Soros’ power grab was ten years in the making. Beginning in 1994, he began pouring millions into the campaign finance reform lobby. The result was the Bipartisan Campaign Reform Act of 2002 (BCRA), commonly known as the McCain-Feingold Act.I call it SPECTRE. Much more by following the link. And I guess that's what the Soros minions at his affiliate MoveON.org mean when they say they "bought it" and "own it." Looks good for the minions so far - they got their boy, Howie Dean, as head of the Democratic National Committee.
As a Wall Street Journal editorial noted on December 30, 2003: "Combine… the $1.7 million that Mr. Soros gave the Center for Public Integrity, the $1.3 million he gave Public Campaign, the $300,000 to Democracy 21, the $625,000 to Common Cause, and the $275,000 to Public Citizen – and you can be forgiven for believing Mr. Soros got campaign finance passed all by himself."
Note that all five of the organizations listed above are now attacking Tom DeLay.
What did the McCain-Feingold Act do for George Soros? Why did he spend seven years and millions of dollars pursuing it? It now appears to have been a power play, whose purpose was to gain control of the Democratic Party.
The McCain-Feingold Act barred political parties from collecting "soft money" — that is, donations which are earmarked for no particular candidate, and which are therefore exempt from federal limits on their size. Under McCain-Feingold, the parties could only accept heavily regulated "hard money" donations limited to $2,000 per donor, per candidate.
This rule put the Democratic Party in peril. Republicans had long enjoyed a three-to-one advantage over Democrats in raising hard money. Consequently, Democrats depended for their survival on huge donations from unions, corporations and wealthy individuals — that is, they depended on soft money.
Now Soros had cut off the Democrats’ soft-money supply. The Party seemed doomed. But Soros showed them a way out. He offered Democrats an alternate money source — one which he personally controlled. That source was the Shadow Party.
And, gosh! The Christian Science Monitor even noticed in an otherwise fairly sappy article about Tom Delay:
In recent weeks, Democrats and activists who helped fund the 2004 presidential campaign have created their own "good government" coalitions to target DeLay. Billionaire George Soros's Open Society Institute has contributed some $2.5 million to ethics coalition groups.I bet they aren't going to like it when Number 1 chews them out!