‘Panicked’ Soros Bankrolls Obama Campaign

Matthew Vadum is an award-winning investigative reporter and the author of the book, "Subversion Inc.: How Obama’s ACORN Red Shirts Are Still Terrorizing and Ripping Off American Taxpayers."


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This new $1.5 million is over and above the $1 million that Soros pledged to America Votes, a get-out-the-vote group, and the $1 million he pledged to American Bridge 21st Century, a super PAC headed by the legendarily sleazy gossip columnist and admitted serial liar David Brock.

Meanwhile, Mother Jones, the media outlet that described Soros as “panicked” because Obama has yet to deliver a knockout blow to Romney, offered what looks like a case study in media corruption. The magazine posted a hard-to-believe retraction of the online story that contained the otherwise perfectly believable description of Soros’s state of mind. (Big Journalism has a screen grab of the article that you may read here.)

Integrity is in short supply at Mother Jones, which recently published the Romney “47 percent” video in an effort to help Obama even though possibly critical minutes of the off-the-cuff speech were missing. The magazine was founded by the same Marxists, hippies, and Sixties leftovers who facilitated America’s suicide attempt more than 40 years ago.

The article appeared on the magazine’s website for a while Thursday but was abruptly spiked. A notice indicated, “The story was based on information provided by a source; the source contacted us after the story was published and said the information was incorrect.”

The article quoted an unidentified friend of Soros saying, “I was really dumbfounded when I heard his voice on the other end of the phone. He was the last person I ever expected to hear from, given how antithetical he was to the big money slopping around the system. But he said that he was panicked about the fact that Romney could win this.”

An unidentified Democratic strategist –it’s not clear if it’s the same person as the unidentified friend— was described as saying, “What I find amazing about liberals and progressives is that they always wait till the last minute. It hadn’t dawned on this group of people before that this was a tight race. It stupefies me.”

It seems likely that Soros or someone close to Soros complained to Mother Jones and the story was pulled.

I tried to find out what happened.

The author of the article, Andy Kroll, referred my inquiries to Clara Jeffery, the magazine’s co-editor-in-chief. Jeffery denied being pressured. In an email she said:

Not sure what else I can add without repeating the error. Basically a source in a position to know about Soros’ donation (the fact of which has been previously reported far and wide), told us details that they then realized they’d been in error about. The source admitted the fault was theirs, and not Andy Kroll’s. We took the story down immediately upon hearing from source and issued the correction. To do otherwise would, in our opinion, [have] been journalistically irresponsible. We did not hear from Mr. Soros or his representatives.

With that said, it is a fact that the magazine’s 501c3 nonprofit, Foundation for National Progress, has received funding through Soros’s philanthropies, Open Society Institute ($225,000 since 2008) and Foundation to Promote Open Society ($100,000 since 2010).

Democracy Alliance chairman and Taco Bell heir Rob McKay was a member of the magazine’s board. Through the McKay Foundation he has given the Foundation for National Progress $165,000 since 1999.

Democracy Alliance member and RealNetworks CEO Rob Glaser has given FNP $211,329 since 1999. Another member, Stephen M. Silberstein, has given $117,000 since 2001 through his eponymous foundation. The Soros-funded Tides Foundation, founded by Democracy Alliance member Drummond Pike, has kicked in $126,417 since 2003.

Jeffery suggested the money played no role in the retraction:

The individuals (or their foundations) you mention are among the many people and institutions who have donated money to the FNP over the years; some of those you mention have not donated to the FNP in many years.  Nevertheless, when we’ve had occasion to write about them, or the Democracy Alliance, or OSI, we disclose this to our readers.

When I pressed Jeffery, asking her if the source specifically took back the claim that Soros “panicked,” she refused to answer, writing, “Sorry Matt, [I] just don’t have anything to add past what I’ve told you and what we’ve posted.”

Who knows how many more intrigues, cover-ups, and October surprises the Soros-funded magazine has waiting in the wings.

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  • Anamah

    It would be interesting to know all those gangsters, their network and financial activities around the world are scanned and investigated… It seems possible to find problematic connections, power and businesses.

  • Lady_Dr.

    I briefly worked as a grant writer for a non-profit. The minute I knew they had received an Open Society grant I knew exactly where they stood on all issues, prior to that I was puzzled. The job was an eye-opener. It seems that some of the 'nice' projects they supported included funding for women's education in 2nd world countries – alas, I eventually discovered that the reason it was women was to distrupt traditional cultures. That a few of these women had been beaten and even killed. Why? because while they had well-paying careers they lived in societies which believe that men should come first. So these women were sacrificed on the altar of radical leftism. Nothing wrong with women's education, etc. – but could it wait to the next generation for those in more traditional societies? Yes, but that would not serve the left's purpose.

    • http://www.facebook.com/ken.watson.94 Ken Watson

      It if far from clear that there is anything to "wait" for in the tribal cultures you describe. If the women were sacrificed, perhaps they knew the risks and potential benefits. However suspect the motives of the Soros cabal, there are some virtues demonstrated too. And lets not forget, absent philanthropy or modern contact of any sort, the women in these societies are apt to be mistreated or even killed for a number of indigenous reasons or indeed NO reason at all.

      • Stephen_Brady

        So, it's all right to be responsible for the death of women in tribal societies because they'll probably get killed, anyway? That's a strange notion …

  • http://www.facebook.com/ken.watson.94 Ken Watson

    What the? Georgi is pouring his mad money into ObamaPACs? That's as good a place for it as any. One only needs so many whores. But I don't understand this "panic" though the treatment of Mother Jones only lends to its credibility. Doesn't Soros know that Obama is up double digits in all the swing 57 states? Doesn't he know O is up 25 points with women (while down with married women, hmmm). Surely if, as has been reported, Obama is up SEVEN POINTS with the NASCAR crowd he is home, dry, parked in the garage and sipping a nice white wine spritzer. Yeah, that NASCAR one was definitely my favorite. He must be up fifteen points with WWF fans. At least.

  • Winston Blake
  • David Wills

    Soros wrote that he was “appalled by the Romney campaign, which is openly soliciting the money of the rich to starve the state of the money it needs to provide social services.”

    Let me think…yep, Soros could fund the social services, couldn’t he? And unless I missed something he, himself is among the rich. Just sayin’

    • pagegl

      Soros practices the left's mantra… Don't do what I do, do what I say.

  • clarespark

    There is an important tradition among social psychologists allied to the FDR administration and to wealthy Democrats in general that I have uncovered over the years. For an index to this research, see http://clarespark.com/2012/03/26/henry-a-murray-a… "Henry A. Murray and the Thematic Apperception Test." The Soros phenomenon is no novelty in our history and he alone is not to blame for molding minds to the advantage of the Left.

  • Stern

    But I thought leftists were appalled by Jewish billionaires funding political campaigns? Or is that only when the billionaire is Adelson and the political campaign is Republican?

  • amused

    Yea , about 15 minutes of effort . You all can go right here : http://www.opensecrets.org/pres12/
    -and get all the information , even the stuff Vadum LEAVES OUT / Soros has contributed 4.3 million and another 1.5 million to a Democratic Superpac ….no secret there , nor is it a secret that / Robert J Perry -8.0 million/ Sheldon Adelson-5.0 million /Miriam Adelson 5.0 million / Julian Robertson -1.2 million not to metion the Super pacs ….So WHAT'S YOUR POINT VADUM ? That individual donors are concerned ? Or is it that Super Pacs have no Agenda ?
    And WHAT IS IT that you call ELECTION RIGGING ? You mean like ALEC or a dozen other Republican/Conservative Super Pacs ?
    So Vadum …how come its routine when Repo/Cons do it ..and " sinister " when Democrats do it ? Their agendas are identical ….to get their candidates NATION WIDE into office More yellow journalism / more "journalistic opinion " .

    • Tom

      Because when ever Democraps do it, it is intended to undermine the rule of law, our Constitution and enhance control by the intellectual elitists. The left is a danger to freedom and individual rights in favor of the collective "social justice" fanatics. Equal opportunity does NOT mean equal results. Personal responsibility is what is totally ignored and lacking in the mindset of virtually all present-day liberals.

  • amused

    oh did I forget to mention another secret ? Perry , the Adelsons and Robertson all contributed those bucks to Romney. Shhhhh dont tell anyone ….they're too lazy or stupid to look it up . You can look up the super pacs TOO , both Republican and Democrat .

  • http://www.facebook.com/marvin.fox.526 Marvin Fox

    How strange! Another left wing multibillionaire complaining about Romney wanting to deny the state the largesse of the rich; The essence of social justice, the redistribution of wealth, is financial equality between the rich and the poor, not withholding money from the state. The social justice promoters seem to have divorced themselves from both the 'social' and the 'justice' connection to social justice to favor the security of their own wealth. Believing rich Left Wingers are going to give up their own money for social justice is the opiate of the Left Wing. L.W.s, accept this challenge; name the the rich Left Wing rich person who has redistributed his own wealth to the masses and became their equal, and the leader among those demanding social justice.
    Marvin Fox

  • amused

    LOLOL…..how many Right wing billionaires are whining about Soros . BTW look at the pie charts on donations to either candidate Obama's got Romney beat by a longshot in the categories of donation of under a hundred dollars , and under fifty dollars .
    But thanks for expressing how brainwashed you are ..again Marv . btw lol…"opiate of the Left wing " lolol…gimme a break Marv , aint you stealing someones quote ?

  • Fritz

    Interesting how Soros prefers the way things are run in China believing that they have a "More efficient Government", Maurice Strong, Soros' Canadian fellow traveler believes the same. Maybe someone hasn't explained this to George but if he had been caught pulling the same sort of insider trading and currency manipulation scams in the people's republic he would be paying for the ammo at his own execution, that is how "efficient" they are there with people like him. But maybe he is still under the delusion from his youth in Hungary that he possess some special immunity from the brutal whims of tyrants by playing the Judas goat?

  • Guest

    Reading that makes one wonder how much Soros would be worth on the market. The Muslim market.

  • Guest

    Reading that makes one wonder how much Soros would be worth on the market. The Muslim market.

  • mediachecker

    Note to "amused" – it's called hypocrisy.