Soros says be patient

He gave this counsel to a group of fellow billionaires and aspiring-billionaire millionaires at a meeting in Scottsdale. Perhaps unfamiliar with flyover state geography, the Scottsdale meeting participants began calling themselves the Phoenix Group.

Rob Stein, a veteran of President Bill Clinton’s Commerce Department and of New York investment banking, convened the meeting of venture capitalists, left-leaning moneymen and a select few D.C. strategists on how to seed pro-Democratic think tanks, media outlets and leadership schools to compete with such entrenched conservative institutions as the Heritage Foundation, the American Enterprise Institute and the Leadership Institute.

The Hill seemed a bit miffed that this closed meeting claimed to advocate "funding transparency."