George Soros has been the subject of a great deal of politico.com news recently due to his gloomy and plausible prognostications in regards to the impending Chinese market financial crisis. This focus on the outspoken financial guru has only intensified as of late and taken a decidedly political turn after Soros donated six million dollars to Hillary Clinton’s primary super PAC, Priorities USA Action. This was not, however, the first donation Soros made to Clinton’s presidential efforts for the year. Indeed, he also donated one million dollars, earlier in the year to the same super PAC and cashed the check for another cool million for American Bridge 21st Century, another high grossing Clinton affiliated super PAC.
This marks a big comeback for the multi billionaire to the political campaign scene, whom has been previously quite reticent to back political candidates. This was not always the case, however, back in 2004 Soros dropped more than twenty million dollars in a attempt to best President George W. Bush. However, after that financial campaign failed Soros feel out of campaign finance and was silent for several years.
But in 2012 Soros decided to back president Barack Obama who was then running for reelection against accomplished business man Mitt Romney (of “binders full of woman” fame) and donated a million dollars to priorities USA, who was then one of Obama’s leading super PAC. Soros also expressed regret to Hillary Clinton about choosing Barack Obama over her, a sentiment which has lead to the alliance being formed for the upcoming 2016 presidential election. And it’s a alliance that probably will continue to yield stunning results, indeed it already has. For example, Soros’s donations, in conjunction with several other well known political activists and backers, such as Haim Saban, his wife Cheryl, Herb Sandler and Donald Sussman, brought Hillary’s Priorities USA super PAC to over 41 million for the fiscal year – and that’s nothing to shake a stick at. Whether or not Soros will make any further major donations to the Clinton campaign remains uncertain but what is certain is that her super PAC’s make Clinton, currently, the most well funded candidate in the race.