{"id":349,"date":"2007-05-17T06:28:47","date_gmt":"2007-05-17T11:28:47","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/2007\/05\/17\/what-john-edwards-learned-about-poverty\/"},"modified":"2007-05-17T13:49:18","modified_gmt":"2007-05-17T18:49:18","slug":"what-john-edwards-learned-about-poverty","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=349","title":{"rendered":"What John Edwards learned about poverty"},"content":{"rendered":"

The Democrats’ “Breck Girl”, John Edwards sacrificed a portion of his life to advise a hedge fund so that he could learn about poverty. In an interview with Nedra Pickler of Associated Press<\/a>, Edwards explained his thought process;<\/p>\n

Democrat John Edwards said Tuesday that he worked for a hedge fund between presidential campaigns to learn about financial markets and their relationship to poverty – and to make money too.<\/p>\n

Asked if he had to join a hedge fund to learn about financial markets, Edwards replied, “How else would I have done it?”<\/p><\/blockquote>\n

That question probably explains how clueless Edwards is when it comes to dealing with the middleclass and lower class workers.\u00c2\u00a0I can think of thousands of ways to learn about poverty that wouldn’t involve getting paid lawyer fees. Working in a soup kitchen, spend a night in a box in an alley, probably just about anything except working for a hedgefund.<\/p>\n

Now, here’s the rest of the story from Chris Cooper of the Wall Street Journal<\/a>;<\/p>\n

Democratic presidential candidate John Edwards earned a $479,000 salary in 2006 working for Fortress Investment Group LLC, a New York-based hedge fund, according to financial disclosure forms released yesterday.<\/p>\n

The former North Carolina senator, whose campaign is rooted in an appeal to working-class voters, has faced questions about his time spent at the high-paying fund catering to wealthy investors before formally launching his campaign.<\/p>\n

On top of the salary he drew as a senior adviser, Mr. Edwards and his wife also hold investments in several Fortress fund pools, the largest of which is valued at between $1 million and $5 million, according to the forms that were filed to meet a May 15 deadline.<\/p>\n<\/blockquote>\n

So I guess he learned that he’s never gonna be poor as long as he pretends to be a presidential candidate.<\/p>\n

Even the Washington Post<\/a>\u00c2\u00a0detects something a little fishy in Edwards’ explanation;<\/p>\n

Edwards has faced questions about the hedge fund — where he said he worked only a few days a month — because Fortress owned offshore funds that served as tax havens for investors and because the firm’s portfolio included subprime lenders, which provide high-risk loans that often target minorities. As a candidate, Edwards has railed against both practices.\u00c2\u00a0<\/p><\/blockquote>\n

So, Edwards doesn’t mind taking a half-mil from people who he claims are sucking the middleclass dry. (I don’t exactly agree with the Post’s assertion that a high-risk loan can target minorities. it’s not like someone on the street hustled some passers-by – someone had to sign something along the line, but I guess this isn’t about loans, is it?)<\/p>\n

Edwards is a rich boy, silver spoon, elitist playing at being a common-man type, but half-million dollar part time jobs and $400 haircuts tell a different story.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Democrats’ “Breck Girl”, John Edwards sacrificed a portion of his life to advise a hedge … What John Edwards learned about poverty<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-349","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=349"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/349\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}