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Billionaire presidential candidate Michael Bloomberg has spent $46 million and counting on campaign advertisements in California.

The next highest-spending billionaire candidate is Tom Steyer, who only spent $26 million or so on ads in the state.

By comparison, Bernie Sanders has spent a little over $5 million on campaign ads in California.

Last I checked, Mike Bloomberg was polling worse than the convicted felon and wildfire-causing utility, PG&E.

Which shows you don’t necessarily get what you pay for when it comes to campaign ads.

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