STAR WARS & POLITICAL GAIN

June 29, 2005

Almost everyone has heard of George Soro’s efforts to defeat George Bush. The billionaire has vowed to spend his entire fortune to see Bush defeated. So far he has contributed a $15 million, making the billionaire couple (John & Teresa Kerry) the richest challenger in political history.

Over the weekend, Sir Templeton pumped in 1/15th of the Soros amount; but, we have just begun to see the stars come out. Barbara Streisand will be right behind Michael Moore. Every actor in Hollywood is going to get in on the action before it’s all over.

What ever happened to the Campaign Finance Reform law? Ahh, yes. Whatever the law is, there will be a way to get around it. In this presidential year, it’s the #527′s that are getting the action. And you thought the $200 million that Bush raised was big-time stuff?

The Democrats (with Soros leading the way) have pumped $80 million into various 527 organizations: ten times what the Republicans have been able to raise! In fact when you look at the top 25 donors to the 527s, 24 are Democrats.

It will be interesting to see how (if) the Republicans and Bush respond to such firepower and star power. One thing is for sure. The next four months are going to be intense, powerful, and backed by hundreds of millions of dollars. The politicians will own the airwaves come September-October.

Written by Ernie · Filed Under Daily Commentary