US election 2012: George Soros backs Democrats

This week the Obama campaign attacked the Republican-supporting brothers Charles and David Koch, labelling them the “contract killers” of politics for the millions of dollars their Super PAC, American’s for Prosperity, has spent on negative advertising.

The Obama campaign said it estimated that Mitt Romney, the presumptive Republican nominee, had already spent $55m in campaign advertising – 90 per cent of which is negative and funded by Republican-allied Super PACs determined to see Mr Obama ousted from office.

Earlier this year, Mr Obama put Democratic distaste at the Super PACs aside, calling on donors to support the pro-Democratic ‘Priorities USA’ saying the party would not ‘unilaterally disarm’ in the face of the threat from Republican super PACs with “half a billion dollars to spend”.

Reports from the Federal Election Commission suggest the response has so far been tepid, however Democratic fund-raisers will be hoping that Mr Soros’s $1m donations to ‘American Bridge 21st Century’ and ‘America Votes’ might now bring others off the sidelines.

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