Liberal billionaire George Soros has pledged $125 million to sway the upcoming midterm elections in favor of the Democrats. History shows that the more money candidates have, the more likely they are to win the election.
Liberal megasponsor George Soros has poured $125 million into the Democracy PAC, a political action committee set to support Democrats in November. Soros’ spending on this PAC already surpasses the millions he donated in 2020. Soros announced his investment on Friday in a statement first published by Politico was reported. The money will be used to support “causes and candidates, regardless of political party,” working to “strengthen the infrastructure of American democracy: voting rights and civic participation, civil rights and liberties, and the rule of law,” the Liberal billionaire explained. Soros added that the donation to the Super PAC is a “long-term investment” intended to support political work beyond this year. Although Soros has pledged cash to candidates “regardless of political party,” the lion’s share is likely to go to the Democrats based on Soros’ political views and previous donations.
The donation means Soros has already given the Democracy PAC significantly more money than he did during the 2020 election cycle, which is not surprising given polls show Democrats are fighting tooth and nail for control of Congress to keep in November. In 2020, Soros gave the Democracy PAC $80 million, which the PAC then distributed to a variety of causes and candidates. Given that studies show, how much the use of money in the election affects the results, the financial support of the billionaire does play a role.
Soros’ son Alexander is President of Democracy PAC and told Politico the family sees the investment as a long-term one, necessary given the alleged “generational threat” to “our democracy” from the political right. Democracy PAC will release its spending figures next week after filing them with the Federal Elections Commission. However, according to Politico, she has already pledged $2.5 million to Senate Majority PAC and $1 million to House Majority PAC to keep the Democratic majority in the Senate and House of Representatives, respectively. Another $1 million went to the Democratic Association of Secretaries of State, showing Soros’ interest in lower-level elections. Secretaries of State oversee elections, and their role became clear in 2020 when it came to confirming an election that former President Donald Trump claimed had been “rigged” to his disadvantage.
Soros has also taken an interest in district attorneys and sheriffs, pouring $17 million into those campaigns between 2015 and 2019 pluggedto support far-left candidates. Some of these Soros-funded candidates are now overseeing law enforcement in America’s major cities. St. Louis District Attorney Kimberly Gardner, San Francisco Attorney General Chesa Boudin and Philadelphia Attorney General Larry Krasner have also had their campaigns funded by Soros and are used by Republicans for the crime wave blamedwho have experienced their cities since then.
On the Republican side, Trump’s Save America PAC has already raised almost as much money as Soros’ Democracy PAC did in 2020 and currently has around 60 million dollars. That money, combined with Trump’s support for conservative candidates, will be a powerful counterbalance to Soros’ near-limitless resources when the 2022 spending war erupts. Trump’s continued popularity among many Americans could well be the deciding factor here. Even if the ex-president has lost supporters with his recent statements on the Covid vaccination, he is still considered an important political workhorse. In addition, a success of “his” candidates could represent the prelude to a renewed candidacy for the highest office in the state. At least when they win.