Billionaire Ponies Up Millions for Political Ads

SmokeDog420

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George Soros, who built a fortune gambling on financial markets, has upped the ante again in his effort to oust George W. Bush from the White House, spending $2 million on newspaper ads in 11 key states.
Along with another $1 million for mailers and Web site support, the latest outlay pushes Soros' contribution to the Democratic presidential efforts beyond $21 million. He previously contributed millions to America Coming Together and the Center for American Progress, which have supported an aggressive ad campaign against the president.

Soros' lavish spending has drawn criticism from Republicans, who find his contributions hypocritical, given his financial support for the groups that championed the McCain-Feingold campaign finance legislation.

Heather Layman, a spokeswoman for the Republican National Committee, said voters also should question Soros' influence on Kerry's policy decisions.

"It's natural to wonder if John Kerry supports George Soros on things like legalizing marijuana and saying that the president's words conjure up memories of Nazi Germany," Layman said.

Soros said he decided to put another $3 million behind Sen. John Kerry (D-Massachusetts) to counter the momentum Bush generated at the Republican National Convention and through ads attacking Kerry's record as a soldier in Vietnam.

The new ads, two pages each in 36 newspapers including the Milwaukee Journal Sentinel, began appearing earlier this week. The ad appears in today's Milwaukee Journal Sentinel, along with 15 newspapers in swing states.

From the Oct. 8, 2004, editions of the Milwaukee Journal Sentinel.




Source: Milwaukee Journal Sentinel (WI)
Author: Tom Held
Published: October 8, 2004
Copyright: 2004 Milwaukee Journal Sentinel
Contact: jsedit@onwis.com
Website: Milwaukee Journal Sentinel - Milwaukee and Wisconsin breaking news and investigations
 
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