Forbes magazine rightfully stated that Fox News personality Glenn Beck had been “falsely vilifying” George Soros. Beck’s numerous conspiracy theories often include Soros, the financier, businessman and notable philanthropist. Beck didn’t agree with the statement about the false vilification and stated, “I’d like to know exactly what I lied about.”
BECK CLAIM: In 2004, Soros Called The Election “Not A Normal Election,” And Said That “In Periods Of Regime Change, Normal Rules Do Not Apply.” Accusing Soros of setting up a “shadow party” to interfere in the 2004 elections, Beck cited David Horowitz and Richard Poe’s The Shadow Party.
REALITY: Beck Used Comments From 1995 To Show That Soros “Didn’t Mince Words” In 2004. Those comments are actually from the 1995 book Soros on Soros: Staying Ahead of the Curve.
BECK CLAIM: Soros Advocated For “Globalization” By Saying, “The Main Obstacle Of A Stable And Just World Order Is The United States.” Citing Soros’ book, The Age of Fallibility: Consequences of the War on Terror.
REALITY: Soros Was Criticizing The Policies Of The Bush Administration And Said His Top Priority Was “[C]hanging The Attitude And Policies Of” The U.S.
BECK CLAIM: Soros Has “Waged A War Against Capitalism” Because He Said “It Poses Some Serious Threats.”
REALITY: Soros Was Explaining That Regulations Are Needed To Shield Individuals From Financial Bubbles.
BECK CLAIM: McCain-Feingold Legislation Was The Result Of 1994 Soros Speech.
REALITY: Feingold Campaigned On Campaign Finance Reform During His 1992 Election And Repeatedly Supported It In The Senate Prior To Soros’ Speech.
BECK CLAIM: Mccain-Feingold Bolstered 501(c)(3) Groups, “Which Can Advertise At Will.”
REALITY: 501(c)(3) Groups Are Banned From Political Advertising On Behalf Of Or In Opposition To Candidates.
BECK CLAIM: Kerry “Adopt[ed]” Soros’ Criticism Of The War On Terror.
REALITY: Beck Showed Kerry “Adopting” Position From Soros’ 2004 Book. The comment Beck attributed to Soros — “War is a false and misleading metaphor in the context of combating terrorism. Crimes require police work, not military action” — comes from Soros’ book that was published in 2004. [The Bubble of American Supremacy: Correcting the Misuse of American Power, Page 18]
REALITY: Beck’s Proof Of Kerry “Adopting” That Position Included Comments Kerry Made In September 2003 — Before The Bubble Of American Supremacy Was Published.
BECK CLAIM: Soros “Set The Agenda” By Calling For “A Large Stimulus Package.”
REALITY: Obama, Congress, And Economists Had Already Called For Major Fiscal Stimulus. On November 5, 2008 — one day after Obama’s election and two-and-a-half weeks before Soros’ comments were published.
BECK CLAIM: Soros Manipulated Lawmakers To Pursue Cap And Trade. Discussing the Soros interview that was published on November 24, 2008
REALITY: Cap And Trade Has Been Debated In Congress For More Than 10 Years. Contrary to Beck’s claim that Soros manipulated Obama to introduce cap and trade legislation “days after” he was elected, Congress has been debating similar proposals for more than a decade. [The Washington Post, 8/19/01]
REALITY: Obama Supported A Cap And Trade Bill During The 2008 Election. In fact, then-Sen. Barack Obama supported legislation that would have created a cap-and-trade system while campaigning in 2008. [The Washington Post, 6/1/08]
BECK CLAIM: “Soros Was Asked If He Felt Guilt At All About Taking The Property From The Jews As A Teenager. He Responded, No.”
REALITY: Soros Said He “Had No Role In Taking Away That Property.” In an interview with Kroft, Soros explained that he felt no guilt because he “had no role in taking away that property.”
REALITY: Biographer Reported Soros “Collaborated With No One.” In Soros: The Life and Times of a Messianic Billionaire — a book cited by Beck during the program — Michael T. Kaufman detailed Soros’ reaction during the interview, as well as Soros’ actions in Nazi-occupied Hungary.
BECK CLAIM: Soros “Attended The Fabian Socialist London School Of Economics.” Beck said, “In 1947, the Soros family relocated from Hungary to England, where George attended the Fabian Socialist London School of Economics.” [Fox News, Glenn Beck, 11/9/10]
REALITY: LSE Is A Mainstream University That Many Prominent Conservatives Have Attended. While it is true that LSE was founded by four members of the Fabian Society in 1895, Beck’s suggestion that the school is a socialist indoctrination center is ridiculous.
BECK CLAIM: Soros Is Dangerous Because He Called For “A Managed Decline” Of The Dollar.
REALITY: Soros Said That “An Orderly Decline Of The Dollar Is Actually Desirable” To Boost Exports And Compensate For Decreased Consumer Spending. The comments Beck cited come from a 2009 interview Soros gave to the Financial Times, where Soros discussed concerns about the dollar’s relative strength to the value of other international currencies.
REALITY: Economist Paul Krugman Has Said, “The Truth Is That The Falling Dollar Is Good News.” In a New York Times column, Nobel laureate Paul Krugman
REALITY: Economist Nouriel Roubini Has Said: “[E]verybody Wants A Weaker Currency.” During an interview with Bloomberg Radio’s Surveillance, economist Nouriel Roubini was asked about the need for international currency coordination. Roubini said, “We’re not going to get the meeting because the reality is that everybody wants a weaker currency. The U.S. needs a weaker dollar to grow its exports. The Europeans needs a weaker euro to grow their exports. The Japanese need a weaker yen to grow their exports. Even the Swiss are intervening to prevent the Swiss franc from appreciating.”
REALITY: Economist Mark Zandi Has Said, “The Falling Dollar Has “Been Positive” And Was “A Real Boon To U.S. Businesses.” In a 2007 NPR interview, economist Mark Zandi was asked, “[H]ow is the fall of the dollar affecting the U.S. economy?” Zandi said that “on net, it’s been positive,” adding, “It’s been a real boon to U.S. business.”
BECK CLAIM: Soros “Collapses Regimes,” And America Is “His Target Now.”
REALITY: Soros Backed Groups That Were Nonviolently Opposed To Communist, Authoritarian, Or Corrupt Governments.
BECK CLAIM: Tides Foundation Gets “A Lot Of Their Funding” From Soros. Beck said: “And where does the Tides Foundation get a lot of their funding? George Soros.” [Fox News, Glenn Beck, 11/9/10]
REALITY: Tides Founder Says Soros’ Charity Funds “Far Less Than 5 Percent” Of Tides’ Budget. From a Politico op-ed by Tides founder Drummond Pike.