President Joe Biden warned in his farewell address from the Oval Office on Wednesday that dark money in politics is dangerous and a threat to democracy.
Dark money refers to political contributions that are not disclosed to the public through sophisticated financial means.
Biden's comments came two weeks after he awarded the Medal of Freedom to George Soros, a billionaire Democratic donor with ties to underground finance.
“George Soros is an investor, philanthropist, and founder of the Open Society Foundations,” President Biden's White House wrote about Soros at the ceremony. “Soros has focused on global efforts to strengthen democracy, human rights, education, and social justice through a network of foundations, partners, and projects in more than 120 countries.”
Millions in black money donations link Let's return to the Hungarian-born Soros. financed Crime-friendly district attorney, radical leftist candidate,and host Regarding the efforts of the Democratic Party.
“In my farewell address tonight, I would like to warn this country about some things that concern me deeply, and that is the dangerous concentration of power in the hands of a very small number of ultra-wealthy people.” and Mr. Biden said Wednesday. “If their abuse of power goes unchecked, there are dangerous consequences.”
“Today, an oligarchy is forming in the United States with extreme wealth, power, and influence that literally threatens our entire democracy, our fundamental rights and freedoms, and everyone's fair chance to advance. ' he added.
Campaign Legal Center explained More about dark money in politics:
For some wealthy special interests, shadow finance groups are a way to influence high-stakes elections while avoiding accountability, both for themselves and from their covert efforts. The same goes for candidates who benefit.
Majority Forward, a Democratic underground finance group with close ties to Senate Majority Leader Chuck Schumer, is a super PAC that spent millions of dollars trying to upset the Republican Senate primary in Montana. He was a major funder of the Last Best Place PAC.
Billionaire philanthropist and self-proclaimed independent Bill Gates secretly funneled $50 million to the 501(c)(4) arm of Future Forward, one of the biggest spenders supporting Vice President Harris. Although he has donated, his donations will not appear in public campaign funds. filing.
Wendell Husebo is a political reporter for Breitbart News and a former RNC war room analyst. He is the author of The Politics of Slave Morality. Follow Wendell “×” @WendellHusebø or society of truth @WendellHusebo.
