Wednesday, May 09, 2007
Cafferty: Hedge funds & poverty
WATCH "The Cafferty File": Giuliani's dilemma?.

John Edwards says he worked for a hedge fund primarily to learn more about financial markets and their relationship to poverty. Do you see any contradiction there?
I see no contradiction. Why must politicians who say they care about poverty avoid opportunities to be well off themselves? History suggests the well off are often terrific advocates for the poor. John F. Kennedy was well off. Lyndon Johnson was well off. Over the past fifty years, they are probably the nation's most effective crusaders for the underprivileged.
-Marc, Brentwood, Tennessee

Dear Jack, My wife and I lived in Charlotte, N.C., when John Edwards was a political lightweight. It always seemed like there is only one person in John Edwards life. Everything is for John Edwards and the continuation of his rise to glory. Working for a hedge fund and then saying it was to learn about the poor… come on. -Butch

Finding out how a corporation is using the Cayman Islands to avoid paying taxes may require working for them. Or, earning lots of money in a hurry to run for president is within the law today. I give great male haircuts and don't charge $400. He wins some and loses some.
-Mariana, Granada Hills, California

I see nothing wrong with John Edwards working for a hedge fund. It's honest work, and given his financial situation, he could have easily not worked at all. -Bruce, Tallahassee, Florida

Is it worth spending 10 years to defeat the insurgency in Iraq?
Insurgencies fail in nations that have strong identities. The Iraqis don't think of themselves as Iraqis, since the country was invented by the British 60 years ago. They think of themselves in relation to their religions and their "tribes". Whether we stay there 10 days, 10 years, or 100 years, there is no "winning" in Iraq. -Jim, Savannah, Georgia

There would be no insurgency in Iraq; your president put one there! President Bush created the ideal breeding ground for this insurgency to flourish! He created chaos and tore this country's government apart, period! You are now trying to contain a completely manufactured war!
-Brian, Ontario

Yes, of course it is worth staying in Iraq for 10 yrs. Are you kidding me? Why would we not want to stop the insurgency? This is of the utmost importance… There will always be terrorism but we need to send a strong message to that part of the world now before it's too late! -Lauri

Honestly, Jack, it hasn't been worth five years. -Rob, Niagara Falls, New York

Will ads featuring retired generals who say President Bush does not listen to commanders on the ground in Iraq have any effect on policy?
Bush didn't listen to them when they wore the uniform while commanding the military. Why would you think he would listen to them as civilians? Congress is busy debating war authorization like that will make a difference. Congress should debate censuring Mr. Bush; that is the only thing he will understand. -Doug, Bay City, Michigan

No. The generals should have voiced their true views while in uniform and they had something to risk. Now they are just revising history as it pertains to them, a self-serving move by those derelict in their duty to their country. -Bruce, North Potomac, Maryland

Jack, What do a bunch of retired career generals know? Now if you want to influence the White House get the opinion of a few swift boat skippers. -Fred, Vonore, Tennessee

The Bush administration hasn't listened to *anyone* so far. Why would this make any difference? -Steve
Posted By Jack Cafferty, CNN Commentator: 5/09/2007 07:42:00 PM ET | Permalink
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