Back To Leaving His Footprint On American Politics
Longtime financial supporter of the Democratic Party George Soros has broken his hiatus on political donations in the United States to give Hillary Clinton $26 million. The world’s most successful hedge fund manager is no stranger to the world of politics. He has supported democracy around the world and can even boast about bringing about the peaceful conversion of his birthplace Hungary. His return to political philanthropy comes at a special time in American politics on Forbes. Fellow billionaire Donald Trump is running for office on a platform perpendicular to the ideals of Soros.
Apples And Oranges
George Soros is generally a strong supporter of immigration reform, asylum for refugees, and free trade between nations, but Donald Trump has made staunch opposition to all of these an important part of his campaign. A sort of rivalry has emerged between the two billionaires with exceptionally virulent rhetoric dominating conversations. George Soros sees the inflammatory words, especially his statements on Islam, as helpful for groups such as ISIS that seek to demonize the West.
Close Soros advisor Michael Vachon confirms the special importance George Soros sees in this election. While Soros has a long history of supporting Democrats Vachon maintains that the possibility of a Trump presidency has stuck with the billionaire. The dangers of a Trump presidency have startled Soros in a special way.
A Catalyst For Other Donors
The investment George Soros has placed in Clinton is seen as a good omen by Democrats. Many believe that Soros will motivate other big name liberal donors to pitch in. Although Soros has given Hillary Clinton her largest donation he was not the first to donate to the presidential nominee. Environmentalist Tom Steyer has donated $31 million to pro-Clinton super PACs while others such as hedge fund manager Don Sussman or media tycoon Haim Saban have also chipped in millions to support Clinton. While these donations have certainly helped the Clinton campaign none have the impact George Soros often displays.
The Relentless Fighter
The efforts of George Soros to advocate for Democrats has often made him a target of vitriol from the right. His opposition to George Bush in 2004 was often used to describe him as a communist, a self-hating Jew, or Machiavellian manipulator. Despite these criticism Soros sees Clinton’s presidency as a chance to pursue progressive causes. In the past Soros has expressed regret over supporting Obama over Clinton during the 2008 election. His support for Clinton may give him a second chance.