Money and its role in American politics is a subject of constant debate. Despite many attempts at reform, the funds spent on US national elections grow every time voters go to the polls. Many believe that essentially unlimited private money favors the Republicans. Billionaire and philanthropist George Soros, a proponent of reform, has been accused of hypocrisy because of his large financial contributions in connection with the upcoming presidential election. In this article, Soros explains his reasons, and his views on the subject of money in politics.
I and a number of other wealthy Americans are contributing millions of dollars to grass-roots organizations engaged in the 2004 presidential election. We are deeply concerned with the direction in which the Bush administration is taking the United States and the world.
If Americans reject the president's policies at the polls, America can write off the Bush Doctrine as a temporary aberration and resume its rightful place in the world. If American voters endorse those policies, the US shall have to live with the hostility of the world and endure a vicious cycle of escalating violence.
In this effort, I have committed $10 million to 'America Coming Together, (ACT)' a grass-roots get-out-the-vote operation, and $2.5 million to the 'MoveOn.org Voter Fund,' a popular Internet advocacy group that is airing advertisements to highlight the administration's misdeeds. This is a pittance in comparison with money raised and spent by US conservative groups.