Liberal billionaire George Soros is going all out to ensure that Trump doesn’t get another term in the White House, flooding Democratic PACs and campaigns with over $50 million and looks to be drastically increasing funding going into the last 100 days before the election.
Soros ramped up his political spending this cycle through the Democracy PAC, which he created last year to pump large sums into the coffers of other left-wing groups. New filings to the Federal Election Commission show the PAC doled out nearly $17 million last quarter, bringing its total cash disbursements this cycle to $48 million. Soros gave another $4 million directly to Democratic campaigns and committees without first depositing the money into his PAC. The $52 million cash influx is more than double Soros’s previous high of $22 million, which came during the last presidential election.
Democratic candidates benefiting from Soros’s cash have railed against the influence of money in politics. Joe Biden’s government reform plan includes a promise to “reduce the corrupting influence of money in politics.” The presidential candidate’s website says, “We could improve our politics overnight if we flushed big money from the system and had public financing of our elections…. Democracy works best when a big bank account or a large donor list are not prerequisites for office.”
Remember, these are the same politicians that have been railing for 4 years now about dirty money, yet for some odd reason neither the news, nor these candidates that Soros is giving money to are saying a word, turns out it is only a problem if the Republicans do this.
Such rhetoric from Soros-backed candidates has drawn criticism from the right. “While Democrats across the country sanctimoniously rail against the influence of dark money in politics, their party’s largest donors are bankrolling a massive web of liberal organizations to get them elected,” one GOP operative told the Washington Free Beacon earlier this month. “George Soros’s unprecedented spending further highlights just how dependent Democrats are on contributions from billionaires, despite their hypocritical rhetoric.”
Soros is one of several Democratic megadonors who opened their checkbooks last month to provide large sums to outfits backing Biden and hammering Republicans. The Biden Victory Fund in particular has benefited from a windfall of cash. It pulled in a whopping $83 million thanks to the Democratic Party’s wealthiest donors, including Soros, who donated $500,000.
The liberal billionaire is taking steps to obscure his election spending this cycle. In the past, he made donations to groups directly in his own name. This cycle, he has operated primarily by transferring tens of millions from the Fund for Policy Reform, a $750 million nonprofit in his sprawling Open Society Foundation network, into Democracy PAC. The PAC then disburses it to other Democratic PACs and committees. This arrangement allows Soros to keep his name from the top of donor lists. His $50 million in contributions makes him the largest donor of the 2020 cycle, though only $8 million is coming directly from him.
Soros is looking that the 2020 elections as the most vital he has seen, either his globalist agenda will be shut down by the will of the people, or he will see Biden fast track what he has been pushing his whole life. Earlier this year during a speech at the World Economic Forum, the 89-year-old billionaire said the “fate of the world” is at stake and referred to Trump as a “con man” and “authoritarian” who is “willing to sacrifice the national interests for his personal interests.”
Democracy PAC has provided financial backing to dozens of liberal PACs and state-level politicians. This past quarter, its donations ranged from $90,000 to $2 million. Some of the largest donations went to the Nancy Pelosi-linked House Majority PAC ($2 million), Chuck Schumer-tied Senate Majority PAC ($1.5 million), Planned Parenthood Votes ($625,000), and the dark money group Sixteen Thirty Fund ($1 million).
Soros is funneling his money into two directions, the first is to prop up liberal candidates, investing to ensure Biden an election, but he is also investing into turncoat Republican groups that are pushing the never-Trump agenda, although he does not seem to be showing priority to one side over the other, so long as their goal is to remove Trump.
Priorities USA is the biggest outside spender this cycle, according to the Center for Responsive Politics, having spent more than $28 million. Its efforts include anti-Trump advertisements focused on criticizing the president’s response to the coronavirus pandemic in the swing states of Pennsylvania, Michigan, and Wisconsin.
Soros also sent $2 million to committees directly, without passing the contributions through his PAC. These donations include $500,000 to the Democratic Grassroots Victory Fund–a joint fundraising committee between the DNC, all 50 state Democratic parties, and the District of Columbia Democratic committee. He sent hundreds of thousands more to House Speaker Nancy Pelosi’s (D., Calif.) victory fund, the Democratic Senatorial Campaign Committee, and other Democratic committees.
Soros’s donations to PACs and committees contribute to a $275 million election-spending plan outlined by a liberal donor network the financier cofounded. Confidential documents from the Democracy Alliance show these plans include funding numerous state-based initiatives, including year-round organizing in Arizona, Florida, Colorado, Georgia, Michigan, New Mexico, Nevada, and Virginia. The donor club has pushed more than $1.83 billion into progressive infrastructure since its founding in 2005, its documents state.
The biggest threat to Soros spending is to expose what he is trying to push, and that would be a move to globalize all nations, something his father was equally supportive of. We have a obligation to expose this, and to continue to put a light on his actions.