and finance at the kings college. brian, good morning. good morning. pete: so they don t have billions, bloomberg does, is he bad for spending it? talking about we have got to get money out of politics. the reason booker and amy klobuchar don t like it they can t get money into politics. their democratic rivals can if you look at sanders and warren they raised a combined $85 million between april and september of this year. if you are in a mushy center spot klobuchar is in. bloomberg is going to push us out. this is the end of any bid we think we have. pete: a guy like bernie sanders says there shouldn t be any billionaires. so, plays into his rhetoric. ....