Billionaire George Soros has long been known for his political activism, at least that was the case until 2004. He threw a lot of his money into defeating then President George W. Bush. Frustrated by his failure, he decided to abandon his political activism and stop donating to Democratic candidates. This trend remained in place for many years. The billionaire was frustrated by his inability to influence the elections in a meaningful way. The presidential campaign of 2016 changed many things. Many people, including the withdrawn billionaire, watched the Trump campaign with fear and dread. Like many people, he could not believe the results of the November election. No one expected a man as unpresidential and undiplomatic as Donald Trump to win the White House.
George Soros started donating to Democratic Party political causes as soon as he saw the former New York real estate mogul stood a good chance of winning the white house. According to Politico, Soros is determined to do whatever he can to stop the president’s agenda. Moveon.org and other organizations he supports became more active. Media Matters, a website he funds, redoubled its efforts to correct media misinformation. No one knows if his efforts will make a difference yet, but there are many grassroots efforts composed of people who oppose the current president’s agenda. Read more at Washington Times.
Soros can do nothing to counter the president’s self-aggrandizing style or Trump’s extremely narcissistic behavior. Instead, he hopes to reduce the number of congressional seats held by Republicans. To achieve this goal, he plans on donating to campaigns and influencing Democratic party candidates in the 2018 midterm elections. Choosing to influence midterm elections make strategic sense. Historically, the party that does not control the White House fares better in the Midterm elections. The Media Matters billionaire, like many who share his political affiliation, believe gaining control of congress is the most effective way to stop many items on the president’s agenda.
Democratic party officials welcome Soros’s return to the political arena. They missed his participation after 2004, as he used a generous portion of his money to fund their candidates. Despite his disappointing experience in stopping President Bush, he understands that the nation faces a far greater threat now. Know more on cnbc.com about George Soros.