Posts in Category: Campaign Contributions

George Soros’ Political Contributions And Reaction To The Recent Election

In the recent U.S. Presidential elections, George Soros emerged as a top funder of the Democrats. He had reduced his political funding after he spent $27 million in 2004 in an attempt to defeat George W. Bush. According to the records maintained by the Federal Elections Commission, Soros gave or committed over $25 million in support of Hillary Clinton along with other Democratic candidates and causes on Forbes. Based on Democratic fundraising managers and his associates, Soros’ contributions were expected to increase as the Election Day neared.

Soros made a fortune of around $24.9 million via risky currency trades. George Soros had planned to attend his initial Democratic convention and be part of the audience to witness Clinton accept her nomination. However, due to trading engagements, the 85-year-old billionaire opted to monitor the economic situation in Europe.

In the last elections, Soros was more active and politically engaged than he had been in previous years. According to people close to him, he was motivated by several factors on, including his faith in Clinton. They have been friends for over 25 years. He was also inspired by the fear of President elect Donald Trump’s policies, who was Clinton’s Rival from GOP. Soros felt that the GOP rival was doing the job of ISIS by stirring up fear.

Michael Vachon, Soros’ political advisor noted that Soros had consistently contributed to Democratic Causes on Investopedia. However, in the last elections, the political stakes were remarkably high. According to him, there was disquiet even prior to Trump becoming the Republican Party nominee. This is due to the hostility of the republicans towards several issues that Soros cares most about. Soros believes that Trump would not take some issues seriously. Over the years, George Soros has supported numerous noble causes. He has been actively involved in spearheading different reform agendas, including criminal justice reform, immigration reform, as well as religious tolerance.

Following Trump’s election as the next U.S. president, George Soros alongside other rich liberals that heavily contributed millions of dollars to Hillary Clinton’s campaign had a meeting in Washington. The close-door meeting was held for three days with the goal of retooling to fight back against the newly elected president, Trump. The Democracy Alliance donor club sponsored the conference. It was held at Mandarin Oriental hotel in Washington. Leaders of the top unions as well as liberal groups attended the meeting. Additionally, notable people were present at the conference, including the left favorites like Nancy Pelosi, House Democratic leader, and Sen. Elizabeth Warren and Keith Ellison, the Congressional Progressive Caucus- chairman.

This was the first major conference of the left after the shocking victory of Trump over Clinton. The meeting was a clear indication that the liberals planned to take on Trump from his first day in office. In the conference, some people dealt with the issue of the 2017 and 2018 elections. Others zeroed in on spoiling Trump’s 100-day plan. The gathering came at a period when many liberals were reexamining their approach to politics in addition to the role of the Democracy Alliance.