Big Spending And Big Expectations
Billionaire hedge fund manager George Soros spend a fortune in 2016 on political contributions. With the 2016 U.S.A presidential elections, the Syrian migrant crisis, and Brexit this year spiked the interest of George Soros. This year did not turn out well for the left. Brexit passed, European countries are pushing for tougher immigration policies, and Donald Trump is now president election of the United States. It wasn’t an easy fight for the right however. Soros and other powerful donors ensured that these political movements were ultimately close calls barely holding enough influence to succeed.
The European Scene
A major focus of Soros’ attention early on this year was in Europe. Europe experienced two major events this year motivated by concerns over immigration. The first of these concerns was the increase in migration from North Africa and Syria. Migrants are fleeing their countries due to war and a lack of economic opportunities, but E.U countries are struggling to assist them. In an effort to aid these migrants Soros gave the E.U $500 million dollars. Despite his efforts the migrant crisis would eventually result in the success of the Brexit campaign and other victories for the European Right.
The Trump Effect
After the nominations of Hillary Clinton and Donald Trump as the Democratic and Republican party nominees Soros took serious interest in the American presidential campaigns. Awakening from a long period of inactivity in American politics he decided to give $8 million to the campaign of Hillary Clinton. This contribution was soon followed by other major donors pitching in to give Hillary’s campaign a financial boost. Eventually Hillary Clinton was the center of the largest campaign in American history, but all of that effort would ultimately go to waste.
A Shocking Turn Of Events
The 2016 election took an unexpected turn of events. Although most polls placed Hillary Clinton with a comfortable lead Donald Trump ultimately eeked out an electoral college victory with gains in midwestern states such as Pennsylvania and Michigan. While George Soros found this news upsetting he has prepared for this unexpected outcome. He has shifted his focus towards finding a way to make sure that Trump fails to enact his agenda and restore power to the progressive left. To do this he turns to his fellow liberal donors.
The Democratic Alliance
To combat the rise of Donald Trump George Soros is relying on the Democratic Alliance. Formed in 2005 by Soros and other progressive donors the organization focuses on coordinating political contributions to targets the donors have collectively agreed to support. Last year the Democratic Alliance formed a new project called “2020 Vision”. This effort focuses on increasing the political influence of Democrats on a state level to eventually improve power on a national scale. To reach their goals the donors are seeking to improve outreach and has offered to support movements such as Black Lives Matter. Whether or not George Soros is successful in turning things around will come to light in the coming years.
Learn more about George Soros at OpenSocietyFoundations.org