In an original article, written for Politico, Kenneth P. Vogel discusses the details of George Soros $25 million donation to Democrats. In the article, entitled, ‘George Soros rises again,’ Vogel examines the key issues related to the unprecedented donation.
Venturing into the high end of fundraising operatives isn’t new territory to George Soros. Soros firmly believes in the Democratic party and its initiatives. With a vast interest in furthering those initiatives, Soros put his money into action by donating more than any other political backer. This year’s presidential race saw a political gift of $25 million to Hillary Clinton and other Democratic candidates.
This isn’t the first time that Soros has donated to support the Democratic agenda. Also in 2004, George Soros donated $27 million to try and upend George W. Bush campaign efforts.
When you’re worth approximately $24.9 billion, one would think that he might simply sit back and watch the election action on television. Well, at his precise age, the 85 year old Hungarian, George Soros decided that he would attend the Democratic convention for the first time and listen to Clinton speak. Because Soros and Clinton have a long standing relationship that spans over two and a half decades. Well, that trip was nixed for an emergency trip to Europe instead. It turns out that recently Soros became an active trader again. His presence was needed in Europe to closely monitor the developing economic downturn.
Here’s How George Soros’s Latest Predictions Have Played Out
George Soros rises again
George Soros had his heart with Clinton though and many insiders said that he had faith in her as a quality political opponent. This is in direct opposition to his thoughts and feelings about Donald Trump. Soros felt that Trump would increase the negativity of ISIS by inducing added fear.
George Soros’ $25 million dollar donation was in support of Clinton and the Democrats, because their proposed initiatives were parallel to subjects and matters that he had a personal interest in. These interests and matters relate to immigration, religious acceptance, and reform of the criminal justice system. He felt strongly about the need to publicly support Hilary; Soros earmarked $8 million of the $25 million to those political action committees (PACs) identified in the Clinton donor class.
As a trader, George Soros is accustomed to taking big risks. It’s exactly the method he used to amass his billion dollar fortune. So keeping in line with his approach to trading, Soros is surrounded by the best advisers. His political adviser, Michael Vachon put the donation by Soros into perspective. Vachon said that as a political backer, George Soros “has been a consistent donor to Democratic causes, but this year the political stakes are exceptionally high.”
Additionally, George Soros lamented over his decision to choose Barack Obama over Hilary Clinton in the 2008 political campaign. He continued his liaison with Clinton while she served in the Obama administration and she remained friendly with him; even going so far as to encourage open door discussions with Soros to speak about the matter.
Read more about George Soros on NY Times