 So I want to talk about something that really demonstrates how far we've fallen in terms of Democracy because we have two billionaires not one but two billionaires running in the Democratic Party primary To win the nomination to compete against our billionaire president like we need to really not let that fact get lost on us because This is horrible for democracy and we know that the strategy of individuals like Tom Steyer and Michael Bloomberg is to overwhelm the airwaves with ads right spend lots and lots of money So that way you boost your name recognition and you make yourself seem more viable and Electable and you get your message out there you overwhelm people now to the degree that that actually will be effective It's up in the air because currently in New Hampshire I just talked about how Tom Steyer's ads have been running so frequently that they are literally irritating people in New Hampshire They have them memorized but with that being said Mike Bloomberg I don't necessarily know if his strategy will be more conducive to success But when you look at aggregate polling data from real clear politics, he's polling at 5% and he surpassed Andrew Yang He is just behind Pete Buttigieg. So whatever he's doing. It's Working out fairly well right at least nationally now He's not going to compete in early primary states like Iowa and New Hampshire, but nationally he is seeing some success now The question is how much money is he spending? We know he's trying to buy the election, but how much money is he putting into this CNN's David Wright? Breaks it down Michael Bloomberg has crossed the $100 million mark on TV advertising according to data from Kantar media Bloomberg is spending 20.4 million on TV ads this week with 17.4 million booked for next week his total spend now at 100.6 million across just five weeks of advertising now How does that stack when compared with the other candidates? Well TV ad spend by 2020 Dems through the week of 12 17 Bloomberg 100.6 million Steyer 81.2 million and then in third is Barney Sanders with 8.6 Million so let's just pause for a second and we'll get back to that tweet but Billionaires are spending upwards of 80 million dollars and then the next person in the race is spending 8 million That discrepancy there is huge Their message is getting out simply because they have more money And it's getting out more than everyone else because they have money as much as I loathe Joe Biden and Pete but a judge at least they're trying to compete in a genuine Democratic way, right? They're still corrupt. They're taking money from billionaires But they're not just outright buying this election or trying to buy this election 100 million 81 million to 8 million This should not be legal We cannot have a functioning democracy if people are able to do this if they can just effectively Buy name recognition now back to that tweet So we have Bernie with 8.6 million next is Buttigieg with 7.2 million Yang with 4.7 million Biden with 2.2 million war with 1.9 million Klobuchar with 1.8 million Bennett with 1.1 million and Gabbard with 1 million now on top of that We have people spending less than 1 million and that includes Delaney with $662,000 also trying to buy this election, but you know, he's not a billionaire He's a multi-millionaire. So he hasn't had much success there We have Castro with 49,000 Williamson with 972 dollars and then Booker and Deval Patrick with zero dollars and even super PACs are being outspent by Billionaires we have unite the country for Biden spending 624,000 and united we win with Booker spending $200,000 so even the super PACs with dark money are not able to keep up with billionaires and how much money they are flooding into this race Mike Bloomberg is someone who doesn't even have real ideas He's not running on any specific policy neither is Tom Steyer. His entire thing is being against Donald Trump Right and saying I support term limits, but that's not actually a policy proposal I support term limits too But if you're not opting for structural reform and policies that impact working people Then it shows that you can't represent them because you're out of touch and you don't know what they need And billionaires of course are out of touch now Mike Bloomberg is even worse than Tom Steyer because he has no message whatsoever other than i'm a centrist And since Joe Biden is failing, let me be the democratic party's new savior now Of course, that's not what he's saying explicitly, but of course that is his intention and that is the message that the mainstream media is um It's promoting and let's not discount How they're part of the problem on top of what he's already spending he's getting free advertising Mike Bloomberg as well as Tom Steyer They're getting free advertising because the media takes them seriously because They're billionaires. It was the same thing with Howard Schultz CNN gave him his own town hall before he even announced That he'd be running and it turns out he's not going to run But they gave him his own town hall We take people who have a lot of money seriously because in a capitalist system Money equals power and it's disgusting if you want to live in a democracy Then you have to push back against this because this is antithetical to democracy So I don't really have much commentary Here because I think that this speaks for itself the fact the the numbers It just it says everything you need to know Billionaires are spending far more than all the other candidates combined and it's absolutely Unacceptable this should be illegal