If you're a believer in the Larry Kudlow creed, that "free-market capitalism is the best path to prosperity," then look out, because George Soros is going to make you cringe.
A May 13 USA Today article by David J. Lynch profiled the Hungarian billionaire who said he sees traditional free market theory as "flawed."
"Of course, real life never matches up exactly with the theory's assumptions. But they represent, economists say, a useful way of making sense of a complex world," Lynch wrote.
"To Soros, the conventional approach is rubbish. Instead of a world of near-identical actors, coolly assessing their economic interests and acting with clear-eyed precision, he sees a world (and markets) governed by passion, bias and self-reinforcing errors," Lynch wrote. "Because fallible human beings are both involved in, and trying to make sense of, this world, they inevitably make mistakes. Those mistakes then feed on themselves in ‘reflexive' ways that, when taken to extremes, result in situations such as the now-deflating U.S. housing bubble."
Soros' claim demonstrates he has little confidence in free markets to be self-correcting. He wrote in The New Republic on Sept. 2, 2002, in an article "Busted; Why the markets can't fix themselves," that "stronger government intervention" is required in the marketplace.
However, according to Business & Media Institute advisor Don Luskin, Soros' "Theory of Reflexivity" could be better explained as an effort manipulate economic and political events. He referred to Soros short-selling the British pound in 1992 after England was pressured to devalue its currency. Soros made $1 billion in one day, which caused the pound to suffer even more.
"Simply, ‘reflexivity' says that financial markets can have impacts on the real world," Luskin wrote. "So if you want to move the world, just move the markets."
The story also stated Soros is a target of Fox News commentator Bill O'Reilly and conservative Web sites such as freerepublic.com, which "routinely assail him as ‘anti-American.'" However, Soros brings a lot of that on himself for engaging radical left-wing causes
According to a 2003 Cybercast News Service story, Soros has donated to America Coming Together, MoveOn.org and the Center for American Progress. But, the Lynch article described these endeavors as a concentration on "philanthropy."
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he finally shows his colors
May 13, 2008 - 16:14 ET by wizardjrThis sock puppet for Putin is a far, far, far leftist who is out to destroy America in revenge for the collapse of the USSR. Just track his actions. Look at the gold mine fiasco in Romania. He screwed an entire town (and region) to protect his interests in Hungary. Once the bottom completely falls out he'll do what he does: swoop in and buy it up for a penny on the dollar.
In the mean time he spends millions working on forwarding socialism in America. He is a public enemy of America make no mistake. His citizenship should be revoked.
Of course Soros hates a
May 13, 2008 - 16:17 ET by mattmOf course Soros hates a Free Market; his billions came from a controlled market in which he is the beneficiary of government regulation.
Liberals should hate this guy, that is, if they truly are liberal, and not neo-fascist socialists.
Yes
May 13, 2008 - 16:46 ET by Docmattm,
Well said.
Also, watch for dirty tricks & sleazy attack ads against John McCain by the "Fund for America and Progressive Media" which is a Soros front group.
Same here
May 14, 2008 - 07:15 ET by BobAnthonyWhat else would one expect from a "newspaper" like USA Today--WHICH LIKE MOST NEWSPAPERS HAVE THEIR PLACE...AT THE BOTTOM OF A KITTY LITTER BIN OR BIRDCAGE!
I suppose Soros will also
May 13, 2008 - 17:29 ET by celatorI suppose Soros will also explain in his new book why he was so dumb as to allow himself to get caught in insider trader activities with the French Bank Societe Generale in 1988. It would be very enlightening for other criminals to learn the mistakes he made which caused Soros to get caught with his hand in the till, so to speak. They could perhaps learn how to avoid getting caught in such profitable activities.
His insider trading was investigated by French law enforcement and he was convicted initially in 2002. He appealed, of course, (didn't these silly French courts understand that he was the great George Soros? The cads!! Quelle dishonour!!) His conviction for insider trading was upheld by the highest French court in France in June 2006. He has since appealed to the European Court of Human Rights.
As we all know, he is the favorite source of cash for left wing Democrats. They all must bow and kiss his ring when he is in the room and call him Your Majesty when addressing him.
These liberal sellouts better check the serial numbers on the $$$ he gives to him. He might have already picked their pocket to get the money in the first place.
They also better vote the way he orders them to vote or the bribe money will dry up. That would be awful.
Soros hasn't been a cash
May 13, 2008 - 17:38 ET by bigtimerSoros hasn't been a cash cow for just the democrats.
"Never murder your opponent when he is committing suicide." ~ W. Churchill
Oh Yikes. It's worse than I
May 13, 2008 - 17:47 ET by celatorOh Yikes. It's worse than I thought. We are in serious trouble. Thanks for the link.
cel... You're welcome...I
May 13, 2008 - 17:53 ET by bigtimercel...
You're welcome...I just wished more people were more informed about this man.
"Never murder your opponent when he is committing suicide." ~ W. Churchill
The guy's a scumbag of the
May 13, 2008 - 18:19 ET by CortillaenThe guy's a scumbag of the highest caliber. NB has previously mention such events as his underhanded undermining of a mine project in Romania (two links) through scare tactics. I wonder if he's swooped in to "rescue" the gol-er, people of Rosia Montana.
EDIT: Oops, forgot the best of the Soros gold links
www.rhjunior.com Great comics with a hefty dose of Christian and anti-nutjob goodness.
"With your mind as high as Mt. Fuji you can see all things clearly. And you can see all the forces that shape events; not just the things near to you." -Miyamoto Musashi
Cort... When I was
May 13, 2008 - 23:55 ET by bigtimerCort...
When I was referring to "this man" I meant McCain not Soros...I was talking about the McCain/Feingold act and how it got funded and started with the $$$ he gave McCain...the link says a lot, plus links within...and it says a lot about McCain.
Soros is evil, that goes without saying, most people do not know all of this about McCain and his ties...there will be more to come in the general election...anybody remember the Swift Boats for Vets that McCain denounced?
"Never murder your opponent when he is committing suicide." ~ W. Churchill
Great link BT
May 13, 2008 - 20:36 ET by JPR1Didn't know this guy had his stinky fingers on the Mc/Fg debacle.
The more I learn about him the more he reminds me of one of Ian Flemings bad guys. We need James!
Wondering... can he be John McCains Rev Wright? A conundrum for the lefties I guess.
McCain-Feingold has damaged
May 13, 2008 - 21:11 ET by jpm100McCain-Feingold has damaged the Republican party's ability to campaign competitively.
Even before MF, it was clear Democrats had a huge advantage in 527s but McCain gleefully went along anyway. And the penalties for 527s being found guilty of supporting a particular candidates are a joke.
McCain has gotten his shot at president over the dead body of the Republican party.
And thus...
May 14, 2008 - 07:17 ET by BobAnthonythere's why I will vote for the Constitution Party. Having Bob Barr in the Libertarian Party is asking for trouble.
Soros is in the right hand
May 13, 2008 - 17:42 ET by rbosqueSoros is in the right hand of the devil. His hatred for America and his god-complex will surely cause many more to suffer.
You also have to remember
May 13, 2008 - 21:19 ET by jpm100You also have to remember that Soros makes his money from Hedge Funds which thrive on world uncertainty and chaos. Hence his support of the Democrat Party.
In fact the tie between hedge fund managers in general and the Democrats is stronger than one might initially guess.
Thank you America!
May 13, 2008 - 21:34 ET by dmannGeorge Soros and his would be bride Arianna Huffington are pathetic, both loath the country that afforded them the freedom to achieve individual success and amass personal wealth inspite of their professed political agendas. Hypocrisy is the language of Euro-elitist vermin, their arrogance is marketed as intellect which is eagerly lapped up by the mindless sloths that subscribe to liberal dogma without question.
All Hail the Messiah!
Not This Again
May 13, 2008 - 23:37 ET by The7SticksThis obsession over George Soros is so bizarre I can't even tell if anyone is in their right mind anymore. Soros is just a hard-left billionaire who, like any other billionaire, donates money to his favorite causes whether you like them or not. I find it hard to believe that he has supported terrorism financially when I've seen some other, more concrete, examples (I.E. Dominos' founder Tom Monaghan, who donated money to the domestic terrorist group Operation Rescue.)
I feel sorry for all of you. I say good day, sirs.
Thank you
May 13, 2008 - 23:47 ET by MightyMouthGeorge, we accept your sorrow and would like to say, good night sir!
*rolls eyes*
"There are two types of people in this country; those who provide freedom and those who enjoy it." MM says...
Find it hard to believe that Soros supports terrorism, do you?
May 14, 2008 - 13:13 ET by TeddyWell believe it!
http://online.wsj.com/article/SB120934263440048541.html?mod=todays_columnists
It's also true that Monaghan's pizza guy history isn't as "sexy" as Soros' having helped the Nazis round up his own people to murder them while he confiscated their belongings on his way to making himself the Godless, Ammoral, Parasitic POS billionaire that he is, but hey, a guy's gotta eat? Right?
And no need to feel sorry for us either, Mrs. Obama. Thanks for caring though.
Ps. So is Operation Rescue now the Only American "domestic terror group"?
Why no mention of Rudolph and McVeigh in the usual Libtard relativist trifecta manner this time?
Are we as a nation perhaps not as bad Al-Qaeda, Hamas, Hizbollah anymore?
Striking Resemblance to Dr. Strangelove
May 13, 2008 - 23:45 ET by buzzbeeAm I the only one that notices the shocking resemblance between Soros and the character of Dr. Strangelove?
Dr Evil
May 14, 2008 - 18:46 ET by wizardjrHe's more like Dr. Evil. Someone even photoshopped his face in and it really fit.