In keeping up with what at this point must be a central theme of this presidential campaign season, a throwback to an earlier time has once again made his presence felt. George Soros has thrown his weight and considerable wealth behind the Democratic candidate for office, Hillary Clinton.
Soros hasn’t been around much since he last made noise as a major donor, in 2004. At that time he invested $27 million of his own fortune in an effort to keep George W. Bush from winning re-election.
His failure to boost John Kerry past Bush for the highest office in the land, and the fallout from his sometimes incendiary negative comments directed at Bush and his policies, sent Soros to the sidelines for a time on topics.wsj.com. He likened the Bush administration’s rhetoric to that of the Nazis, drawing the ire of conservative political pundits.
That experience, along with eight years of Democratic occupancy of the White House, led Soros to pull back a bit in recent years. Though he has maintained a presence in giving to favored political causes, it’s nothing like the concentrated commitment he has made to defeating Donald Trump. That, coupled with his appreciation for Clinton’s candidacy, has led to Soros throwing his hat back in the ring to the tune of $25 million in 2016 so far.
Soros has spread the wealth around, donating $7 million to a political action committee (PAC) that supports Clinton called Priorities USA, $5 million to the Immigrant Voters Win PAC, and committing $5 million to Voting Rights Trust. American Bridge 21st Century, a PAC focused on defeating Donald Trump has received $2 million, and various other Democratic-favoring PACs and committees have all received $700,000.
Ironically enough, another reason Soros had curtailed his political giving, at least in the American arena, was his concern over the amount of influence a person of his financial stature could impose on the democratic process. That’s reportedly why he has chosen to spread his wealth across a number of different causes this election.
While Soros’ giving may again seem to be driven by his desire to keep one particular candidate, Donald Trump, from being elected, it’s also fair to say that he is motivated by his desire to see Clinton ascend to the position often described as “leader of the free world.” Soros had soured on Obama after initially supporting him during his first successful election campaign. It’s said that the business magnate was less than impressed with Obama’s pursuit of certain liberal policies once in office.
Soros may not be as vocal this time around, but it is clear that he is once again fully engaged in the U.S. political arena.