In this AP article from Yahoo! news, it is noted that another wealthy billionaire has donated vast sums of money to defeat Bush in 2004. George Soros, who gleefully makes gobs of money from the free market and globalization, while spending it supporting candidates who are implacably hostile to capitalism. Soros apparently sees no conflict between the two activities, however, which is puzzling to me. The man is obviously not stupid, but he either is not paying close attention to what they are saying, or he really doesn't believe that they will implement their ideas if elected, which raises a whole 'nother set of issues.
There are a few ironies in the article. Try this for example:
Under the nation's new campaign finance law, the group must remain separate from the Democratic Party to accept contributions on the scale of what Soros has pledged. The law bans national party committees from accepting contributions of that size from any source.
It's not an arm of the Democratic Party, but all of the officers are hard-core Democrats, including the leader of EMILY'S List, which is a narrowly-focused Dem special-interest group (they give money exclusively to pro-chioce Democratic women). I assume that they are analogous to the independent group that ran the Willie Horton ad against Dukakis in 1988 (you know, the one that the Democrats still bring up to insinuate racism in the Republican Party).
Another howler is this one:
In addition to Soros' pledge of $10 million, the PAC has raised $8 million from labor groups and a total of $12 million from several individuals, Malcolm said. The donors include Louis and Dorothy Cullman, who helped finance the newspaper ad with Soros; Anne Bartley, former president of the Rockefeller Family Fund; Peter Lewis, founder of Progressive Insurance; Patricia Bauman, head of the Bauman Family Foundation; and Rob McKay, head of the McKay Family Foundation. Malcolm declined to say how much each committed.
Remember, the Democrats constantly tell us that the GOP is the group beholden to deep-pocketed fat cats, yet Soros alone kicked in $10 million, and the other six (two of whom are married) kicked in another $12 million. I hate to break it to McAuliffe, but that kind of spending qualifies his supporters as very rich indeed. And of course, the Democrats don't like shining the light of day on fundraising activities, as they have steadfastly refused to released their donor demographics, unlike their counterparts in the GOP.
posted on August 08, 2003 07:47 PM