Well they couldn’t buy the last election even with their “MoveOn.org”, Michael Moore’s hideous lies, hillarious Hollywood (official genius) endorsements, Dan Rather and all the other mainstream media, and countless other schemes to “get the vote out”. So now they’ll put up even more liberal cash.
[…] George Soros, who made his fortune in the hedge fund industry; Herb and Marion Sandler, the California couple who own a multi-billion-dollar savings and loan business; and Peter Lewis, the chairman of an Ohio insurance company, donated more than $63 million [$US] in the 2004 election cycle to organisations seeking to defeat George W. Bush.
At a meeting in San Francisco last month, the left-leaning billionaires agreed to commit an even larger sum over a longer period to building institutions to foster progressive ideas and people.
Far from being disillusioned by the defeat of John Kerry, the Democratic presidential candidate, the billionaires have resolved to invest further in the intellectual future of the left, one person involved said.
Their commitment to provide new money comes amid criticism of the efforts of high-profile donors such as the Hungarian-born Mr Soros to sway US politics as well as doubts about the effectiveness of record funding in helping the Democratic cause in 2004.
[…]
The sums involved are the subject of speculation: one person said he had heard a commitment to spend more than $100m over 15 years, another said at least $25m over five years. Several people said their understanding was that the billionaires had decided to spend more, rather than less, than they did in 2004.
Mr Soros donated $27m, the Sandlers $13m and Mr Lewis $23m to so-called 527 groups privately-funded political organisations during the 2004 campaign, according to PoliticalMoneyLine, the campaign finance tracking service.
Stephen Bing, a film producer and heir to a real estate fortune who donated $13m, is also expected to be involved in the investment in progressive infrastructure.
Andrew Stern, who is president of the Service Employees International Union, has been working to include organised labour in the initiative.
[…]
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