George Soros Gives $2 Million to Pro-Democratic Groups

May 8, 2012 Updated: May 9, 2012

Billionaire George Soros is pledging $2 million to two liberal groups who are fighting to get President Barack Obama re-elected, according to The Associated Press.

Soros, who is estimated to be worth around $20 billion, donated $1 million to America Votes and $1 million to super PAC American Bridge 21st Century.

“As he has in the past, George is focusing his political giving in 2012 on grassroots organizing and holding conservatives accountable for the flawed policies they promote,” wrote Soros’s political adviser Michael Vachon in an email obtained by The Washington Post.

“Both groups are part of a progressive infrastructure, or center left establishment, that plays an increasingly important role in elections,” he added.

Soros was one of the top contributors to Democrats during the 2004 presidential election, donating around $23 million to pro-Democratic groups.

The New York Times reports that Soros’s gifts are part of a larger attempt for a pro-Democratic focus on grassroots organizing rather than competing with conservative groups for advertising.

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