George Soros phased out his political donations after a spending spree of $27 million to defeat President George W. Bush in 2004. The 85-year old billionaire investor surfaced in 2016 where he actively donated towards Hillary Clinton’s election campaigns. George Soros emerged as the top donor to her presidential ambitions by donating over $25 million. In addition, Soros supported other democratic candidates and events. This was according to the reports acquired from the Federal Election Commission and interviews with his democratic fundraising operatives and associates on Biography. People close to him posited that there was the possibility of the mega donor to spend even more as the Election Day approached.
George Soros’ willingness to give cash to defeat Trump proved to be a catalyst to other rich activists on the left. Other elite liberal donors were motivated to cash in big checks. They included Tom Steyer, San Francisco environmentalist who in total donated $31 million in 2016 on opensocietyfoundations.org. He donated much of the money to a super PAC that he headed. Don Sussman, a New York hedge funder committed $13.2 million while Haim Saban and Fred Eychaner, the media moguls, donated $11.1 million each.
According to Michael Vachon, George Soros’ political adviser, Soros active involvement in the 2016 elections has been driven by the hostility in the issues that he advocates for, including immigration reforms, religious tolerance and criminal justice reforms. His huge support for Clinton was also fueled by his strong friendship with her since they have known each other for over 25 years. George Soros had planned to attend the Democratic convention to watch Clinton accept the Democratic presidential nomination but he failed due to trading commitments back in Europe.
After Donald Trump emerged as the winner, George Soros together with other political donors, who spent massively in support of Hillary, have embarked on plans to resist Trump. The rich liberals are secretly meeting at Mandarin Oriental hotel in Washington to retool the huge amount of money left to resist Donald Trump, whose 100-day plan is viewed as a “Terrifying assault on President Obama’s achievements,” according to the liberals. The conference, which is sponsored by the Democracy Alliance donor club, will include leaders of top unions and liberal groups. According to the conference’s agenda and other reports acquired by POLITICO, House Democratic leader, Nancy Pelosi, Keith Ellison, co-chairman of the Congressional Progressive Caucus, and Sen. Elizabeth
Warren will be present.
The conference marks the institutional left’s first major gathering since the unexpected victory of Trump. The agenda of the meeting is to plan warfare against Trump. Some sessions will discuss how to thwart the President-elect’s 100-day Plan while others will focus on bracing for 2017 and 2018 elections. This conference is happening when most of the liberals are reassessing their political approach and the Democratic Alliance’s (DA) role. In the past decade, the DA, its donors and the beneficiary groups have played a major role in building the institution of the left.