Billionaire investor George Soros plans to donate $1 million to super PAC American Bridge 21st Century, a pro-Democratic outside group that is helping Mr. Obama and fellow Democrats. The super PAC supporting Mitt Romney, Restore Our Future, spent $38.9 million in the first three months of 2012, much of it on campaign television commercials in support of Romney and critical of his rivals for the GOP presidential nomination.
– George Soros has put himself back in the big leagues of political donors with a pair of hefty donations to pro-Democratic groups. The billionaire—who donated $23 million to groups opposing George W. Bush's re-election in 2004—has given $1 million to the advocacy group America Votes, and $1 million to the pro-Obama super PAC American Bridge, creator of an anti-Romney ad featuring OJ Simpson and the cast of Friends, reports the Wall Street Journal, which notes that Democrats are far behind the GOP in super PAC funding. "George is focusing his political giving in 2012 on grassroots organizing, and holding conservatives accountable for the flawed policies they promote,” says a Soros spokesman. “Both groups are part of a progressive infrastructure, or center left establishment, that plays an increasingly important role in elections. Soros has been critical of Citizens United, the Supreme Court decision that allows him and other billionaires to spend unlimited amounts of cash on groups supporting their preferred candidates, CNN notes.