One of the leading organizations in the US that is working towards the restoration of fair and just funding for political activities is known as End Citizen United. Although in the recent past there have been numerous claims that the PAC is making millions of dollars whereas it is against such donations, the truth is that the money the PAC gets comes from its supporters on the ground. The organization is building the support of as many Democrats as possible to fight against the presence of dirty money in American electoral politics which the group firmly believes has taken the dispensation of political processes captive and hostage.
What is perceived is some public quarters as an over the flow of money into the accounts of End Citizen United which in itself is a contravention of the very principles they are fighting against, is an indication that the group has massive grassroots support. For many months now, End Citizen United has been spearheading the struggle to transform the methods of financing campaign activities so that some form of sanity and fairness can be restored in the electoral process. The PAC was founded in March 2015, and from that time most of the donors aiding the activities of the group have been ordinary Americans. Right now, the nonprofit is building a bigger movement that will bring together all democratic forces to put pressure on the legitimacy of political fund contribution by billionaires.
The new movement will bring onboard Democratic legislators and other pro-reform lobbyists who will fight to put structures in place that will deter the syndicate of billionaires from taking control of the political system. The group’s mission is to disrupt the system the rich people use to dominate political interests by buying elections. The wealthy syndicates are threatening to uproot Democrats from mainstream political engagements. It is this reason that makes the PAC support Democratic candidates who can bring transformative legislations in both the Senate and the Congress.
The first approach the organization will employ is to nationalize the debate of big money spending in politics so that it becomes a public priority. And the second strategy will be the election of legislators who are known to be pro-reform so that they can push the agenda of change in both houses. End Citizen United will help the Democratic candidate for the Montana seat, Jon Tester, to defend his position and Senator of Ohio Sherrod Brown. The organization believes that leaders like the two can lead the struggle against excessive spending in politics. The recruitment strategy the group uses is open, and it can be viewed on the organization’s website. The endorsed candidates will fill a questionnaire, and then they will be enlisted as defenders of democracy.
George Soros returned to the political scene with bang. The hedge fund billionaire reignited his political presence by donating over $25 million to Hillary Clinton and other liberal Democratic candidates. His return to active politics followed a long silence after his previous attempts to unseat President George W. Bush by funding his rival. During the 2004 elections, George contributed more than $27 million to the Democratic campaigns.
The money donated by George Soros during last year’s elections was used to finance Hillary Clinton’s campaigns to every corner of the United States. It would also be used to fund the campaigns of other Democratic candidates who were facing stiff competition from the Republicans. This information was obtained from the Federal Election Commission records. Soros is estimated to be worth $24.9 billion. He has managed to get his fortune by engaging in risky currency trades. His first major win against a currency was in the early 90s when he bet against the British pound. From the trade, George made over one billion dollars in profit. The 85-year-old Hungarian-born New Yorker has gone on to undertake many similar trades. Read this story at Politico about George Soros.
Soros and Hillary have known each other for over 25 years. Due to this long relationship, the billionaire had planned to attend his first-ever Democratic convention to watch the presidential hopefully give her first acceptance speech. However, the hedge fund expert decided to cancel the trip at the last minute to keep a keen eye on the economic situation in Europe. In addition, Soros has also been involved in the verbal attack of Clinton’s opponent, Donald Trump. In his interview at the World Economic Forum, he accused President Trump of ‘doing the work of ISIS’ through his speeches and policies. The trader notes that spreading fear among Americans was proof that Trump was not ‘qualified’ to lead the free world. According to the billionaire’s spokesman, Michael Vachon, his involvement in politics was necessitated by the exceptionally high stakes in last year’s elections. These stakes were caused by several issues such as Trump’s candidacy, world economic situation, and ISIS. Vachon added that the philanthropist has remained a staunch supporter of immigration reform, religious tolerance, and criminal justice reform. Know more on investopedia.com about George Soros.
George Soros was one of the key funders of the Ferguson protests. He hoped that the protests would help spur a civil action that is in line with his justice reform ideas. The billionaire funded the ‘hands Up, Don’t Shoot’ campaign. The protests resulted from the death of Trayvon Martin. The young adult was fatally shot by the police. Soros funded the campaigns to the tune of $33 million. This is according to the tax filings reports made by his Open Society Foundations. The money was channeled to already established charity groups that participated in the protests. This information was originally mentioned on Washington Times as elaborated in the link below http://www.washingtontimes.com/news/2015/jan/14/george-soros-funds-ferguson-protests-hopes-to-spur/
The last election cycle saw the billionaire businessman and philanthropist; George Soros makes a huge splash in the campaign financing front. According to a report that appeared on Politico on July 2016, Soros committed over $25 million to support Democratic Party Presidential candidate Hillary Clinton and other Democrats downstream. The billionaire had scaled down his political giving in 2004, when he donated $27 million in an effort to defeat President George Bush. Confidants close to him say the tally was likely to be higher by the time elections are held. Soros also confided that he will grace his first Democratic Convention to watch Clinton officially become the Democratic Party nominee for president.
The 86 year old Hungarian born billionaire who is based in New York has had a long standing relationship with the Democratic Party and Hillary Clinton. One of his political advisors, Michael Vachon told the press that Soros support for the Democratic Party causes had moved a notch higher in the 2016 election cycle. Many see his latest political push as informed by his faith in Clinton’s candidacy and fear of Donald Trump, the GOP nominee for President. Soros is enraged with Trump and has accused him of a number of things, including support for ISIS. Before his nomination, Soros camp feared the Republican Party nominee for president will reverse most of issues Soros cares about when he is elected the president.
Learn more: http://www.snopes.com/george-soros-ss-nazi-germany/
Soros has been a staunch supporter of immigration reforms, religious tolerance, and criminal justice reforms among other things. The support by Soros to Clinton and the Democratic Party was seen as a catalyst that would spur more donors and activists with deep pockets to chime in. The elite group donors who made their donations known include New York hedge funder Don Sussman, San Francisco environmentalist Tom Steyer, and media entrepreneurs, Haim Saban and Fred Eychaner. At the time, Tom Steyer had donated $31 million, Don Sussman $13.2 million and Haim Saban and Fred Eychaner had offered slightly over $11 million each.
An excerpt on Forbes magazine estimates Soros real time net worth as of March 2017 to be $25 billion. The brief profile reveals that Soros studied at the London School of Economics while working as a railway porter and waiter. He later moved to New York and soon headed to Wall Street. Armed with $12 million, Soros established his own hedge fund in 1969. In 1992, he famously shorted the UK pound and made $1 billion. The feat earned his the moniker, the man who broke the bank of England. George Soros remains an active trader and is the Chairman of Soros Fund Management (SFM) and the Open Society Foundations (OFS). The latter supports various philanthropic efforts from civil rights to democratic governance.