Political Issues

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

Rumors John Kasich Supported By George Soros False

There is a crazy conspiracy theory going around that liberal billionaire hedge fund magnate and political activist George Soros on politifact is secretly bankrolling conservative presidential candidate John Kasich. This wrong theory may have been started by the unethical television ad produced by the super PAC Trusted Leadership, Ted Cruz’s main support. The ad shows pictures of both John Kasich and George Soros, floating together on the screen. A narrator falsely explains that George Soros and other rich liberals are contributing dollars to Kasich’s campaign in the hundreds of thousands.

John Kasich is the Ohio governor running for the GOP presidential nomination on http://www.nytimes.com/topic/person/george-soros. The truth is that in fact, George Soros has not made any donations to Kasich or his New Day For America super PAC organization. These ads, which ran on television in Wisconsin right before the April 5th primary, are being investigated for a possible libel lawsuit. The very idea that anyone would use clandestine means to make a super PAC donation is ludicrous. This is because it would be a blatant breaking of national campaign finance law, according to political science professor Tom Sutton from Baldwin Wallace University. All such donations are made public and there is not rule about a limit for donations to super PACs.

Sutton points out that there would be no reason motivating George Soros to hide any such donations. Besides, he says, a look at what other donors have given shows many companies dissociated with Soros giving New Day For America much more money. The only shred of evidence for such a crazy conspiracy theory is that two donors who did give money to the super PAC in question who were formerly associated with Soros: Scott Bessent and Stanley Druckenmiller.

Bessent gave 200 grand to New Day For America and another $2,700 directly to Kasich. He is known to have contributed to both conservatives and liberals in the past, including 25 grand to Hillary Clinton’s super PAC: Ready For Hillary. Druckenmiller gave 450 grand to New Day For America last year.

After an investigation on biography.com of the false attack ad was started, some Wisconsin television stations stopped running the ads. Kasich’s campaign has filed records that show expenses at $14 million, but only about $10 million in contributions. This story first broke on PolitiFact Ohio.

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