It’s On – Billionaire Soros Donates $1 Million To Democratic Super PAC

Billionaire George Soros pledges $1 Million to Democratic Party Super PAC, Priorities USA Action -- despite his initial opposition the Citizen's United Supreme Court decision and skepticism about Super PACs.

Billionaire George Soros pledges $1 Million to Democratic Party Super PAC, Priorities USA Action — despite a rumored rift between him and the Obama campaign.

It’s hard to steal the spotlight at an event featuring former Pres. Bill Clinton as headlining speaker. Yet billionaire George Soros’ adviser, Michael Vachon, nearly succeeded in doing so when he announced Soros’ surprise $1 million pledge to the progressive Super PAC, Priorities USA Action, at the Democracy Alliance‘s Sept. 27 luncheon, held in Manhattan, NY. Soros also pledged $500,000 for two more Super PACs in support of two Democratic congresspeople.

Insiders and political news junkies feel startled and excited by these developments, and Soros’ sudden, last-minute change of heart has unleashed torrents of speculation from the blogosphere. According to an article on Bloomberg from earlier this year, the controversial business mogul and philanthropist — who generously supported Democratic groups during the Bush II years — had indicated back in 2010 that Pres. Obama’s campaign could expect no more funding from him, amidst rumors of Soros feeling slighted.


Nicholas Confessore’s Sept. 27 post on the New York Times‘ “The Caucus” politics and government blog reports that, although Soros was unable to attend the meeting, he sent out an email denying any rift with Pres. Obama and stating that “I fully support the re-election of President Obama.” Soros attributed his initial lack of Super PAC contributions to his disagreement with the US Supreme Court’s Citizens United vs. the Federal Election Commission decision, and went on to explain that he feels “appalled by the Romney campaign, which is openly soliciting the money of the rich to starve the state of the money it needs to provide social services.”

Note to the Koch brothers and other card-carrying members of the 31% of the 1%: It’s ON! Where Soros’ money goes, the smart money will follow. Now that Soros has thrown his hat in the ring, Mitt Romney’s dwindling ranks of wealthy backers will need to step up their game.

Elisabeth Parker is a writer, Web designer, mom, political junkie, and dilettante. Visit her at elisabethparker.com, friend her on facebook, or follow her on Twitter.