Success Leads To Political Donations For George Soros

George Soros is often described as one of the most influential political donors in the U.S. after his role in backing Senator John Kerry for President in 2004 was revealed to the public. Soros provided former Secretary of State Kerry’s campaign with over $27 million in financial backing after he made the decision to fight against a rising level of right-wing activism making its way into The White under then President George W. Bush; Soros has always been willing to speak his mind to the public and press when he believes the security of the world is being threatened in a range of different ways. In 2004, George Soros became concerned a totalitarian regime was seizing power in the U.S., as was seen in the invasions of Iraqw and Afghanistan under the cover of securing the world against the threat of global terrorism.

In 2016, the parallels have been drawn on many occasions by George Soros between the Presidency of George W. Bush and the potential for a Donald Trump presidency. The fear George Soros expressed at the state of global affairs and the fight against terrorism should President Trump take office prompted his backing of Democratic nominee Hillary Clinton, according to Politico. The Octogenarian had not played a major role in the previous two elections after becoming disillusioned by the policy choices made by President Barrack Obama after he won the nomination for his party in 2008. The Clinton campaign was given a major boost by the return of George Soros to political giving as he is well known as a beacon for other billionaire investors to follow when he decides to make an impact on the U.S. political scene.

In providing an estimated $25 million directly to the Clinton campaign and to the PAC’s and Super PAC’s supporting her, George Soros made clear to the world his belief this was an important election the Democrats could not afford to lose.Forbes reports George Soros has a personal fortune of over $25 billion in 2017 and uses this to make his presence felt in both the political and philanthropic world. Despite being a major donor to Democrats the man known for breaking the Bank of England in 1992 is well known for his opposition to the Citizens United decision allowing almost unlimited funding to be provided to political parties and candidates by wealthy donors; Soros has gone so far as to provide his personal backing for the End Citizens United PAC during the 2016 Presidential Election cycle. End Citizens United operates as a traditional PAC allowing George Soros to make a maximum annual donation of just $5,000 to support the campaign.

Leave a Reply

Your email address will not be published. Required fields are marked *