Trump says Bloomberg is 'wasting his money' on 2020 campaign

Trump says Bloomberg is 'wasting his money' on 2020 campaign

President TrumpDonald TrumpSanders calls out Manchin, Sinema ahead of filibuster showdown Laura Ingraham 'not saying' if she'd support Trump in 2024 The Hill's 12:30 Report: Djokovic may not compete in French Open over vaccine requirement MORE on Wednesday said Democratic presidential candidate Michael BloombergMichael BloombergBiden's Jan. 6 speech was a missed opportunity to unite the nation Democrats must face the reality of their Latino voter problem Invest in kids and families now so that someday I'll be out of a job MORE is “wasting his money” by pouring hundreds of millions of dollars into ads targeting the president.

Trump downplayed the political impact of the spending spree in an interview with Fox Business Network, though he has swiped at Bloomberg repeatedly in recent weeks in an indication the former New York City mayor has held his attention.

“Right now, it doesn’t have any impact. He’s wasting his money,” Trump said Wednesday from Davos, Switzerland. “He’s not going to win because he can’t. He’s a terrible speaker. He can’t speak properly, and he’s not a charismatic guy.”

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Trump quipped that Bloomberg is "making a lot of my broadcaster friends wealthy."

Bloomberg, who entered the Democratic primary race later than most other candidates, is not on the ballot in early primary states. But the billionaire has flooded the airwaves with advertisements touting his record and hammering Trump.

Bloomberg has spent more than $225 million on ads since entering the race in late November, according to Advertising Analytics. 

After the Bloomberg campaign announced Tuesday it had reserved 60 seconds in airtime for a Super Bowl ad, the Trump campaign responded by purchasing its own slot during the game.

Trump has tweeted multiple times about Bloomberg, complaining about his ads, which criticize the president on health care, and deriding the former mayor's spending spree as a "vanity project."

Bloomberg has vowed to continue using his deep pockets to help the Democratic nominee defeat Trump, regardless of whether he wins the nomination.