George Soros and several top Democrat donors will donate $100 million to liberal groups focused on reelecting failed President Barack Obama.
New York Magazine reported, via Free Republic:
Billionaire investor George Soros will be supplying $2 million to independent Democratic groups focused on grassroots 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 major liberal donors to like-minded causes and efforts. According to a New York Times report, Soros and others are pledging funds to grassroots-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 Court’s Citizens United decision, which gave birth to super-PACs that may spend on campaigns without limits.