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Despite being one of the favored donors of the Democratic Party in the U.S. and a target for many conservatives in the country hedge fund legend George Soros has largely sat out the Presidential elections of 2008 and 2012. Hungarian born Soros had become a well known donor during the 2004 election when he tried to push Democrat John Kerry’s campaign to the White House, but has returned to the political arena in 2016 in a bid to help former Secretary of State Hillary Clinton become the first female President of the United States on Politico; Soros is reported to have provided more than $25 million for the Clinton campaign and the Super PAC’s providing her with support.
In 2004, George Soros provided the campaign of John Kerry with around $27 million in a bid to defeat incumbent President George W. Bush. The next campaign in 2008 saw Soros become an early supporter and donor for the campaign of President Barrack Obama, but Soros has reportedly expressed his regret at not throwing his support behind Hillary Clinton in 2008. Former First Lady Clinton and Soros share a 25 year political relationship that has seen Soros given almost unlimited access to the presidential nominee in recent years to learn more about her plans for the future if she wins the 2016 election.
Read more: George Soros Interviews & Lectures
Not only has George Soros made his return to political giving in recent years after spending the majority of the last decade concentrating on his own Open Society Foundation charity, but he has recently returned to active trading for his own hedge fund company. George Soros has an interesting life story that includes his own refugee story after he was freed from imprisonment in his native Hungary during World War II. The concern Soros has shown over international events has prompted him to miss the recent Democratic convention as he was concerned about events in the Middle East and Europe; the investment specialist with an estimated fortune of close to $25 billion has also accused Republican nominee Donald Trump of doing the work of ISIS during his campaign speeches.
Aides close to the billionaire explain Soros had already made his return to political giving before Donald Trump became the Republican Presidential candidate, and has so far provided around $25 million in support of nominee Clinton and other Democratic causes. Political experts have explained the return of George Soros could prove successful for Democrat’s across the U.S. as his political giving has already inspired others to provide large levels of funding, including major donors to the Democrat’s Don Sussman and Haim Saban who have both written multi-million dollar checks in support of Democratic candidates and causes.
A former consumer protection official in Texas has come forward to state that he was ordered to stop an investigation into the operations of Trump University, a controversial entity once owned by presumptive Republican candidate Donald Trump.
According to a June 4 report by the Associated Press, John Owens was Deputy Chief of Consumer Protection in Texas in 2010, which is when his state agency conducted a fraud inquiry into the defunct Trump University, a private learning institution that once offered a real estate investment curriculum.
At the time of the investigation, Owens was contemplating a lawsuit against Trump University as part of an effort to recover more than $2 million that former students claim they were cheated out of. It so happened that the State Attorney General at the time, Greg Abbott, ordered the investigation closed as soon as Trump University folded.
Three years after the aforementioned incident, Donald Trump donated $35,000 to the electoral campaign of Greg Abbott, who would eventually become Governor of the Lone Star State. Governor Abbott secured the Republican ticket and is thought to be a Trump endorser.
The sitting Texas Attorney General Ken Paxton has moved to silence Owens, and Governor Abbott’s office has issued a statement that seeks to dispel any connection between the Trump campaign donation and the order to suspend the investigation on Trump University.
In the meantime, presumptive candidate Trump has faced increased scrutiny about his former dealings with Trump University. He has stated that the fraud allegations filed in federal and state courts against Trump University are baseless.
Bernie Sanders has no intention of backing out of the race to get to the Democratic nomination. It’s not every day that you have a chance at running the country, so he shouldn’t feel pressured to drop out of the race. However, some already believe that Hillary Clinton and Donald Trump will be the two on the ballot in November. Sanders probably can’t mathematically win the nomination, but he wants to make sure his voice is heard. He wants to make the country see that Clinton wouldn’t be the right choice as a leader. Republicans are struggling with Trump as a representative, and Clinton just doesn’t seem to know what she wants in terms of leading the country. At least Sanders has a few ideas in place as to how to get the economy back on track and how to make sure the citizens of the country are cared for if he were to be President.
Filings made with the Federal Election Commission on May 20, 2016, indicated financial data that may interest political scientists and campaign historians. Although Republican presidential candidate Ted Cruz withdrew from the primary race early in May, his campaign possessed adequate funding at the time for him to have remained on the stump. During the primaries, the Cruz campaign raised a comprehensive total of $141,868,484 and spent $112,064,426. The available cash on hand would likely have allowed Senator Cruz to continue in the race if he had decided to pursue that option.
Senator Cruz also fared comparatively well in the fundraising process. Of all the Republican candidates who eventually dropped out of the race, he raised more money than anyone else except for candidate Jeb Bush. Filings made with the FEC on Friday reportedly disclosed that his campaign raised $10.9 million in the month of April alone, a period in which the campaign spent $10.3 million.
On Friday, several super PACs that had supported various candidates in the Republican and Democratic primaries also filed financial disclosures. The Trusted Leadership PAC, which had backed Senator Cruz in his efforts to obtain the Republican nomination, ended the month of April with $1.1 million in available cash on hand, after raising and spending nearly $3.7 million during the month. The financial data filed with the FEC suggests that the presidential primary races during 2015 and 2016 have already resulted in the expenditures by candidates of significant sums of money.
Members of the campaign for Bernie Sanders have slammed Hillary Clinton for thinking that she is the nominee for the Democratic party in the running for President. Sanders is still in the race, and he intends on receiving several more delegates before the convention. His campaign members aren’t giving up until there is a definitive nomination. No one is sure why Clinton is already calling herself the nominee, but they are not pleased with her statements. Mathematically, Clinton is right at the nomination. However, Sanders could still pull off a win if he secures the majority of the next primaries. This is why they don’t want Clinton to begin telling the country that she is the nominee since Sanders isn’t completely out of the race. The past few states have disagreed with wanting Clinton as the nominee, and Sanders has made this clear in recent press conferences.
Reports filed with the Federal Election Commission indicate that the cost of maintaining national presidential campaigns in the United States has become fairly steep. For instance, since he commenced running for the Democratic nomination, Senator Bernie Sanders of Vermont has spent almost $207 million. His chief opponent, former Secretary of State Hillary Clinton, has expended slightly less, some $182 million. She began the month of May with a comfortable $30 million in cash available, compared with Senator Sanders’ $6 million.
During a rousing campaign trail speech that touched upon a wide array of public issues on Friday, May 21st in Santa Fe, Senator Senators alluded to campaign finance. He addressed about 2,500 supporters in a crowded gymnasium, where he decried the “corrupt campaign finance system“. The Sanders campaign during this primary season established national records for small donor contribution, raising 94% of its funds online from some 2.4 million contributors.
Now, with a limited period of time remaining until the conclusion of the Democratic primary season, the Sanders campaign trails the Clinton campaign in both available funding and delegates. Although Senator Sanders has raised millions of dollars in funding, he has also spent these campaign funds more liberally than some opponents. FEC filings reveal that the Sanders campaign has engaged in extensive advertising expenditures in California, for instance.
Mrs. Clinton presently requires only about 100 additional delegates to clinch the Democratic Party nomination. The upcoming primary races next Tuesday may prove critical for the hopes of both campaigns.
Special thanks to Lifetime Enterprises Limited for pointing out this interesting occurrence.
With the race for the Democratic Nomination heating up, it’s beginning to look like frontrunner Hilary Clinton, has some competition on her hands. The delegate count currently sits at 671 for Clinton and 498 for Sanders. On paper, it looks like a pretty close race. Until you factor in the votes of super delegates, says Lifetime Enterprises Ltd.. For those not familiar, superdelegates are career politicians and Washington big-wigs, who are able to assign delegates to either candidate regardless of whether they have received the popular vote.
So far, 473 superdelegates have put forward their votes, with a whopping 95.3% going to Hillary Clinton. It begins to appear even more corrupt when you run some of the numbers. In the 19 states that have voted, there have been over 7 million total votes accounting for 1,129 delegates. This means that each delegate, according to Lifetime Enterprises, is equivalent to around 6200 individual votes. Now, to really understand how corrupt this system is let’s take a closer look at the superdelegates. The 473 superdelegates that have voted, account for 41.8% of the delegates that have been awarded. That means, that these 473 career politicians carry the same power as 2,926,000 actual voters. So while you may think that the race is just getting interesting, remember that the superdelegates have no problem subverting the will of the people.