Daily Kos

Now that All of the Hillary Supporters Have Left . . .

Tue Mar 18, 2008 at 12:03:23 AM PDT

. . . can we talk about Chelsea and her hedge fund job? I've wracked my brain trying to understand this one. Her father's an ex-President (Democratic) and now heads a global foundation. Her mother's a sitting United States Senator from the State of New York. She twenty-seven years old. She went to Stanford and Oxford. She does not need any money. She could literally write her own ticket to do anything on the planet that she wants. The United Nations. Philanthropy. Politics. Anything.

And she decides to become an analyst for a Wall Street hedge fund? Avenue Capital Group. From their website: "Avenue Capital Group is a global investment firm focusing on the preservation and growth of capital."

I'm poor and I wouldn't take that job. Why in the hell would she? I hate to say it, but to me is says something about the parents.

UPDATE (RESPONSE TO COMMENTS):

  1. Chelsea is fair game because she's campaigning for her mother. If she doesn't want to be a part of the political process, she doesn't have to be.
  1. I do think that what somebody chooses to do for a living says something about their character as a person. Let's be real, Barack would not be in the position that he is today if he did not have a long resume of "good works", i.e. community organizer, civil rights lawyer, etc.
  1. Yes, I do believe that hedge funds are basically somewhere between worthless and evil. What do they contribute to our economy and our society? To allow rich people to buy instruments protecting them from the consequences of bad investment decisions?
  1. Yes, there are some good, progressive people working on Wall Street. I know a few of them, actually. But what they do on a daily basis is not good or progressive.
  1. My point is not just that Chelsea is like the other people who work on Wall Street. My point is that she has better alternative options than 99% of them. That is what perplexes me so much about her choice.

Tags: Chelsea Clinton, hedge funds (all tags) :: Previous Tag Versions

Permalink | 113 comments

Permalink | 113 comments