George Soros Sees Win for ‘Sensible’ Policies
Billionaire investor George Soros said late Tuesday that the projected re-election of President Barack Obama will open “the door for more sensible politics.”
Soros, who has contributed mightily to Democratic causes and supported many liberal and progressive groups, told Reuters: “I’m delighted that President Obama has won. The American electorate has rejected extremist positions.”
In an email exchange, Soros, who was in Budapest, said he hopes “the Republicans in office will make better partners in the coming years.”
He noted that cooperation between America’s political parties is “urgently” needed to deal with the so-called fiscal cliff – the yearend combination of expiring Bush-era tax reductions and steep cuts in domestic spending.
Soros, 82, rose to fame and fortune two decades ago on a now-historic trade in which he took on the Bank of England and shrewdly wagered on a devaluation of the British pound.
Last year, Soros, who frequently speaks out on world economic events, converted his hedge fund into a “family office,” managing money for relatives and friends. He stopped managing money for outside investors.
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning journalism this Passover.
In this age of misinformation, our work is needed like never before. We report on the news that matters most to American Jews, driven by truth, not ideology.
At a time when newsrooms are closing or cutting back, the Forward has removed its paywall. That means for the first time in our 126-year history, Forward journalism is free to everyone, everywhere. With an ongoing war, rising antisemitism, and a flood of disinformation that may affect the upcoming election, we believe that free and open access to Jewish journalism is imperative.
Readers like you make it all possible. Right now, we’re in the middle of our Passover Pledge Drive and we still need 300 people to step up and make a gift to sustain our trustworthy, independent journalism.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
Only 300 more gifts needed by April 30