Soors has been talking the economy down for a year( and probably making tons of money shorting the markets) in order for the situation to favor a new Democratic government. Before you know it the USA will be like the EU socialist countries.First you break the back of the largest financial and manufacturing entities and everything else falls into place......unless the GOP grows a backbone (hat tip s)
Soros: Definitely. I think this is a great opportunity to finally deal with global warming and energy dependence. The US needs a cap and trade system with auctioning of licenses for emissions rights. I would use the revenues from these auctions to launch a new, environmentally friendly energy policy. That would be yet another federal program that could help us to overcome the current stagnation.
SPIEGEL: Your proposal would be dismissed on Wall Street as "big government." Republicans might call it European-style "socialism."
Soros: That is exactly what we need now. I am against market fundamentalism. I think this propaganda that government involvement is always bad has been very successful -- but also very harmful to our society.
SPIEGEL: Would you advise the new president to say that publicly?
Soros: He has already spoken about changing the political discourse. I think it is better to have a government that wants to provide good government than a government that doesn't believe in government.
A very dangerous man.
The Wall Street Journal did a puff piece on Soros ........... and it was telling just how owned Obambi is.(hat tip Stacy)
Hedge-fund billionaire and left-wing political activist George Soros has become one of the Democratic Party's most important players. Now that Barack Obama is in the White House, his influence is due to expand even further as the web of activist groups he funds becomes the new brain-trust of the incoming administration.
Mr. Soros has been a friend to Barack Obama since Mr. Obama first ran for Senate in Illinois in 2004. Because of a special provision of the campaign finance law that allows greater contributions to candidates who are running against millionaires, Mr. Soros was able to donate $60,000 to Mr. Obama's campaign against primary opponent Blair Hull and then against Republican Jack Ryan. Four members of the Soros family also donated to Mr. Obama's Senate campaign, making Mr. Obama one of only a handful of candidates -- including Hillary Clinton, Tom Daschle and Barbara Boxer -- to receive the richest Soros nod.
Mr. Soros's influence on Democratic policy has been years in the making, through groups like the Center for American Progress, which he helped underwrite back in 2003 (along with film producer Stephen Bing) to the tune of several million dollars. CAP is currently headed by former Clinton Chief of Staff John Podesta, now Mr. Obama's transition team leader. With 180 staffers and a $27 million budget, the group is expected to play a role in the Obama administration similar to that played by the American Enterprise Institute during the Bush years, as a feeder for staff and a pusher of liberal ideas.
The problem for Mr. Obama, of course, is that not all Mr. Soros's ideas fly as well with voters as with the New York and D.C. cognoscenti. The Soros connection already created trouble for Mr. Obama last year over the billionaire's comment that Democrats should "liberate" themselves from the influence of the pro-Israeli lobby. Mr. Soros also is a prominent advocate of drug legalization. So while the hedge-fund legend may pour money and staffers into the Obama administration, Warren Buffett is likely to remain the billionaire Mr. Obama still prefers to share photo-ops with.