'NYT' Sunday Preview: George Soros on Money and Politics

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By: E&P Staff In an interview in this Sunday's New York Times Magazine, billionaire businessman George Soros, a leading funder of anti-Bush gropps in 2004, admits, "You can't buy the elections" -- and, anyway, "Republicans are much better at messaging and distorting the truth." As an example, he cites the "Swift Boat ads" as having "a tremendous impact."

He also tells Deborah Solomon that while he donated something like $27.5 million to MoveOn.org and other anti-Bush groups in 2004, and got nowhere, he does not feel it was squandered. "I did what I could," he testifies. "I didn't succeed. You know, it didn't hurt me." He notes that the annual budget of his foundations is about $400 million.

Looking to the next elections, Soros says it's important for the Democrats to gain control of the House and he is "supporting efforts to do that." America has the wrong leadership, he charges, but "we also have the wrong followership. People don't care about the truth."

Soros also observes that if all of his ideas on regulation were put into effect he would probably lose money. Asked if he thought he has made too much money, he replies, "No. Not enough, not enough."

The interview apepars in the Times' "Money Issue" with a cover story called "Debt: America's Scariest Addiction Is Getting Even Scarier."

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