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Billionaire investor George Soros will be supplying $2 million to independent Democratic groups focused on grass-roots election efforts as part of a greater donor initiative to enhance outreach and voter registration operations. Soros will divide his donation equally between America Votes, a group that provides coordination and campaign support to progressive organizations; and American Bridge 21st Century, a super-PAC that focuses on communications and election-oriented research. Soros's contribution will be part of a nearly $100 million boost from other major liberal donors to like-minded causes and efforts. According to a New York Times report, Soros and others are pledging funds to grass-roots-type groups in part because they don't believe they can match the massive Republican super-PAC-funded negative television ad bombs, but also as a symbolic rejection of the Supreme Courts Citizens United decision, which gave birth to super-PACs that may spend on campaigns without limits.
Super PACs supporting Republican candidates and Mitt Romney in particular have pledged to raise hundreds of millions of dollars to compete against Obama’s sprawling donor base. American Crossroads, a group founded by former Bush adviser Karl Rove, and its nonprofit arm have already raised a combined $100 million.
Obama, meanwhile, has raked in $147 million in contributions through April 30. That doesn’t count millions in additional contributions to the Democratic National Committee, which is helping Obama’s re-election. Republicans have pointed to Obama’s powerful, incumbent fundraising advantage for why GOP super PACs — they have largely spent cash on pricey television ads — are necessary to provide balance in political discourse.
This presidential election is the first in which billionaires are given the green light to spend unlimited sums of cash on groups supporting their favored candidates, thanks to a handful of federal court cases that stripped away campaign-finance regulations.
the massive Republican super-PAC-funded negative television ad bombs
Billionaire George Soros giving $2M to Democratic groups, including to Obama super PAC - The Washington Post
Super PACs supporting Republican candidates and Mitt Romney in particular have pledged to raise hundreds of millions of dollars to compete against Obama’s sprawling donor base. American Crossroads, a group founded by former Bush adviser Karl Rove, and its nonprofit arm have already raised a combined $100 million.
Obama, meanwhile, has raked in $147 million in contributions through April 30. That doesn’t count millions in additional contributions to the Democratic National Committee, which is helping Obama’s re-election. Republicans have pointed to Obama’s powerful, incumbent fundraising advantage for why GOP super PACs — they have largely spent cash on pricey television ads — are necessary to provide balance in political discourse.
This presidential election is the first in which billionaires are given the green light to spend unlimited sums of cash on groups supporting their favored candidates, thanks to a handful of federal court cases that stripped away campaign-finance regulations.
And hopefully the last.
dumbest thread ever while obumer signed ndaa. you continue to prove you are an idiot and haven't got a can of clue what you've gotten yourself into. As our debt is more than the revenue this country takes in, you want to vote for more debt and ever increasing debt..nope bush don't work this time and go chase parked cars with neg reps.Because why should the Koch boys have all the fun?
George Soros and Other Rich Guys to Infuse Democrats With $100 Million for Grass-Roots Efforts -- Daily Intel
Billionaire investor George Soros will be supplying $2 million to independent Democratic groups focused on grass-roots election efforts as part of a greater donor initiative to enhance outreach and voter registration operations. Soros will divide his donation equally between America Votes, a group that provides coordination and campaign support to progressive organizations; and American Bridge 21st Century, a super-PAC that focuses on communications and election-oriented research. Soros's contribution will be part of a nearly $100 million boost from other major liberal donors to like-minded causes and efforts. According to a New York Times report, Soros and others are pledging funds to grass-roots-type groups in part because they don't believe they can match the massive Republican super-PAC-funded negative television ad bombs, but also as a symbolic rejection of the Supreme Courts Citizens United decision, which gave birth to super-PACs that may spend on campaigns without limits.
Sanity would dictate that Citizens United be overturned. But sanity and politics are seldom in the same room.
Sanity would dictate that Citizens United be overturned. But sanity and politics are seldom in the same room.
No, that's what Stalinist Democrats like you would dictate. Sanity would dictate that Democrats were laughed out of office.
Sanity would dictate that Citizens United be overturned. But sanity and politics are seldom in the same room.
No, that's what Stalinist Democrats like you would dictate. Sanity would dictate that Democrats were laughed out of office.
Define and describe what a "Stalinist Domocrat" is.....
No, that's what Stalinist Democrats like you would dictate. Sanity would dictate that Democrats were laughed out of office.
Define and describe what a "Stalinist Domocrat" is.....
Billionaire George Soros giving $2M to Democratic groups, including to Obama super PAC - The Washington Post
Super PACs supporting Republican candidates and Mitt Romney in particular have pledged to raise hundreds of millions of dollars to compete against Obamas sprawling donor base. American Crossroads, a group founded by former Bush adviser Karl Rove, and its nonprofit arm have already raised a combined $100 million.
Obama, meanwhile, has raked in $147 million in contributions through April 30. That doesnt count millions in additional contributions to the Democratic National Committee, which is helping Obamas re-election. Republicans have pointed to Obamas powerful, incumbent fundraising advantage for why GOP super PACs they have largely spent cash on pricey television ads are necessary to provide balance in political discourse.
This presidential election is the first in which billionaires are given the green light to spend unlimited sums of cash on groups supporting their favored candidates, thanks to a handful of federal court cases that stripped away campaign-finance regulations.
And hopefully the last.
You act as if soros did not contribute millions to obama in 2008
Leveling the playing field ?
REALLY?
It's been so unfair for quite sometime and all favoring the Democrats.
Dem's have the Hollywood crowd, mainstream media, newspapers, unions and wall st. and redistricting till recently.
The Repubs now have redistricting and Corporations.
That's 2 out of 6 and I don't think that is leveling the playing filed.
Leveling the playing field ?
REALLY?
It's been so unfair for quite sometime and all favoring the Democrats.
Dem's have the Hollywood crowd, mainstream media, newspapers, unions and wall st. and redistricting till recently.
The Repubs now have redistricting and Corporations.
That's 2 out of 6 and I don't think that is leveling the playing filed.
That's a really interesting bubble you're living in.
Do you somehow think his money wasn't funneled to obama by means of many venues?
You act as if soros did not contribute millions to obama in 2008
He couldn't. There was a limit.
As for the U.S. 2008 presidential race, Mr. Soros, who gave $18 million to Democratic advocacy groups seeking to defeat President Bush in 2004, said he supported Barack Obama. But he also said he would support Hillary Clinton if she won the Democratic nomination. John McCain, he said, had compromised far too much with the Bush administration and was unlikely to win the Republican nomination. And who will win? Mr. Soros said he thinks the leading possibilities are former Massachusetts Governor Mitt Romney and former New York Mayor Rudolph Giuliani.
