Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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From: tonto	12/27/2007 11:29:31 AM
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Edwards’s Hedge-Fund Tie Hurts Populist Campaign John Harwood reports from the Wall Street Journal’s Capital Bureau. HEDGE-FUND MONEY fattens Edwards’s wallet but hurts populist message. The Democratic presidential candidate’s $1.7 million in pay and investment income from Fortress Investment Group gives target for rivals after his campaign emphasis on poverty. Edwards has explained Fortress affiliation as part of effort to learn about financial markets. “What will get him in trouble is not the amount but rationales that seem false and weaselly to the voters,” says Democratic pollster Geoff Garin. Edwards’s campaign says he paid regular personal-income-tax rates on his $479,512 salary, not preferential “carried interest” rates some hedge-fund principals use. Of $29.5 million in assets Edwards reported to FEC, aides say investments in Fortress represent $16.1 million.

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