Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

George Soros and Other Rich Guys to Infuse Democrats With $100 Million for Grass-Roots Efforts

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-08-12 02:11 AM
Original message
George Soros and Other Rich Guys to Infuse Democrats With $100 Million for Grass-Roots Efforts
Edited on Tue May-08-12 02:37 AM by Divine Discontent
http://nymag.com/daily/intel/2012/05/george-soros-other... (More at link)


Billionaire investor George Soros will be supplying $2 million to independent Democratic groups focused on grass-roots election efforts as part of a greater donor initiative to enhance outreach and voter registration operations. Soros will divide his donation equally between America Votes, a group that provides coordination and campaign support to progressive organizations; and American Bridge 21st Century, a super-PAC that focuses on communications and election-oriented research. Soros's contribution will be part of a nearly $100 million boost from other major liberal donors to like-minded causes and efforts. According to a New York Times report, Soros and others are pledging funds to grass-roots-type groups in part because they don't believe they can match the massive Republican super-PAC-funded negative television ad bombs, but also as a symbolic rejection of the Supreme Courts Citizens United decision, which gave birth to super-PACs that may spend on campaigns without limits.

Beneficiaries of the $100 million infusion from the major liberal donors include organizations like the Latino Engagement Fund (part of the Democracy Alliance), a group that works to register and turn out Latino voters for Democrats.

The Soros donation came on the same day that the Obama campaign announced a $25 million ad blitz in swing-state this month, what the Times writes is an indication that the re-election campaign doesn't expect the major donors to support advertising efforts at this time. But the Obama campaign isn't (yet) fighting negative ads with negative ads either, at least not according to senior adviser David Axelrod who pointed to the campaign's positive bend:

"I believe that by the end of this week -- certainly by the end of next -- we will have spent more money offering people a positive vision for the future, talking about the president's record and the nation's record under his leadership and where we're going than Gov. Romney has in his entire campaign," Axelrod said, "and there's a reason for that."


--------------------

$2 mil of your billion fortune, George? Don't hurt yourself. Ha, I know that's a lot, but still - The Koch brothers are spending around $60 million. Of course, their's will be in a losing cause, but certainly, it would help if rich liberals could match their donations, but sadly, with the SCOTUS decision allowing unlimited corporate money into the race, it's nearly impossible.



Get it here----->>>>>
http://www.zazzle.com/rmoney_mitt_romney_bought_paid_fo...



Printer Friendly | Permalink |  | Top
No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-08-12 05:46 AM
Response to Original message
1. Super PACs backing Lugar outspent those backing Mourdock, yet Lugar seems on his way to losing.
Printer Friendly | Permalink |  | Top
 
No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-08-12 07:50 AM
Response to Original message
2. Maybe there is a point of diminishing returns re: spending money.
The candidate who spends the most is not always the candidate who wins.

At some point, what you stand for matters.

As for Lugar, specifically, he apparently made some glaring mistakes, such as not having a home in his "home" state since 1977 and improperly charging taxpayers for hotel expenses.

http://abcnews.go.com/Politics/OTUS/social-network-fren...
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Tue Sep 23rd 2014, 06:29 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC