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WSJ: George Soros Influence Will Expand

From the Wall Street Journal:

The Apotheosis of Soros

The billionaire gets his moment in the sun.


Hedge-fund billionaire and left-wing political activist George Soros has become one of the Democratic Party’s most important players. Now that Barack Obama is in the White House, his influence is due to expand even further as the web of activist groups he funds becomes the new brain-trust of the incoming administration.

Mr. Soros has been a friend to Barack Obama since Mr. Obama first ran for Senate in Illinois in 2004. Because of a special provision of the campaign finance law that allows greater contributions to candidates who are running against millionaires, Mr. Soros was able to donate $60,000 to Mr. Obama’s campaign against primary opponent Blair Hull and then against Republican Jack Ryan. Four members of the Soros family also donated to Mr. Obama’s Senate campaign, making Mr. Obama one of only a handful of candidates — including Hillary Clinton, Tom Daschle and Barbara Boxer — to receive the richest Soros nod.

Mr. Soros’s influence on Democratic policy has been years in the making, through groups like the Center for American Progress, which he helped underwrite back in 2003 (along with film producer Stephen Bing) to the tune of several million dollars. CAP is currently headed by former Clinton Chief of Staff John Podesta, now Mr. Obama’s transition team leader. With 180 staffers and a $27 million budget, the group is expected to play a role in the Obama administration similar to that played by the American Enterprise Institute during the Bush years, as a feeder for staff and a pusher of liberal ideas.

The problem for Mr. Obama, of course, is that not all Mr. Soros’s ideas fly as well with voters as with the New York and D.C. cognoscenti. The Soros connection already created trouble for Mr. Obama last year over the billionaire’s comment that Democrats should “liberate” themselves from the influence of the pro-Israeli lobby. Mr. Soros also is a prominent advocate of drug legalization. So while the hedge-fund legend may pour money and staffers into the Obama administration, Warren Buffett is likely to remain the billionaire Mr. Obama still prefers to share photo-ops with.

Of course none of this is news to regular readers here. Indeed, this article barely scratches the surface.

But you can bet most of the Obama voters have never heard of George Soros.

Because of a special provision of the campaign finance law that allows greater contributions to candidates who are running against millionaires, Mr. Soros was able to donate $60,000 to Mr. Obama’s campaign against primary opponent Blair Hull and then against Republican Jack Ryan.

Besides the huge cash contribution, one wonders how much assistance Mr. Soros provided in getting the divorce records of both of these candidates unsealed — so that Mr. Obama could run virtually unopposed.

A man who helped the Nazis against his own people would surely not be above such tactics.

This article was posted by Steve on Sunday, November 23rd, 2008. Comments are currently closed.

11 Responses to “WSJ: George Soros Influence Will Expand”

  1. proreason says:

    I’m re-posting this from the prior thread because it shows the devastation Soros and Obamy’s other benefactors have caused so far.

    Dow Jones returns between Jan 1 and Nov 3 in election years:
    % return year
    18.82 1996
    17.19 1988
    16.33 1964
    14.94 1972
    12.92 1944
    12.42 1980
    12.11 1976
    11.46 1992
    8.74 1968
    5.14 1948
    2.65 1952
    2.49 2004
    0.83 2000
    (0.63) 1956
    (5.38) 1984
    (12.06) 1960
    (30.24) 2008

    Notice anything peculiar about 2008? A statistician would say that year doesn’t make sense in a rational set of data.

    About 2/3 of the decline in 2008 happened in the 8 weeks after McCain took the lead in the polls.

    What you are looking at is one of 2 things:
    a) Obamy is the luckiest candidate of all time, or
    b) Mr. Soros and Obamy’s other kingpins happily destroyed the lives of millions of Americans to get their Socialist elected.

    If you are facing unemployment, it isn’t because of Bush’s economy. It is because of them. If your 401K has dropped by 50%, it is because of them. It wasn’t mere happenstance or the normal “ups and downs” of the market.

    1932’s decline in the same period was 34.07%, for those of you denying that a Depression can happen. The worst year of all was 42.51% in 1931. 2008’s lowest point so far has been a loss of 43.3%. 2008 is at best the 3rd worst year since 1928….so far. Pretty coincidental huh? Of course, the drain on the American economy from “Bush’s” war is between 1 and 2% of the GNP. Maybe that did it. Maybe the 3.1% growth in the GNP in Q2 did it. Maybe the 5% unemployment in Q2 did it.

    Lehman Bros filed for bankruptcy the first weekend after McCain took the lead in the polls. Speculators like Soros can’t manipulate an entire market, but thay can drive individual companies into bankruptcy, and such an event can affect the entire market

    This analysis took me 90 minutes with data readily available on Yahoo. Why isn’t anybody in the media interested in why over $10 trillion in wealth has been sucked out of the American economy?

    Want to bet a similar analysis on the price of gasoline wouldn’t have similar results? Oil independence was a big issue for McCain. My prior post showed that the price dropped 39% in between the time McCain took the lead in the polls and election day. Want to bet that gas could be found regularly under $2 per gallon in all of the battleground states the weekend prior to the election. It was as low as $1.91 per gallon where I live. Nobody worried about the price of gas until it pushed $4. About that, Obamy has said that he didn’t mind it, but he didn’t want it to happen “so fast”.

    By the way, the Dow consistently understates the impact to the total market, because the Dow companies are the most stable American businesses. At the lowest point so far this year, the S&P500 has been down 52%. The S&P500 represents about 85% of the market value. Small stocks (not included in the S&P500) peaked down 55%…so far.

  2. 1sttofight says:

    Soros wants to be the New Fuerer of the Fourth Riech.

  3. VMAN says:

    What’s the problem? Soros bought the election. Doesn’t he deserve something? What needs to be realized is that conservatism didn’t do to bad considering the ballot proposals that either won or were defeated and the fact of the enormous amount of money that the libs spent to get TIBS (The Idiot Bastard Son) elected. I think it was something like 7 to 1. And so, because of all the money spent, someone needs to be given special perks.

  4. 1sttofight says:


    From the movie ” In The Heat of The Night”

  5. proreason says:

    Here is a link to gas prices for the USA. The web site has dallas in it, but it is national.


    If the link doesn’t work, go to http://www.dallasgasprices.com and select Price Charts on the top row. (the web-site also can save you a few bucks a month. it will show you the cheapest gas in your area and the prices are usually updated multiple times a day).

    I find it particularly interesting that the price per gallon began a precipitous and historically unprecendented decline immediately after McCain took the lead in national polls published Sept 8, 2008. Prior to that, prices had increased 28% in 2008 (annualized 42%). From then until the election, prices declined 36% (annualized 216%), by far the fastest and steepest deline of at least the last 6 years.

    More evidence of the amazing luck of Obamy? Surely there is no chance that the Saudis, Russians and Venezuala were attempting to influence an American election. Certainly they could not have a preference for Obamy over John McCain, since both are staunch patriots.

  6. sheehanjihad says:

    “Taterstick”! Apply directly to the forehead! This POS needs to go.

  7. Professor_Repulso says:

    SJ, I believe that I have unraveled the mystery of Barack Obama’s true identity. Do you happen to remember Max Headroom, the computer generated pitchman for Coke of about twenty years ago? Always wondered what happened to that guy. So now we know.

  8. retire05 says:

    proreason, I really think you are on to something here. The market started it’s downward turn, considering all the protections that have been built in since the crash of ’29, for there not to have been some really sinister forces at work here. And remember that George Soros damn near bankrupted Great Britian because he sold the British pound short and made billions of dollars when he did it.

    Also, I think you are right about gas prices. McCain was taking the lead, “drill, baby, drill” was becoming a rallying cry and all Americans were starting to look at the Dems refusal to drill for what we have here. Then POW! gas prices started to fall, the war in Iraq could no longer be found on page A14 of the NYSlimes, much less on the front page, and the market was taking a nose dive. As the war was no longer an issue, at least for the reporters who had been beating Bush up over it for the last 5 years, and gas prices were no longer a big issue, the market was the whole ballywick. And who better to drag us out of the “depression” we were facing but FDR reincarnate.

    But do you hear one word from the “friends of Angelo” about investigating why the market failed and why the GSEs were allowed to function so badly under their watchful eyes (like Barney Frank, Chris Dodd, and yes, Joe Biden)? No, and you won’t.

    George Soros tried to buy himself a president in 2004 when he dumped millions into John Kerry. But Kerry was just such a bad candidate that even Soros couldn’t sell him to the American voter. This time Soros got more than he could have ever hoped for; a candidate that was even more of a socialist than Kerry. And so the wheels were put into motion for an Obama win.

    Soros has a very good friend, a mutual friend of Al Gore. His name is Maurice Strong, Canadian, billionaire and radical. Research him. Together, Strong and Soros can install the Forth Reich. And if you think there are not also sinister forces behind the American Auto industry destruction, research a Chinese car called the “Chery”, Strong and Soros and their connection to that car.

    It will absolutely make the hair on the back of your neck stand up.

  9. proreason says:

    “George Soros tried to buy himself a president in 2004 when he dumped millions into John Kerry”

    There is substantial evidence that Obamy is more than a 4-year development project.

    Large missing gaps in his background
    Numerous examples of “lost” records…State Senate, Columbia records, Annenburg, etc.
    He was paid $160,000 as an unpublished 29-year old author who had never written anything for an “autobiography”. Unpublished authors are never given huge advances. But Obamy wasn’t even an author when he got the money. He had never written anything.
    His 2 autobiographies were probably written by 2 different people. There is substantial evidence that the first allegorical one could have been written by Bill Ayers.
    All of his electoral wins have been “miracles”. The oponents dropped out, sealed divorce records were revealed, etc.
    How did a Community Organizer, untested lawyer, obscure state legislator, untried Senator all of a sudden acquire the immense body of knowledge necessary to comment knowledgably on the complexity of world events? Who has the time?
    How did a relatively young man master the art of dissembling even though he never had a need to do so in his prior life?
    Why doesn’t he have a single friend? Nobody spoke for him at his convention. Nobody appeared on the dias with him Nov 4 evening. Where is his entourage of past acquaintances?
    Why does he keep having good fortune in his personal life? He managed to buy a mansion below market the day a convicted felon bought the lot next door above market from he same seller. He made $4M last year on book sales. Who bought those books?
    Why do the responses to every “problem” have such a scripted feel to them?
    Why does he only speak from a teleprompter?
    How did he explode on the scene fully formed with his speech at the 2004 convention?
    Why do perfectly ordinary speeches get acclaimed as the greatest things since the Gettysburg address?
    Why do swarms of maniacs appear magically to ruin the lives of people who speak against him or trip him up?
    Why doesn’t the American public know anything about his background?
    Why did the stock market fall in September/October more than any election year including the Great Depression.
    Why did gasoline prices fall in an unprecedented manner as soon as McCain took the lead in the polls?
    Why did virtually every foreign country support him overwhelmingly?
    Why did he study Constitutional law at Harvard, and International relations at Columbia? Yet he never attempted to leverage that background in the job market.
    Why do so few people know he is a nicotine addict? Why are his published medical records a 1/2 page white-wash from a single doctor?
    Why did he have no religion until he joined a church in his late 20s and become a “convert”. And how many Harvard-trained lawyers are “believers” anyway?
    Why has he never published a paper or scholarly article even though he was the editor of th Harvard Law Review?
    Why did he vote “not present” over a hundred times in the Illinois Senate?
    Why has he spoken on so many sides of so many issues in his life? Why does he always frame his spoken remarks to allow for re-interpretation? How did he learn how to do that so masterfully?
    Why is he so studiously calm, when he has been in the maelstrom of historic forces for 4 consecutive years.
    Why has he been able to get a billion dollars in donations? How much more has been unreported?
    How did his campaign fund voter fraud to the tune of $800,000 and get away with it?
    How did he get away with accepting millions of dollars from untraceable donors, even though accepting campaing contributions from foreigners is illegal?
    Why hasn’t he ever been asked about dealing drugs in college? why hasn’t his driving record ever been published, even though he confessed to being a heavy drinker and drug user in his youth?
    etc., etc., etc., etc., etc.

    Here’s my opinion…..Obamy was selected by the left 20 years ago. Their strategy was to take over the media, the universities, the school teachers, and the unions, and to infiltrate government at all levels with civil servants and candidates who play on the innate sense of fairness of the American public. Obamy was picked because he is bi-racial (but not dark), fit, smart, glib and attractive with no obvious deep character flaws. He has been supported economically, coached and developed as part of a long-march strategy. He has been training to be in the public eye for decades. He has probably been in hundreds, perhaps thousands, of practice debate sessions and press interviews. His tactics to dissemble have been refined for decades by his handlers. The overall strategy has been mapped out for decades. A strategy document probably exists that maps out tactics to handle hundreds of contingencies. He was probably targeted for the Presidency in 2012 or 2016, but when his masters saw the impact of his convention speech in 2004, they escalated the timetable.

    He is the creation of a multi-decade, master plan by the far-left. Mao, Lenin and Alinsky preached patience. The effort we have just witnessed obliterated the standard for politics in all of history. It cost billions of dollars. They were playing 3-D chess while the right was playing tic-tac-toe

  10. take_no_prisoners says:

    Hillary is going to be Obamas SOS because George Soros told him that was the way it was going to be. This is a bad re-making of the film Casino (http://en.wikipedia.org/wiki/Sam_Rothstein). Obama takes the role of Phillip Green (Allen Glick, http://en.wikipedia.org/wiki/Allen_Glick), Hillary is Sam Rothstein (Lefty Rosenthal, http://en.wikipedia.org/wiki/Frank_Rosenthal). Anyone know who is going to play the role of Nicky Santoro (Tony the Ant, http://en.wikipedia.org/wiki/Anthony_Spilotro)? Soros would obviously play one of the four midwest mafia bosses, probably Pasquale Cajano (Joseph Aiuppa, http://en.wikipedia.org/wiki/Joseph_Aiuppa), or possibly Tony Accardo who didn’t have a character in the film (http://en.wikipedia.org/wiki/Tony_Accardo). Or possibley Paul Ricca (http://en.wikipedia.org/wiki/Paul_Ricca).

  11. sheehanjihad says:

    The first mainstream media outlet that even hints at Soro’s collaboration for total power will be burned to the ground with it’s employees blocked inside. This man plays for keeps, and anyone who crosses him is dead. THAT’S why you see everyone meekly following this ghost of Stalin….he is ruthless. He is determined to make sure nobody else uses capitalism so cleverly to make billions, then turn on the system and the country that made him so wealthy. He is pus. Gobs of fetid pus. And Obama and the democrat congress are his puppets, happily holding his winky while he pisses on America..

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