The Soros threat.(Forward Observer)

George Soros, the 38th richest person in the world according to Forbes, says that defeating President George W. Bush in 2004 is "the central focus of my life." In an eye--popping interview recently with the Washington Post, he argued that "America under Bush is a danger to the world."

"When I hear Bush say, 'You're either with us or against us,' it reminds me of the Germans." It evokes memories, he says, of the Nazi rhetoric of his childhood in Hungary.

This wild antipathy toward the President is making Soros--who earned his $7 billion as a hedge-fund buccaneer--the single biggest funder of efforts to get Bush out of the White House. The Post figures he has spent over $15 million so far, and he is ready to give more. The 2004 Presidential race, he told the Post, is "a matter of life and death."

In early November, Soros and a partner donated $5 million to the liberal, anti-Bush MoveOn.org. He also gave $10 million to a similar organization, America Coming Together, which aims to mobilize voters in 17 battleground states. And he has promised $3 million to the Center for American Progress, a new Democratic think tank started by former Clinton aide John Podesta.

Soros has always fancied himself an intellectual as well as a moneymaker, and he wants desperately to be taken seriously. His first attempt came in 1997 with a weird, discursive article in the Atlantic Monthly called "The Capitalist Threat." He argued that "the spread of market values into all areas of life" is now the main threat to "open and democratic society."

The man-bites-dog nature of the anti-capitalist article from the capitalist mogul brought it attention, but it was so appallingly stupid that it provoked the ire of even the typically mild-mannered, centrist journalist Robert Samuelson of Newsweek. He called Soros "a crackpot" and his essay "gibberish" akin to the "Unabomber's manifesto in its sweeping, unsupported, and disconnected generalizations."

Now Soros is back in the Atlantic with a piece called "The Bubble of American Supremacy." Here the problem is not so much incoherence as hysteria: "The Bush administration proceeded to exploit the terrorist attack for its own purposes," he writes of the 9/11 terrorist murder of innocents. "It fostered the fear ...