He plans to cash out if Obama gets presidency.
Criticism of financial activities
In an August 2004 appearance on Chris Wallace’s FOX News Sunday, then-Speaker of the U.S. House of Representatives Dennis Hastert (Republican), questioned the source of George Soros’ money: “You know, Soros’ money, some of that is coming from overseas. It could be drug money. We don’t know where it comes from.” Soros rejected Hastert’s criticism as smears using “false charges and mischaracterizations”. Hastert was further attacked for “attempt[ing] to stifle critical debate and intimidat[ing] those who believe this administration is leading the country in a ruinous direction.”[32] Soros filed an official complaint with the House Committee on Standards of Official Conduct.
In 2006, Hastert criticized Soros again, this time in regards to the controversy over whether or not Hastert should have acted on information regarding Rep. Mark Foley: “The people who want to see this thing blow up are ABC News and a lot of Democratic operatives, people funded by George Soros.”[33]
Criticism of political activism
In an editorial in September 2007, Investor’s Business Daily criticized Soros for funding organizations such as MoveOn.org and has claimed that Soros is not transparent in the way he gives away his money. The newspaper said: “The irony here is that Soros claims to be an advocate of an ‘open society.’ His OSI does just the legal minimum to disclose its activities. The public shouldn’t have to wait until an annual report is out before the light is flipped on about the Open Society’s political action.”[34]
IBD said that Soros’ giving cannot be considered philanthropy to the extent that it is political activism. The editorial compared Soros and Bill Gates, pointing out that the latter gave money to improving medical services, while Soros tends to fund foundations and NGOs which he characterises as promoting civil society and democracy.”[35]
In April 2008, Soros hosted an event in his apartment that had guests such as David Brock of the self-described progressive watchdog group Media Matters and liberal commentator Paul Begala. Brock described that the plan intends to raise $40 million to run political attack advertisements against the presumptive Republican nominee, Senator John McCain, through a group called The Fund for America and Progressive Media, whose key backer, according to politico.com, is Soros. [36] Commentator Bill O’Reilly, who on numerous occasions has accused Soros of secretly backing what O’Reilly feels are “far-left” political causes, repeated Soros “wants to buy America” after learning about the event. [37]
The Casino always win.
