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George Soros: Bush Administration
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George Soros will speak at UC Berkeley on Wednesday. Asso... Soros, who has emerged as the largest donor to the Democratic Party, questioned whether Bush's tax cuts will stimulate job growth. "The purpose of Bush's tax cuts was to reduce taxes on the rich, people like me,'' he said. "The linking of job cuts to taxes is deceptive. They weren't targeted at the middle class, and some don't kick in for five years. How does that create jobs in the short term?''
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Soros ran full-page ads in major U.S. newspapers challenging the honesty of the Bush administration's case for waging war in Iraq. Ads in The New York Times, the St. Louis Post-Dispatch, and the Houston Chronicle were titled "When the nation goes to war, the people deserve the truth." Reuters, July 25, 2003.
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Soros was not a large donor to US political causes until the U.S. presidential election, 2004, but according to the Center for Responsive Politics, during the 2003-2004 election cycle, Soros donated $23,581,000 to various 527 Groups dedicated to defeating President Bush. Despite Soros' efforts, Bush was reelected to a second term as president in U.S. presidential election, 2004.
Recently, the American newspaper The Nation revealed that George Soros, through the Harken Energy and Spectrum 7 societies, was the one who, in 1990 saved George W. Bush from bankruptcy by eliminating and absorbing his debts. When asked about this by the newspaper, Soros stated that he did so in order to buy a "political influence" (sic)[2]
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George Soros: If the misconception survives the collapse, it is reinforced. If it doesn't survive, then a correction ensues. If Bush survives the Iraq invasion and is reelected, then the misconceptions that have guided him in the first term are reinforced.
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It's particularly ironic that Soros is working hand-in-hand with the Bush family by investing $1 billion in growing sugarcane in Brazil. Jeb Bush formed the Interamerican Ethanol Commission in December to promote increased ethanol exports from Latin America, leading, perhaps not coincidentally to President Bush's March deal with Brazilian President Luis Lula Ignacio da Silva.
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