The 2016 U.S. Presidential election has been filling column inches and air time for major news networks and organizations since 2015, with campaign finances being an area of much discussion over the course of the current election cycle. Some candidates have been looking to self fund their campaign or allow the general public to make small donations as many have looked to change the way politics are completed in the U.S. Politico reports former Secretary of State Hilary Clinton has sought a more traditional approach to campaign financing that includes seeking the assistance of hedge fund billionaire George Soros.
George Soros has been a major political donor for a number of election cycles, but many Democrat’s in senior positions believed the Hungarian born Holocaust survivor had turned his back on political donating after his failure to back the reelection campaign of President Barrack Obama in 2012. The man who many believe takes the credit for breaking the Bank of England in 1992 has recently been more focused on his own charitable program, The Open Society Foundations, than political giving; Soros uses this foundation in his bid to bring the ideology of democracy and freedom to those trapped in closed societies. The campaign of George Soros as a political activist began with his decision to provide educational opportunities to those robbed of their human rights by the Apartheid policy in South Africa, The Open Society Foundations reports.
George Soros has been courted by many of the Super PAC organizations backing Hilary Clinton for the Presidency, and has now decided to throw his financial backing behind the Priorities USA group; this Super PAC is the largest supporting former First Lady Clinton in her campaign and hopes to continue providing support throughout the upcoming election cycle.
Read more: George Soros Gives Big To The Hilary Clinton Campaign
Hilary Clinton has recently been praised by George Soros for putting aside any issues that may have existed between the pair after the 2008 election and providing him with an open door to discuss policy. Senior Democrat’s have been pleased to see the return of George Soros to political giving after his 2015 donations to Super PAC’s supporting Hilary Clinton were reported to have totaled around $8 million; $1 million of these donations have been given to a second Clinton supporting Super PAC, and a further $7 million to the Priorities USA group. As an increasingly bitter election campaign seems to be heading towards a run off between Clinton and Republican real estate mogul Donald Trump meaning the ongoing support of major donors like George Soros will prove important to the chances of Hilary Clinton becoming the first female U.S. President.