Almost everybody has now heard the name George Soros in relation to either his success as a hedge fund manager or as a political donor, but the Hungarian born survivor of the World War II Holocaust has only recently made a triumphant return to political donating. George Soros has become one of the best known political donors largely for his major backing of Democrat John Kerry during the 2004 election; despite many conservatives name checking Soros as a major political force he largely sat out the Presidential elections of 2008 and 2012. George Soros returned to political giving in 2015 largely to respond to the issues he saw arising with the rise of many right wing extremists reaching positions of power within the Republican Party in the U.S. Read more at The New York Times about George.
Forbes reports George Soros developed his own hedge fund in 1969 and reached high levels of success as a financial expert by monitoring the political situation in nations across the globe where he believed he could take a gamble on the currency of any nation. As a globally recognized financial expert George Soros reached the public consciousness in 1992 when he correctly predicted the devaluation of the British Pound and was reported to have made $1 billion in a single day. Soros believes his own skills as a financial expert have given him the opportunity to obtain a deep understanding of how global politics work and how events can be influenced by individuals in positions of power. Politico reports George Soros was instrumental in the development of the Democracy Alliance group in 2005 that includes many of the wealthiest left wing donors to the Democrats who often look to George Soros to provide guidance about where to pledge support as major elections draw closer.
The establishment of the Democracy Alliance came in the wake of the 2004 election loss of John Kerry that saw George Soros provide more than $27 million in campaign funds in a bid to defeat incumbent President George W. Bush. The group once again looks to take center stage as Politico reports Soros and his fellow liberal donors are now looking for new ways of providing funding for candidates and good causes to protect the legacy of outgoing President Barrack Obama; George Soros has already warned of the dangers to the left posed by the arrival of President Donald Trump and the rising number of Republican politicians in important positions in Washington and states across the U.S. For George Soros the need to provide an active and successful left leaning option for the people of the U.S. is not only a decision made for his own personal reasons, but also to make sure the rights of individuals around the world remain protected with the support of a caring U.S. Government.
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