George Soros, the philanthropist, hedge fund manager, Hungarian immigrant/war survivor and multi-billionaire, is back in the political arena, according to Politico. Soros, who is said to be worth $24.9 billion, stepped back from political activity during the Obama years, after making a multi-million dollar contribution in 2004 to groups fighting the re-election of then-president George W. Bush.
Know more: https://www.opensocietyfoundations.org/people/george-soros
Stepping Back Into the Game
After this lengthy break, Soros came back into the political arena in July of 2016 with a major contribution to backers of Hillary Clinton’s presidential campaign. Soros was said to be motivated by not only his long relationship with Clinton (who he firmly believed would be elected president), but also by his distrust of Trump. According to Politico, Soros has been quoted as saying that Trump’s bigoted campaign is actually “doing the work of ISIS.” It was rumored that Soros was planning on attending the democratic convention last summer (for the very first time), but he ultimately wasn’t able to attend. Despite this, there’s no doubt that Soros was deeply invested in the outcome of the campaign. Visit projectsyndicate.com to know more about George.
A Game-Changing Political Upset
With Trump’s upset victory over Clinton, political watchers are now waiting to see how much or how long Soros’ political involvement with last. Though he’s now 85, George Soros has always shown an amazing ability to surprise those who might underestimate him. Soros’ entry into the political arena is also of interest to those involved in left-leaning political activity, as Soros has long had the ability to work as a catalyst for other large political donors.
Though Soros’ success as a financier and currency trader is indeed one-of-a-kind, there’s no doubt his life as an immigrant and war survivor also fuel his political passions. It will be interesting to note how much more engagement we can expect from the always unpredictable George Soros. Read more about George at The New York Times.
The election of President Donald Trump in one of the most unorthodox Presidential Elections in US history has led leading liberal funders to huddle together to reflect on their shocking loss and plan a major push back on Forbes. According to a Politico report published on November 14, 2016 liberal funders among them George Soros met with Nancy Pelosi, Keith Ellison, Elizabeth Warren and Union bosses. Pelosi is the minority House Democratic Party leader, Elizabeth Warren the senior Senator from Massachusetts while Keith Ellison is the Congressional Progressive Caucus Co-Chairman. The highly anticipated meeting on Biography sponsored by the influential Democracy Alliance (DA) donor club took place at the up-market Mandarin Oriental Hotel in Washington DC.
The meeting was also the first to be held by key Democrats following the unexpected defeat of Hillary Clinton. The agenda of the meeting included a plan by liberals to start trench warfare against Trump’s rule from day one and a rebuttal of Trump’s first 100 days. The counter measure on opensocietyfoundations.org will be done by touting President Obama’s achievements and Democratic Party ideals of promoting a just and equitable society. The role of the Democratic Alliance (DA) was also brought into focus because several liberal voices believe it was time the group changed the way it approached politics. The DA and its donors are responsible for orienting some of the party’s key organizations around Clinton’s candidacy as well as promoting the rising American electorate made up of women and minorities.
The accusations come in the wake of revelations that Donald Trump largely won on the strength of working class whites. DA’s thinking was based on the premise that the new electorate would tilt future elections in favor of the Democrats. Statistics from the exit polls also showed that the electorate eschewed traditional DA priorities such as the role of money in politics and climate change. The group was also criticized in some measure for turning into a social group of a few wealthy individuals. The key Democratic Party donor and supporter George Soros reform credentials date back many years and will continue to be felt in the coming years. According to a report appearing on Politico.eu, George Soros lived under the repressive pro-Hungarian nationalist regime before escaping to study in the UK and ultimately to the US, where he made his fortune.
On the path to his meteoric rise, Soros established the Open Society Foundation in 1984 to promote democratic and rule of law. One of the organization’s first initiatives was to help the civil society groups fight the Soviet dominated Hungary. Immediately after the fall of the Berlin Wall, Soros began advising the old Warsaw and ex USSR members on how to transition to free markets and democracy. Today, George Soros continues to funnel his funds to support the Democratic Party and liberal causes in the US. The highly successful billionaire, hedge fund manager, George Soros also supports education and economic empowerment among minorities and deprived communities. A 2017 report released by Forbes placed George Soros wealth at $25.2 billion.