Archive for September 18th, 2008

George Soros: Barack Obama’s Money Man and Agenda Puppeter

Posted on September 18, 2008. Filed under: Blogroll, Economics, Links, People, Politics, Rants, Raves, Resources, Taxes, Video, War | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

George Soros

George Soros

 UPDATED June 22, 2010

Drillgate–Crime Inc. aka Barack Obama and The Progressive Radical Socialist Gang Shakedown The American People–Shakedown–Breakdown–Takedown–You’re Busted!

George Soros is one of Barack Obama’s primary financial backers and agenda puppeter.

Senator Obama and George Soros

Senator Obama and George Soros

Much of Barack Obama’s socialist agenda and ideas for the United States comes directly from Soros and in turn through his network of leftist funded organizations. This includes the funding of organizations that advocate abortion, open borders, amnesty for illegal aliens, a cap and trade tax, to prevent man-made global warming, huge cuts in defense spending, increasing the minimum wage and the world poverty tax just to name a few.

Soros likes to be considered a “stateless stateman”.

In fact he is more accurately described as the Godfather of World Socialism.

Too bad Soros has not apparently read or understood the works of Friedrick Hayek, Karl Popper’s good friend and author of the Open Society and Its Enemies for which Soros’ Open Society Institute (OSI) is named.

I find Soros ideas interesting but his dismissal of capitalism as market fundamentalism both revealing and mistaken.

Milton Friedman was right, the road to hell is paved with good intentions.  

Rumors on talk radio are that Soros and his financial currency trader group are planning an October surprise such as either a run on the U.S dollar or bidding up of oil future contract prices.

If this happens and they are successful, U.S. gasoline prices would significantly increase above $4 a gallon as the US dollar declines in value and the cost of oil increases.

This is turn would throw the economy into a recession or at less increased fear of a recession in 2009.

The theory is this would help Obama.

I think not.

Such a move would backfire for the simple reason, it is the Democratic Party that is stopping oil and gas exploration off the U.S. coasts and in ANWR.

Furthermore, the Democratic Party is largely responsible through Federal government intervention in the mortage markets insisting on home loans for people that would not normally qualify.

This resulted in the financial collapse of both Fannie Mae and Freddie Mac and the need for its bailout and the collapse or buyout of a number of mortage bankers, investment banks, and broker dealers.

One of Senator’s Obama’s financial and housing advisor just so happens to be Franklin Raines, the man who collected over $90 million in compensation for mismanaging Fannie Mae (see videos below on Fannie Mae, Raines, and the bailout).

I think there will be two October surprises that will appear in the last week of the campaign.

Just in case a Soros instigated surprise materializes, you better fill up your gas tank in the last week on October.

Make sure you have enough gas in your vehicle’s gas tank to get to the place you vote.

If you want a recession and socialism vote Obama.

If you want a job and capitalism vote McCain. 

Only you can prevent socialism in America.

 UPDATED June 22, 2010

The Obama payoff for the George Soros contributations and support exposed by Glenn Beck and Fox News!

Drillgate–Crime Inc. aka Barack Obama and The Progressive Radical Socialist Gang Shakedown The American People–Shakedown–Breakdown–Takedown–You’re Busted!

Soros on the Economy

Davos Annual Meeting 2008 – CNBC Debate: Who is in charge?

Davos Annual Meeting 2009 – World Economic Brainstorming

George Soros and Acorn in the 2008 Elections

Background Articles and Videos


Leadership Speaker Series: George Soros (Part 1 of 2)

“…CPL director David Gergen interviews George Soros, Chairman of Soros Fund Management and the Open Society Institute. …”


Leadership Speaker Series: George Soros (Part 2 of 2)

“..CPL director David Gergen interviews George Soros, Chairman of Soros Fund Management and the Open Society Institute. …”


Neil Cavuto’s interview of George Soros Part 1


Neil Cavuto’s interview of George Soros Part 2


Charlie Rose – George Soros / Arianna Huffington

“…Segment 1: Billionaire philanthropist George Soros talks about his new book, The Age of Fallibility.

Segment 2: We conclude with Arianna Huffington, editor of the blog The Huffington Post. Her new… ”

George Soros

George Soros (pronounced /ˈsɔroʊs/ or /ˈsɔrəs/,[2] Hungarian IPA[ˈʃoroʃ]) (born August 12, 1930, in Budapest, Hungary, as György Schwartz) is a Hungarian-born American financial speculator, stock investor, philanthropist, and political activist.[3]

Currently, he is the chairman of Soros Fund Management and the Open Society Institute and is also a former member of the Board of Directors of the Council on Foreign Relations. …” 

George Soros Web Site

George Soros says more banks will go under; speaks of a “meltdown” and the 1930s
By Newsnight interviews George Soros
Sep 17, 2008, 08:33

“…Soros: “Well I’m afraid we are not through it at all. In some ways we are heading into the storm rather than coming out of it. And right at this minute we are at the very precarious moment because the bankruptcy of Lehman Brothers has thrown the financial markets into turmoil.” 

Newsnight: What do you think will happen? More banks go under?

Soros: Well, certainly more banks but maybe not the size of Lehman. But right now an even larger company, American International which is an insurance company is under pressure and a rescue is being prepared and the question is whether it will be successfully put together.

Newsnight: So was it right then to step in? Do you think AIG should be rescued? Do you think Lehman should have been rescued?

Soros: Whether Lehman should have been rescued depends on whether the financial system survives it or not. If the financial system survives it, then it was the right thing to do to let them go bust. If there is a meltdown, then it wasn’t because one thing is clear that you musn’t allow the financial system to collapse as it did in the 1930s. They’ve been reluctant to put taxpayers money at risk but if necessary, I’m sure they will do it.


“George Soros is one of the most powerful men on earth. A New York hedge fund manager, he has amassed a personal fortune estimated at about $7.2 billion. His management company controls billions more in investor assets. Since 1979, his foundation network — whose flagship is the Open Society Institute (OSI) — has dispensed an estimated $5 billion to a multitude of organizations whose objectives are consistent with those of Soros. (The President of OSI and the Soros Foundation Network is Aryeh Neier, who, as Director of the socialist League for Industrial Democracy, personally created the radical group Students for a Democratic Society in 1959.) With assets of $859 million as of 2005, OSI alone donates scores of millions of dollars annually to these various groups, whose major agendas can be summarized as follows:  

  • promoting the view that America is institutionally an oppressive nation
  • promoting the election of leftist political candidates throughout the United States
  • opposing virtually all post-9/11 national security measures enacted by U.S. government, particularly the Patriot Act
  • depicting American military actions as unjust, unwarranted, and immoral
  • promoting open borders, mass immigration, and a watering down of current immigration laws
  • promoting a dramatic expansion of social welfare programs funded by ever-escalating taxes
  • promoting social welfare benefits and amnesty for illegal aliens
  • defending suspected anti-American terrorists and their abetters
  • financing the recruitment and training of future activist leaders of the political Left
  • advocating America’s unilateral disarmament and/or a steep reduction in its military spending
  • opposing the death penalty in all circumstances
  • promoting socialized medicine in the United States
  • promoting the tenets of radical environmentalism, whose ultimate goal, as writer Michael Berliner has explained, is “not clean air and clean water, [but] rather … the demolition of technological/industrial civilization”
  • bringing American foreign policy under the control of the United Nations
  • promoting racial and ethnic preferences in academia and the business world alike …”

Organizations Funded Directly by George Soros and his Open Society Institute

“…Organizations that, in recent years, have received direct funding and assistance from George Soros and his Open Society Institute (OSI) include the following. (Comprehensive profiles of each are available in the “Groups” section of …”

From the great editors at the Investor Business Daily:

The Soros Threat To Democracy

“…George Soros is known for funding groups such as that seek to manipulate public opinion. So why is the billionaire’s backing of what he believes in problematic? In a word: transparency.

How many people, for instance, know that James Hansen, a man billed as a lonely “NASA whistleblower” standing up to the mighty U.S. government, was really funded by Soros’ Open Society Institute, which gave him “legal and media advice”?

That’s right, Hansen was packaged for the media by Soros’ flagship “philanthropy,” by as much as $720,000, most likely under the OSI’s “politicization of science” program.

That may have meant that Hansen had media flacks help him get on the evening news to push his agenda and lawyers pressuring officials to let him spout his supposedly “censored” spiel for weeks in the name of advancing the global warming agenda.

Hansen even succeeded, with public pressure from his nightly news performances, in forcing NASA to change its media policies to his advantage. Had Hansen’s OSI-funding been known, the public might have viewed the whole production differently. The outcome could have been different.

That’s not the only case. Didn’t the mainstream media report that 2006’s vast immigration rallies across the country began as a spontaneous uprising of 2 million angry Mexican-flag waving illegal immigrants demanding U.S. citizenship in Los Angeles, egged on only by a local Spanish-language radio announcer?

Turns out that wasn’t what happened, either. Soros’ OSI had money-muscle there, too, through its $17 million Justice Fund. The fund lists 19 projects in 2006. One was vaguely described involvement in the immigration rallies. Another project funded illegal immigrant activist groups for subsequent court cases.

So what looked like a wildfire grassroots movement really was a manipulation from OSI’s glassy Manhattan offices. The public had no way of knowing until the release of OSI’s 2006 annual report.

Meanwhile, OSI cash backed terrorist-friendly court rulings, too.

Do people know last year’s Supreme Court ruling abolishing special military commissions for terrorists at Guantanamo was a Soros project? OSI gave support to Georgetown lawyers in 2006 to win Hamdan v. Rumsfeld — for the terrorists.

OSI also gave cash to other radicals who pressured the Transportation Security Administration to scrap a program called “Secure Flight,” which matched flight passenger lists with terrorist names. It gave more cash to other left-wing lawyers who persuaded a Texas judge to block cell phone tracking of terrorists.

They trumpeted this as a victory for civil liberties. Feel safer? …”

IBD Editorials

George Soros &

In this exclusive series, IBD takes a look at George Soros, and the impact they’re having on the Democratic Party and American politics.


The Soros Threat To Democracy


Democracy: George Soros is known for funding groups such as that seek to manipulate public opinion. So why is the billionaire’s backing of what he believes in problematic? In a word: transparency.


George Soros: The Man, The Mind And The Money Behind MoveOn


The Left: The smear ad published against Gen. Petraeus has drawn attention to its sponsor, But the fingerprints of the group’s chief financial backer, George Soros, were all over it. Who is this man and what is he up to?


A Party Bought And Paid For


Election 2008: once crowed that it had bought and owned the Democratic Party. With the Senate now blasting its tactics, that’s an open question. But not, apparently, for Democrats running for president.

The Evolving Agenda of George Soros’s Democracy Alliance

“…The Democracy Alliance, as we observed in the January 2008 issue of Foundation Watch (”Billionaires for Big Government: What’s Next for George Soros’s Democracy Alliance?”), is slowly maturing and becoming more focused in its objectives.

Could it be that the Democracy Alliance has finally adopted a firm business plan?

Since its founding in 2005, the DA, a liberal donors’ collaborative that aims to create a permanent political infrastructure of nonprofits, think tanks, media outlets, leadership schools, and activist groups–a kind of “vast left-wing conspiracy” to compete with the conservative movement, has focused on fairly well-established pressure groups, watchdogs and think tanks, get-out-the-vote (GOTV) operations, and political action committees (PACs). These bread-and-butter liberal groups have included:

Media Matters for America
Center for American Progress
People for the American Way
New Democratic Network
Progressive Majority
Citizens for Responsibility and Ethics in Washington (CREW)
Center for Progressive Leadership
Association of Community Organizations for Reform Now (ACORN)
EMILY’s List
America Votes
Sierra Club
Center on Budget and Policy …”

“…The Democracy Alliance’s “Letter of Interest” invited applications for the 2009/2010 giving cycle from all nonprofit groups on the left, but expressed special interest in organizations that do the following types of work:

* Building power and capacity in key constituencies: engagement and issue advocacy work with key constituencies, primarily Latinos and young people, as well as African Americans and unmarried women.
* New media and technology: content generators, aggregators and distributors that disseminate and amplify progressive messages.
* Law and legal systems: working to advance and protect progressive values and policies at all levels of the legal system.
* Early stage idea generators: focusing on progressive idea generation and development at the early and middle stages of the idea cycle including journals, academic networks, books, and non-traditional think tanks..
* Content generation: focusing on traditional and new media vehicles that are capable of developing and effectively promoting progressive ideas.
* Civic engagement coordination: achieving greater efficiency and effectiveness in mobilization and participation work through collaboration and coordination and creating economies of scale.
* Civic engagement tools: increasing capacity and availability of data services, including online organizing services for civic engagement groups.
* Election reform: focusing on structural reforms of our democratic process that will increase voter participation among progressive constituencies.
* Youth leadership development: building on the youth development part of the leadership pipeline that includes looking for organizations targeting young people that work at scale.
* Mid-career nonprofit leadership development: building on the mid-career development part of the leadership pipeline that includes looking for organizations working at scale. …”

George Soros’ Social Agenda for America

Drug Legalization, Euthanasia, Immigrant Entitlements and Feminism

“Summary: The February issue of Foundation Watch examined the philanthropy of the billionaire financier George Soros. It found that Soros-funded groups supported increased government spending and tax increases, and opposed the death penalty and President Bush’s judicial nominees. In this article author Neil Hrab looks at Soros grants in four other policy areas: drug legalization, euthanasia, immigrant entitlements, and feminist organizing. …” 

Is Global Warming Alarmist James Hansen a Shill for George Soros?

By Jake Gontesky

How many people, for instance, know that James Hansen, a man billed as a lonely “NASA whistleblower” standing up to the mighty U.S. government, was really funded by Soros’ Open Society Institute , which gave him “legal and media advice”?

That’s right, Hansen was packaged for the media by Soros’ flagship “philanthropy,” by as much as $720,000, most likely under the OSI’s “politicization of science” program. 

So he got some big paychecks from Soros – but was there a quid pro quo? The evidence certainly indicates as much:

That may have meant that Hansen had media flacks help him get on the evening news to push his agenda and lawyers pressuring officials to let him spout his supposedly “censored” spiel for weeks in the name of advancing the global warming agenda.

Hansen even succeeded, with public pressure from his nightly news performances, in forcing NASA to change its media policies to his advantage. Had Hansen’s OSI-funding been known, the public might have viewed the whole production differently. The outcome could have been different. 

Did Soros’ funding pay off? You be the judge. Do a quick google search on James Hansen to read any of the thousands of mainstream media stories touting Hansen’s claims of censorship by the Bush administration. This wouldn’t be the first time credibility questions have been raised regarding Hansen and his alarmist claims [see “When does 1,400 Media Interviews = Muzzled” (03/20/07)].

Friedrich Hayek

Friedrich August von Hayek, CH (May 8, 1899 – March 23, 1992) was an Austrian-British economist and political philosopher known for his defence of classical liberalism and free-market capitalism against socialist and collectivist thought in the mid-20th century. He is considered to be one of the most important economists and political philosophers of the twentieth century.[1] One of the most influential members of the Austrian School of economics, he also made significant contributions in the fields of jurisprudence and cognitive science. He shared the 1974 Nobel Prize in Economics with ideological rival Gunnar Myrdal “for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena.”[2] He also received the U.S. Presidential Medal of Freedom in 1991.[3] He is considered to be one of the major forces of change from the dominant interventionist and Keynesian policies of the first part of the 20th century back to towards classical liberalism after the 1980s. …”

Karl Popper

Sir Karl Raimund Popper (July 28, 1902 – September 17, 1994) was an Austrian and British[1] philosopher and a professor at the London School of Economics. He is counted among the most influential philosophers of science of the 20th century, and also wrote extensively on social and political philosophy. Popper is known for repudiating the classical observationalist/inductivist account of scientific method by advancing empirical falsification instead; for his opposition to the classical justificationist account of knowledge which he replaced with critical rationalism, “the first non justificational philosophy of criticism in the history of philosophy”[2] and for his vigorous defense of liberal democracy and the principles of social criticism which he took to make the flourishing of the “open society” possible. …”

Capitalism Doesn’t Work, Mr. Gates?
I just have to smile when billionaires turn cold shoulders to the blessings capitalism bestows.

By Larry Kudlow


The Heritage Foundation/Wall Street Journal 2008 Index of Economic Freedom reveals how free-market economics is spreading like wildfire while state-run socialism is on the decline. And it’s no wonder why. The free-market countries are prospering mightily while the least-free economies are mired in poverty. We’re talking North Korea, Cuba, Zimbabwe, and Iran. Also noteworthy is Venezuela. As the neo-socialist Hugo Chavez attempts to adopt Fidel Castro’s failed economic model, he’s sinking his nation toward Cuba-type poverty.


Economist Mark Perry, on his Carpe Diem blog site, reports that both the U.S. share of world GDP and its global stock market capitalization are shrinking. But this isn’t a bad thing at all. It doesn’t mean that America is heading downwards. On the contrary, it means that newly freed economies are heading up.
The reality here is that the rising tide of global capitalism is lifting all boats that employ it. Capitalism works. It’s a good thing. It’s the key to unlocking a nation’s prosperity. In fact, free-market capitalism is the greatest anti-poverty program ever devised by man.


Another billionaire, George Soros, the Davos partygoer who finances near every left-wing political-action group on both sides of the Atlantic pond, recently wrote in the Financial Times that the era of capitalism is coming to an end. Soros, of course, has been predicting this for at least twenty years — through the greatest world boom in history. And how was it that Soros made his money? Trading currencies in the technologically advanced world financial markets, the very same markets that were spawned by 20th century free-market capitalism.


So I just have to smile when billionaires like Bill Gates and George Soros turn cold shoulders to the blessings capitalism bestows. Or when their buddy, Warren Buffett, broadcasts the importance of hiking tax rates on successful earners and investors.
Look fellas, the command-and-control, state-run economics experiment was tried. It was called the Soviet Union. If you hadn’t noticed, it was a miserable failure. …”

McCain and Leadership in a Time of Financial Crisis

By Ed Lasky

“…Since Barack Obama seems to have hung up the hope and change mantra for now to adopt the populist demagoguery that has sunk Democratic presidential hopefuls in the past, McCain should practice some jujitsu and turn Obama’s argument against him.
Barack Obama is the hedge-fund candidate in terms of findraising according to the New York Times. He and his fellow Democrats — including New York Senators Schumer and Clinton — are the darlings of Wall Street. Obama has enjoyed outsized donations from hedge fund managers and Wall Streeters.The granddaddy of all hedge fund monsters is George Soros, who was also Barack Obama’s early presidential race sugardaddy. Soros has also been talking down the economy while profiting from the mortgage meltdown. Soros is the chief donor to a wide variety of 527 groups (including MoveOn.Org) that have been working to assure Obama’s election.
Obama raised almost $400,000 dollars from the employees of the now kaput Lehman Brothers-topping all other candidates, though Senators Clinton, Schumer and Dodd did quite nicely
Two other leading donors to the left are Herbert and Marion Sandler, who have worked with Soros to promote left-wing causes. This husband and wife founded Golden West Financial, a savings and loan that was a huge player in the mortgage market. Did they see the writing on the wall when they sold their company to Wachovia for billions of dollars before the mortgage meltdown?
Why do you think Barack Obama, Hillary Clinton, and other leading lights of the Democratic Party castigate oil companies and not hedge fund managers? The paydays of Wall Street players dwarf those of oil companies. Their profit ratios can be astronomical compared to those of oil companies. They can wreck the financial markets that are the lubrication for the rest of the economy.


Gloves off: Now, Obama calls for prosecuting GOP donor; Update: AIP responds

By Michelle Malkin 

“…I noted this morning that the Obama campaign’s Chicago-style thug effort to shut down the independent ad on Bill Ayers is part of the larger effort to intimidate conservative donors and curtail the free speech of The One’s critics.

It’s getting uglier, people.

Obama’s lawyer has sent a second letter to the Justice Department calling for the head of Dallas billionare Harold Simmons, who funded the Ayers ad that the Obama campaign doesn’t want the public to see.

Feel the chill:

Obama general counsel Bob Bauer today sent a second, sharper letter to the Justice Department, directly attacking the Dallas billionaire funding a harsh attack ad, Harold Simmons.

“We reiterate our request that the Department of Justice fulfill its commitment to take prompt action to investigate and to prosecute the American issues Project, and we further request that the Department of Justice investigate and prosecute Howard (sic) Simmons for a knowing and willful violation of the individual aggregate contribution limits,” he wrote.

He called the group’s activities “patently illegal.”

Bauer made the case that Simmons’ group [is not] fulfilling its […] nonprofit charter because it hasn’t spent any money on anything other than attacking Obama. Simmons’ spokesman, Christian Pinkston, told me yesterday that plans to, and dismissed the complaints as an effort to lawyer away charges the campaign can’t rebut.

I posted AIP’s rebuttal here yesterday. And as I’ve noted today and will note again: Obama has some nerve whining about campaign finance integrity after getting caught hiding $800,000 in ACORN payments.

What’s going on? Simple: The Left has its George Soros sugar daddy and can’t stand that conservatives have their own committed benefactors. They’ve got a massive non-profit infrastructure funded with taxpayers and operating flagrantly in an illegal, partisan manner (hello, ACORN Watch!). They want the playing field all to themselves. And they are fighting for that turf by any means necessary.

Can they do it?

No, they can’t. Not if you don’t let them. …”


Charlie Rose: February 23, 2001

“…A conversation with George Soros, the international philanthropist and chairman of Soros Fund Management, about his new book, “Open Society: Reforming Global Capitalism”. Soros discusses… ”


Charlie Rose: August 2, 1994

“…First, philanthropist George Soros, founder of the world’s most successful hedge fund, shares some of his ideas for revitalizing America’s inner cities. Then, Hugh Price talks about what he hopes …


Authors@Google: George Soros

“…George Soros appears in conversation with Google CEO Eric Schmidt discussing his new book “The Age of Fallibility: Consequence of the War on Terror” as part of the Authors@Google series. … ”


Soros Compares President Bush To Nazis


George Soros Part 1

“…George Soros Part 1 Interview on April 8, 2008…”


George Soros Part 2

“…George Soros Part 2 Interview on April 8, 2008…”


George Soros Part 3

“…George Soros Part 3 Interview on April 8, 2008…”


George Soros on Housing Prices June 2006


O’Reilly: George Soros is funding Media Matters,John Edwards


O’Reilly calls Democratic support group dangerous, evil

“…George Soros, Paul Begala, and David Brock are O’Reilly’s “American Axis of Evil” for planning to spend money against Republican John McCain. Does anyone recall him in this high dudgeon over the Swift Boat ads?…”


Liberals & big business falsified Iraq war casualty figures 

Ron Paul on Mortgage Bailout & Financial Armageddon

Jerry Bowyer on Kudlow & Company – March 17th – Segment 1 

Jeremy Siegel on Bear Stearns, the Rate Cuts and Inflation

Deconstructing the Subprime Crisis

Susan Wachter on Securitizations and Deregulation

Wall Street’s Day of Reckoning: The Fannie & Freddie Bailout

Part 1 – Exposing Fannie Mae and Freddie Mac: Origins

New York Investing meetup organizer Daryl Montgomery discusses the origins of Fannie Mae and Freddie Mac in the first episode of a multi-part series. The New York Investing meetup is an organization of 1800 independent traders and investors that provides unbiased stock market education and analysis. We also have a blog,”The Helicopter Economics Investing Guide” which can be found at:

Part 2 – Exposing Fannie Mae and Freddie Mac: Origins

Part 3 – Exposing Fannie Mae and Freddie Mac: Origins

Part 4 – Exposing Fannie Mae and Freddie Mac: Origins

Part 5 – Exposing Fannie Mae and Freddie Mac: Origins

Rush On Franklin Raines

Hey Barack, Who’s Franklin Raines


Jim Johnson


Enough Is Enough

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