George Soros said he thinks President Barack Obama is trying to divide the Republican Party and split off the Tea Party "extremists" -- something that if successful, would restore the balance of the two-party system.
"I think Obama is trying to split the Republican Party between the Tea Party and the establishment," the billionaire investor and self-described "bleeding heart liberal" told a group of reporters at the World Economic Forum in Davos, Switzerland on Jan. 24.
Soros said he believes it's possible, particularly if the Tea Party continues down its "unsustainable" track.
"If the Tea Party gets pushed out into the wilderness then actually I am very optimistic that there is a chance that the two-party system in America...will actually start functioning again," he said. "Then you will have two parties, each of which tries to capture the middle. It is the way the two-party system works, which was distorted by extremists who fractured the Republican Party carrying it far to the right."