George Soros Creates New SuperPAC to Influence Election
Aspiring James Bond villain, George Soros, is clawing his way deeper into America's political system, with a SuperPAC.
Democratic mega-donor George Soros is creating a new super PAC, called Democracy PAC, to serve as a hub for his 2020 election spending.
Soros, a billionaire financier, is putting an initial $5 million into the PAC, according to a person familiar with the new organization. Paperwork for the group will be filed with the Federal Election Commission on Wednesday.
Other members of the Soros family may also contribute to Democracy PAC, the person familiar with the group said. Alexander Soros, George Soros’ son, has in recent years taken on a growing role as a Democratic mega-donor himself.
Alexander Soros has his own PAC. George's PAC maintains the ironic "Democracy" brand, also seen on his Democracy Alliance, which, like his Open Society brand, is a fairly obvious overcompensation for criticism by calling his organizations the opposite of what they are.
Soros wants a closed society in which popular democracy is subverted by powerful financial interests. So he labels his orgs, Democracy.
What's less democratic than a money machine run by a radical who is reviled around the world, meant to influence America's political system?