Soros: European socialism needed

From an article on George Soros at www.discoverthenetworks.org You can read the full article here.

In a November 2008 interview with Spiegel, Soros made some comments that accurately outlined precisely the course that President Obama's administration would eventually pursue in 2009:

"I think we need a large stimulus package which will provide funds for state and local government to maintain their budgets -- because they are not allowed by the constitution to run a deficit. For such a program to be successful, the federal government would need to provide hundreds of billions of dollars. In addition, another infrastructure program is necessary. In total, the cost would be in the 300 to 600 billion dollar range [in addition to the $700 billion bailout which the government already had given to the financial industry]…. I think this is a great opportunity to finally deal with global warming and energy dependence. The U.S. needs a cap and trade system with auctioning of licenses for emissions rights. I would use the revenues from these auctions to launch a new, environmentally friendly energy policy. That would be yet another federal program that could help us to overcome the current stagnation."

The interviewer then said: "Your proposal would be dismissed on Wall Street as 'big government.' Republicans might call it European-style 'socialism.'"

Soros replied:

"That is exactly what we need now. I am against market fundamentalism. I think this propaganda that government involvement is always bad has been very successful -- but also very harmful to our society…. I think it is better to have a government that wants to provide good government than a government that doesn't believe in government…. At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. In 2010, the Bush tax cuts will expire and we should not extend them. But we will also need additional revenues."

Soros and his foundations have had a hand in funding such noteworthy leftist organizations as the American Constitution Society for Law and Policy; the Tides Foundation; the Tides Center; the National Organization for Women; Feminist Majority; the American Civil Liberties Union; People for the American Way; Alliance for Justice; NARAL Pro-Choice America; America Coming Together; the Center for American Progress; Campaign for America's Future; Amnesty International; the Sentencing Project; the Center for Community Change; the National Association for the Advancement of Colored People Legal Defense and Educational Fund; Human Rights Watch; the Prison Moratorium Project; the Malcolm X Grassroots Movement; the National Lawyers Guild; the Center for Constitutional Rights; the Coalition for an International Criminal Court; The American Prospect; MoveOn.org; Planned Parenthood; the Nation Institute; the Brennan Center for Justice; the Ms. Foundation for Women; the National Security Archive Fund; the Pacifica Foundation; Physicians for Human Rights; the Proteus Fund; the Public Citizen Foundation; the Urban Institute; the American Friends Service Committee; Catholics for a Free Choice; Human Rights First; the Independent Media Institute; MADRE; the Mexican American Legal Defense and Education Fund; the Immigrant Legal Resource Center; the National Immigration Law Center; the National Immigration Forum; the National Council of La Raza; the American Immigration Law Foundation; the Lynne Stewart Defense Committee; and the Peace and Security Funders Group.

Apart from the more than $5 billion that Soros' foundation network has donated to leftist groups like those listed above, Soros personally has made campaign contributions to such notable political candidates as Charles Rangel, Al Franken, Tom Udall, Joe Sestak, and Sherrod Brown. Sphere: Related Content