KEY POINTS

  • The war between Trump and Bloomberg continues unabated
  • Trump calls Bloomberg's massive spending "an illegal campaign contribution"
  • Bloomberg keeps on spending because he promised, "I'm running to defeat Donald Trump"

President Donald Trump took shots at the former NYC mayor, Mike Bloomberg and his $62 billion fortune claiming he's “illegally” buying the Democratic nomination for president. He again ranted about Mike's height.

Bloomberg is estimated to have spent over $400 million on a wave of TV campaign ads, social media campaigns and publicity projects all aimed at winning the nomination as the Democratic Party's presidential candidate in November. Bloomberg only announced his candidacy on Nov, 24, 2019, meaning he's spent some $100 million every month since December. His total spending is ten times larger than that of frontrunner Sen. Bernie Sanders, I-VT, who also happens to be the top fundraiser among the eight men and women still in contention for the nomination.

Trump tweeted Tuesday what Bloomberg is doing by spending so massively is "nothing less than a large scale illegal campaign contribution. He is ‘spreading’ money all over the place, only to have recipients of his cash payments, many former opponents, happily joining or supporting his campaign. Isn’t that called a payoff?”

He accused Bloomberg of "illegally buying the Democrat Nomination." He also repeated his claim the Democratic Party is trying "again" to take the election away from Sanders in a bid to sow discord among Democrats. Trump also sleighted Bloomberg for his height.

There's nothing illegal with spending a lot of money to win a political campaign for elective office, according to the law. Federal candidates that fund their own campaigns don't face any restrictions on how much they can spend of their own money to win an election.

Bloomberg has often said he isn't afraid of Trump, whose $2.5 billion personal wealth on its own can't sustain a hugely expensive presidential campaign. Driving Bloomberg is the vow he made when he declared his candidacy: "I'm running to defeat Donald Trump."

The personal animosity between both billionaires, who were once on a first-name basis, has intensified. On February 13, Trump derided Bloomberg as a “mass of dead energy” and “a loser” in a series of tweet rants.

To which Bloomberg tweeted: "@realDonaldTrump - we know many of the same people in NY. Behind your back they laugh at you & call you a carnival barking clown. They know you inherited a fortune & squandered it with stupid deals and incompetence. I have the record & the resources to defeat you. And I will."

US presidential candidate and former New York mayor Michael Bloomberg is one of the richest men in the world US presidential candidate and former New York mayor Michael Bloomberg is one of the richest men in the world Photo: AFP / JEFF KOWALSKY