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Democrats got some encouraging news on Thursday when liberal billionaire George Soros announced $1.5 million in donations to super PACs supporting President Barack Obama and Democratic congressional candidates.
The contributions, first reported by The New York Times and confirmed by POLITICO, include $1 million to Priorities USA Action, the super PAC devoted to Obama’s reelection and a total of $500,000 to a pair of super PACs devoted to the party’s congressional candidates — Majority PAC and House Majority PAC. It was not immediately clear the precise allocation of the donations between the two, but the Hungarian-born financier had previously donated $175,000 to the latter, including a donation late last month, as well as $100,000 to the latter.
Read more: www.politico.com...
The report, titled 'Where Do We Go From Here? Philanthropic Support for Black Men and Boys,' shows that annual funding designated for that specific group has been rising steadily, from $10 million in 2003 to $29 million in 2010. Education is a top funding priority, garnering 40 percent of those grant dollars between 2008 and 2010. California, New York and Georgia are the top three states receiving foundation money explicitly designated for black males.
"It is my hope that this report will motivate other philanthropists and foundations to invest in efforts to improve achievement by African American boys and men," Soros, founder of the Open Society Foundations, said in a statement. "This is a generational problem that demands a long-term commitment."
In 2011 Soros and New York City Mayor Michael Bloomberg each contributed $30 million of their respective personal fortunes to a New York City program designed to improve the life outcomes of black and Latino males.
George Soros, the liberal billionaire and champion for liberal causes, has donated $1.5 million to three Democratic Super PACs. $1 million will go to Obama’s Super PAC Priorities USA and $500,000 will go to two congressional PACs. That brings Soros’ total donations this year to $4.3 million. The NY Times reported that Soros made his contribution at a luncheon where donors committed to an additional $10 million in Democratic campaign financing.
Originally posted by litterbaux
reply to post by thehoneycomb
I'm a little confused. He donates money to help black males get ahead in life.
Why is this bad? Are you afraid the black community is going to get rich and stage a mutiny on the white folks?
Originally posted by litterbaux
reply to post by thehoneycomb
He's a good investor. I'm still not seeing your point unless it's pure jealousy.
If I had any money I'd be investing in it too. Maybe I could get a new car or something.
Edit: I only buy pre ownededit on 9-10-2012 by litterbaux because: (no reason given)
Originally posted by thehoneycomb
reply to post by gladtobehere
good eye.
Yes rothschild is bad too, and he's also not a capitalist, but a socialist.
Originally posted by thehoneycomb
reply to post by InhaleExhale
The whole Rothschild family is. It doesn't matter which one you speak of. They provided funding for the Communist manifesto and the bolsheviks, lenin and trotsky.
Originally posted by thehoneycomb
reply to post by InhaleExhale
What else would you like me to say?
Stupid questions deserve stupid answers.