Joe the Hedge Fund Manager
"He is not fighting for Joe the Plumber," Barack Obama said of John McCain during the campaign. "He's fighting for Joe the Hedge Fund Manager."
Perhaps it was inevitable, then, that yesterday, a mere nine days after McCain's loss, House Democrats hauled in Joe the Hedge Fund Manager to testify before Congress. Actually, they hauled in a billionaire's row of them: John, George, Philip, James and Kenneth the Hedge Fund Managers. Their average earnings last year: reportedly $2.5 billion apiece.
They were in for the populist treatment. House Oversight and Government Reform Committee Chairman Henry Waxman (D-Calif.) pointed out that some of their income is taxed at the 15 percent rate. "That's a lower tax rate than many schoolteachers, firefighters -- or even plumbers -- pay." The audience chuckled.
Read the whole Sketch
-- Dana Milbank
Posted by: Dinapoli3316 | November 19, 2008 9:32 AM | Report abuse
The comments to this entry are closed.