If Joe Biden is actually beating President Trump like the polls suggest, then why is George Soros pouring a record amount of money into the 2020 election?
A new report indicates that Soros is giving approximately $52 to various Democratic candidates and PACs.
This is over double his previous record of $22 million.
Ironically, Biden's campaign pledges to reduce the influence of money in politics.
Yet… Biden himself is also benefiting from the massive donations coming from George Soros. He is single-handedly contributing $30 million more to 2020 elections compared to the 2016 elections.
More details on Soros' influence below:
With traditional campaigning suspended due to COVID-19, the importance of money will be greater than ever.
For example, since campaigns can't hold rallies, they'll be relying on television commercial ads as well as digital advertising to get their message across to voters.
Much of the money Soros is donating will likely be spent on campaign advertising as well as hiring political consultants.
According to the Washington Free Beacon:
Liberal billionaire George Soros has flooded Democratic PACs and campaigns with $50 million this election cycle, shattering his personal record by tens of millions with four months to go before the elections.
Soros ramped up his political spending this cycle through the Democracy PAC, which he created last year to pump large sums into the coffers of other left-wing groups. New filings to the Federal Election Commission show the PAC doled out nearly $17 million last quarter, bringing its total cash disbursements this cycle to $48 million. Soros gave another $4 million directly to Democratic campaigns and committees without first depositing the money into his PAC. The $52 million cash influx is more than double Soros's previous high of $22 million, which came during the last presidential election.
Democratic candidates benefiting from Soros's cash have railed against the influence of money in politics. Joe Biden's government reform plan includes a promise to "reduce the corrupting influence of money in politics." The presidential candidate's website says, "We could improve our politics overnight if we flushed big money from the system and had public financing of our elections…. Democracy works best when a big bank account or a large donor list are not prerequisites for office."
Such rhetoric from Soros-backed candidates has drawn criticism from the right. "While Democrats across the country sanctimoniously rail against the influence of dark money in politics, their party’s largest donors are bankrolling a massive web of liberal organizations to get them elected," one GOP operative told the Washington Free Beacon earlier this month. "George Soros's unprecedented spending further highlights just how dependent Democrats are on contributions from billionaires, despite their hypocritical rhetoric."
Soros is one of several Democratic megadonors who opened their checkbooks last month to provide large sums to outfits backing Biden and hammering Republicans. The Biden Victory Fund in particular has benefited from a windfall of cash. It pulled in a whopping $83 million thanks to the Democratic Party's wealthiest donors, including Soros, who donated $500,000.
The liberal billionaire is taking steps to obscure his election spending this cycle. In the past, he made donations to groups directly in his own name. This cycle, he has operated primarily by transferring tens of millions from the Fund for Policy Reform, a $750 million nonprofit in his sprawling Open Society Foundation network, into Democracy PAC. The PAC then disburses it to other Democratic PACs and committees. This arrangement allows Soros to keep his name from the top of donor lists. His $50 million in contributions makes him the largest donor of the 2020 cycle, though only $8 million is coming directly from him.
What's particularly worrisome is the Soros is not a moderate or even a classical liberal.
He is considered a radical leftist, even by objective standards.
Much of his 2020 election contributions will likely go to far left radicals such as AOC, the Squad, and young Democrats trying to get elected into Congress.
So why is Soros pouring a record amount of money into the election?
Well, he's on the record claiming that President Trump is the greatest threat to the world.
He even accused President Trump of setting the US onto the course of nuclear war.
CNBC confirms Soros' radical prediction:
President Donald Trump has the U.S. on course for a nuclear war with North Korea, billionaire investor and progressive political activist George Soros said Thursday.
In a blistering critique of the country under Trump’s leadership, the head of Soros Fund Management and the Open Society Foundations painted a bleak picture.
“The fact of nuclear war is so horrendous that we are trying to ignore it, but it is real,” Soros said during a speech at the World Economic Forum in Davos, Switzerland. “Indeed, the United States is set on a course towards nuclear war by refusing to accept that [North] Korea has become a nuclear power.”
“This creates a strong incentive for North Korea to develop its nuclear capacity with all possible speed, which in turn may induce the United States to use its nuclear superiority pre-emptively, in effect to start a nuclear war to prevent a nuclear war, obviously a self-contradictory strategy.”
That wasn’t the only place Soros attacked Trump.
He compared the president to Russian strongman Vladimir Putin, saying Trump also would like to create a “mafia state” that suppresses individual rights. He can’t “because the Constitution and the institutions and a vibrant society won’t allow it.”
Soros said he is using his foundation and the billions at his disposal to “protect the democratic achievements of the past.” Soros was an active supporter of Hillary Clinton during her unsuccessful campaign against Trump in 2016. He reportedly had lost about $1 billion when the market surged higher after Trump’s victory.
“Not only the survival of open society but the survival of our entire civilization is at stake,” he added. “The rise of leadership such as Kim Jong Un in North Korea and Donald Trump in the United States have much to do with this.”
To head off a nuclear crisis, Soros recommended a “carrot and stick” approach in which North Korea is rewarded for “suspending further development of nuclear weapons.”
As for the U.S., Soros said he will be mobilizing his own political forces to try to defeat Trump.
In 2016, Trump was the underdog and still prevailed.
There's no reason why he can't pull off another upset victory in 2020.
Despite the dark money going towards the Biden campaign, President Trump can still find a dominating path to victory.
He's a master communicator, and despite the challenge of COVID-19, will find a way to speak to the hearts of the American people!