Billionaire George Soros has emerged again to become one of the highest funders of Democratic Party Politics. Sources close to the investor have revealed that he has committed about $25 million towards the activities of the Democratic Party. The money will go towards boosting the causes of presidential candidate Hillary Clinton as well as other candidates across the country. Famed for attempting to unseat President George Bush in 2004, George Soros went back to his businesses. With his reemergence, there is no doubt that lady luck has smiled at him again, and he is ready to pick up from where he left both politics and in business.
A return to active trading
A close associate says that George Soros has returned to active trading. This is the reason why despite his involvement in the activities of the party, he could not attend the Democratic Convention. Although he would have wanted at all costs to watch Hillary giving her acceptance speech at the convention, the billionaire preferred to keep off because he was busy monitoring the economic situation in Europe on wsj.com. Soros has a close business relationship with Clinton dating back to over twenty-five years.
More politically engaged
Despite missing the Convention, there is no doubt that Soros is now more politically engaged than he has been for years. He also seems to be more motivated. His faith in Clinton and a strong fear for the GOP nominee Donald Trump seem to be his main sources of motivation. He has criticized the Republican Candidate for stoking fears. In a recent speech, Soros accused Trump of doing the work of ISIS. His activeness has already had a major impact on the activities of the Democratic Party. For instance, there is an increased funding from sources that were reluctant to fund the party several years ago.
High political stakes
Michael Vachon, Soros’ political adviser, believes that one of the reasons why his boss is more involved in funding the activities of the Democratic Party is because the political stakes are high. He says that the stakes are high because of the hostility stemming back to even before Mr. Trump became a nominee. Indeed, Soros has been involved many issues such as reforms, immigration, criminal justice, and religious tolerance. According to the adviser, these are the issues that Trump wants to derail based on his plans should he win the presidency.
Most Democrats have already welcomed Soros’ willingness to offer the cash terming it a good sign for Hillary Clinton. He is the perfect example of the kinds of donors that the presidential hopeful needs. He sure has the potential to inspire more giving by other wealthy activists on Politico. This is more likely to happen because he also is a donor from the left and his influence is unquestionable.