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View Full Version : Soros donates $1.5 million to pro-Obama super PACs



Rockntractor
09-27-2012, 08:53 PM
By Dan Eggen, Thursday, September 27, 4:02 PM

George Soros, the liberal billionaire investor who has largely laid low during the 2012 elections, announced $1.5 million in pledged donations Thursday to a trio of super PACs backing President Obama and congressional Democrats, PAC officials said.

Soros, who became nationally prominent in 2004 when he spent more than $20 million on independent groups supporting Sen. John Kerry (D-Mass.), will give $1 million to Priorities USA Action ó which is supporting Obama ó and $500,000 to Majority PAC and House Majority PAC, which are running ads on behalf of Democratic candidates for Congress.

The move could signal a softening of resistance by Soros and other wealthy liberals to contributing to super PACs and other independent groups that can accept unlimited donations. Soros had previously given $1 million to the American Bridge opposition research group and smaller checks to other groups, but had suggested he was unlikely to get involved more directly.

Even with more than $2.5 million in total donations, however, Sorosís financial commitment pales in comparison with conservative donors such as casino magnate Sheldon Adelson, who has said he will give up to $100 million to groups supporting Mitt Romney and other Republicans this year.

Other top Republican donors include Houston homebuilder Bob Perry ($16 million) and Dallas billionaire Harold Simmons ($15.75 million). The top Democratic giver on record so far is New York hedge fund manager Jim Simons, who has given a combined $4 million to the same super PACs to which Soros just agreed to contribute.

Read More>http://www.washingtonpost.com/politics/decision2012/soros-donates-15-million-to-pro-obama-pacs/2012/09/27/6c8cb472-08e4-11e2-afff-d6c7f20a83bf_print.html

Gina
09-27-2012, 08:57 PM
Throwing (good) money after bad I hope. He gives me the creeps.

Hawkgirl
09-27-2012, 08:59 PM
20 million in 08 to 1.5/2 million today.

What does that tell you?

Zeus
09-27-2012, 10:23 PM
20 million in 08 to 1.5/2 million today.

What does that tell you?

He's just getting started ? Good on him, I'm one of the opinion there should be no restrictions on political donations.

Odysseus
09-28-2012, 05:40 PM
20 million in 08 to 1.5/2 million today.

What does that tell you?

Obama's economic policies are forcing him to cut back on his spending? :evil-grin:

LukeEDay
09-28-2012, 05:48 PM
Soros already lost almost half of his fortune do to bad investments, so what is another $1.5 million loss?

Elspeth
09-28-2012, 06:24 PM
Obama's economic policies are forcing him to cut back on his spending? :evil-grin:

Heh!