In 2004 the Presidential Election was nearly decided by the hard work of George Soros, a billionaire philanthropist and investor who chose to back progressive candidate Al Gore. That didn’t happen, of course, but it opened the doors to an exceedingly rare reality: a progressive billionaire who was willing to put his money where his ideals were and stump for his side accordingly. This has largely been a trademark of the right wing and Soros has become a boogeyman due to his rare nature. George Soros’ decision to return to politics after this extended hiatus is going to be a huge deal in the coming years, and it is one worth dissecting further.
George Soros made the decision to return to mainstream politics in large part because Republican nominee Donald Trump stood for and stumped on so many things that Soros found personally abhorrent and the antithesis of what he had spent his life working for. Soros personally showed his distaste for Donald Trump after finding Trump’s fear mongering to be so bad that it was literally doing the job for ISIS — words that Soros himself actually used. To say that Soros wanted to oppose Trump would be an understatement. Immediately Soros leaped into the fray and chose to back the progressive politicians that were running for office, including Democratic Presidential nominee Hillary Clinton. Read more on NYTimes.com.
Soros would go on to give a great deal of money to progressive politicians during the 2016 election, totaling up donations to nearly $25 million in total. Soros personally gave $7 million to a pro-Clinton PAC in order to kick start her fundraising as the race came down to the wire. The great thing about George Soros, however, is that he refuses to ignore the lesser politicians. Soros has been doing work on a global scale politically and he knows how important it is to ensure that each candidate has proper representation. Thanks to FEC records were we able to see the specific PACs that Soros gave to. Soros donated $2 million to American Bridge 21st Century, $700,000 to the Democratic Party, $5 million to Immigrant Voters Win and an additional $5 million to the voting Rights Trust. All of these PACs showcased the things that Soros finds important. Read his profile at Business Insider.
Michael Vachon, the political adviser for George Soros, knows that it is more important than ever for Soros to become active in the political landscape. Vachon reminds people that Soros didn’t jump in solely due to Donald Trump, however, as he also chose to jump in due to the already hostile atmosphere in the political realm. Soros also wanted to balance out the scales and break something of equality between the two parties, seeing as the right wing is almost completely beholden to the billionaire Koch Brothers.