Democrats constantly complain that they want big money out of politics. Yet their actions don’t match their words at all. They happily line up to take untold sums of money from liberal billionaire George Soros. And he’s planning to spend big in the 2018 midterms.
Money Morning reports:
Liberal Billionaire George Soros Will Spend More on the 2018 Midterm Race Than Ever Before
Controversial billionaire George Soros will spend more on the 2018 midterm elections than in any previous one.
In 2010, the Supreme Court ruled in Citizens United v. Federal Election Commission that corporations, unions, and certain nonprofits should be allowed to raise and spend unlimited amounts of money to advocate for and against political candidates.
Since then, Soros has raised $5 million for Democratic politicians in midterm elections.
Specifically, Soros took advantage of this ruling by using his Open Society Foundation (OSF) as a major contributor hub for the politicians and legislative proposals he liked best.
And in the two midterm elections since Citizens United (in 2010 and 2014), that $5 million amounts to mere pocket change for the hedge fund aficionado.
He’s worth a whopping $25.2 billion, after all.
But a small increase in campaign contributions would mean a giant leap in political influence. In fact, the midterm elections could yield massive changes in Congress next year – which is exactly what the billionaire wants.
It probably won’t help. Republicans are heading into 2018 in much better shape.