Michael Bloomberg isn't just outspending President Trump in Florida. He's dragging the president into a "money pit," a former a former Florida Democratic Party spokesman tells Politico.
After his brief and pricey failed presidential run, the former New York City mayor threw his support and his billions behind Democratic nominee Joe Biden. Bloomberg has specifically focused on the critical swing state of Florida, pledging to spend at least $100 million there, mostly on TV ads, to boost Biden's candidacy. Both Republicans and Democrats aren't quite sure why Bloomberg is spending so much on TV versus social media and voter outreach. But Max Steele, a former Florida Democratic Party spokesman, tells Politico the point is rather to "keep [Trump] mired down" because "Florida is a money pit."
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