Soros Donated $1M Because He Is ‘Panicked’ Romney Could Win

Liberal billionaire George Soros finally donated big to the Super PACs he had sworn off because he was “panicked” that Mitt Romney could win the election, Mother Jones magazine reported.

Soros is giving $1 million to a "super" political action committee backing President Barack Obama. Soros' contribution to the super PAC Priorities USA Action comes as the group raised a record $10 million last month. It has launched television ads highly critical of Republican challenger Mitt Romney.

Soros had a change of heart about Super PACs after seeing Romney pull even in national polls and in battleground states, Mother Jones reported, and seeing Republicans rake in tens of millions of dollars to hammer Obama in TV and radio ads.

A friend of Soros who asked to remain anonymous told the magazine "I was really dumbfounded when I heard his voice on the other end of the phone. He was the last person I ever expected to hear from, given how antithetical he was to the big money slopping around the system. But he said that he was panicked about the fact that Romney could win this."

Soros also plans to give $500,000 to two super-PACs devoted to electing Democrats to the House and the Senate, according to Mother Jones.

Soros said in an email, according to the New York Times, that he was "appalled by the Romney campaign, which is openly soliciting the money of the rich to starve the state of the money it needs to provide social services.”

A Democratic strategist who learned of the news of Soros’ change of heart and of his donation, told Mother Jones, "What I find amazing about liberals and progressives is that they always wait till the last minute. It hadn't dawned on this group of people before that this was a tight race. It stupefies me."