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Bad News for Dems: Soros Only Bets on Winners

The New York Times politics blog reports that at an appearance last week sponsored by the Bretton Woods Committee, left-wing billionaire George Soros conceded the midterm elections to the GOP. Soros was a major backer of liberal Democratic candidates in the past three election cycles but said that he has backed off in 2010:

Asked if the prospect of Republican control of one or both houses of Congress concerned him, he said: “It does, because I think they are pushing the wrong policies, but I’m not in a position to stop it. I don’t believe in standing in the way of an avalanche.”

Soros may be wrong about almost everything in terms of policy in his financing of left-wing politicians and groups that seek to undermine the defense of American interests against Islamist terror and the U.S. alliance with Israel (J Street). But he didn’t get filthy rich by betting on losers. In other words, that rumbling sound you’ve been hearing the past few months, and which liberal writers at the Times and elsewhere have been interpreting as the upsurge of an extremist conservative Tea Party faction that will soon recede, is actually the sound of a genuine and broad-based electoral landslide that is about to bury the congressional Democratic majority that Soros worked so hard to create.