Billionaire financier George Soros is going all in for President Obama's re-election campaign and has joined forces with other major liberal donors to pump at least $100 million into the progressive movement and super PACs.
After months on the sidelines, major liberal donors including the financier George Soros are preparing to inject up to $100 million into independent groups to aid Democrats’ chances this fall.
In a move likely to draw in other major donors, Mr. Soros will contribute $1 million each to America Votes, a group that coordinates political activity for left-leaning environmental, abortion rights and civil rights groups, and American Bridge 21st Century, a super PAC that focuses on election-oriented research. The donations will be Mr. Soros’s first major contributions of the 2012 election cycle.
Despite having the capability to donate money to super PACs, Soros has the most power with the media. Afterall, he has his hands and money in more than 30 major media outlets and therefore controls much of the narrative on a daily basis.
When liberal investor George Soros gave $1.8 million to National Public Radio , it became part of the firestorm of controversy that jeopardized NPR’s federal funding. But that gift only hints at the widespread influence the controversial billionaire has on the mainstream media. Soros, who spent $27 million trying to defeat President Bush in 2004, has ties to more than 30 mainstream news outlets – including The New York Times, Washington Post, the Associated Press, NBC and ABC.
Prominent journalists like ABC’s Christiane Amanpour and former Washington Post editor and now Vice President Len Downie serve on boards of operations that take Soros cash. This despite the Society of Professional Journalists' ethical code stating: “avoid all conflicts real or perceived.”
And yes, Soros is the same guy who wants the dollar to collapse and is the guy who has made his millions by destroying currencies all over the world.
|Katie Pavlich is the News Editor at Townhall.com. Follow her on Twitter @katiepavlich. She is also the author of Fast and Furious: Barack Obama's Bloodiest Scandal and the Shameless Cover-Up.
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Author Photo credit: Jensen Sutta Photography