George Soros Agrees Too Much Influence Is Allowed For Wealthy Donors In U.S. Politics

The major donor to the Democratic Party, George Soros, has been at the forefront of the relaxed laws for political donors that allow almost unlimited campaign donations to the party or candidate of their choice. Politico reports George Soros has taken advantage of these relaxed campaign funding rules to donate a combined total of more than $50 million to the Presidential election campaigns of John Kerry and Hillary Clinton, not counting the funding supplied to the campaigns of President Barrack Obama during the 2008 and 2012 campaigns Soros largely sat out due to some policy disagreements with the Obama Administration. As one of the main political donors to the campaigns of a number of liberal candidates and causes on the left of the political spectrum one would expect George Soros to be a major supporter of the Citizens United ruling that allows donors to write checks of any size to politicians, Super PAC’s, and major campaigning groups, but the Holocaust survivor takes a different view and supports moves to return U.S. politics to its earlier state where political donations were capped at federal level. Read his profile at Forbes.

The view of George Soros that political donations should be limited came around in the wake of the 2004 Presidential election where Soros had backed then Senator John Kerry in his bid to defeat President George W. Bush to the tune of $27 million. The loss of the election and the personal criticism aimed at Soros for backing his own political views allowed the legendary hedge fund manager to take a fresh look at how the changes in political funding had changed the U.S. political landscape, and created a view Soros did not like the look of; following the 2008 election campaign the Hungarian born financial expert believes the influence he and his fellow donors have developed over the course of the 21st century should once again be limited. Read more on NYTimes.com.

Across the world George Soros has developed a reputation as one of the world’s most important protectors of democracy and basic human rights; Soros uses his Open Society Foundations network of charities to educate individuals about the benefits of democracy and how best to work to break the stranglehold of a ruling tyrannical regime. In the U.S. the End Citizens United campaign group backs many of the candidates George Soros has identified as offering a political view similar to his own and has seen a major level of financial and vocal backing provided by the founder of Soros Fund Management. The grassroots nature of End Citizens United means financial donations are capped at $50,000, a figure provided for the group by George Soros as he has thrown his backing behind the campaign to limit his own political influence in the U.S. for the good of the nation.

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