Fellow coffee magnate slams Howard Schultz: ‘He’s out of his depth on a vanity run for the presidency’

The backlash against an independent presidential bid by billionaire Howard Schultz continued on Tuesday with a fellow coffee magnate slamming his campaign.

Todd Carmichael, the co-founder of La Colombe Coffee Roasters blasted Schultz in an interview with Politico.

“I first met Howard in 1984 and he’s done a lot for coffee, but right now he’s out of his depth on a vanity run for the presidency,” Carmichael explained.

Democrats have worried a Schultz bid would help reelect President Donald Trump. That mindset was cemented on Monday when Trump admitted he was trying to goad Schultz into running.

Earlier on Tuesday, Schultz campaign consultant Bill Burton was slammed for pushing the spoiler bid on MSNBC.

"Of course a billionaire would complain about a tax on billionaires, but it doesn’t mean it’s good policy for America," Carmichael explained.

"I am not afraid to say that I want to be taxed more,” he said. “I want better schools. I want people to have better access to health care."

Carmichael is backing the campaign of Sen. Elizabeth Warren (D-MA).