Friday, August 24, 2007

Hypocrisy, Thy Name is John Edwards

From today's Patriot Post:

John Edwards has not yet been challenged by fellow Democrats on the presidential circuit about the $16 million he earned with Fortress Investment Group, a hedge fund invested in the dreaded sub-prime mortgage market. Like Edwards, all the Demos are busy using the sub-prime-lending crisis to again blame the rich for taking advantage of the poor. The fact that one of those so-called evil, rich profiteers is among them is too comical to ignore. But it doesn't stop Hillary Clinton and Barack Obama from calling for a society of shared responsibility. In their world, borrowers never make poor decisions; lenders are just "unsavory."

Edwards is once again stranded in hypocrisy-ville, having profited from a company that foreclosed on 34 homes in New Orleans. This is a particular embarrassment for Edwards, because New Orleans was where he launched his campaign---the capital city of the lesser of his two Americas. Caught in a pinch with reporters, Edwards publicly offered financial assistance to the people who have lost their homes; presumably from the $16 million in "dirty" money he made trying to "learn about poverty." It will be interesting to see just how many people come a-knockin' on his door.

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