George Soros Headlines Democracy Alliance Meeting

Politico recently published an article about a meeting of a group of liberal financiers known as the Democracy Alliance, which was founded in 2004 after George Soros and other major Democratic Party and progressive donors were unsuccessful in helping to unseat George W. Bush. At the dawn of a Trump presidency, the membership of the club, 100 or so wealthy magnates and financiers, met to analyze their failure to ensure Hillary Clinton’s election.

Soros does not usually attend DA meetings, and it is even rarer for him to address the group directly, so his role as a keynote speaker at the event suggests his investment in preventing a second Trump term. After scaling down his financial commitment to progressive causes during the Obama years, George Soros has once again pledged his financial support by contributing $25 million to the Clinton campaign as well as other liberal organizations endorsed by the DA, such as Media Matters and the Center for American Progress. During primary season, George Soros famously likened Trump and fellow GOP candidate Tom Cruz to ISIS.

Read more: The Capitalist Threat

Membership in Democracy Alliance requires payment of a $30,000 annual dues fee and a commitment to provide a minimum of $200,000 in financial support to organizations approved by the organization. This post-election DA event brought together members and Democratic congressional leaders, such as Nancy Pelossi and Elizabeth Warren, as well as major union leaders and leaders of other major progressive organization. Some attendees felt that a complete overhaul of liberal strategy was called for, given that this was an election Clinton was clearly capable of winning. They believe that the strategy of appealing mainly to the “rising electorate” of women and minority voters was flawed as Trump’s victory relied on white working class voters. Others point to the fact Clinton was able to secure a majority of the popular vote as proof that current approach is working, and it is simply a matter of increasing turnout among key liberal demographics.

At the meeting, George Soros tied in his personal experience as a Holocaust survivor and his experience living under communist rule with the prospect of a Trump presidency. Whether liberal donors decide to tweak their strategy or completely re-tool, it is clear that Soros considers the election of Trump to be extremely dangerous, and if his level of financial commitment in 2016 is any indication, he will likely continue to ramp up his support to ensure Democratic victory in the midterm elections and four years from now.

Read more about George Soros on Forbes
Find out more about George Soros on Politico.com

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