According to a recent article released by Politico, billionaire George Soros, who amassed his significant wealth in the business of currency trades, has gotten firmly back into the political arena, reigniting what had, for a time, been an uncharacteristically quiet hiatus. In 2004, in what would become one of the highest single efforts in history in terms of campaign backing, George Soros spent an estimated $27 million in efforts to defeat George Bush. It seems as if Mr. Soros has done it again. According to the Federal Election Commission records, in support of Hilliary Clinton, and other Democratic candidates, Mr. Soros donated an estimated $25 million. Today his fortune is believed to be in the neighborhood of $25 billion. Follow George Soros on twitter.com.
As Hilliary Clinton was set to accept the Democratic nomination, it was said that Mr. Soros would be attending his very first Democratic Convention, in support of Clinton, with whom he has a 25-year relationship. This trip was canceled at the last minute, as the 85-year-old Soros felt the economic situation in Europe needed his attention. As Mr. Soros has recently returned to active trading, this seems understandable. Despite this last minute change of heart, those closest to Mr. Soros seem to insist that he is more politically involved now than he has been in many years. He has openly expressed his opposition to Donald Trump, and many believe that this could be the reason he has intensified his political efforts recently. Know more on CNBC about George Soros.
Michael Vachon, Mr. Soros’ political advisor, recently went on record to remind the public that many of the issues that are nearest to George Soros’ heart are opposed by the Republican Party, and with Donald Trump at the helm, the stakes are extremely high. Mr. Soros isn’t the only wealthy activist lending a hand in response to Mr. Soro’s efforts. Don Sussman, Tom Steyer, Haim Saban, and Fred Eychaner, each titan in their respective fields, have all followed suit and donated significantly to the cause. The support of Hilliary Clinton’s wealthy backers has, in the estimation of some, given her a significant financial advantage over Donald Trump. Throughout the electoral process, George Soros has not been timid about his position regarding each of the Presidential candidates, and his process of political spending this year has even drawn comparisons to his efforts in the 2004 election, where he likened the Bush Administration to the Nazis.
When discussing campaign finance reform, it is impossible to do so without mentioning the 2010 Supreme Court decision known as Citizens United. The decision allowed for corporations to be treated as people and allows for special interest groups to contribute money to United States elections. As the corporate money is not possible to trace and does not have the same limits as private citizens, it is a decision that allowed for elections to be bought.
The group leading the charge to overturn this decision is End Citizens United. As of April 2017, the group has amassed more than $4 million for the year, and projects that going into the pivotal 2018 mid-term elections they will raise more than $35 million. This is a dramatic increase from the $25 million raised for the 2016 election cycle, which was the group’s first election season since being founded.
Over 40,000 people contributed for their first time to any Political Action Committee as part of the overall estimated 100,000 contributors to End Citizens United. With average giving around $12 per person, it is truly a grass roots effort for citizens to impact the way in which their government is run.
Tiffany Muller, the president and executive director of End Citizen’s United, states the group is focusing on helping champions of campaign-finance reform win elections in the House and Senate. She also states the primary reason most donors cite for giving is they feel the current political system to be unfairly biased against them, and that those “who can write the biggest checks get the biggest say. This is their way of fighting back.”
The Trump victory was a blow which the PAC is working to fight against. A recent benefactor of End Citizens United work is Democrat Candidate Jon Ossoff, running in his first election for a Georgia congressional seat. Ossoff surprised many political pundits by raising over $4 million in his campaign to win the April 18 special election to fill a then-Republican House seat in an Atlanta-based district recently left vacant by Tom Price accepting the position of Health and Human Services Secretary.
The group is also planning to back 2018 elections for Senator Sherrod Brown of Ohio and Jon Tester of Montana. Operating as a traditional Political Action Committee (instead of a Super PAC), the group is limited to receiving a maximum of $5000 per donor; End Citizens United ability to achieve the amount of fundraising it has accomplished has sparked renewed interest among other grassroots organizations devoted to campaign finance reform.
The democracy of any nation is tested during the election process. The votes of all countries determine the future of the nation. This is because the leaders in charge of a country can either build or destroy a nation. The real leaders must be put in the authority through free and fair elections for the right leaders to be in power. The election process of a country is governed by the parties and the government. This tampers with the objectivity of the process. It is important to note that the elections are transparent if the electoral commission is outsourced. This is the case for End Citizens United. It is a body established in the United States of America to ensure that the elections are open.
It is almost impossible to point out an actual body that carries out this role. End Citizens United provides that the process is done with honesty and utmost fairness. The major aspect that this organization operates under is that willing donors fund it. This is an issue that promotes fairness as it creates objectivity. This is because the donors are not politicians. They do not have access to controlling the resource of the organization. Elections in the USA were conducted in a fair way in the past until the Supreme Court judged that corporations could fund campaigns for politicians. This is a primary reason for establishing End Citizens United. This body was created to function as a watchdog to facilitate the financing of campaigns. Corporations fund campaigns to use politicians for self-interest. End Citizens United is fighting this vice.
The company has more than 20,000 members. It has raised $26 million. This enables the company to function independently. It is in position to put the right leaders in power. End Citizens does not have a self-interest in the election process as opposed to corporations. The company does not have a conflict of interest. It serves the benefit of the society in general. Its donors are approximately 270,00. This has made it gain the power that it holds as a body during the election process. The donors are majorly grassroots. It enables the people to practice their democratic rights.
The board of directors at the End Citizens United are individuals who are top leaders. They are used because they are powerful enough to dilute the money that creates the conflict of interest during elections. This enables the campaigns to be driven by the felt needs of the people in the society rather than the needs of the corporations that fund the campaigns. The citizens will be in a position to practice their democratic rights fairly and put the right leaders in power.
The Unsteady Waters Of The Future
We live in some unpredictable times. We can see examples of this through the recent turmoil seen in financial markets to the 2008 recession. In these troubled times people naturally want to find a way to make a safer future for themselves and their loved ones. What better way to do this than to invest in precious metals such as gold and platinum. It is an investment that has stood the test of time.
What Can You Do About It
You can always decide to invest in precious metals and protect yourself from many of the dangers we are headed towards. Gold isn’t like stocks or bonds or even real estate. It always has inherent value and you can keep it where you want.
It isn’t subject to the ebbs and flows of politics or many other issues that often keep investments artificially undervalued. This is an investment you can literally hold in the palm of your hands. For something like that there is no reason you shouldn’t be buying gold or some other precious metal today. Learn more about US Money Reserve: http://finance.yahoo.com/news/u-money-ceo-angie-koch-121500601.html
How The U.S Money Reserve Helps You
The U.S Money Reserve helps investors by giving them the ability to buy precious metals that are specifically derived from government approved sources. This means you aren’t buying something that might turn out to be something you weren’t promised.
You are going to get exactly what you are promised and you firmly rest assured that your investment is specially made to keep people like yourself able to rest knowing you are prepared for any disaster that might lie ahead. You don’t have to worry that you won’t have the ability to retire and enjoy your twilight years in peace.
The New U.S Money Reserve
According to Glassdoor, the U.S Money Reserve will now allow you the opportunity to invest from the comfort of your home with its new ecommerce website. This offers you the chance to invest by simply clicking away from your computer.
Outside of the services offered online there is now a direct response show hosted by Larry King from the U.S Money Reserve. Never before has investing in your future been so easy. The future isn’t something you can always predict with accuracy, but there is something you can do to make sure that you have the ability to protect your investments.