George Soros, the liberal financier, hedge fund manager extraordinaire, and humanitarian may have lost $1 billion after Trump won the election, but he is not giving up on the Democratic Party. In an article published by Politico.com, Soros explained his feelings about Trump and the election results on Snopes. Soros thinks Trump is not qualified to be president, and he also thinks the election was a disgrace.
It’s fair to say that Soros had a vested interest in Hillary Clinton winning the election. He donated more than $8 million to her campaign, and he donated more than $14 million to other Democrats running for office. He was especially interested in district attorney races on Investopedia in several states because of his belief that the justice system is broken. When most of his candidates lost, he was shaken by the news, but he was not finished fighting. George Soros immediately called a meeting of his Democratic Donor Alliance, and that group met in Washington to regroup, and to establish a plan to keep Trump from turning the country into an authoritative state. Several senators and congressmen attended the meeting, and the top Democratic donors were also present.
The George Soros political saga started more than 40 years ago. George Soros has been fighting for human rights and Democracy in countries around the world through his Open Society Foundation for decades. George has donated billions of dollars to organizations that fight for human rights on Forbes. Soros is considered an economic genius by some investors, and he is also considered a social reformer by others. Trying to list all of Soros social and economic accomplishments isn’t easy. He is a major voice in global affairs, and he always attends the Davos Summit.
But the 86-year-old Soros is focused on getting the United States back on track politically as well as economically. Soros thinks the economic growth in the U.S. is a concern, and he believes that growth could disappear once Trump takes office. George is very outspoken when it comes to immigration and closing borders. He is also against any sort of border tax on Mexican products. A 35 percent tax, like the one that Trump is proposing, could be the catalyst for a global recession, according to Soros.
The Democratic Party is weak and fragmented, but Soros believes Democrats can, and should, hold Trump accountable for any of the missteps he plans to make over the next four years. The healthcare, immigration, Supreme Court nomination and Trump’s position on climate change could set the nation back 50 years if he’s not challenged by the Democratic Party and the people. In fact, Soros believes the people must stand up and fight for their freedom against the potential dangers that a Trump presidency presents.
The next four years will be a challenge, but George Soros is used to challenges. He faces financial challenges every day when he bets millions on risky hedge fund investments. He is not afraid to fight for what he believes, and that won’t stop just because he lost money after the 2016 election.