Thursday, July 5, 2007

Hedge Funds: Three Democratic Frontrunners Debate Loopholes

A Hedgefund is Born: Hillary, Barack, and John (respectively)

The art of framing a political issue in a headline or sound byte is not lost on one Dan Gerstein, Democratic political operative who offers this headline for his story on hedge fund taxation loopholes submitted to Politico:

Failure to hedge could set Edwards apart

Note first that Dan Gerstein is a Democratic political operative and former Joe Lieberman campaign manager. Dangerstein, as his handle reads in email, describes the quandary the top three Democratic candidates are in as they ponder the current, unfair state of the hedge fund tax loophole that provides an essentially free tax pass for the wealthy (15%) while their maids, cooks and garbage men – oh, and the rest of the untouchables – the wage slaves of America --- who are taxed at a whopping 35%. Of the three frontrunners, Edwards has made a mark for himself as being the champion of the working poor who wants to bridge the gap between the rich and poor in this War on the Middle Class, and Dangerstein could have easily headlined this other wise factual and informative article with a title like this:

Failure for Hillary and Barack to pony up could set Edwards apart

See? See how Dangerstein could have revealed, if the mood behooved him, how much he might be a champion himself for the working poor of this country and the growing numbers who are without health insurance and jobs? Talk about hedging your bets, but I would guess that he’s probably not on the Edwards payroll…although, political communicators can and do switch back and forth depending upon greener pastures, this much we know.

Anyway, in a heartfelt speech, Buffet put a fine point on this issue last week while speaking at a $4,600 Clinton fundraiser in New York to an audience largely comprising money movers and managers.

"The 400 of us (here) pay a lower part of our income in taxes than our receptionists do -- or our cleaning ladies, for that matter. If you're in the luckiest 1 percent of humanity, you owe it to the rest of humanity to think about the other 99 percent."

Like I said, this is an article that is quite informative and who knows? Maybe Dangerstein will come around!


1 comment:

Anonymous said...

His article appears biased against Edwards, yes.With the possible exception of Kucinich,none of the Democrats are in a position to fight the corporate power responsible for shaking down our middle class.If anything, the "best" they will do is expand welfare at the poverty level to accomodate the millions of immigrants they are letting into the country.