Even Robin Hood had to get his funds from somewhere, people.
This Washington Post article notes that many candidates----and perhaps especially Edwards----have had their campaigns enriched by hedge fund donors.
What is a "hedge fund," you ask?
[The Washington Post, Hedge Fund Ties Help Edwards campaign by John Solomon and Alex McGillis]
Two years ago, former senator John Edwards of North Carolina,
gearing up for his second run at the Democratic presidential
nomination, gave a speech decrying the "two different economies in this
country: one for wealthy insiders and then one for everybody else."
Four months later, he began working for the kind of firm that to many Wall Street critics embodies the economy of wealthy insiders -- a hedge fund.
Edwards became a consultant for Fortress Investment Group, a New York-based
firm known mainly for its hedge funds, just as the funds were gaining
prominence in the financial world -- and in the public consciousness,
where awe over their outsize returns has mixed with misgivings about a
rarefied industry that is, on the whole, run by and for extremely
wealthy people and operates largely in secrecy.
[quote ends; links in original]
I'm not sure how I'm meant to take this. The article subsequently discusses the growing importance of hedge funds in political campaigns, and particularly to Clinton, Guiliani, Dodd, and Obama. And?
I feel that there's more I'm meant to be deriving from this----e.g., Edwards might have done a deal with the devil to get money for his campaign----but, you know, it was going to HAVE to come from somewhere. People in the constituency Edwards wishes to champion don't have any. Unless they show me it was illegally procured or procured in exchange for specific promises, I don't think I'm going to get too worked up about it.
At least some of the filthy rich bastards (as I suppose I'm meant to think of them) are giving some money to the champion of the poor is what I said to myself. Put another way: even Christ himself needed Nicodemus, Joseph of Arimathea, and the Bethany family. It may be easier for a camel rope to get through the needle's eye than to, etc., but the money's got to come from somewhere. It's not going to come from the poor.
Joe Klein at Swampland ("Gilt by Association") speaks for me
[quote begins from Swampland]
Turns out Democratic politicians like to make money, just as
Republicans do. They should not be held to a higher standard unless--
1. they do something illegal
2. the things they do directly contradict the values they espouse.
No evidence of that .... Maybe I'm naive, but my guess is there won't be.
[quote]
I'm quite sure I'm naive and I'm not going to guess, but I'm assuming
that all the candidates have to get money from the wealthy side of the
great divide.
I feel the same about this Barack Obama story. Tell me something specifically sketchy about Obama's involvement and then we'll talk. Till then, all I'm going to say is: So....?
But if you want to read about why this might matter down the line, check out this note by Karen Tumulty at Swampland, The Ties That Blind? (contains realistic concerns about paybacks to rich donors).