George Soros

Soros Attacks Free-Market Capitalism in USA Today Puff Piece

By Jeff Poor | May 13, 2008 - 15:58 ET

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’s Political ‘Hit Man’ Brock Takes Aim at McCain

By Matthew Vadum | April 15, 2008 - 01:09 ET

David Brock, the president and CEO of the George Soros-funded character assassination factory, Media Matters for America (MM), which euphemistically describes its mission as “comprehensively monitoring, analyzing, and correcting conservative misinformation in the U.S. media,” isn’t even pretending to be nonpartisan or fair anymore. Brock has assumed the chairmanship of Progressive Media USA (PMUSA) and in that role will spearhead “a four-month, $40 million media campaign centered on attacks on Sen. John McCain,” the Politico reports. “We’re a little behind where we need to be,” Brock said last week of the fledgling group’s fundraising following a Manhattan meeting with Soros, the left-wing philanthropist, and Paul Begala, the ubiquitous TV talking head and longtime Democratic Party operative.

Soros Anti-American Horror Propaganda Coming to a Theater Near You

By Matthew Vadum | April 12, 2008 - 16:42 ET

Not too many commentators seem to have noticed that George Soros is slowly but surely becoming the mainstream media that is the focus of the analysis we do at NewsBusters. The liberal billionaire-turned-philanthropist has been buying up media properties for years in order to drive home his message to the American public that they are too materialistic, too wasteful, too selfish, and too stupid to decide for themselves how to run their own lives.

Soros-backed Blogger Mocks McCain for un-'Presidential' Teeth

By Ken Shepherd | March 26, 2008 - 13:57 ET

(h/t Moe Lane/RedState)

Liberal blogger Molly Priesmeyer may have bitten off a bit more than she can chew with a blog mocking Republican presidential candidate John McCain for his false teeth. Of course, commenters on her blog have noted that McCain's teeth were smashed out by North Vietnamese tormentors, but Priesmeyer's entry at Minnesota Monitor remains online although it obviously is in poor taste:

If bloggers are saying one thing about John McCain this week it's that the 71-year-old has some serious grit. Of course, that grit comes in the form of McCain Mouth, a deformity that apparently causes teeth to look like a mess of yellowed and contorted Chiclets. Today, BuzzFeed.com has picked up on the mouth meme, turning McCain's piano-key chompers into an official phenomenon.

The consensus? "They're old." And, "He looks like Reverend Kane from Poltergeist II." And, "Dude has had a ton of plastic surgery, can't he afford a dentist?"

Hot Air's Ed Morrissey noted today that Minnesota Monitor is funded by left-wing megamillionaire George Soros:

US Has Killed 655,000 Iraqis? Soros Funded Lancet Study Debunked

By Warner Todd Huston | February 9, 2008 - 16:29 ET

The newest update to a study published in the British medical journal, the Lancet, claims that 655,000 Iraqis have been killed since the U.S. invaded Iraq. This absurd claim has been hailed around the world as evidence of the evil American empire's murderous reign in the Mid East. But it turns out that the entire study is not only filled with lies, the creators of the study even tried to hide the fact that George Soros funded the thing.

MSM sources like the AP and the Washington Post, among many others, highlighted the report lending it credence when it came out last month but few of those news outlets revealed the source of the study's funding. While most did reveal that the study was "controversial," few went into just how far off from the truth the details of this study are.

The real facts, however, are beginning to come out.

Sen. Hatch Lashes Out at MoveOn.org and Daily Kos Again

By Noel Sheppard | February 8, 2008 - 15:17 ET

NewsBusters readers should recall that in September, as many in Congress condemned the "General Betray Us" advertisement placed in the New York Times by George Soros's MoveOn.org, Sen. Orrin Hatch (R-UT) said on the Senate floor:

Now, all of America understands MoveOn.org and other groups like it are called the nutroots of our society. These people are nuts and they don't care who they hurt, they don't care who they smear they don't care who they libel.

On Wednesday, during a conference call with bloggers, Hatch once again lashed out at these far-left leaning entities that are unduly influencing Democrats in order to block key legislation concerning FISA (27-minute audio available here):

NYT: Celebrating America's Decline, 'Waving Goodbye' To The U.S.A.

By Warner Todd Huston | January 28, 2008 - 13:41 ET

Through the pessimistically, penumbrous pen of Parag Khanna, the New York Times has declared that the U.S.A. is finished. Yes, we have lost our "global hegemony" and we will find that by 2016, "America’s standing in the world remains in steady decline." Boy, it looks bad the for the good 'ol U.S. of A., as far as the Times is concerned. My guess is that the news of our demise is being greatly exaggerated.

So, who is this Parag Khanna to whom the Times has given all this space? Well, he's a "senior research fellow in the American Strategy Program of the New America Foundation" and guess who this organization is linked with? You guessed it: George Soros. Jonathan Soros, son of George Soros is one of those listed on the "Leadership council." In fact, the larger portion of the Board members and other associates are journalists and left leaning activists. With a few token and so-called right leaning folks -- like Francis Fukuyama and Christine Todd Whitman, neither of whom are conservatives -- the Board of directors also sports such well-known names as the leftie Google king Eric Schmidt and Bernard L. Schwartz, the man responsible for transferring restricted technology to China during Clinton's lamentable years in office.

No wonder Khanna thinks the U.S.A. is finished, look who he hangs out with!

CNN’s Cafferty Overlooks Soros Connection to ‘Bush Lied’ Study

By Matthew Balan | January 23, 2008 - 18:57 ET

CNN’s Jack Cafferty, on Wednesday’s "The Situation Room," unsurprisingly heralded the study by the Center for Public Integrity that Bush Administration officials made hundreds of false statements in the lead-up to the Iraq war. He did not mention, however, the Center’s funding by various left-wing individuals and foundations, most notably George Soros.

Cafferty, who commented on the study during his regular "Cafferty File" segment eight minutes into the 4 pm Eastern hour of the CNN program, bluntly referred to the supposed "false statements" made by these officials as "lies." He also repeated a line from the study that the "lies" "were part of an orchestrated campaign that effectively galvanized public opinion and, in the process, led the nation to war under decidedly false pretenses." With that last phrase, one cannot doubt the political leanings of these "nonprofit journalism groups," as Cafferty referred to them.

Soros Calls for Government Control of Markets, Even If It Means ‘Wiping Out the Shareholders’

By Nathan Burchfiel | January 23, 2008 - 18:11 ET

Billionaire investor George Soros called for more government monitoring and involvement in markets in an interview on CNBC January 23.

"Now we really have to reconsider the whole policy, which has been in my opinion misplaced, of relying on the markets to police themselves," Soros told Maria Bartiromo in Davos, Switzerland, "to recognize the risks. And there are risks which it is the job of the authorities to control, and the authorities have abdicated their responsibilities. So did the rating agencies."

Soros slammed the government for "not taking the right steps in dealing with" what he called upset financial markets. "[T]he authorities ought to move into the market makers, look at the books and make sure that the bad risks are recognized and reassure the markets that the main actors, the banks that are too big to fail, will not fail, that they will in fact be bailed out the same way as Northern Rock was bailed out even if that means wiping out the shareholders or greatly reducing their benefits."

NYT: 'Remarkable' New Left-Wing Database Shows Bush Lied Us Into War

By Clay Waters | January 23, 2008 - 15:14 ET

The left-wing Center for Public Integrity has put together a database allegedly proving the Bush administration lied about WMDs in Iraq, and the New York Times joined the rest of the media in celebrating it with left-wing talking points that sound like they came straight off a press release.

The humdrum headline over John Cushman Jr.'s Wednesday story ("Web Site Assembles U.S. Prewar Claims") hid some deep bias.

For one, the Times failed to pin an ideological label on the organization and made no mention of CPI's ties to the left-wing billionaire George Soros, which funds the organization through his Open Society Institute.

For the rest, well, simply read the encouraging prose and references to Watergate.

AP Reports 'Bush Lied' Study Funded by Ultra-leftist George Soros

By Warner Todd Huston | January 23, 2008 - 11:57 ET

Video update posted below.

Well, the AP has done it again. They have given us leftist propaganda and painted it as news. This time they have published the results of a "study" that claims that "Bush lied" in the run-up to Iraq and somehow the AP forgot to mention that the organization that released this study was funded by extreme leftist George Soros, who has spent billions funding the Democrat Party and many far left think tank and advocacy organizations. Yeah, THAT study is going to be legitimate!

This one may as well have been just a reprint of the press release of the Soros-funded Center for Public Integrity, but the AP dressed it up as an actual story written by reporter Douglass K. Daniel. Headlined "Study: False statements preceded war," the AP reveals how, "A study by two nonprofit journalism organizations found that President Bush and top administration officials issued hundreds of false statements about the national security threat from Iraq in the two years following the 2001 terrorist attacks."

Soros Funded Lancet Study Claiming 650,000 Iraqi War Deaths

By Noel Sheppard | January 12, 2008 - 22:20 ET

Remember that highly controversial study published in the journal Lancet in 2006 claiming that 650,000 Iraqi citizens have died since the start of the war in March 2003?

Well, according to an article published in England's Sunday Times, antiwar activist and MoveOn.org founder George Soros was partially responsible for the funding.

I'm sure this will be front-page, headline news for all of America's press outlets in the coming days, aren't you?

While you ponder, here are the facts according to the Times (emphasis added):

Is Soros Using Environmental Scare Tactics To Gain Control of Gold Mine?

By Bill Hobbs | December 10, 2007 - 18:00 ET

A recent NewsBusters post about the role that leftwing billionaire George Soros played in undermining, quite literally, the economic future of an impoverished region of Romania, prompted a reader to send me a link to a profile of Soros published in 2003 which contains a tantalizing mention of Soros' involvement with another mining project in Eastern Europe.

Writing in the London magazine New Statesmen about Soros and his "Open Society Institute," journalist Neil Clark wrote,

A Victory for George Soros

By Bill Hobbs | December 5, 2007 - 18:52 ET

Being a billionaire certainly has its advantages. You can throw your money around and get what you want, and in the case of leftwing billionaire George Soros, what he wanted was a proposed gold mine killed that would have brought economic prosperity to an impoverished village in Romania. Soros, who has investments in rival gold mining companies, organized opposition to the project via his Open Society Institute in Romania, working hand-in-hand with several non-Romanian NGOs against the project.

If Soros was a rightwing billionaire, his efforts and intervention in this matter would no doubt be scrutinized by the American media and held up as an egregious example of capitalism run amok and of undue Western interference in the affairs of another country.

But Soros is a primary funder of the American Left, and as such his activities get little scrutiny from a politically sympathetic American media. That's a shame. Because the shutdown of Gabriel Resources' mining project in Rosia Montana, Romania, means an immediate loss of hundreds of jobs and a long-term loss of perhaps thousands of jobs created at the mine and spillover economic growth in the impoverished region.

CNBC Expert Warns of $150-200 Barrel Oil

By Jeff Poor | November 20, 2007 - 18:32 ET

Imagine seeing this prediction on your television screen: "Oil will hit $150 or $200 during this commodity bull market."

Makes you want to stockpile oil while it is priced at $98 a barrel, but such was the case on CNBC today.

Credit Billionaire Jim Rogers, described as a commodities guru and a founding partner with the infamous George Soros of the Quantum Fund in 1970. He told Maria Bartiromo on the November 20 "Closing Bell" on CNBC he see's no slowdown in the rising price of oil, regardless of what OPEC does.

"OPEC had a big meeting this week," Rogers said. "If they had a lot more oil to produce, they would be producing it. They don't have it."

The NewsBusters Weekly Recap: October 20 to 26

By Scott Whitlock | October 27, 2007 - 09:42 ET

Aren't they Grand?

On Wednesday's "Early Show," Harry Smith gushed over Bill and Hillary Clinton and how two "idealistic kids" transformed themselves into "political rock stars." Smith also took pains to point out that the Clintons are a "still-young couple." Over on ABC, Clinton-fan Kate Snow fawned over Bill and Hillary for being "masters at turning bad news into good." In general, she seemed to be impressed with the 2008 candidate's ability to spin the American public.

Global Warming: The Answer for Everything

NBC, predictably, kicked off the media blame game and assigned the cause of the California fires to, you guessed it, global warming. "Nightly News" host Brian Williams wondered, "Are these fires somehow a result of climate change?" CBS echoed a similar theme on "60 Minutes." CNN also used the tragedy in California to speculate about global warming. A CNN special, "Planet in Peril," which aired this week, failed to mention that one of the climate change scientists featured also happened to be funded by George Soros.

NASA’s Hansen Claims He’s Being 'Swift-boated' by Critics

By Noel Sheppard | September 28, 2007 - 12:55 ET

A fascinating new liberal defense mechanism has arisen in the past couple of years: Whenever you want to dodge criticism, just claim you are being swift-boated.

In fact, this has become such a part of political parlance that Microsoft Word now recognizes the term "swift-boated" without highlighting it as errant. Isn't that special?

With that in mind, the head of NASA's Goddard Institute for Space Studies, James Hansen, is claiming that recent accusations made about him - that he was involved in a GISS report in 1971 predicting an ice age, and that he received money from multi-billionaire George Soros - are nothing more than swift-boating by his critics.

Of course, folks who offhandedly use this defense seem to forget that Sen. John Kerry (D-Mass.) actually never proved that any of the claims made by the Swift Boat Veterans for Truth were false.

Similarly, in Hansen's case, though he admirably tried to deflect scrutiny, he also failed to thoroughly refute the claims made against him (emphasis added, h/t NB reader M. Hoff):

NASA’s Hansen Mentioned in Soros Foundations Annual Report

By Noel Sheppard | September 26, 2007 - 17:51 ET

As NewsBuster Jake Gontesky reported, an editorial in Investor's Business Daily Monday claimed one of billionaire leftist George Soros's foundations gave $720,000 in 2006 to the head of NASA's Goddard Institute for Space Studies, James Hansen.

Since this editorial was published, according to LexisNexis and Google News searches, not one major media outlet has reported these allegations.

Maybe even more shocking is that had press outlets looked into this matter - you know, acted like journalists instead of advocates! - they would have found Hansen's name prominently mentioned in the 2006 Soros Foundations Network Report (relevant section on page 123):

Is Global Warming Alarmist James Hansen a Shill for George Soros?

By Jake Gontesky | September 26, 2007 - 09:58 ET

The claims against anthropogenic global warming skeptics are often the same: they're all shills for big oil or other industry wishing to poke holes in the 'consensus theory' of global warming (which isn't a consensus at all). Under the so-called "politicization of science" program, George Soros' (the favorite fundraiser of many democrats) has reportedly given as much as $720,000 to Hansen to help package his alarmist claims and get them pushed by the mainstream media (The Soros Threat to Democracy):

How many people, for instance, know that James Hansen, a man billed as a lonely "NASA whistleblower" standing up to the mighty U.S. government, was really funded by Soros' Open Society Institute , which gave him "legal and media advice"?