Democracy Now: Soros, Other Donors Pledge Millions for Democratic Super PACs

Wealthy donors pledged Thursday to give at least $10 million dollars to Democratic super PACs in the leadup to the 2012 election. Billionaire George Soros is promising to give $1 million dollars to the pro-Obama super PAC Priorities USA Action. The former hedge fund manager also plans to donate half a million dollars to a pair of super PACs supporting Democratic candidates for Congress. Even with the latest round of pledges, contributions by Soros this cycle still pale in comparison to some donors on the Republican side. Casino magnate Sheldon Adelson has pledged to spend up to $100 million dollars to defeat President Obama and the Democrats this year.

~ by wheresthemic on September 28, 2012.

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