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Soros Gives Another $1.5M To Obama Campaign

From the New York Times:

Reversing Course, Soros to Give $1 Million to a Pro-Obama ‘Super PAC’

By NICHOLAS CONFESSORE | Thurs September 27, 2012

The billionaire George Soros is committing $1 million to Priorities USA Action, the “super PAC” supporting President Obama, two people with knowledge of the matter said Thursday, a significant donation that could help spur more contributions in the closing weeks of the election campaign…

Of course, this million (really it’s a million and a half) is on top of the untold hundreds of millions that George Soros has already given the Democrat front groups and the news media (but we repeat ourselves) over the years.

Mr. Soros, a retired hedge fund manager, will also give an additional $500,000 to two super PACs backing Congressional Democrats. Other donors at the lunch were expected to commit at least $10 million more to Democratic super PACs, suggesting that many — like Mr. Soros — had overcome their aversion to financing super PACs that focused only on advertising…

Mr. Soros is also a convicted swindler. You would think there would be laws against someone like that giving to political campaigns.

The gathering, which was headlined by former President Bill Clinton, suggested a rapprochement of sorts between progressive donors who have traditionally favored what they call “movement-building” and Democratic strategists who badly want large checks to pay for the party’s emerging super PAC apparatus, which has only recently begun to draw significant financial support, much of it from traditional party sources like Hollywood, trial lawyers and unions.

Senator Charles E. Schumer of New York and Representative Nancy Pelosi of California, the House Democratic leader, also attended the event, reflecting the growing embrace by party officials of super PACs supporting the party. The donors and officials were gathered at the Park Avenue apartment of Donald and Shelley Rubin, New York philanthropists and Obama donors who gave $1 million to Priorities USA this month…

Mr. Soros had previously given $1 million to American Bridge, a group that provides research, video and other services for its partner super PACs, and made low-six figure contributions to House Majority PAC, a group supporting House Democrats…

The influx of big money now makes Democrats full participants in the system of unlimited spending that many in their party, including Mr. Obama, have vowed to change…

What’s another broken promise among friends?

[I]n an e-mail to other invitees, Mr. Soros sought to dispel suggestions that he was unhappy with Mr. Obama. “I fully support the re-election of President Obama,” Mr. Soros said.

He had not contributed until now, he wrote, because he opposed the Supreme Court’s Citizens United decision in 2010, which paved the way for super PACs and unlimited money in politics.

Yes, things were so much better when only the Democrats’ fat cats like Soros could contribute to campaigns.

But, Mr. Soros wrote, he has become “appalled by the Romney campaign, which is openly soliciting the money of the rich to starve the state of the money it needs to provide social services.”

Because a country that has gone from spending 18% of its GDP on government under Clinton to almost 25% under Obama is ‘starving the state.’

This article was posted by Steve on Friday, September 28th, 2012. Comments are currently closed.

6 Responses to “Soros Gives Another $1.5M To Obama Campaign”

  1. dasher says:

    Spot on Steve! You hit the nail on the head! Don’t you usually take Friday’s off and put up the Hive? You’re going to have to really decompress this weekend!!

    Thanks for all your hard work on S & L!!


    • Steve says:

      “Don’t you usually take Friday’s off and put up the Hive?”

      I put up the Hive at the end of my broadcast day on Fridays. But I usually post the usual number of articles on Fridays.

  2. ilzito guacamolito says:

    ~ But, Mr. Soros wrote, he has become “appalled by the Romney campaign, which is openly soliciting the money of the rich to starve the state of the money it needs to provide social services.” ~

    To paraphrase Christie about Buffett, just shut up and write a check to the feds.

  3. ilzito guacamolito says:

    Dear King Bee-
    Was it absolutely necessary to add a photo of the criminal Soros to this post? I still have to sleep nights…
    * * * *
    Have a great weekend!

  4. Rusty Shackleford says:

    Obama said that hedge fund managers are “playing with other people’s money” some time ago.

    Hypocrisy, just another service he offers.

  5. GetBackJack says:

    It appears evil is taking its toll on Mr. Soros

    His face telegraphs nothing good

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