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Soros says Obama victory means 'more sensible politics'

Published on Nov 7, 2012 1:52 PM

WASHINGTON (REUTERS) - Billionaire investor George Soros said late on Tuesday that the projected re-election of President Barack Obama will open "the door for more sensible politics."

Mr Soros, who has contributed mightily to Democratic causes and supported many liberal and progressive groups, told Reuters:"I'm delighted that President Obama has won. The American electorate has rejected extremist positions."

In an email exchange, Mr Soros, who was in Budapest, said he hopes "the Republicans in office will make better partners in the coming years".

He noted that cooperation between America's political parties is "urgently" needed to deal with the so-called fiscal cliff - the yearend combination of expiring Bush-era tax reductions and steep cuts in domestic spending.

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