Dozens of leftist millionaires and billionaires convened the "Phoenix Group" in Scottsdale, Arizona, to discuss seeding some new liberal think tanks. The ironic thing is that the only way these think tanks will be able to come up with ideas that work is if they abandon the leftist ideals of these business-savvy but clueless donors.
George Soros told a carefully vetted gathering of 70 likeminded millionaires and billionaires last weekend that they must be patient if they want to realize long-term political and ideological yields from an expected massive investment in “startup” progressive think tanks.
The Scottsdale, Ariz., meeting, called to start the process of building an ideas production line for liberal politicians, began what organizers hope will be a long dialogue with the “partners,” many from the high-tech industry. Participants have begun to refer to themselves as the Phoenix Group. ...
The money details are several weeks away. “There aren’t dollar figures at this point,” Ingersoll said.
Soros, a Hungarian-born financier who donated more than $23 million to pro-Democratic 527 groups last cycle, gave the main presentation, said Ingersoll, who declined to name the other presenters.
Never let it be said again that the Republicans are the party of big money. Still, ideas win elections, and spending money to spread bad ideas isn't likely to be effective.