January 30, 2005
NO, THE OTHER GEORGE:
Soros Says Kerry's Failings Undermined Campaign Against Bush (Bloomberg, 1/30/05)
Billionaire investor George Soros, the biggest financial contributor to the failed effort to defeat President George W. Bush in November's election, said Democratic challenger John Kerry was a flawed candidate.
Soros, chairman of Soros Fund Management LLC, spent $26 million in last year's campaign that he said was undermined by the candidate he supported.
``Kerry did not, actually, offer a credible and coherent alternative,'' Soros, 74, said yesterday in an interview at the World Economic Forum in Davos, Switzerland. ``That had a lot to do with Bush being re-elected.''
The comments by the Hungarian-born Soros marked his sharpest criticism of Kerry, a Vietnam War veteran who later spoke against the war and focused his campaign against Bush on the war in Iraq. Republicans gained four seats in the Senate, including the defeat of the Senate's highest-ranking Democrat, Minority Leader Tom Daschle of South Dakota. Republicans have 55 seats in the 100-seat chamber.
The Kerry campaign ``tried to emphasize his role as a Vietnam War hero and downplay his role as an anti-Vietnam War hero, which he was,'' said Soros. ``Had he admitted, owned up to it, I think actually the outcome could have been different.''
Soros said he also now questions ``what the Democratic party stands for.'' Democrats need to counter ``a very effective conservative message machine,'' he said. ``There really needs to be an alternative.''
Here's a radical idea: America prefers George Bush's vision to that of George Soros.
MORE (via Jim Yates):
Leftwing Billionaires Try to Sink US Economy (Richard Poe, 1/30/05)
Do you believe in coincidences? I don't. Former CIA division chief David Atlee Philips once said, "The intelligence profession does not exactly condition one to accept coincidence as an explanation for a sequence of events." The same can be said of blogging. When a bevy of public figures all begins reading from the same script at the same time, the alert blogger takes note. Consider the following.Posted by Orrin Judd at January 30, 2005 3:26 PM
On January 19, leftwing billionaire Warren Buffett told CNBC, "Unless we have a major change in trade policies, I don't see how the dollar avoids going down."
Well, we've all heard that before. Buffett's position is hardly new. He has repeatedly announced that he is "shorting" the dollar – that is, betting against the dollar in global markets – since at least 2002. George Soros has been shorting the U.S. greenback since at least 2001. Moreover – like Buffett – Soros has announced his anti-dollar position repeatedly in the media. These frequent public announcements on the part of Soros and Buffett appear to be aimed at encouraging other investors to follow their example.
Microsoft chairman Bill Gates has now joined the anti-dollar crusade. "I'm short the dollar," Gates told PBS interviewer Charlie Rose on January 29. "The 'ol dollar, it's gonna go down."
Gates is betting instead on the Chinese yuan. In September, he received permission from the Chinese government to invest $100 million in yuan shares and bonds. Gates praises China as a "change agent" in the world. "It's phenomenal. It's a brand new form of capitalism," he enthuses.
Not to be left out of the feeding frenzy, Senator Hillary Rodham Clinton has also been spotted swimming with the short-dollar shark pack. In a statement that appears to serve no conceivable purpose other than to help the Gates-Buffett-Soros axis win more converts, Hillary stunned an audience of Brandeis University alumni in Florida on January 24, 2005 when she said, "[T]he economy may be on the brink of collapse... I think the economy is standing on a trap door, and I don't know that we necessarily hold the levers."
If these machinations leave some readers befuddled, a review of recent history might prove clarifying.
Remember that George Soros famously broke the Bank of England in 1992, forcing a devaluation of the British pound. He also helped trigger the "Asian flu" – a general collapse of Asian markets in 1997 – by shorting the Thai baht and the Malaysian ringgit. One year later, Soros called for a devaluation of the Russian ruble in the Financial Times of London, thus kicking off a wave of panic selling that forced the Russian treasury into default.