McCain’s service to the Shadow Party brought him financial benefits. In 2001, McCain founded the Reform Institute for Campaign and Election Issues. The Institute’s major funders were mostly leftwing foundations. Prominent among them was George Soros’ Open Society Institute.
FP: It seems ironic that Soros spent ten years lobbying for campaign finance reform, only to emerge as one of the biggest influence buyers in Washington.
Poe: As I said, the McCain-Feingold Act was a Trojan Horse. It made the Shadow Party possible. Among other things, it forced the Democratic Party into a financial crisis, enabling Soros to swoop in and buy up the Party at a bargain-basement price.
Democrats have traditionally relied on large, soft-money donations from unions, while Republicans relied more on small, “hard-money” donations from mom-and-pop donors. When McCain-Feingold outlawed soft-money donations to the parties, Republicans were not unduly hampered, but Democrats flew into a panic. They faced the real possibility of bankruptcy.
Enter George Soros. After forcing the Democrats into a fiscal crisis, he then offered to rescue them. He set up a network of non-profit, “issue-advocacy” groups – the Shadow Party – and invited all the big Democrat donors to contribute to his network. Thus they could still contribute to the Democrat cause, but without giving directly to the Party. The Party became dependent on Soros to raise campaign contributions which the law now forbade the Party itself to raise
This is the face of the Democrat Party...it is run by the far leftest types, moveon.org is just one...there are many more. The Liberman type of Democrat is no more. The liberal Democrat far left party runs it all today and Dean is the head that keeps it in the news...Pelosi, Reid, Kennedy, Clinton, are all part of what keeps it alive. It is the face of doom for American security and will appease at all costs. They dismiss the war...dismiss the attack and dismiss the Islamic Muslim Terrorist. Just listen to Jay Rockefeller if you don't think the DIMS don't have their own outlook.