Jesse Watters said Wednesday on "The Five" that billionaire liberals Howard Schultz and Michael Bloomberg are trying to engage in "genuine political fellowship" with Democrats, but are being rebuffed.

Watters said Schultz, the former CEO of Starbucks, and Bloomberg, a media magnate and former mayor of New York City, are both making economic arguments that "conservatives have been making about socialism for decades."

Instead of responding with factual rebuttals, Watters said, "all [liberal Democrats] have is 'shut up, billionaires.’"

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"[Schultz and Bloomberg] know a little something about supply and demand," he added.

Watters said that by not engaging constructively with the two men, Democrats are effectively "ceding the entire middle of the country to Republicans."

"And, Republicans don't even have to do anything," he said.

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