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Real 'Work'? Clinton Swipes at Chelsea's Profession

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February 19, 2008 4:48 PM

ABC News' Jennifer Parker and Eloise Harper Report: Sen. Hillary Clinton took a swipe at her daughter's profession today at an economic roundtable discussion at a restaurant in Parma, Ohio, suggesting wealthy investment bankers and hedge fund managers on Wall Street aren't doing real 'work.'

The former first lady's daughter, Chelsea Clinton, works for New York-based hedge fund Avenue Capital Group. She previously worked in New York for McKinsey & Company, her first job after graduating with her master's degree from Oxford University.

"We also have to reward work more," Clinton told a small group of Ohio residents today. "and by that, I mean, I have people in New York working on Wall Street as investment managers, as hedge fund executives. Under the tax code, they can pay a lower percentage of their income in taxes on $50 million dollars, than a teacher, or a nurse, or a truck driver in Parma pays on $50,000. That's very discouraging to people."

You just feel like, 'wait a minute. I'm working as hard as I can.' All those people you see in your law office. They're working as hard as they can and they feel like they're just getting further and further behind," Clinton said. 

It's not the first time Clinton has taken a swipe against her daughter's profession. Campaigning in Wisconsin yesterday, Clinton railed against hedge funds as Chelsea sat off to the side.

"I saw a sign over here - someone has a t-shirt on, tax hedge fund dealers," Clinton said Monday, "well in this economy we are going to have a fair tax system again. A Wall Street investment manager, a hedge fund dealer, should not pay a lower percentage of taxes on his 50 million dollars worth of income.”

In 2006, Chelsea scolded her mother for telling an audience that young people "think work is a four-letter word." Clinton said daughter Chelsea called her to complain, arguing she does work hard and her friends work hard. Clinton later said she apologized to her daughter.

The line about investment fund and hedge fund managers has been introduced into Clinton's talking points as she campaigns across the economically struggling state of Ohio.  Clinton is focusing her campaign on the delegate-rich states of Ohio and Texas voting March 4.

February 19, 2008 in Clinton, Hillary, Vote 2008: Democrats | Permalink | User Comments (361)

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Anyone have a line on Team Clinton campaign $$$ coming from persons employed by hedge funds? I bet it dwarfs all other candidates.

Posted by: Vote4BO | Feb 19, 2008 5:13:36 PM

The Gallup daily tracking poll Feb 16 to18 shows Clinton closing on Obama from 49%-42% to 46%-45%. Since the poll is based on 3 days polling, I estimate the Monday Feb 18 polling by Gallup, Hillary Clinton with 50% and Barack Obama with 41%.

A Hillary Clinton win in Wisconsin (or losing by less than 5%) may confirm her campaign was effective over the weekend as reflected by my estimate of the National Gallup poll on Monday.

A quote from The New York Times, Feb. 19, 1992:
"Gov. Bill Clinton of Arkansas was comfortably in second place at 26 percent and in a position to take his resilient candidacy on to the string of primaries in his native South."

Celebrating today the comeback kid's 16th anniversary by Bill Clinton in 1992, will history repeat with Hillary Clinton in 2008?

Posted by: Angel | Feb 19, 2008 5:14:48 PM

How many millions - of the $140m wasted in their campaign - did the Clintons suck out of Wall Street and hedgefunders ? Their hypocrisy is boundless.

Posted by: AntiRestorationDemocrat | Feb 19, 2008 5:21:10 PM

Since when is it any surprise that Hilary "sold her sould" a long time ago. After the casualty she was relegated to (by the one-and-only Bill), we must understand that "she has to WIN" something in return for having stayed the aftermath. We can't be hard on her for dropping to any level in order to rise back to the mountain tops. Hilary has always had her "eyes on the prize", and there's no riding quirtly into the sunset for her EVER. She "will be avenged" in the end.

Posted by: Conserned Constituent | Feb 19, 2008 5:41:43 PM

Sour grape comments in this thread -- Hillary is willing to stand up for workinig class people. She has done so her whole life. This is not just recycled rhetoric from the Patrick...errr....Obama campaign. She has a long and distinguished career of standing up for the less fortunate.

Posted by: WestCoastMessenger | Feb 19, 2008 5:42:08 PM

In his healthcare plan, Senator Obama proposes to dramatically lower health insurance costs in order to make it affordable, and to PROVIDE FINANCIAL SUPPORT to those who may have financial issues.

On the other hand, Senator Clinton proposes to dramatically lower health insurance costs in order to make it affordable, and to PUNISH those who would fail to pay (see universal mandate).

Nevertheless, Senator Clinton insinuates that Senator Obama's plan discards some Americans!
SHE WILL SAY ANYTHING, .. SHE WILL DO ANYTHING TO GET ELECTED.

Posted by: Mark | Feb 19, 2008 5:43:28 PM

WestCoastMessenger - Clinton has done what? Can you provide any specifics to back up your opinion? Are you speaking of her Senate record? One or two concrete examples would suffice.

Posted by: Kevin | Feb 19, 2008 5:48:18 PM

Westcoastmanager - Like Kevin, I also want to know what exactly Hillary has done for us. Almost everything major she's been involved in has failed - most spectacularly, she wrecked our chances at getting health care reform in the 90s.

And, her senate career is undistinguished. Please, tell me all about her accomplishments.

And what's this about being such a great candidate to take on the Republican Attack Machine? Since when has she ever faced a tough opponent (No, Lazio doesn't count)? Only now, and guess what, the wheels are coming off. Feh.

Posted by: Eric | Feb 19, 2008 5:59:00 PM

Senator Clinton has "worked the night shift" (as she claims speciously in a new ad) about as much as George W. Bush has proven to be "a uniter, not a divider" and "a reformer with results."

Posted by: Mark | Feb 19, 2008 5:59:59 PM

Add me to the list as well, WestCoast: What precisely ARE Mrs. Clinton's "accomplishments," and what IS her much-vaunted 35 years' "experience"?

And for that matter, when will she be releasing her tax returns?

Posted by: Mark | Feb 19, 2008 6:02:21 PM

I suppose this is just me - perhaps the last person alive who happens to be pleased we won the Cold War - but when Clinton says "we also have to reward work more," isn't she taking another step away from traditional American perspectives?

I thought the jobs market rewarded our work. Those who want to advance are supposed to work hard, in a marketable job. In other words, we're primarily responsible for ourselves, and our own income.

Sure, there are exceptions - people who need help overcoming obstacles not of their making, or people who need help gaining equal access to opportunities. I don't think many in either party is arguing for a complete dismantling of our current safety nets.

That's all well and good, so long as its in a context of also not dismantling our fundamental American views on individualism, including individual responsibility. We've seen what happens to societies that lose their own sense of individualism, and they're among the most dysfunctional economies - and arguably societies - on the planet.

Several notable examples of this recognize it in themselves, and are trying to re-introduce some sense of individualism - namely the Russians who are desperately trying to rebuild a capitalist economy, and the Chinese, who have somewhat successfully implemented free enterprise zones.

Posted by: Paul | Feb 19, 2008 6:04:03 PM

Mrs. Clinton forgets that that 50K the investor claims as a capital gain has been taxed TWICE.

Nice populism.

Posted by: Ken Jensen | Feb 19, 2008 7:17:02 PM

Can someone please tell me how in the world a hedge fund guy making $50mil can pay less percentage than a $50k.

Posted by: Jason | Feb 19, 2008 7:21:01 PM

Won't someone just make Bill and Hillary go away. I am so tired of their negativity. They don't even know what their daughter does for a living nor appreciate the hypocrisy of claiming to be for blue collar workers when they haven't driven their own car in probably thirty years! tHEY DON'T EVEN WRITE THEIR OWN BOOKS WHICH HAVE MADE THEM FILTHY RICH. They don't even shop for themselves, they are an elite amongst the elite. Hillary comes from a spoiled and stress free environment, and while Bill had some real problems in his early life and overcame them, he makes hundreds of thousands of dollars making speeches [I guess words are worth something] He usually is just running around the world making millions for his libary selling his influence [ie. he's just a Presidential lobbyist] Enough with these two! MAKE THEM GO AWAY PLEASE!

Posted by: Jack | Feb 19, 2008 7:23:14 PM

She is so utterly shameless and craven; and still peddling class warfare when she has no clue what she's talking about. Those hedge-fund banking types work INSANE hours. And contribute far more to the national economy in taxes than a blowhard Senator from New York.

I pray her presidential ambitions implode, forcing her to slink back here to New York where her cultish followers will mindlessly reelect her until she's an embittered old Senator for life. Disgusting.

Posted by: daveednyc | Feb 19, 2008 7:23:50 PM

Do I here someone feverishly typing, trying to find anything substantial Miss Rodham has done? Come on WestCoastMessenger, I am waiting with bated breath.

Posted by: kabdude | Feb 19, 2008 7:24:29 PM

I hope she does win 50% to 41%. But it frightens me that Wisconsin has an insane system where any Obama Cultist, or anyone else, can walk in today from any where in the country, or from Canada, lie and claim they are a Wisconsinite, register and vote in either primary. That's scary.
Obama is not qualified, and his wife is an America-hating lunatic.

Posted by: Jim Alperson | Feb 19, 2008 7:26:33 PM

Is Chelsea Clinton being paid by the Clinton campaign while on her leave of absence? Hillary should remember where her daughter works; Chelsea was given the high-paying job by Clinton friends.

Posted by: DonW | Feb 19, 2008 7:27:46 PM

We remember when Hillary came into Western New York and promised 1,000's of jobs. This was about 8 years ago. Since then, we've LOST 1,000's of jobs and people. You're for Western New York right Hillary? What a crock! This lady is worst than a used car salesperson.

Posted by: Chris Buffaloski | Feb 19, 2008 7:28:07 PM

This speach is simply double talk for income and capital gains tax increases. She would never get elected if she just said plainly "I am going to raise your taxes."

Also, it's her view that she gets to "reward" and determine who keeps what through the power of governmental confiscation and redistribution, instead of the free market.

So, really, she should have just said, "I am going to decide who should get what in life, will tax you more and punish free enterprise."

Posted by: Glenn | Feb 19, 2008 7:28:22 PM

Does anyone doubt that Mrs. Clinton payed a lower percentage of income tax on the Millions she made last year too? (gee I wonder if that is why she is hiding her financial records). She could have paid more than she owed, the IRS will accept more taxes from anyone who is willing to pay them. Did she step and do what she claims is the right thing?

Will we ever know, or will she continue to hide the truth and mislead the American people.

Posted by: Matt | Feb 19, 2008 7:28:23 PM

Mrs. Clinton seems to have forgotten that individuals employed in in finance/banking/accounting/law spend insane hours working for their salaries.

And what has she been doing since becoming first lady of AK? Going to schools to give speeches doesn't count as work whether in the plant, the restaurant or the office.

Posted by: Andrew | Feb 19, 2008 7:28:49 PM

PLEASE!!!! This from a Lady who had some Futures Trader make $100,000 for her overnight in Cattle Futures...I bet she didn't turn the money down...What a Crock!...What a Hypocrite! She will say ANYTHING to get elected...She is a Total FRAUD...CAmn't you people see how FAKE she is?

Posted by: jjarden | Feb 19, 2008 7:28:50 PM

Does Chelsea really "work"? My job (also investments-related) requires me to actually go to the office and do something productive each day. All Chelsea seems to be doing lately is fly around the country courting super-delegates.

Posted by: Allen | Feb 19, 2008 7:29:46 PM

As a 60 year old Caucasian Canadian who has lived in this glorious country for over 25 years, I would dearly love to see the United States drag itself into the 21st century by electing a woman as its leader like a good portion of the planet... but not a woman who has sold her soul, integrity and sense of honour to an odious creature.

To vote for Hillary because she is a woman is as specious as not voting for her because of her gender ...

How about Michelle Obama for Vice President?

Posted by: Alison Carnie | Feb 19, 2008 7:30:46 PM

the $50 million hedge fund guy pays a smaller percentage than the 50k guy BUT, the $50 million guy pays MILLIONS in taxes and the 50k guy pays THOUSANDS. Thank God for the 50 million guy. Without him the 50k guy would be paying A LOT MORE in taxes!

Posted by: mikey | Feb 19, 2008 7:31:14 PM

Hi Jason,

The hedge fund and private equity millionaires make all their money off of capital gains and dividends, which are taxed at 15%. Moreover, people stop paying Social Security and other payroll taxes for income above $102,000. Those two factors result in some of the wealthiest paying the least tax.

Posted by: Mike | Feb 19, 2008 7:31:43 PM

How many teachers make $50k/year, ignorant and out-of-touch example?

Posted by: Daniel | Feb 19, 2008 7:32:57 PM

What about taxing cattle futures?

Posted by: Always Right | Feb 19, 2008 7:34:04 PM

Amazing! She has been a US Senator for how many years and she still has not "fixed" this situation. I thought she was the experienced one with 'solutions".

Posted by: KJ | Feb 19, 2008 7:35:13 PM

Agree with Paul, well spoken remarks. I do really understand all the excitement about obama, i was young once and believed everything I heard, but having lived through the last 3 decades of history I tend to listen more carefully, and ask questions. No tax breaks for everyone who sent jobs overseas...every car company? Every bank or financial company? Any global company no longer gets tax breaks here in the US, can we make it any easier for them to send even MORE jobs overseas?

Posted by: unatay | Feb 19, 2008 7:35:55 PM

Jason, for starters never fall prey to economically disingenuous arguments from political demagogues. General partners are taxed at a lower tax rate (capital gains instead of income) because the "carried interest" they earn is done so through risk capital and is a capital gain (i.e. if their investment fails, they don't earn anything other than the income from their investment fees, so they actually are taxed at standard income tax rates for actual income, not capital gains). Of course Clinton nor Obama will never admit the truth on this because it doesn't serve their populist message, shocking I know...

Posted by: Big A | Feb 19, 2008 7:37:37 PM

Here is what 6 years in the Senate got us from Clinton:

Senator Clinton, who has served only one full term - 6yrs. - and another year campaigning, has managed to author and pass into law - 20 - twenty pieces of legislation in her first six years.

These bills can be found on the website of the Library of Congress, but to save you trouble, I’ll post them here for you.

1. Establish the Kate Mullany National Historic Site.

2. Support the goals and ideals of Better Hearing and Speech Month.

3. Recognize the Ellis Island Medal of Honor.

4. Name courthouse after Thurgood Marshall.

5. Name courthouse after James L. Watson.

6. Name post office after Jonn A. O’Shea.

7. Designate Aug. 7, 2003, as National Purple Heart Recognition Day.

8. Support the goals and ideals of National Purple Heart Recognition Day.

9. Honor the life and legacy of Alexander Hamilton on the bicentennial of his death.

10. Congratulate the Syracuse Univ. Orange Men’s Lacrosse Team on winning the championship.

11. Congratulate the Le Moyne College Dolphins Men’s Lacrosse Team on winning the championship.

12. Establish the 225th Anniversary of the American Revolution Commemorative Program.

13. Name post office after Sergeant Riayan A. Tejeda.

14. Honor Shirley Chisholm for her service to the nation and express condolences on her death.

15. Honor John J. Downing, Brian Fahey, and Harry Ford, firefighters who lost their lives on duty. Only five of Clinton’s bills are, more substantive. 16. Extend period of unemployment assistance to victims of 9/11.

17. Pay for city projects in response to 9/11 18. Assist landmine victims in other countries.

19. Assist family caregivers in accessing affordable respite care.

20. Designate part of the National Forest System in Puerto Rico as protected in the wilderness preservation system.

There ya go - experience counts I guess.

Posted by: tankdoc | Feb 19, 2008 7:38:04 PM

I think this is hilarious. If anyone knows taxes, what Hillary is saying is a bunch of BS. As a CPA I prepare tax returns of all sorts and finally we picked up a hedge fund manager last year. Taxable income - 37M, Tax - 12M. That's 32.4% average tax rate. In comparison to another client that had 28k in taxable income (50k in inome minus deductions), that paid $85 single dollars in tax due to child tax credits and energy credits. That's less than 1%. So Hillary, where do you get your numbers from?

Democrats, please stop with the tax lies!!!!!

Posted by: Jeff- CPA | Feb 19, 2008 7:38:55 PM

Why is who does what work even an issue? How hard you work has no direct effect on me. I add a modifier because it could be you are working hard to become an Oncologist. It could be that you will one day help me or someone I know. Indirectly your hard work helps pull the cart that keeps America strong. But to pit you against me to say that I'm being cheated so we must pull you down doesn't help me in the end. Am I supposed to feel satisfied that the government got you for me? Equalized things? Our Justice system is supposed to be fair. All else is a crapshoot, as it should be. You want security? You want government to be your nanny?! You want Hilary to have your IRS file?! Well, the largest meat recall in America's history happened this week. Another glaring example of government security. And the British rate of death for most forms of cancer is twice the rate of America's under their universal/mandatory Hilary care. I'll take Capitalism, Freedom and Independence first and foremost!

Posted by: Carla | Feb 19, 2008 7:38:59 PM

Angel.... you aren't taking one thing into consideration.

Super Tuesday was in March in 1992. Clinton was in 2nd place in February after only 2 or 3 primaries. Right now the majority of states have already voted. It's really tough to compare 1992 to 2008.

Posted by: stink | Feb 19, 2008 7:39:22 PM

If Queen Hillary does not like hedge funds, then what does it say about her precious Chelsea to be working at one?

Hillary must be heartbroken!

Posted by: Average American | Feb 19, 2008 7:39:32 PM

westcoastmanager is no doubt referring to all the hard work she did for the little guy by serving on WalMart's board for all that time..

Posted by: Donna S | Feb 19, 2008 7:39:59 PM

Why does it cost 2 million dollars a year to govern me? I don't need that much governance; other businesses that can will move to a place where they are wanted, and they will take the jobs with them. Punish employers and they will leave. Congrats. In the hedge fund industry, we employ a tremendous number of people, who in turn support their families, and they are thankful we earn as much money as we do and employ them to assists us. It is a legal, ethical, and important part of the economy; even if you do not understand it, you need not demonize it or insits that I should pay millions per year to be a citizen. Besides, what do you think we do with the money we earn? Stuff it in a mattress? Everyone we purchase from is thankful for our success -- they enjoy it with us. Every account we invest in provides someone with working capital for a new business venture. Punishing our work is backwards -- it defeats your goal of full employement. Have you considered what your country would look like without business success? What if you tax away every profitable business? Are you building a country of opportunity or one of failure?

Posted by: gofidelity | Feb 19, 2008 7:40:29 PM

She promised a plan for 200,000 jobs for upstate New Yorkers in her 2000 Senate campaign. So far, no plan and no new jobs. She will say anything to get elected. We are not required to believe her.

Posted by: James | Feb 19, 2008 7:40:38 PM

Er, "neither Clinton nor Obama will ever." Damn I hate correcting my own grammar.

Posted by: Big A | Feb 19, 2008 7:41:06 PM

Do cattle futures tie into this?

Posted by: naragonl | Feb 19, 2008 7:43:20 PM

No Mike, that is not correct. Yes, people stop paying Social Security taxes after 97,500 but they are not paying less than anyone. All pay 6.25% (the employer matches). The big difference is the wealthy will not be eligible to draw SS when they retire because their retirement income will be too high.

If you want the rich to pay on more of their income they should be allowed to draw it when they retire.

How about we privatize it and we get OUR OWN money and stop paying for everyone else? This would allow us to pass it on to our kids and we would all be wealthier in retirement since the marke always does better than the < 1% the gubmint gets.

Posted by: Big Dog | Feb 19, 2008 7:44:27 PM

So Chelsea makes 120K at a New York hedge fund. Big deal, that's chump change!

However, it sounds to me like Chelsea is being pimped out by the fund to work on her mom's campaign so they can get something in return.

Posted by: Wall Street Guy | Feb 19, 2008 7:45:57 PM

Boy, talking about playing both sides - use your political contacts to get your daughter a job w/ a hedgefund and then criticize hedge fund managers.

I don't mind that Chelsea works for a hedge fund and makes six figures. Someone's got to do it. But it would be nice if once in a while people remembered that Jenna Bush works in an inner city public school in Washington DC and travels to Africa and Central America to volunteer w/AIDS patients.

I mean, really...can't we finally just get all our categories right? Who are the bad guys who love the rich here, anyway?

Posted by: alle | Feb 19, 2008 7:46:03 PM

At this point I am positive that a large percentage of the people making positive remarks about HRC in news reports linked from Drudge work for her campaign. Most of them don't make any sense at all.

Posted by: Joe | Feb 19, 2008 7:46:05 PM

She should sign up for the military!

Posted by: Willy | Feb 19, 2008 7:46:10 PM

And....Chelsea goes under the bus. Remember after 9/11, when Hill said Chelsea barely escaped the collapsing towers with her life because she was jogging right under them? And then it turned out she was on the other side of Manhattan at the time.

Posted by: kyle coppola | Feb 19, 2008 7:46:11 PM

Pablo, ever seen how sausage is made? I'm guessing that's a comparable analogy. In any case I'm sure we really don't want to know, haha...

Posted by: This Guy!!! | Feb 19, 2008 7:46:32 PM

Jeff and Big Dog,

What you are referring to is the income tax rate, which does rise with income level. However, many of the Wall Street millionaires and billionaires, such as Warren Buffett, make virtually all of their money off of capital gains and dividends. This income is not taxed at the ordinary 35% rate, but rather at 15% simply because the income comes from capital gains or dividends.

Posted by: Mike | Feb 19, 2008 7:46:44 PM

Does this woman have any scrupples???

She'll say anything and believe nothing... She was a bad 1st lady that no one loved, and she'll be a worse pres! Kind of like having an ex-wife for a boss. Ohhhh - she gives me the creepers....

Posted by: mda | Feb 19, 2008 7:46:56 PM

WestCoastMessenger: "She has a long and distinguished career of standing up FOR the less fortunate." Don't you mean ON? Hillary's in this race for one person only! Only Bubba can match her ego.

Posted by: Lee | Feb 19, 2008 7:48:52 PM

Ken Jensen, actually DIVIDEND income is taxed twice, not CAPITAL GAINS income. The dividend is the resulting income paid to shareholders after the business has paid taxes on its earnings. A capital gain is the difference in the price of a security from the time it is originally purchased to the time it is ultimately sold (unless, of course, the security was shorted - that is, sold first, then purchased back in anticipation of a price decline.)

Posted by: T Moreno | Feb 19, 2008 7:49:01 PM

Clinton was somewhat truthful -- if she wins, taxes will increase. However, they will increase for EVERYBODY, not just the evil horrible capitalist pigs on Wall Street.


Posted by: baloney | Feb 19, 2008 7:49:31 PM

Hillary is contradictory? REALLY? Just list in chronological order her positions on Iraq from, 1997 to present. It tells you all you need to know about Hillary Clinton.

Posted by: Flyoverman | Feb 19, 2008 8:00:33 PM

As someone who works like a dog in IT for decent wages, though nothing like what a hedge fund manager (or Chelsea Clinton) makes, I totally do not care what taxes others are paying, other than I believe we all should be paying much less as a percentage. Envy and discontent over someone else's earnings is a poison that rots the soul.

Hillary's and Obama's class and income baiting are totally, completely unAmerican. In this country we are raised to be the best we can be. This "class envy" and socialist crap is deadly. I refuse to envy and hate that which I've love to be - rich. So would the hypocrites but they won't admit it. I also refuse to vote for anyone whose main constituencies are the old, the poor, the stupid, the insane and the discontented.

Posted by: Peg C. | Feb 19, 2008 8:00:38 PM

Hillary has her heart in it. She has the will to win. She will step on anyone to win. Even her own daughter!

Posted by: Henry Cabot | Feb 19, 2008 8:00:53 PM

Franklin, I am not a liar. In fact, as a tax lawyer, I am one of those people who benefits from these low capital gains rates. I am simply stating a fact: the capital gains and dividend rate is 15%. Wealthy people who make their money off of capital gains pay this rate no matter how much money they earn. Go to the IRS website and check it out: http://www.irs.gov/taxtopics/tc409.html

Posted by: Mike | Feb 19, 2008 8:01:32 PM

Idiotic. Hillary isn't taking a "swipe" at Chelsea's profession - unless advocating a fair tax is, suddenly, "swiping" at someone or their profession.

This is king-stupid idiocy of the very lowest order imaginable. Is Hillary a touch hypocritical, considering that she moves and breathes exclusively among the rich, many of whom are hedge-fund workers/managers, etc? Hell yes. But it's only a touch hypocritical, not radically so, because Hillary's saying two things distinctly here:

1. Teachers (as one example) make far too little

2. Teachers (again as one example) pay disproportionate taxes, when compared to the rich.

That Chelsea works in hedge funds means nothing in the scheme of this argument. Presumably, Chelsea could agree with her mother on these points without getting her feelings hurt. I think that absolutely could be the case. But I think it's beyond ludicrous to state that Hillary was taking a dig at hedge fund managers, or that profession in general. Very, um, stupid, or.

Posted by: Nathan Hammersmith | Feb 19, 2008 8:01:42 PM

Hillary would eat her own young to become president.

Despicable.

Posted by: Arlin | Feb 19, 2008 8:03:09 PM

Investment income is taxed at a lower rate to encourage investment. Low capital gains tax rates are a proven way to stimulate the economy and create jobs.

Posted by: Henry Cabot | Feb 19, 2008 8:03:52 PM

Chelsea went right from college without ever holding job of any kind to a multimillion dollar "consulting" job then on to the hedge fund.

Does anyone really think she ANYTHING of value to offer those "clients"?

Or these "jobs" just a payoff to buy access to hillary and perhaps a way to just funnel money?

Politics sometimes is just like pro wrestling. A lot of the fights are fake and everyone knows the posturing is all an act so there are no hard personal feelings. So hillary can act like she is attacking those who are paying her off and not really risk anything.

Posted by: johnny | Feb 19, 2008 8:04:00 PM

I work at a hedge fund, and I get taxed at the top bracket, and work 70 hours a week. I'm also in the 10% of the workforce who pays around 50% of the total taxes in this country. Screw Hillary -- politicians are the worst type of hypocritical parasites.

Posted by: hedge funder | Feb 19, 2008 8:04:31 PM

Chelsea is just part of the Clinton machine the we are sick of all of the Clinton squad sick sick sick go away go away the sooner the better

Posted by: sarah | Feb 19, 2008 8:07:39 PM

How can any sensible person argue that liberals like Clinton and Obama support the “working people?” I have been listening to this democrat crap for fifty years and it’s as hollow an argument today as it was back then. I mean, think about it. We get up and go to a job to earn money, right? The more money we make, the better off we are, right? So when liberals tax us more and more, how the hell does that help us?

Posted by: Mike | Feb 19, 2008 8:09:09 PM

Come on, people, Clinton and Obama are Socialists -- what do you expect them to say?

Posted by: Yupdatsme | Feb 19, 2008 8:20:49 PM

Chris,
I would disagree that this is what Hillary was referring to. Hillary pegged Hedge Fund Managers, Wall Street Investment managers not paying taxes. She is doing what Democrats have done since the days of Ronald Reagan-Demonizing hard working successful business people to look good to the blue collar worker who remains the target of the democratic party. It has to be an 'us versus them' atmosphere or they cant parlay the votes (or so they think).

Posted by: Vince S | Feb 19, 2008 8:22:01 PM

Wow! What a completely socialist comment. So those who strive to excel at their professions have to be punished b/c they are successful to appease the masses? In the name of "fairness"? Pathetic! Wake up, Life isn't fair and it's not the government's responsibility to take care of you and hand things to you in the name of fairness...

Posted by: S62 | Feb 19, 2008 8:22:25 PM

Jaycee 56,
You fit my life style to a tee!!

Regards,
A Califorian

Posted by: Marine | Feb 19, 2008 8:22:43 PM

SOMEONE, please, tell us!

EXACTLY WHAT ARE Senator Clinton's "experience" and "accomplishments"?

If you can't do so convincingly, you must stop immediately attempting to smear Obama as "inexperienced."

No more free ride, Clintoneers: Give us the lowdown on Hillary's "superior" experience....

Posted by: Mark | Feb 19, 2008 8:24:27 PM

Remember who sent the good paying middle class factory jobs to Mexico and Communist China?
CLUE: (the Clintons!)
With NAFTA, GATT and MOST FAVORED NATION TREATY with COMMUNIST CHINA!

Posted by: lyn | Feb 19, 2008 8:24:48 PM

What has she done?? i heard over $300,000,000 in earmarks

Posted by: unixmansam | Feb 19, 2008 8:25:41 PM

The top 10% or earners in this country pay 90% of the taxes.

Think what would happen if the top 10% revolted?

Also remember, the top 10% are paying for all the give-a-ways to "stimulate" the economy (read buy votes) but none of their money is going back to them.

Students out there - if you study hard and get a 3.0 and your room mate parties hard and gets a 1.0, would you be happy to take 1.0 off your GPA so your room mate could raise his GPA to a 2.0?

Welcome to the republican's world - - -

Posted by: Ron | Feb 19, 2008 8:26:57 PM

This is why dems lose elections with most people. Why should you tax achievement at a higher rate?? You go to school for 4-8 years, earn a degree, go out into the world and make a good living and get punished for it? So the less I make the better off I am? According to dems it would seem so. If I try to reach a bit higher, say a six figure income and BAM here comes the dems tax machine to smack me back down to "my place"!

Posted by: BonnIndy | Feb 19, 2008 8:33:46 PM

Leave Chelsea alone. At least she works. Why are people asking about Clintons donations and favors????? It is pale in comparison of the PACKAGED donations that OBAMA snuck by.

Posted by: Maria | Feb 19, 2008 8:37:28 PM

People seem to blame democrats for this but that the largest and most irresponsible program (from a cost/taxation point) came from a republican president and a republican controlled house/senate:

Medicare Prescription Drug, Improvement, and Modernization Act 10-year estimate cost: $1.2 trillion

All the while cutting taxes for the rich and increasing irresponsible spending for our defense department for our which means our children and our children's children will be paying this off.

Posted by: a | Feb 19, 2008 8:39:17 PM

BigA,

I really hope you were being sarcastic with her accomplishments, I really should write her and thank her for the three post offices and the two court houses she had renamed. Unfortunately she blocked all my e-mail addresses when all I do is ask her when is she going to do anything for upstate new york.

Posted by: erict | Feb 19, 2008 8:39:34 PM

HRC must win to maintain the "Clinton brand". A loss would significantly erode Willy's earning potential in influence peddling. Expect all out war in Texas and Ohio. HRC's lambasting her own daughter is nothing compared to what lunacy will come spewing forth very soon.

Stand back.

Posted by: DFL44 | Feb 19, 2008 8:54:05 PM

Funny. I can't fill up my gas tank based on a "percentage of my salary." I can't buy medicine based on a "percentage of my salary". And I know doctors don't take a "percentage of salary" for their services. So talking about "percentage of salary" as if it is some type of equity measure is stupid. The fact is the Top 1% of this country contributes 80% of the taxes. Tell you what. Let's have a real "fair" system where we take the annual budget for 2009, divide it up by the 300 million people living in the country and send everyone the SAME bill. Cost to the cost causer. You think a rich person consumes more street light than a poor person? I think not.

Posted by: Larry Fitzgerald | Feb 19, 2008 8:59:41 PM

realist: So right you are.

I've been up and down these boards off and on all day, asking Clintoneers to explain to us all in what ways Senator Clinton's much-ballyhooed "experience" and "accomplishments" surpassed, exceeded, or were in any way superior to those of Senator Obama.

Know what I got for all my efforts?

A lone Clintoneer who chastised me for "asking foolish questions," and informed me that I had been "brainwashed by Karl Rove to hate Hillary."

Hmmm.

Well, there you have it folks.

Posted by: Mark | Feb 19, 2008 8:59:57 PM

and how exactly does she plan to reward work more..."oh, you did some work? do you want a medal or a silver-plated cigar? no, wait, here's a fine citizen over here who would love to give me a little extra of his tax dollars so that i can buy you that medal."

Posted by: kelly | Feb 19, 2008 9:05:20 PM

Wow im a tax accountant doing tax work for a hedge fund as we speak. These guys pay out the noses on taxes. They dont get any break, not to mention they pay top bracket everything unless they held a capital loss from a following year.

Posted by: Dave | Feb 19, 2008 9:06:31 PM

Does no one realize that the capital gains and dividends earned by a hedge fund go to the actual investors of the fund, you know, people who take risks with their hard earned money and invest it in funds that invest it in risky companies that employ actual people and pays for their salaries. Does no one understand how investing works?

Posted by: Jeff | Feb 19, 2008 9:14:00 PM

I am an independent voter, ready to cast a ballot for anyone sincere and open and honest, with a track record I can admire, either in the public or private sector.

Hillary Clinton is the antithesis of all that I value (and seldom find) in the political arena. Now 65 years of age, I'm no longer voting very much. I dare say there are several people in my condominium building that I would trust and respect more than Hillary Clinton to do the work all of us should expect from a President --- which is advancing the interests of the nation around the world, engaging in "service" to the citizens