Washington (CNN) - Billionaire financier George Soros is committing $1 million to the Democratic leaning super PAC backing President Barack Obama's bid for re-election.
An official with Priorities USA Action confirmed the news, which was reported earlier Thursday by the New York Times and Politico.
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In May Soros donated $1 million to the left-leaning super PAC American Bridge. That donation marked the first major foray into the 2012 presidential race for Soros. He was a high-profile supporter of presidential candidate Obama in 2008, helping Obama raise a record amount of campaign cash.
Priorities announced earlier this month that it had raised $10 million in August, which was the largest haul to date for the super PAC, which was formed in the spring of 2011.
While the August fundraising figures were impressive, Priorities fundraising has lagged behind independent Republican groups such as American Crossroads, Crossroads GPS, Restore Our Future, and Americans for Prosperity (AFP), which are supporting GOP nominee Mitt Romney's campaign.
I pray that the economy improves. I have been laid off since 2007. Lost my home and moved. The only jobs are part time, seasonal or temp. Where are the benefits and insurance? Now I'm back in Texas applying 4 the same jobs that were here when I left and never got!
Gee self proclaimed destroyer of several governments an self proclaimed socialist is still alive?He has kept such a low profile I thought both he and his money were both dead.Silly me.
yes, this means he has aids...
yes, this means he is on his way out.... yeah !!!!!
The master puppeteer trying to protect his 2008 investment....But this announcement is just the tip of the iceberg, bundles of millions in other people's name are on the way.
ONLY $1M!!! LOL. Must be driving those who give $100M (each) to willard crazy! Just think, Obama will win. Romney's "investors" will have lost a nice chunk of change betting on him. LOL
u go mr. world order give the socialist president more money to perpetuate your dream
He is likely one of the few really weathly people not involved in showbusiness that can give this kind of money.
And Adelson (Macau, Communist Chinese owner) dropped $10 Million on Mitt Robme.
ha ha ha ha ha haha ha ha
Obama/biden 2012 - because our troops and our vets need his improvements to their care - not the cuts Mitt proposed
Where did Soros get his money. According to Obama he didn't build that. And according to all those railing on the 1% ripping people off, you sure are cuddling to one.