Last fall, in our report on George Soros, we noted that “The media consistently ignore the fact that this so-called ‘philanthropist’ has had several brushes with the law,” including a conviction in France for insider trading. On March 24, that insider trading conviction was upheld. The Washington Post gave the story one paragraph on page 2 of the Business Section of the paper. By contrast, the story was on page one of the first section of the Washington Times.
This is the perfect opportunity for our media to finally start examining this billionaire’s business and financial connections. Remember this is the man who tried to buy the White House for John Kerry. SorosMonitor.com, an educational initiative of the DAMMADD organization, is not waiting for the media. Dads and Mad Moms Against Drug Dealers launched the site because of the millions of dollars Soros is pouring into the cause of drug legalization.
If you go to the site, you will see a dramatic photo of DAMMADD founder Steven Steiner at the podium of the National Press Club. We covered what happened to him last October 28, just before the presidential election, when Steiner attempted to say a few words at the National Press Club just before Soros was to deliver a speech. Steiner held up a photo of his dead son, a victim of drugs, and was quickly surrounded and roughed up by security personnel. He ended up in a hospital.
The case in France isn’t the only problem for Soros. The National Legal and Policy Center (NLPC) filed a formal Complaint with the Federal Election Commission (FEC), alleging that Soros had violated the Federal Election Campaign Act in connection with a October 2004 media and speaking tour to defeat President Bush. The NLPC says that Soros apparently failed to report significant expenditures related to his anti-Bush tour. You can find the complaint at http://www.nlpc.org/pdfs/SorosFEC1-18-05.PDF
One possible reason for the gentle media coverage of Soros is the influence that Soros exercises over media groups through his money. Our report noted Soros’ contributions to the Project on Media Ownership, the Independent Media Institute, the Center for Investigative Reporting, the Fund for Investigative Journalism, Investigative Reporters & Editors, and MediaChannel.org.
Soros has always exercised influence over so-called campaign finance reform groups. Those groups were behind the McCain-Feingold bill to reform campaign spending that also put limits on the ability of independent groups to influence political races. The law included a loophole that allowed Soros to spend more than $20 million to defeat Bush.
Now, Senator John McCain’s Reform Institute has been exposed for taking $150,000 from Soros’ Open Society Institute. Journalist and author Richard Poe says the McCain group “has long served as a nerve center for the so-called ‘campaign finance reform’ movement-a movement which has done nothing to clean up campaign finance, but has done a great deal to empower federal judges and government bureaucrats to regulate political speech, in defiance of the Bill of Rights.”
One would think that our journalists, who profess a commitment to the Bill of Rights, would raise the alarm. But they’re too busy filling out grant applications to the Soros Open Society Institute.