By
Rick Edwards · 11:18 AM · January 31, 2005 ·
Ouch!
Jan. 30 (Bloomberg) -- Billionaire investor George Soros, the biggest financial contributor to the failed effort to defeat President George W. Bush in November's election, said Democratic challenger John Kerry was a flawed candidate.
Soros, chairman of Soros Fund Management LLC, spent $26 million in last year's campaign that he said was undermined by the candidate he supported.
``Kerry did not, actually, offer a credible and coherent alternative,'' Soros, 74, said yesterday in an interview at the World Economic Forum in Davos, Switzerland. ``That had a lot to do with Bush being re-elected.''
The comments by the Hungarian-born Soros marked his sharpest criticism of Kerry, a Vietnam War veteran who later spoke against the war and focused his campaign against Bush on the war in Iraq. Republicans gained four seats in the Senate, including the defeat of the Senate's highest-ranking Democrat, Minority Leader Tom Daschle of South Dakota. Republicans have 55 seats in the 100-seat chamber.
The Kerry campaign ``tried to emphasize his role as a Vietnam War hero and downplay his role as an anti-Vietnam War hero, which he was,'' said Soros. ``Had he admitted, owned up to it, I think actually the outcome could have been different.''
Soros said he also now questions ``what the Democratic party stands for.'' Democrats need to counter ``a very effective conservative message machine,'' he said. ``There really needs to be an alternative.''
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