USA Today reports that once again those with a whole bunch of money to spend on political speech (i.e. Billionaire Soros and his “Harvard educated” son), are now spending a lot of their hedge fund profits on political speech fighting to prevent others from spending their money on political speech. That is the logic of progressive campaign finance reformers. Just so happens 99% of the money will go to Democrats.
The super PAC that Soros co-founded in April last year, Friends of Democracy, plans to double the number of House races — from eight in 2012 to 16 in 2014 — in which it will spend money backing candidates who support stricter campaign-finance laws. And it hopes to double the amount it raises, from $2.5 million last year to $5 million for the 2014 elections.