« Democrats should pay attention |
Blog Home Page
| White House Conference Call on Executive Privilege »
July 27, 2007
More Hypocrisy from Edwards
Wouldn't you love being John Edwards for a day? Just think - $400 haircuts, a huge mansion to live in, and $62 million to play around with.
And of course, being able to weep about poverty while laughing all the way to the bank:
Recently, I went with friends to a talk by former Senator Edwards at New York’s Cooper Union, to hear, in the candidate’s words, how he plans to “dramatically reduce poverty.” Laudably, he wants to cut the current poverty rate of 12.6 percent by a third within a decade. But he offered few specifics. Those that were trotted out, such as more job-training programs, sounded like leftovers from the Great Society days. How this man can look at himself in the mirror--Oops! That is what he likes to do, of course.
But if Edwards is retrogressive about poverty, he’s been very progressive in building up a fortune of as much as $62 million. Tim Middleton of MSN, evaluating the former Senator’s new financial disclosure statement, describes Edwards as a man “of the people and profits” with “substantial investments in limited partnerships, sub-prime mortgage lenders, and an offshore hedge fund.” Edwards has (to some degree rightly) criticized offshore hedge funds as unpatriotic, and sub-prime lenders as piratical. He’s described the sub-prime lending business as the “wild west of the credit industry, where . . . abusive and predatory lenders are robbing families blind.”