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George Soros Democratic Party funding Presidential elections U.S. elections USA News

George Soros pours record $50 million into 2020 US presidential elections to take down Donald Trump

Soros has given Democrats an incredible amount of money in an effort to put Joe Biden in the White House

editor: REMIX NEWS
author: John Cody
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Billionaire financier George Soros has spent more than €42.2 million ($50 million) on Democrats’ election campaign for 2020 so far, which is a record amount, the Washington Free Beacon reported. It is about €25.3 million more ($30 million) then he spent in 2016 and there are still three more months to go, so it is fair to assume that the total amount will be even higher.

Federal Election Commission figures show that a “Democracy“ PAC, which was created by George Soros back in 2019, distributed almost €14.3 million in the last quarter alone.  

That also means that Soros has given €40,5 million ($48 million) to leftist groups, which is even more than Amazon, Facebook, Boeing, and Google’s parent company, Alphabet, have all given during this cycle of elections.

But besides that, Soros also officially gave €3.3 million ($4 million) directly to Democratic campaigns and committees outside of the PAC. The sum he is willing to give to defeat President Donald Trump has been thus more than doubled this time around.

“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. “George Soros’s unprecedented spending further highlights just how dependent Democrats are on contributions from billionaires, despite their hypocritical rhetoric.”

Hundreds of thousands from the direct finances go to the DNC-led Democratic Grassroots Victory Fund, the Nancy Pelosi Victory Fund, and the Biden Victory Fund, according to the figures.

Soros is all in for Joe Biden

Soros has been open about his disdain for Trump in the past, calling him a “dictator“, a slander he has directed at other leaders he disagrees with, including Hungarian Prime Minister Viktor Orbán. Now, Soros is actively supporting Joe Biden’s aspirations for president with millions of dollars. 

By diverting the money through the PAC and groups within the Open Society Foundation, Soros’s name is harder to nail down, especially in comparison to previous years when he made direct donations under his own name. However, if anyone takes a closer look at where all the Democratic money is flowing from, they will see that Soros is funding a huge part of the whole operation.

The New York Times published an interview with Open Society Foundations President Patrick Gaspard earlier this month. He announced that the organization intends to “double down” on funding black-led justice organizations.

A press release then specified that the largest share of this support would be through a set of five-year grants to Black-led justice organizations that helped to create and the momentum towards racial equality.

Soros has also been active in combating conservatives in Central Europe, with a particular focus on Hungary’s Orbán, with Soros ramping up his efforts against the country during the coronavirus crisis.

Soros has already been active in US politics for years, including with efforts this year to give every illegal migrant $1,200 in coronavirus stimulus money.