Democrats have a reason to smile. The reemergence of George Soros seems to be working in their favor. The multi-billionaire hasn’t been into politics since 2004. Then, he was fighting to see to it that the former president, George W. Bush, didn’t win the elections. He did this by funding the campaigns of the opponents. He spent over $27 million during that period. Since then, the businessman has been on the low on matters of politics, until now. As the 2016 elections edge closer, Soros is re-emerging. George Soros’ support for the Democrats is clear by the way he is spending money on their campaign.
Until now, Soros has donated and pledged over $25 million for the Democrats. Most of the funds have gone to Hillary Clinton, the Democrats’ presidential candidat on nbooks.com. Other Democratic candidates have also benefited from Soros’ donations. This is according to the Democratic fundraising operatives. Associates of the wealthy investor have suggested that Soros is expected to pump in more funds as the D-day approaches. Soros got his wealth by undertaking risky currency trades. The trades earned him an alleged $24.9 billion.
Part of the reason that Soros is supporting Clinton is because the two have been allies for over 20 years. George Soros had eve planned to attend the Democratic convention, an event that would see Clinton being officially crowned as the preferred Democratic presidential candidate. He, however, didn’t attend the event. Sources close to Soros state that the businessman was caught up analyzing and monitoring Europe’s financial situation, since he had gone back to active trading.
What makes Soros’ comeback quite noticeable is the fact he seems rejuvenated, and is giving the political scene on NY Times all the attention he can. This is unlike the other years. Those close to him explain this by stating that, his commitment to the democrats is due to his unshakable faith in Hillary Clinton. What makes the commitment even deeper is the fact that, Soros has been known to be Trump’s rival for long. He, at some point, even compared the way Trump stoked fear to his employees to work of ISIS. Michael Vachon, Soros’ advisor, also conquers that his boss has been active politically. Vachon states that Soros’ spending has been exceptionally high this time. He, however, states that the reason to this is that, Trump’s ideologies don’t conquer with what Soros stands for.