Updated: Is Edwards Sincere About Economics?
Fri Jan 18, 2008 at 08:00:12 AM PDT
Is Edwards' entire campaign image just the most transparent of lies? That's the most toxic criticism I hear, along with "he's too broke to win" and "close third isn't worth considering". But maybe "insincerity" really is a problem for Edwards, if the career of his economic adviser Leo Hindery, is a clue.
Edwards is defining himself as the anti-corporate crusader, whose economics serves the disadvantaged America, even when it costs the privileged. But how can the details of that crusade work out that way, when the person in charge of his economic policies is living a lie contradicting it?
Updated below, at the end of the body of this diary.
I like Edwards. He's become my favorite candidate for president, as actual voting has begun, though only just ahead of Obama. Though Hillary is a clear #3 among the 3 who could probably run in the general, any of those 3 would make a decent president (and a renaissance after the Bush nightmare). So I'm trying to wrap my head around what I've just learned about his campaign's #1 economics policy adviser, Leo Hindery. I want to see the discussion today, because this suspicion about Hindery is holding me back. If I can get some credible reassurance today, I'm going to donate a substantial amount to today's big Edwards fundraising campaign.
As reported by Barry Horton in the 1/6/08 Huffington Post:
Leo Hindery, formerly head of scandal-ridden Global Crossing, who walked away from that stockholders' disaster with $250 million? Leo Hindery, who as George Steinbrenner's head of the YES cable channel, squeezed Yankee fans out of every last dollar to watch their games? Leo Hindery, who as head of cable television giant TCI, then arguably the country's worst cable operator, managed to con AT&T into buying the company at a premium price? That Leo Hindery?
And after the sale, in a coup of tremendous chutzpah, Hindery then talked AT&T into making him head of the new company. The new AT&T Broadband then made TCI look like a public service enterprise as it screwed customers, employees, and its corporate parent, lost billions, and debased parent AT&T to the point that SBC was able to buy the remaining corporate shell for a song.
It's not like Hindery's background is a mystery. Back in 1998, when the TCI deal was in the works, Leo Hindery, Jr. was the subject of a highly unusual New York Times profile which debunked his frequent claims of a boyhood out of Dickens: leaving home at 13 to fend for himself, Horatio Alger-style, at a series of menial jobs. Fact-checking Hindery's self-serving bio, Geraldine Fabricant found that despite Hindery's insistent declarations otherwise...
So why shouldn't I be concerned that Edwards' economics will be different from what he's selling in his campaign, if Hindery is helping him craft both, and therefore expects to have power in the new campaign? Just as doubts about the integrity of that economics raises my suspicion about Edwards' overall integrity, its specific area of business worries me, too. What's that flippy cableco mogul really advising about Net Neutrality? What about monopoly regulation, which needs a 180 degree reform to turn back their tide, and corporate power in general?
I want to like Edwards. I know I like his image. How can I be more sure that his image represents him accurately, when just beneath the image lurks a guy like Hindery? Will Edwards represent me, or Hindery, when president?
There's now been almost 2 weeks for people to debunk or otherwise mitigate Horton's charges about Hindery. What's the verdict here on DKos? Remember that mere partisanship in your answers will just make Edwards look worse (and make the partisans look like suckers or worse). Where's some real evidence and logic to help me support Edwards, including a big donation today, countering these legitimate concerns about his top economics advisor?
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Update 20:37/Pacific 1/18/08: After reading mini mum's comment, I researched Hindery a little more. He seems to me to be probably an exec who made a bundle in the excessive telecom Bubble, and now works to promote corporate social responsibility. As mini mum suggested, Orton's career advising governments on telecom has probably put him at odds personally with Hindery in some way that neither Orton nor the Huffington Post revealed. A few other comments also helped add some perspective.
But most of the commenters in this diary did not help at all. People baselessly accusing me of merely attacking Edwards, or just flatly asserting that Edwards is OK, despite the evidence I asked to discuss, all worked against defending Edwards. Just like I asked in the diary that people not do.
But I didn't hold that against Edwards. I just donated $100 to his special fundraiser today. I suggest that you do, too.
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