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Ann Nolan

Plan For The Perfect Home

Facts that Prove George Soros is Not Funding Kasich’s PAC

There has been a popular pro-Cruz ad that put a claim that George Soros is funding John Kasich’s PAC. The ad features the image of Kasich and Soros with a caption of “Hundred of thousand dollars from George Soros”. The narrator of the ad states that millionaires are working with Soros to bankroll Kasich’s Political Action Committee on openscoietyfoundations.org. Unfortunately this idea spread and some blogs published it.

Investigations in to this claim brought the truth that George Soros on forbes is not bankrolling New Day for America which is Kasich’s PAC. Tom Sutton, a professor of political science at Baldwin Wallace University shed light on the above claim and why it is false.

Sutton explains that donors for super PAC are public and that if Soros wanted to give his donations he wouldn’t have to hide it. He further explained that Soros couldn’t possibly use the name of other people to achieve a shadowy deal. He said, “If he’s artificially manipulating Kasich’s campaign in the name of other people, just look at the list of the donors and explain all these companies that have given more.”

The donor list on http://www.marketwatch.com/story/george-soros-heres-my-plan-to-solve-the-asylum-chaos-2015-09-29 brought more clarification that Soros was not giving donations to New Day for America. Among the donor list were two individuals who once worked for Soros. Scott Bessent worked for Soros as a chief investment officer while Stanley Druckenmiller managed his assets. Bessent who has a hedge fund company made a donation of $200,000 for the super PAC and gave $2,700 directly to Kasich. Druckenmiller on the other hand donated $450,000. A PAC leadership spokeswoman clarified that the above two donors are the reason Soros was falsely linked to Kasich.

George Soros has only made donations to Priorities USA Action as confirmed by OpenSecrets.org, a site that tracks campaign donations. Priorities USA Action is the PAC that supports Hillary Clinton the Democratic presidential candidate. Soros actions further show that he has no affiliation to Republican candidates. He gave funds of $25,000 and $1 million to the pro-Clinton Ready PAC and American Bridge 21st Century respectively which are organizations that oppose the actions of Republican candidates.

Sutton explained that the ad’s claim of “Millionaires working side by side with George Soros are bankrolling super PAC” is silly and that the notion displayed by the ad is impossible based on campaign finance rules. One of the rules is that the political candidates cannot have any contact with their supporting PAC or donors yet this ad claimed that such a direct relationship existed between Soros and Kasich.

Fortunately, the conspiracy behind this ad has become a failure as all the facts point to it being a false claim. The combined amount of Soros’ former workers can hardly be described as bankrolling and furthermore, Soros makes his donation to the Democratic candidate and courses that oppose Republicans. Politifact Ohio news site from which this article based its facts also drew the same conclusion of a false claim.

George Soros Politico

George Soros is a legendary investor and speculator. He and Warren Buffet are the only two men who generated profits of 30% per year consistently for 30 years. He left active trading in the 1980s to pursue a second career in philanthropy. He established more than 100 Open Society Foundations in countries around the world. The goal is to promote an open society based on individual respect and trust.

Soros’ philosophy regarding his philanthropy is best summed up in his writing entitled: “My Philanthropy” “I occupy an exceptional position. My success in the financial markets has given me a greater degree of independence than most people. This obliges me to take stands on controversial issues when others cannot, and taking such positions has itself been a source of satisfaction. In short my philanthropy has made me happy. What more could I ask for? I do not feel, however, that I have any business imposing my choices on others.”
His accomplishments include writing several books, essays and commentaries on world affairs. He is a giver to liberal causes and recently has donated millions to political candidates whom he feels will advance the cause of freedom. His latest contribution is for $6 million to Hillary Clinton’s Super Pac in her bid for the Presidency of the United States. He added another $2 million making a total of $8 million.

Political candidates are now able to receive unlimited funds under a 2010 Supreme Court decision. Prior to that time we had Political Pacs but donors were limited to $2500 for the Primary and $2500 for the election making a total to $5000. In Citizens United vs. Federal Election Committee, The Supreme Court said that: “Limitations on corporations and union spending to influence elections was unconstitutional. Further, Justice Kennedy wrote: “We now conclude that independent expenditures do not give rise to corruption or the appearance of corruption.”

Whether you agree or disagree with Super Pacs, they are a major force in political campaigns. There are Super Pacs on both sides of the political spectrum. Large sums are being donated to Republican candidates as well.