John Edwards 2008: What’s not to like

January 25, 2008

And then there’s John Edwards

WASHINGTON — There’s losing. There’s losing honorably. And then there’s John Edwards.

-snip

Then there is John Edwards. He’s not going to be president either. He stays in the race because, with the Democrats’ proportional representation system, Barack Obama and Hillary Clinton might end up in a very close delegate race — perhaps allowing an also-ran with, say, 10 percent of the delegates to act as kingmaker at the convention.

It’s a prize of sorts, it might even be tradeable for a Cabinet position. But at considerable cost. His campaign has been a spectacle.

Edwards has made much of his renunciation of his Iraq War vote. But he has not stopped there. His entire campaign has been an orgy of regret and renunciation.

– As senator, he voted in 2001 for a bankruptcy bill that he now denounces.

– As senator, he voted for storing nuclear waste in Nevada’s Yucca Mountain. Twice. He is now fiercely opposed.

– As senator, he voted for the Bush-Kennedy No Child Left Behind education reform. He now campaigns against it, promising to have it “radically overhauled.”

– As senator, he voted for the Patriot Act, calling it “a good bill … and I am pleased to support it.” He now attacks it.

– As senator, he voted to give China normalized trade relations. Need I say? He now campaigns against liberalized trade with China as a sellout of the middle class to the great multinational agents of greed, etc.

Breathtaking. People can change their minds about something. But everything? The man served one term in the Senate. He left not a single substantial piece of legislation to his name, only an astonishing string of votes on trade, education, civil liberties, energy, bankruptcy and, of course, war that now he not only renounces but inveighs against.

Today he plays the avenging angel, engaged in an “epic struggle” against the great economic malefactors that “have literally,” he assures us, “taken over the government.” He is angry, embodying the familiar zeal of the convert, ready to immolate anyone who benightedly holds to any revelation other than the zealot’s very latest.

Nothing new about a convert. Nothing new about a zealous convert. What is different about Edwards is his endlessly repeated claim that the raging populist of today is what he has always been. That this has been the “cause of my life,” the very core of his being, ingrained in him on his father’s knee or at the mill or wherever, depending on the anecdote he’s telling. You must understand: This is not politics for him. “This fight is deeply personal to me. I’ve been engaged in it my whole life.”

Except for his years as senator, the only public office he’s ever held. The audacity of the all-my-life trope is staggering. By his own endlessly self-confessed record, his current pose is a coat of paint newly acquired. His claim that it is an expression of his inner soul is a farce.

A cynical farce that is particularly galling to left-liberals of real authenticity. “The one (presidential candidate) that is the most problematic is Edwards,” Sen. Russ Feingold told The Post-Crescent in Appleton, Wis., “who voted for the Patriot Act, campaigns against it. Voted for No Child Left Behind, campaigns against it. Voted for the China trade deal, campaigns against it. Voted for the Iraq War. … He uses my voting record exactly as his platform, even though he had the opposite voting record.”

It profits a man nothing to sell his soul for the whole world. But for 4 percent of the Nevada caucuses?

Washington Post 1/25/08

November 16, 2007

If John Edwards really cared about working people

Filed under: 2008 Primary, Bankruptcy, Finances, Hedge Funds, Housing, Katrina — is @ 3:04 pm

Clinton’s campaign responded by targeting Edwards’ previous consulting work for a hedge fund that owned a sub-prime lender.

“If John Edwards really cared about working people, he wouldn’t have taken a $500,000 salary from a hedge fund that is foreclosing on working people around the country,” said Clinton campaign spokeswoman Hilarie Grey. “Sen. Edwards should spend his time talking about how he’s going to help those people instead of launching ridiculous attacks against Sen. Clinton.”

Edwards worked part-time for Fortress Investment Group, getting paid $479,512. The former North Carolina senator redirected roughly $16 million invested in the fund after learning that two sub-prime mortgage companies it owned had sued to foreclose on 34 New Orleans homeowners. Edwards also used his own money to start a fund to help those homeowners.

He has said he won’t create a similar fund for homeowners elsewhere who were sued by the lenders.

Las Vegas Sun 11/16/07
http://www.lasvegassun.com/sunbin/stories/nevada/2007/nov/16/111610804.html

August 19, 2007

Edwards and 2001 Bankruptcy Bill

Dodd Campaign: John Edwards May Not Take Money From Washington Lobbyists, But He Sure Acted Like ItContact:
Hari Sevugan
Cell - (312) 203-2207
Office - (202) 737-DODD (3633)Colleen Flanagan
Cell - (202) 744-7290
Office - (202) 737-DODD (3633)

* Edwards supported a bankruptcy bill that was vetoed by President Clinton. In 2000 John Edwards voted for the Bankruptcy Overhaul bill. While this bill included a slight increase of the minimum wage, its major design was to revise bankruptcy laws to make it easier for courts to force debtors to repay their debts, while before the law had allowed debtors to discharge their debt. 12 Democrats and 2 Republicans rejected this bill, including Chris Dodd, Ted Kennedy, Paul Wellstone, and Tom Harkin. President Clinton eventually vetoed this bill because it was too hard on debtors. [HR 833, Vote 5, 2/2/00; Des Moines Register, 3/16/01]

* Edwards voted for the same bill in 2001, again choosing financial interests over working families. In 2001 Edwards voted for a similar Bankruptcy Overhaul bill that again required Americans facing bankruptcy to undergo debt repayments instead of debt relief. Specifically, the bill required debtors able to pay $10,000 or 25% of their debts over five years to file under Chapter 13, which requires a reorganization of debts under a repayment plan, instead of seeking to discharge their debts under Chapter 7. Edwards voted with nearly the entire Republican caucus in supporting this bill, as well as voting to end debate on the measure. Chris Dodd voted to reject this bill, joining Senators Durbin, Feingold, Harkin, Kennedy, Kerry, and Wellstone. In all, the bill was rejected by 13 Democrats and 2 Republicans. [S.420, Vote 36, 3/15/01; S.420, Vote 29, 3/14/01]

* Edwards would not allow relief for people who were forced into bankruptcy from medical bills. Edwards also sided with the entire GOP caucus to vote against the Wellstone amendment to the 2001 bill. This amendment would have provided an exemption for debtors who were forced to file for bankruptcy due to medical expenses, under the rationale that health expenses are often unpreventable and can be an especially debilitating cost to low and middle income families. Chris Dodd was one of the 34 Democrats who voted for this amendment?a group that included Senators Clinton, Durbin, Feingold, Harkin, Kennedy, Kerry and Wellstone. [S.420, Vote 16, 3/7/01]

* Edwards rejected a means test amendment that would have protected debtors from sudden financial misfortune. On the same bill, Edwards again voted with the entire GOP caucus to reject an amendment that would have included a more consumer friendly means test than that included in the original bill. The amended means test would have used the average of a debtor’s last two months of income to determine their ability to pay a certain threshold amount of debt, instead of the last six months of income. The amended means test was designed to protect debtors who face financial difficulties from sudden job loss or disability. Paul Wellstone, who authored the amendment, said the original test “will make it impossible for families to rebuild their lives.” 22 Democrats supported this amendment, including Chris Dodd. Dodd was accompanied by Senators Clinton, Durbin, Feingold, and Kennedy. [S.420, Vote 33, 3/15/01; CQ Quarterly, 3/5/01]

* Edwards supported the final version of the Bankruptcy bill that “punishes the vulnerable.” Months later, Edwards again voted for the similar version of the Bankruptcy bill that emerged from negotiations with the House of Representatives. He also voted to limit debate twice on the bill, stifling further amendments or arguments. This version was not substantively different from the earlier versions, as it still made it significantly harder for working Americans to discharge their debts through the bankruptcy system. Chris Dodd rejected this bill, along with Senators Durbin, Feingold, Harkin, Kennedy, Kerry and Wellstone. 14 Democrats and 2 Republicans voted against the final measure. [HR 333, Vote 234, 7/17/01; HR 333, Vote 236, 7/17/01; HR 333, Vote 230, 7/12/01]

The bill “punishes the vulnerable and it rewards the big banks and credit card companies for their poor practices,” said Sen. Paul Wellstone, D-Minn., a leading opponent of the legislation. “We are heading into hard economic times and we’re going to make it hard for people to rebuild their lives.” [Associated Press, 7/12/01]

Press Release 8/19/07
http://www.iowapolitics.com/index.iml?Article=102959

The Dodd camp specifically pointed out Edwards voting actions on the Bankruptcy Overhaul bill in 2000. According to the press release, that bill would have essentially made it easier for courts to make debtors repay their debts rather than allowing them to discharge them. While Dodd and 11 other Democrats rejected this bill, Edwards voted in favor of it. Dodd even noted in the press release how President Bill Clinton vetoed this bankruptcy bill because it was too tough on debtors.

Dodd further questioned Edwards as a poverty fighter by saying that his opponent voted in favor of a similar version of the Bankruptcy Reform bill in 2001. Specifically, that bill required debtors to pay $10,000 or 25% of their debts over time under a Chapter 13 bankruptcy plan rather than letting them seek a discharge via Chapter 7 bankruptcy.

Questioning his opponent’s political allegiances, Dodd noted how Edwards sided with Republicans in favoring the 2001 bankruptcy bill. Dodd said that Edwards even aligned with the Republican caucus in rejecting an amendment to the bill by Senator Paul Wellstone of Minnesota. That amendment would have given an exemption to debtors who were forced into bankruptcy because of medical expenses. Naturally, Dodd was one of 34 Democrats to vote in favor of this amendment.

Edwards’ voting record on bankruptcy issues gets worse, according to the Dodd camp. Dodd detailed how Edwards once again lined up with the Republicans in rejecting an amendment that would have included a more consumer-friendly means test than in the original Bankruptcy Overhaul bill of 2001. That amendment would have initiated a Chapter 7 means test that would have averaged the debtor’s last two months of income and taken into account sudden job losses or disabilities. The original bill mandated a means test averaging the debtor’s last six months of income.

Dodd concluded the press release by saying that Edwards ultimately supported a bankruptcy bill that not only punished the financially vulnerable but also aligned with big banks and credit card companies.

Total Bankruptcy 8/19/07
http://www.totalbankruptcy.com/bankruptcy_articles_john_edwards.htm

July 17, 2001

Bankruptcy (need link)

“On July 17, 2001, by a 82-to-16 vote, the Senate for the second time this session-the first time was March 15-passed a bill forcing more debtors to file under the stricter Chapter 13 of the bankruptcy code,etc.”

snip

“Sen. Paul Wellstone (D.-Minn.), a strong opponent of the bill, led a lengthy debate in an effort to stall the vote, even though the bill had already passed the Senate once and there was no chance he could defeat it. The Senate voted 88 to 10 invoke cloture and move ahead with a vote.”

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