One of the best known Democrat’s in the U.S. has recently been conspicuous by his absence from the world of political giving, but George Soros according to Politico, has made a spectacular return in the 2016 election cycle with a $6 million donation to Presidential candidate Hilary Clinton. Hungarian born George Soros has spent a large amount of his career looking to use the vast wealth he has assembled through his hedge fund management to assist those in need of assistance and stripped of their democratic rights, through his Open Society Foundations.
In the 21st century, the changing rules of political giving in the U.S. have allowed the wealthiest in society to provide funding for the political parties and candidates of their choice. George Soros has been a major donor in U.S. politics over recent years, but took a step back from major donations after the failure of John Kerry’s Presidential campaign in 2004. By 2008, Politico explains George Soros had placed his fortune behind President Barrack Obama’s campaign for the White House; Soros has now revealed he made a mistake in not backing former Secretary of State Hilary Clinton in the 2008 election cycle, a mistake he now hopes to put right by backing her for the Presidency.
George Soros has recently been at pains to point out the many issues facing the global economy, which he believes are pushing the world to the brink of a global economic collapse to rival that of 2008. Other problems, including the rising aggression shown by Russia and problems in Europe have forced Soros to provide major backing for Hilary Clinton’s push for the White House through a $6 million check written for the Priorities USA Action Super PAC. This is the second Clinton supporting Super PAC to benefit from the financial support of George Soros, after a $1 million check was written by Soros to the American Bridge 21st Century group. Soros now joins a growing number of Democrat donors looking to rival the more than $1 billion expected to be given in support of Republican candidates in 2016.