Hopefeully that piece enlightens you on some of the questions that you pose here.

Soros is free to offer his opinion and his money as he wishes but too many aggressive positions backed by too much money creates problems.

If there is not a group or an individual ther to effectively take him on, at the bare minimum I wish that there was an entity that could highlight and publicize his positions and his influence backed by his money.

Regrettably the media outlets that may take that task are few andfar between. WSJ is one but not enough.

Friend, you really need to get a life. I’m a Hillary supporter who voted for Obama, and I never wanted to go after Bush/Cheney like that, and they deserved to be gone after like that.

It is kinda funny for me to be worried abt the Dems running all three branches – a year ago, I would have been HAPPY abt it. But with the economy in the mess it is; with Dodd wanting to cut ACORN, La Raza, and the Urban league on for approx. $140 Bn in bailout repayment,and with ACORN getting kickbacks on new mortgages; with Pelosi wanting to increase the amt of IEC checks; with talk of putting 401(k)s into government securities, with whopping 3% interest; and now Obama talking abt MORE bailout money and bailing out Detroit (hone of his BFF, convicted felon, Kilpatrick), I am more than a little concerned.

What kind of real oversight will there be? How can we know what they are REALLY doing with our money? How will they be able to grow jobs if they are spending all the apportioned funds in primarily one sector? These are just some of the questions I have.

On “60 minutes” (last week I think) they had a segment on “bucket shops”. I didn’t see the first 10 minutes, so am a bit hazy on the detail,but came away with the impression that vast amounts of money (trillions) were involved in previously outlawed speculative “betting” on mortgage defaults.

Any insights and explainations you could give as to the who, what, when, where, how etc. – especially how it ties into the mortgage melt down and if the tax payer bailout will be used to cover any of these losses would be greatly appreciated.

Thanks for another great recaps of economic and market conditions. As always they are concise, insightful, and readily understood. No simple feat when dealing with economic matters.

Goldman Sachs $874,207

Here is something else I noticed that I think needs to be investigated if someone knows how.

Top Industry of Obama Donors
1 Retired $40,053,318
2 Lawyers/Law Firms $36,755,162

Top Industry of McCain Donors
1 Retired $32,321,744
2 Lawyers/Law Firms $9,662,840

Now we KNOW from the polling, that Obama did not get the elderly vote. Does anyone believe they were actually donating to him in droves, donating more to him in fact than the person they voted for?!?
Something most definitely stinks here!

Thank you LD — these are helpful in understanding what’s happening in the Financial world.

I have absolutely no faith that the dems under the current misguided leadership will be able to avert major disaster. The economic advisers of O-zero all have questionable resumes.

One economic opinion pundit wrote that all of O-zeros suggestions on how to “fix” the current mess have been tried before and have been shown to be worthless.

Problem is the O-zero and the nuts surrounding him are not creative thinkers — and none can see the whole picture. Most are ideologues with rigid ideas and theories. Most of these people had an active hand in creating the current mess.

I’m waiting for the Free market dogma from the ONE — any day now.

George Soros’ Liberal Agenda Will Carry Weight In Obama Presidency

by Rowan Scarborough
11/05/2008

No man has a larger stake in a president Barack Obama administration than ultra-liberal billionaire George Soros.

This decade, the Hungarian-born hedge fund investor has poured tens of millions of dollars into left-wing attack groups and Democratic campaigns. Soros’ grand plan is to destroy the Republican Party and conservative movement, while promoting the wish list of the political Left.

With Democratic victories Tuesday, Soros may be on the cusp of fulfilling his dreams of social reorder — funded by a fortune of $7 billion he amassed through rampant speculation on world currencies.

Soros has channeled his gains into such groups as Moveon.org and the Center for American Progress, not to mention the Democratic Party and its candidates. He may rightly have claimed any Democrat victory as his own this Election Day and expect President Obama to adopt his American vision.

“Soros is Obama’s principal patron,” said Richard Lawrence Poe, co-author with David Horowitz of “The Shadow Party,” a critical look at the network of left-wing tax-exempt groups the investor sponsors. The groups in turn doled out money to liberal candidates such as Obama.

The book’s subtitle is, “How George Soros, Hillary Clinton, and Sixties Radicals Seized Control of the Democratic Party.”

“He created Obama,” Poe told HUMAN EVENTS. “An Obama presidency will be a Soros presidency.”

Poe said federal election records show Soros jump-started Obama’s 2004 U.S. Senate campaign with $60,000 from himself and family members.

“These personal contributions are but a drop in the bucket compared to the unknown quantities of money Soros has channeled into the Obama campaign through his so-called Shadow Party,” the author said.

To understand the 78-year-old Soros’ world view, first look at his two obsessions: he dislikes President Bush intently, likening him to Hitler. And he dismisses the war on terror as a waste of time.

Then there is the press. Any one on the Left with lots of money who bankrolls liberal causes typically receives flattering coverage. Soros is no exception. He enjoys puff-ball treatment from the New York Times, Washington Post and their followers.

CNBC, for example, presents the talking-head Soros as a non-partisan investor, never telling viewers of his liberal crusade to destroy Republicans and how that might color his views.

His hatred of Bush and of the war against radical Islamic terrorists stand as the underpinnings for scores of leftist positions.

He funds his causes through his New York City-based Open Society Institute. Its web site is full of flowery prose about eliminating hunger, bringing social justice and encouraging diversity of opinion.

But beneath the propaganda is a financial grant system channeled to the hard left.

Click the link for “U.S. Programs” and this national security objective pops up: “Shifting the paradigm away from the ‘war on terror.’” In other words, terrorists are victims and the U.S. is the perpetrator and must be stopped. The web page portrays America as a racist society at its roots.

Other Soros demands:

– Legalize gay marriage and euthanasia, and make abortion more available. He funds groups that claim they are Catholics for choice.

– Legalize illegal drugs, or at least reduce the penalties. Soros believes crack cocaine dealers are victims because powder cocaine sellers receive shorter prisoner sentences. They are typically white, while crack users are black, he says.

– Give felons the right to vote and end the death penalty.

– New rights for illegal aliens.

– An end to U.S. global supremacy.

“George Soros has stated repeatedly and explicitly that he views the United States and its capitalist ideology as a threat to world peace,” said Poe. “A consistent pattern, both in his political giving and in his philanthropic endeavors is to press for policies whose only possible effect will be to bankrupt the United States and end the reign of the U.S. dollar as the world’s dominant exchange currency. Soros wishes to replace the U.S. dollar with a global currency, issued by a global bank.”

Soros told the Washington Post in 2003 that defeating Bush’s reelection “is the central focus of my life” and “a matter of life and death.”

“When I hear Bush say, ‘You’re either with us or against us,’ ” Soros said, “it reminds me of the Germans. It conjures up memories of Nazi slogans on the walls, Der Feind Hort mit [The enemy is listening]. My experiences under Nazi and Soviet rule have sensitized me.”

He reportedly gave $5 million to Moveon.org, which promptly ran video ads comparing Bush to Hitler. An image of a saluting Hitler gives way to Bush taking the oath of office. Get it?

Despite the Open Society Institute’s lofty mission statement, Soros likes this sort of bare-knuckle personal destruction.

After all, Bush is not the only person Moveon.org has savaged. It called Gen. David Petraeus a commander who is betraying his country. In 2004, Moveon.org attacked the evangelical beliefs of George Gallup Jr., son of Gallup’s founder, because the company produced a presidential poll it did not like.

On the war, Soros has written that “terrorism is an abstraction.”

In his book, “The Age of Fallibility: Consequences of the War on Terror,” he wrote, “The Bush administration and the Nazi and communist regimes all engaged in the politics of fear. Indeed, the Bush administration has been able to improve on the techniques used by the Nazi and Communist propaganda machines by drawing on the innovations of the advertising and marketing industries.”

When Mr. Soros comes to Washington next year, Democrats will be listening. If they don’t, Moveon.org has some videos ready.